ST MARY'S CHURCH: HADDINGTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ST MARY'S CHURCH: HADDINGTON LEGAL AND ADMINISTRATIVE INFORMATION Tr$•$ As listed on Trustees RerL)rt Charity nurrkner IScolland} SC01rA14 Congregatlon nurnber Q3QJ InPendent examlner t>)Jg135 Gwkj LLB CA Greaves We$1 &Ayre 8 St Anns PL8ce HaddirKJton East Lotts"an EH414BS Prih¢ipal office4•aFèf5 MoJept¢T. Session TSrer.
ST MARY'S CHURCH: HADDINGTON CONTENTS Pa9e Trustee$, pOrt Statement of Trustees, wponsts.10os IndèpTrJ8nt eXamr¢S report Statement offinafilial BalarKe sheet 10 Notes to Ihe financial statements
ST MARY'S CHURCH: HADDINGTON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Stee$ present Iheirannual ort aTrJ fanC#al statanentsfor the year ended 31 December 2024. The flnancal ststemeits ha teen prepaied In acrxjrdarte wth tre wxjnlng pdicies set out in note 1 to the finanodl slalemenA 8nd cornpty with Ihe Chary,5 Vnstary Deed of c¢¥ttu(n ancl General A&sembly Rèjulations for Congregational Finarbce. th8 Charites #nd Truste8 knvestmeni ISGoOandlAct 2005. the CharitBs Actounts IS¢ottandl Regulaton$ 20C6 las amended) and"Accounbig arKI RekKrtir¥J by Charities" stament of Recornmended Practi applicable to tharities rxeparing thèr accounts n acLordance with the Finanaal Reporting stsn¢Jaro aFpli(zb In the UK and Reput4i ol Ireland IFRS 1021" leff&XNe 1 January 20191. OLyeGtives and activities The Churc of Scotland 1$ Trinrt8rn in d(xitirE. refotmed in If8th and Presbyterian in po&cy. It ex15ts to glcyify GCKI and to work lor Ihe advantÈnnt of ngd¢>M throughout the worfd As a nabonal Church, it nowledges a dstsncti¥e c811 and duty to briryg the ordinarbw of relvjJn to the Ople in every parish of Scotland throu9h a lerribrial mintstry. It CAFoperatss wth other Chvr(es in various e1meiCal bodEs in S¢otknd and Wond. The trustees haye Pa due re9ad to gUKran issued by The offi of thè Scottish Charity R8JuL4tor in deading what Zctimt$ the Charity Shou undertak8. Achi&v•ments and perfomian¢• During 2Q24.wtYk progressed towards IpnEntab"Qfi of the Presbytery LothHn and PK)r¢rs mS1on Pl. This Is a nat81 Church of SrnttarKI plannirg pro$$ Wh invofves uni'n9 congregations and dong buildings Lo 51reamkne sou[S in order 10 better ¢Jelrver the otyecmves of me Charty. Th Haddin9ton will in 2025 on the demi%r) d both MinterS. The min¢sterof Jt Mary's announced that she will lake earfy t1ment al tt)e ènd ofApril 3)25 Aworking group mace up ruslees froni bot) congregatnS and faolrfated by Presbytery reEresentstiw&s Thel regularfy to prèparE the draft bayis of union. Th was cornpleted In October and will be voted by both Kirk Sessons and con9regations In earty 2025 St Mary's churcn building will rain as Ine bu1jing foi the oew ccfigregatioTr. Thi5 is a cognOn rA its exlnt adaptable spac£. (>)ndin d potenb'al. as well as it3 hi%¢iC place aThJ orYJow)g irnpQrtan in the lrfe of the Wkr town COTTupunty and Ihe county of East Lo"thw. AlgSide these fofmal dcssInS several so()al events a joi)t HaNe servre hekd to hdp elders n¢ Members of both congregations get io kntsw one another bet*r. prepamg lorchan9•, St Mary's COntind tts thrive 86 8 w¢r8lipyny MmUnty ol faith to the gbry of God and for Ihe soL8ce of a whole cefflmunty.
ST MARY'S CHURCH: HADDINGTON TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 To the Glory of God and for the SCl•ee of a whole ¢k)mmunity:_ Vlorship Most Sundays of the year we offer two sees.. a short informal family seThi(£ folbwed by Young Church for chikyren and a more traditTonal servrE at 11affl. The Kirk Session derAded lo incwse the number ol tsmes that we hold on8 seNce. to bring us together as a congregatin and in£Yease opportunty for fellowship. Communion is effered quarterfy and at Easter OLtr thirtl neSdaYS offer tl opportunity to anyone in our o)mnvJnty, whatever Iheir belief. 10 enjoy a qu evening time the church in candlIght The main christs.an Fe5tivats of Chiistrnas Easter a inportant bmes in the lrfe (4 our O)rKjgatlon. with speryal Servi for Holy week. Easter and Christmas. St Mary's wekfjmed around siK hundred Peop lo worshw) over Chnskna5 Eve and Cthrtstsnas Day. with many frryn the Icul community. The ¢hvr¢h was open on Christmas Eve aftemoon for quiet tyne. This was 8PPWiated by church members and wkler 0mrtity. Throughout the year lunerzl serwcs aryl weddings were hekl in Ihe thurch. A team of volunteers ha5 been trained to Cary (xjt the practir21 support on Sundays. weddings aThd fvnerats aThJ prov¥Je aCsS to the lyJikJsryJ as required. Vve enjoy good relatDns th ottr churches in the tovm and rShipped together on Christian Aid Sunday. Rernetnbrance Sunday. the Week of Prayer for Chr6lian Ufity and the W0j Day of Prayer. Y¢ung Churth for thAdren and Not sts Young Church for teenager5 gives opporiUnes for children young people to karn about farth and devebp their spirituality. Th¢s is by a dalicated team of volunteers. St Ilary's is one of the few towers in Scoljand with a sel of belb .This yèar fflarked the 25th anniversary of their Installatn_ Speual events and a dedic•tK)n servKe were held and St Mary's hosted the Scottish Society of Charoe ringets for a day rneet¥ig arKI lebra1th)n. The bell rifigets run a SUc$ful training programme open lo anyone in Ihe communrty and there is a growing cohort ot new nngers. Bdls a rung every Sunday moming as well as on request for weddTrvJs. funera15 and other ¢ommLtnity C¢G8sons. Anyone may request the belb to be ruryj on a Sunday rnoming in memory of a loved one or in celebration. This initotNe is Pror ¥ery popuL4r.
ST MARY'S CHURCH: HADDINGTON TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 For the glory of God and the sola¢ of a whole comm¥nrty-.- Governan¢¢. hnan¢e and property The Kirk Se5510n rneels 5 times a year in the thurch. wth teams managing FinarKe aTh¢l Propwty and a volunteer managing events and bookings. Our Safeguardtsyj CcOrdal0f stepped dovm alr many Yea of Servi we successfully appointed a rEpent. Finance In 2023 we employed the services of Accountin9 frpr l>)tyJ. a Communrty Interest Company and social enterprise. to Carry out much of our day- tfp day bty)kkeeng. This has now bedded in, is working well and has eased the pSSUre on our volunteerTreasurer and Finan Tearn a&0 moved to Xero. an online accounting package Our tr40 contacess payment eS instalw in the church a proving very effe¢tsve and give the opportunty for both worshippers and wsitofs to make one oft dOnatnS. have encouraged many mernbers lo 5wiIth to Onli givrng or to give by direct debrt. Our rnanbers ¢onb"nue to give generously both by regular donation artd through extra fvndrai8iry ev•nts. suth as our hghty SUSslI Marbnmas Fair. Property A small group of volunteers ensu the f8bric of the church and the manse ts maintsined to a h¥Jh standard. Tht teatn also develop plans for how the buildin9 can be upjaled and Improved so that il ¢onb"nues lo serve the congregation and community ifi the frjture. There a projects underway Trustees detided to dean and store the dear glass wndows in the east end of the thurth which suffer from an anuent unswJhUy prote¢tvJn system. The frsl one was completed thè help ol a gener(ws donation and fiJThlraising for the Pltrpose. This will te rolled out as fvnd5 are ratsed. A mai)r project to uparade the heab.ng in lh8 churth. aThJ mInWlS8 our unpact on the enwronrnent is being prOg$sed. We now have fijll Planning Approval and Listed BLtildings Consent from East Lothian Counol and Hksloric Enwronrnenl Scodand lo install solar panels. hav8 approathed P$btry and the General Trustees lo gain their fomal approva& and alk)w us to start ftjnd ratsing in eamest. We have abo siarted work on the tendering process for the upgrade of the gas boirS and ¢onvector heaters in the ¢hurth. These meawres will all(M u$ 10 heat the buikding more effiuenty whilsl at Ihe same bme Cutting down our ¢arbon erni5sh)ns. This Is in line with the ¢hurth's rnk5sion lo do everyihing we can to kjok after God's ueabon and the Church of Scotland s goal of reathirvJ net zero 9reenhouse gas emissions. We telieye thL8 future proofs our church buihjing. whilst also playing our part in près8(ving the environment forfuture generabons.
ST MARY'S CHURCH: HADDINGTON TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 For the Glory of God and the solace of a Whts community".. Caring and bulldrng refationships The Aower Team ensures that flcwers deINed to Cr$re98tx)n mernter5 who were unwell. housebound or renvY bereaved A group of laknted kni11e rnade Prayer ShawLs W.th are gwen ro peOe as a of GrAI's love and our (aw. Our active swal team serve refreshments beeen our Se$ provKJing tirne lo ¢hat The donatsons we cewe from that go to supporting Ictal charit5 have a monthty wakirrfj group and kly uaft group open to all. The Cirde of Friends started a monlhty aftemoon tea drop in whith prowng POPaT. They aL80 visit senior member5 as thurch friends. The congregation donates prrX1u and rnorw to bcal fr%Jbanks as as to vark)us Charibes through Sunday dOnatn$. We support Chris'8n AKI actsvety. For the 910ry of God and the 8ola¢¢ of a whole community:. A thriving hub for creative arts Mu51c play5 an impoftant rok in our Sunday worship wilh our praise band ad choir offering the opportunity for people to tribUte and devebp their tants. Our tslenied flower team pwde beautsful floral displays for services and spec281 OctsSns suth as the Larnmermuir Festival. Our projecon team pwvide v%ual ¢mages ¢0 acMpanY our 9.30am Serri. Aweekly craft group meets in the thurth. St Mary's continued to attraci tx)th amateur and profess)nal musi(iafis of ages to perfom) in ¢xJr wonderful Space and acoustic throughout Ihe year. Our St Mary's Sunday at 4pm seriès gives amateur musicians the opwrtunity to perforrn ITr St Mary's fe of Charge. This year we welcorned kncsl choirs and in5trurnental ensembles, East Lothian Counul Young Musilaan of Ihe Year competibon and rts assoaaled ¢onTrrts, IoGqI schools, and the Urk FishemRns from the Netherfands. among olhers. St Marys ts a main venue for the Lamnm)uir Festival and conb.nued ourfrurtful oJlkborattr)n wth Delph4in Record¢Trgs. In a signthcant developtsn1 St Mary's now houses the Haddington Concert Sotsety Bosendorfer con¢wt grand piano and hosts their ConrtS. All of the abo¥e dernonstrates that St Mary's 15 open to our communty. while at Ihe same time generating iwrne. St Marfs hosted the Haddmgton Camera Club's annual ethbiiKn. For the glory of God the sol¢¢ of a Tthole Cornmunlty:. An OP¢A ¢hurch, welcoming visitors As well as beiTrJ a focal poirtt for worship congwatimal lrfe. St Mary's is an important htoriC buikling a has a Ihree star thsrtor attrxtson stat5 by Ihgt Scotbnd. We were OFn for daily v$ib"ry from May to beginning of Odober. This is faulitaled by a group of volunteers, lod by a churth member. who trained to welcome people and gNe Hifom)ats"on ab1 St Mary'& IAÈ red hundreds of visit(s al0d the workj. St Marys took part in the East Lothian Archaeobgy and Heritage Fothght and Door5 Open Day whith induded 5peaal tslks and dplay8 on the 475th ann¢wer5ary of the eTrJ of tt gege of Hadjington.
ST MARY'S CHURCH: HADDINGTON TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review The accounts are presented on an acuued basts. The main sources of inrxjme are contributions from rnbers of the congregab" by monY)Iy 5tsnding order. Re9ular donations via our contacless givin9 eard rnathires Open plate tt>llethK)ns. general donatior6 and tax recovered frorn gfft aKI Further Jncorne is gerterated Ihrowjh the h¥e of the thurch buJing. various fundrassin9 events held dunrrfj the year and interesl reNed frcffl invesbnents. The totsl incorre for 2024 arnounted to £127.70012023.. £128.) 3 rel11d of 1% on the previo5 year. The decrease in offerings and gift redaimed was sSened by the inuease in the use of premises. IrKome fvom the use of premises was £19.7k. a 10.6% increase on 2023. In otr areas. inveslment income Increa by £654 10 £3.885 in 2024 and our annual Klartinmas Fair ra6ed £7.2k SÈ Marys at 4 Sunday aftemoon conr ra15ed ever £2k Totsl expendrture for 2024 amtyjnled to £T25.018 12023. £138.2811 gNiTrg a surplus of £2.682 befo the gain on investment5. EndItre decreased by 10%. The redurlK>n Is due lo deo-eased spending on fabric pairS. St Mary's Giving to Grow contribub.on ift 2024 was £58.09312023. £50.8831 an inuease of 12.4%. The gain on investrnents in 2024 was £639 12023.. £2.5571. This is only a slNJht inthase rX)Mpar tc 2023. The Church of Scotland Investors Trust advised the Markets were affethd by several se$. ranging from the continued conffi(l in Ukraine, to eSCatiOn of hostilths i# the Mhldle East Ihe sbw g)eed of reductKJn in Intest rates. Net assets of all fijnds at 31 Drnber 2024 lotalkd £98.923. an inuease of £3.321 on the balan at 31 Deornber 2023. Funds held by the Church of SoJIlal General Trustees ofi behaw of the (x)rfjwatK>n amount to £49k, hawng aSsed Ajnds of £19.917 to assist wrth fabric repairs. These afe the rema£rring funds from the sale of the onginal manse ènd the thurch hall. The outsourcng of the tx)okkeeping and payroll servws to Accounting for Gwd 15 fvlly operation31 and continues to have a po$'Ve inpact on the wothkjad ofthe Treasurar wbjer Finanr team. Re$eNes policy It 15 the trustees, polKy to held resefves of 8pproxThatety N month5 8xFeThditu Iuding deswjnated funds. At the year end the Church hekl UnreStrted lunds 01 £49.114 of whKh £52.845 wetE despjnaled. Inv85tm8nl policy and porformance All investments a hekl with The Chyr¢h of Stland Investors Trust to prCJu a inccffle. Risk martagernent The prinupal nsk5 faong the ChtKth are an ageing Co[gaOn the potantial costs of Fabiic work. 1 serve5 are reguL8ty monrtored by the bwtees to ensure that sufficEnt fvnds a held to cover lrftely eventualitie5. Publie benefit In ¢onsideriTrJ the operatMs. athE¥ements and perf0rrnan and finano5 of the Charity. trustees a satisfied that public benefit has ten proYMled in accordarK th the Charit*s and Trustees Investsnent (Sudandl Act 2005 and gutsjan provKled by the OffKx of the Scotbsh Charty ReguL3tor.
ST MARY'S CHURCH: HADDINGTON TRUSTEES. REPORT IcoKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans forfutyre peri(xls For th8 glory ol God and th? solace L>1 a Thole communtry:. P12nniny for the fvtsjm The Lothian and Borders Prestytery Plan alows for gton served onè rninister. where ojrrentty Ihere are lJ4r•. The minister of St klary's Trnound she wll take earty retyernenl at the end ofApril 2025. The minisEer of HakJin9ton West Churcn ras atso announ he wll danrt in the 8Utumn Df 2025 SI will be ad by an Interrn Uoderalor until the pro55 be9ins to 11 a new minÈstÈr. SINCre. go¥eman¢8 and rnanagernent The Chufch is admnistèred in acoNdancewÈth the of Unilary Deed of Constrtution. The Trustees Tho trv8tee8v4ho $8rved lh• Charity durin9 tho riod were as fol". eiib?rs of Kiik Séssijn Re¢rnrtment and appointment of Trnstees Mwnbers of the Kirt Se$Sn are tFe Charrty tte&s. The lfjth Sessth rn8mbws are the ekyers of the Church and are chosen trom those membws of the Chwth who are rX>nSide to have the appropnate gifts and skils. The minister. wlv) is a member of the Trfjrk Sessi¢. 6 eknlEd by the congwaty'on and indted by PtESbytery Oryanisatoonal $trueknr• Certsin SponSo11rIieS ate delegated to Ihe FITran Team aThJ ts Fabric Team appropriate. The Kirk SesgCn wh¢h meets Iwe t4nes a yeai is responsible for the wiitsjal affaits vnthin the ChLbrch_ Independent examiner LL8 CAha5 be8n re-ar4)ointed as indepentkrttexamnprfor Ihe year. Tho Twstoes, rwrt SODr0d lh• 8oard OfTntee$.
ST MARY'S CHURCH: HADDINGTON STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible for pparing Ihe Tn¢slees' Report the accounts in aco)rdar+ce with 8p2bte law and Unrted TrQngdom Accountsn9 StsrKJards (United Kingdom Generally Afxtpled Actting Prac.). The law applicabk to charities in Sctsvar requires the trustee5 to prepare actounts for each financ?1 year which gNe a true and fair VEW of the stale of affair5 of the Charity and of Ihe inIng resour5 at)d application of resour$ of the Charity for that year. In preparing these acmunts. the trustees arè required to.. . sekct SultaN actounting polxie5 and Ihen appty them coA5i5tenty'. - observe the rnethods and prin0eS in the Charibes SORP.. - makejL¥Jgement5 aad e$lm7ates that are reasonabk and pwdent - stste whether applicab aixountirvj standards have been fOllTh. wbieca to any rnaterial departu$ di5ck)sed and explained in the 8r£ounts". afid - prepare the acc4un¢s ory the going conrn baw nsS it iTrappropriate to pre5urne that the tharity w¢ll continue in operation The tNslees are respwsible for keeping suffiaent acwunb.ng rEcJJrds that£)$e wth r8asonable arxuracy at any time the finanoal posit40n of the Charity and enat4e them to ensure Ihat the accounis cornpty with the Chanbes and Trustee Investment Iscotlandl Act 21x15. the Charibes Attounts IScotLqndl Re9ulab"ons 20C6 las amended) and the provi5ion5 of the trl deed. They are atso responsib for safeguarding the assets of the Charity and hen for tsking reasonab steps for Ihe preventK)n and delecbon of traud and Olher irregulanb.es The law appltsbk to Charit in Engknd and wa rUireS the trustees to prepare finanaal staiernents for each financial year whh give a tr and fair VEW of the stste of offair5 of the Charity and of the incoming resour$ and appliCatn of resour£es of the Charity for Ihat year. In preparing Ihese finantsal 5taternents. the trustees ate required to.. - select suitable accounb.ng policies and then apply them consstenty.. - observe the methods and prinuples in Ihe Chanbes SORP. - make jucJgement5 and esbmates that a aSOnable and pftjdent - state whether applicab accountirvJ standards have been lomowed. sutyct to any material departures dBdosed and explained in the financyal statements. and - prepare the finanal 51atemeTrts on the 90ing conrn basis unss rt k% ifiappropriate to pSUrne that the tharty w¢ll cxjntftue in operation. The Iru5tees are responsib for keeping sufficenl aCUnb9 records that di8dose wrth reasonab ac¢ura¢y al any time the financial position of U)e Charty and enable them to ensure that the financial statements rAmpty Trmth the Challbes Act 2011. the Charity (Accounts Reports) ReguL4b"ons 21J)8 afid the provisKsns of the trust deed. They are also responsibk for safeguardir¥J the awts of the Charity and hert¢e for takir¥J reasonab Steps for the prev8n*on and detecb.on of Irdud artrj other irwuLaritie5.
ST MARY'S CHURCH: HADDINGTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARYS CHURCH: HADDINGTON I report lo the tnistees on my exarnnation of the finanaal statements ol St May's Church.. Haddirgtcn Ithe Charity) for thè year ende¢J 31 DeMer2O24. Re$ponslbllitiès and ba$1$ gf Trport A8 the trustees of the Charity YOJ arts tespon5tJk kr the p¥yratK>Tr of th8 finala1 Wtements in aco)rdan wlth the requ1MentS of the ChariAd 2011. I report in rtspecl of my examinat(Jn of the Charty's finanual statements carried out under secbon 145 of the Charities Act 20t1. In carrying out my examinab.on I have folWed thg Directions gi¥en by the Char¢ty Commi551Qn un¢er sedion 14515llbl of the ChariisAct 2011. Inthpendent eKannerfs ststewx Your attention diawn to faGt that the thaoty has prepa the financial stafrments In actordarKe with the vant version of tho $tarllent of Recormtsnded Pr8¢tice applicable lo thwibes prepamg their finèncial staÈrnenls in accordan with tP.e Finanaal RerKJrtng Standard applicablo in the UK and Republc of Ir•land IFRS 1021 in pIeferen to the Accounts"ng and Rewrtng by Charib"es." Ststernenl ol RecomrreThJed Practi Lssued on 1 Apnl 2005 which is referred lo in the extant reguLqtiors but has Trow been wittrkjrawn. l unders?nd that this has been done in order for the ftt)anoa 5ktements to prmje a anil faw vw in aco)rdants with UK Genéralty Accepted AccouTrliTrJ Pra1th. I have eornpleted my examnabon. I tonfirrn tst no matters have ¢rne to my attention Èn ¢Tre£lTr the exninatkin gwiw me cause to believe that in arty rnaterial aOntg records were not kept in resped of the Charity as wuired by secthon 130 Of Charit¢sAct 2011. the financial statements do not accord wrth Ihose Cords". or the fnanci31 statement5 do nc rMpty with tle 4)plr2b12 requirements contsming the fomi ané contant of linanci81 sts¢ements set out In the Charit$ IAccoun15 anc Reportsl Regulab"ons 2)08 Ihan any rcquietnenl that Ihe finènLyal statements 9t¥e a thje and lair vivw. wrtuch is Dot a mat eonsidpAeO as part of an indopendent 8xaminatK)n. I have no coneems and have c(rne atYOSS no other matters m tt)nne(*on wilh the examinatiDll which attèntion $hoJld be drdwn in this report in order to enaLle a prpper understan(fing of Ihefinancol statements to be reached. Greaves Wesi &Ayr& 8 Si. Ann's Pla( H8ddinglon East Lothian EH41 48S 25Aprl 2025
ST MARY'S CHURCH". HADDINGTON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUP R)R THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Endowment Restricted fund$ frJnds lunds 2024 2024 2024 Total Total 2024 2023 Donation$ and 9¥eS Incorning resour$ from chartable activities Activities for generth.ng funds Investrnent income 72.658 20.267 92.925 78,097 11.175 19.715 11.175 19,715 3.885 30.004 17.633 3.231 Total incorne 107.433 20.267 127.71X) 128,5 Charitable actniib.es 122.498 2.520 125.018 138.281 Net gainsllk)ssesl on inwslments 11 639 639 2.557 Net loutgoingvincoming rexur¢es before transfers 114.426 17.747 3.321 16,7591 Gross transtets beeen fijnds 17.397 117.3971 Net movement rth lund5 2.971 3.321 16,7591 Fund balan$ at 1 JanLWry 2024 49.114 1.551 44.937 95.602 102,361 Fund balances at 31 D•comber 2024 52.085 1.551 45,287 98.923 95,602 The statementof finanoal activities indleS all gain5 arJ h)$8es reo)gntsed the ye8r.Al irtC4yne and expendrtLtre derive from cnfttinu1ts9 aLaiwtE5.
ST MARY'S CHURCH: HADDINGTON BALANCE SHEET AS AT 31 DECEAIBER 2024 2024 2023 Fixed assets ve51rnents Current assets Debtors Cash at bank and in h&nd 13 70.695 70,056 14 4.735 34.746 6.611 32,912 39.481 39.523 Creditors.. amounts falling due wtth one year 1$ 111.2531 113.9771 Net current assets 28.228 25,546 Total assets less cuntnt liabililies 98.923 95,602 fund5 Restriced funds Endowment fun(ts- de¥vJnot&Y 16 17 45.287 1.551 44.93T 1.551 Designated fvnds General vnrestricted ftjnds 18 SS.182 (J.0971 52,845 13,7311 52.085 49.114 98.923 95,602 The company Is entstled tothe exemption from thè audrt requirement C£tad in s8L*on 477 the Companies Ad 20¢. for the yew eThd 31 [mbEr 2024. -. ho Jc=ounls wcrc a rov¢d tr Ihe Trusle-_s on -10-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poficie$ Charity inf¢xrnation Sl Matys Chur(.' Haddingfon 15 a Charity &Jmlni8led in accordance with the tem)s of tha Deed of ConstitulK)n IIAfMlel ConsbtLtl•iI. 1.1 Accounting convenlion financial Statements have been prepared tn accordan ¥Alh the Chartty's govemin9 d¢xument. tha Charitvés Act 2011. FRS 102 Ihe FinaD£yal Reporting Standard a1(ab in the UK and Republic Df Ireknd" arKI the CharttEs SORP "ArrAivnlin9 and Reportng by Charities Ststement of Recornmended Pracb applicab to tharitEs preparin9 their acu)unts in ac£cXdar ith the Finanaal Reporbng Stsndar(I applicab in Ihe UK and Republ of lTrkqThl IFRS 1021". The Charty i8 a Public Benefit Entty as thfined by FRS 102. The Chanty has taken thantage of the provisb)ns in Ihe SORP fr)r charities not to prepare a Statement of t3sh flow5. The finanaal statements are prepa in 5terffftg. whKh 15 the fundional neY of the Charity. Monetsry amounts in these [an¢al ststements are rounded to the nearest £. The financial statements have ttrn prepa¥ed under the hiStOral cost convention. modffied to inckJd• cèrtain financial instruments at fair Ydlue. The pyinapal acct)unts"ng whu.es adopted are set out below. 1.2 Going ¢oncem At the time of approving the finawal statements. the trustees have a 0$onable •xpèctation that the Charity has adequate reSOUs to continue in operational exLStence for Ihe foreseeabb future. Thus the tteeS conUe lo adopt Ihe gng £0M basts of a(tOUntir¥J preparing the financial statements. 1.3 Gharitabl? funds unstn¢led funds a expendable at the disuetion of the trustee5 in ftjrlherartt of the objects of U)e Charity. If parts of the unrestricted fvnds ha¥e been earmarked at the disueth)n of Ihe trustees for a parCular purpose. they are designated as a separate fiJTrl. This designatK)n has an adrnini8trab"¥e purpose only and does not kgalty restrKt the trustees, discretion to appty Ube lund. Restiiltsd lund5 subject to (*ndthns by don0 or grantors as to h¢)w they may be used. The ptsrposes arxl use5 of reslrKted fvnds are set out in the note5 to the financ¢al statements. Endowrnent funds are sut4'e¢t to spets o)nditions by donors that the ¢aprtal must be maintained by th8 Charity. 1.4 Income Incorne is wni5ed when the Charity le9aHy eniiued to rt after any Ferfornlan fX•ndibons have been mel. the amounts £3n be rrÉasured relkibly. and it is probabl• that inccrne will be reNed. Cash dooath?ns are reccgnised on re¢wrt Other donalions are recoJnised On Ihe Chawrty has been notThled of the donation. unless perfomance conditnS require deferral of the amount. Income tax recoverable in tn to donab.ons reNed under GrftAI or deeds of Covenant is recogn¢sed at the b.me of the donation. Lega¢w are recogni%d on recept or otherwise rfthe Chaiity ha5 been notffjed of an impending distributti)n. the amount is known. and f1P1 ts expethd. If the amount is nol knovm. the g4¢Y treated as a c¥)nbn9ent asset. 11
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R)R THE YEAR ENDED 31 DECEMBER 2024 Accountin9 policies Icontinuedl Intr$t ¢t1¥able Interest on fvnds Wd on depos4t iTrduded when YeNab and the am¢yJnt can Èe measured reliably by the Chaity", this is normalty uw)n ntslificathJn of the Inte$t paTrJ or payab by the bank. Donated services and facilit•s t>onated professional ser¥ice5 and donated facilrt¢s are recognised as incomè when the Charity has control over the item. any cOndcS a5soualed Ihe donated have been met. the ceIpt of economic benefit frorn Ihe use by the Chanty of the item is probabse and that econom¢ benefrt can be measured liably. In acoJrdanr wtth the charities SORP the general votyjnteer tme of congregation membe15 i5 nol recogni%ed. On eIpt. donat8d profesy)nal service5 and donated tsulitEs are recogntsed on the basis of value of the gift to the Charity whith i% Ihe amtyjnt Ihe Charity wwkj ha¥e beeft wling to pay to ctslain ser$ or faolilies of equIvant ecnnomic benefft on the open market a corresponding anK)unt L5 then reccgni8ed as expenditure in the perbxl of reoipt. 1.5 ExpendittEre Expenditure is rec(¥JnisEd on an acAyuab basis as the liability is Iur. 1.6 Fix9d a550t inveslrnents Fixed assÈi investtnents are initialty Measu(1 al transaction pri exduding transa¢bon costs. and are subsequenvy Measu at fair value at eath pOrbng date. ch9$ in fair value are re¢ognised in net incomellexpeThlrturel for the year. Transacbon uJ$t$ are eypensed as incAJrred. 1.7 Cash and ¢a$h Èquivzlerts Cash and cash equN81ents indude sh in haTrJ. depo$its hekj at call with banks. other 5hort-tern liquk investments with or¥Jinal MarieS of ihr88 nKsnths or less. ar¥J bznk overdrafts. Bank overdrafts a shown wilhin borrvIngS in wrrenl Iiabilits. 1.8 Finan¢lal in$trurnents The Charily has eed ¢0 appty Ihe provisions of Section 11 'Bas&c Finanraal Instruments. and Sedion 12 'Othei Financk31 Instruments Issues. of FRS 102 to aN of its financyal instruments. Financial lnstrUrrnts are gnised in the Charitys balan sh8et wln the Charlty becunes party to the contraLlual provisions of the instrument. Financial assets and h"abilth"es are off5e¢ ¥filh Ihe net amounts presenteil in the financial 5taternents. wthen there 15 a legalty enforr£abk NJht to Set off the recognised amount5 aThY there 15 an inten"on to seide on a net bas or lo realise Ihe asset and the liabilty swnultaneousty. Ba$K financial assets Basic finan¢4al assets. which Ind debtws arKI cash ar1 bank balans. are initially meawred at transaction pr induding transaction costs and are subwuenyy carried at amorb"5ed cost u&ng the effective interest method unless the arrangernenl rxjnstitutes a financir%J transadion. ere the transacbon is measured at the psent value of Ihe fvhsre ipts dk5LYJUllted at a market rate of interest Finanual asts dassrf as receivab Wth one year are not amori1. 12.
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ae¢ounting policie8 l¢ontinuedl Basic financialliablliliÈ$ Basic finanoal liabilitE5, including ¢ditorS JrKJ bank l)ans a inib.alty cognised at transacon pri unless the arrangement cDnstitules a finanong transaction. the debt instnjment rneasured at the present value of the futu payrnents dtscoynted al a mthel raie of irtterE5t. Financial liabilit$ dassifd as payable vAthin one year are not amogb"sed. Debt ¢nstruments a $ubsequenty carld at amtylised e05L usiThJ Ihe effec interest rate methtyj. Tr•Je tredrtor5 are obligatK)ns to pay fof goods or sem$ thal have been in the ordinary course of operations from Suppliers. Amounts payable are classthed as wirent liabilits rf payment is due wthin one year or less. If not, they are presented as non-curreftl hatslibes. Trade creditors are recogn¢sed inits'ally at transadK)n price and subseqLtenty meawJrEd al arnortised cost uyrpJ the effectNÈ Inte$t rn8thod. Derecognilion of financlallotslilies Finanrial liabilths a dewnssed wn the Chaty'5 contracJal c4)l¥Jth"ons expire or are discharged or Canld. 1.9 Empfoyee benefits The Cost of any unused holbjay enbttwnent is recoynised in the perKxY in whith the em&yee'S servi&s are receNed. Termination benefits a feccgnised immedtety as an expense when Ihe Charity is demonstrabty cL)mmitt8d to temiinate tre employment of an employee or to provhle t8Thinthth benefits. 1.10 Tangible fixed assets The Charity has the ryht to cwjpy use foi it5 charitabk 0tr4ects rtalfi rang$ fixed assets. )dUdIng the Churth. halL% alld manse, ¥ested in Ihe Church of Scofjand General Twstees. No rxJn8ideratK)n 15 payable for Ihe use of these assets. Exndit inurrted on the ¥epair and maintenance of these assets is tharged as resour$ expended in the statsment offiaal adMbe5 in the pemd in the Ikqbilty artses. 1.11 Taxation St Mary's Church is CogniSed as a Charity for the purposes of applicable laxation legislation an¢J 15 therefore not 5ubjeL to tsxation on its charitable aLvrtEs. The Charity is not registered for VAT and resources eypended tfor? Ind1 irreThrable input VAT. Critical accounting estirnatos and lud9•m•nts In the appli¢ab"on of the Charsty's a%)Unts9 poIKies, the tsusÈes a uld io make IjgeMents, estimates and assumpiM)ns about Ihe ¢anyiNJ amount of assets and 1obililE5 that are not readity appareTrt from other sour. The est]rnates and associaied assumptH)ns are based on hssiorical experien and other fadors that a (%)ed to b8 r8knnt Athjal SuS may dfier from these estimates. The estimates and underlying assumptio are revIevd OTh an on90iffj basts. Revisions to accounting estimates are recogntsed in the Friod Fn whh the estimat8 rwsed where the revision affe¢t$ (nly that period. or fvi the pei¥yJ of the rewiSn and ftJlu where Ihe wsion affects tKsth ojrrent and futurè periods 13-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donation8 and lega¢i¢$ Unrestricted Restri¢ted funds funds Totsl 2024 T)tal 2023 OfferiThJs Tax >èted on GfftAid Church of Scotland General Truslees Other voluntary l)me 42.704 12,364 42.704 12.364 t9,917 17.940 48.942 13.381 19.917 17.) 15,774 72.658 20.267 92.925 78,097 Forthe y¢•r ended 31 D•cemb8r 2023 77.9TT 120 78.097 The Central Chufth agreed all dOnatic$ colkcted under the Gmng Day shtyJhJ not be part of ihe rnnistry and missK)t) calajlats.on for luiur8 year5. Incorning resources from ¢haritsble activilies 2024 2023 wding$ and lunerals Fairs and exhbitions Other incorne from Charitab activthies 2.810 7.266 2,790 24.045 3.169 11,175 30.004 Activitie8 forgenerating funits 2024 2023 Use of premises 19,715 17.633 Invesknent in¢rJme 2024 2023 Income from investrnents 3.885 3.231 14-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitsblo activities Support Govemance Costs Costs 2024 2024 Total 2024 Total 2023 Share of support costs Isee nole 81 Share of govemance costs (see rK>te 81 119.216 119.216 5.802 132,050 6.231 5.802 119,216 5.802 125.018 138.281 Analysis by fund un$triCted funds Restricted funds 116.696 2.520 5.802 122.498 2.520 137.980 301 119.216 5.802 125.018 138.281 For th• year ended 31 Dècernber 2023 Unre$tricled funds Restricted funds 131,749 301 6,231 137,980 301 132.050 6.231 138.281 Support costs Support Governance costs Costs 2024 2023 Basis of auocation Salary costs Ministries arKI Missi allrKath)n Presbytery fees Fabnc repairs maintenan Council tax Other buiklmg costs Church offKe expense5 Organ and music Other support rx)sts 6.071 6.071 58.093 1.815 5.810 1.504 36.089 2.995 3.423 3.417 5.699 Support 50,883 Support 929 Support 20,998 Support 2.122 Support 30,060 Support 3.626 Support 2,379 Support 15.354 Support 1.815 5.810 36.089 3,422 3.417 Accouniancy 6,231 Govemanc4 119.216 5.802 125.018 138.281 Analy5ed betren Charitable activibe5 119.216 5.802 125.018 138.281 15-
ST MARY'S CHURCH." HADDINGTON NOTES TO THE FINANCIAL STATEMENTS {cofrrriNUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Trusts•g Dunng the year MneratKyn w& paY to the fdby•mg l$lee services pr¢vkYed DutM"th tsir capacity as Iru61ee £1.16312023 £1LB)) No other tsustse receiv any (èrnuneraw or reinbjrsement of expertses duri)g the year {2023. NorÉl. No trvslee or a p&rwn relaied to a trvstee had any personal interest in afty contraci LY trartsacioTr enlered into by the CIB¥ity duriro the )ear12D23.. )fiel. 10 Employ••s Number of ompbyees The average monthly number Dfemploy8es dwing the yearwa5- 2024 Number 2023 Numb•r Ministerial suppoit stsff Admin¢stralNe •taff Employmnt Costs 2024 2023 Wages and sataries 6.071 5.699 All Churcth of Scoiiand a)ngregaDof6 ionln.bule to Ihe Natiorwl Sb"Tra FuTrJ which bea¥s the sts ol all ini3ters' sbpends and Efnployerb Trfiliibutions for na"0¥ Iran. persion and housiw aThJ lo* tund. Ministers, sli[ndS aro paKI n aA)rdn wtth the natILal stpend scak. whith ia related to year5 of servre. For the year uThJef rLview the mirwrnum sh.11 was £31.642 and the m1Mrn strpond in th& fifth and subsequent Yea of Serv £38.884. There We no empioyegs whose annua renunerabon was£60.000 or more. 11 Net galnsl(losses} on knvestments 2023 Revaluation Itosse$yaaths inve51rnenls 639 2.558 12 Taxation The Charity is exempt Ircffl tayabon on its LEcaLW all its income is appl tor thantsble wrposès. 16-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEM8ER 2024 13 Flxod a$set4n¥estsnents Unlisted in¥estmertts C05t or valuation At 31 tbe( 2023 Valuation charrtjes 70,056 639 At 31 lter2024 70,695 Carrying amount Al 31 ernter 2024 70.695 At 31 08mber 2023 70.056 2024 2023 In¥tstments at fair value uJmpri5e". Church of Scotland Investor5 Trust 11K(e Fund 70.695 70,056 14 Oebtor& 2024 2023 Amourrts falling due within one year. Trade debtors Other debtors 660 4.075 1.870 4,741 4.735 6.611 15 Creditors: amounts lalltng due wtthin one ygar 2024 2023 Other cr¢dibr5 11,253 13,977 17-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 R¢stri¢t¢d fvnd5 The income fvnds of the Charity indude restrided hjnds c¢ffjpri5ing the follwng unexFerhYed balanr$ of donats'ons and grants hold on trust for 8Fery purposes". hloyement in fvnds comiNJ Resources Transfor¥ ource5 expend Balance at 1 J•n¥ary 2K4 Balance at 31 Dec•mb•r Z024 Churcth Fabrt Fund Music in St Marf$ Fund ChoK & Choristers Fund Flower Fund Project Fund Benevolent Fund Young Chu Fur¥J 19.917 12.5201 {17,3971 3.580 1.885 3.456 1.182 27.241 469 7,474 1.635 3.456 1.182 27.241 7.374 44.937 20.267 12,520) 117.3971 45.287 The Churth Fabric Fund represents sums dated kn lh• purp058 0fmaintainfj Chufch buihdings. The Music in St Marfs Fund represenls ftrrKls hehj to puthse rw mus The Choir 8 Choristers Fund repre8ents morey hekl for the Choristers aTrJ Choir. The Fbwer Fund p(¢snts rnoney donated to h provide ficerS for the ser¥w of worship. sc¢ne flowets are later delwered to the dL. bereaveil or housebound. The Project Fund r8pTesents sums receNed from various bOdS ioward Ihe ongoing major ixj1hdg projects. The Benevolefit Fund is hekl for those who fiThJ 0m$eeS in parbcularfy drfficutt situab"ons. The Young Church Fund represents money k1 for the provksion of a Youth Worker and the provi*on of a Summer aThJ Christrnas party. indudiThJ prizes for eThJ ol term. 18-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Endovmient fund$- d084gnatsd These ar8 endowmentfuThJ$ fvnL1s e rna12rial to the Chantyb athibes. Balance at 1 Incomlng R•source8 Balance at 31 January rt$oiirce5 eXpendedDecem1 2024 2024 Choy & Choristets Fund Young Church FurJ 295 1.2SS 1.551 There have been no movwnents on erthwrnentlunds durirwJ the year ended 31 tkcomber 2024. The Chow and Chorister fund preseTrts money he&J fr)rthe Chortsters and Choir. The Young Church repiesents mon8y hebj to use lo en¢IrJe the youThJ group5 working within Ihe Chuith. 18 Dosignated funds The incorne fvnd5 of the Charity indude the following de5ynad funds whK have been set asKJe out ol unrestricted lunds by the trnste for purposes". Bal•n¢è at 31 Decembèr 2024 1 January 2024 rnsourtO8 Jpended Church Wiryjow Fund Flower Fund Historic Buitding Fund 3.829 3,829 3,518 47,835 3.518 49.327 15,1251 52.845 7,462 15.1251 55.182 The Chur( Window Fund 15 mairrtained to record funds 8et asJe for the restOfa"on of churth Wind¢$. The Fbwer Fund rep$¢Thts furtrts èarmarked by the trustees for the provisKTrn of flow8r5. The Histort BuildiNJ Fund represents lunds eaThnarked for the of maintaining and inproving the Sanctuary. 19-
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Anaty8i$ of net assets b8tsMeen funds Unrestri¢t¢d EndovTnent Restricted 2024 2024 2024 Total 2024 Total 2023 Fund balances at 31 December 2024 are representsd by". Investments Cufrent assetglliats"lrfsl 70.695 118.6101 70.695 28.228 70,056 25,546 1.551 45.287 52.085 1.551 45,287 98.923 95.602 20 Rtrlatsd party transacdon$ Many of Ihe Charty Irustees make wuL4r donations throwjhout th8 year, indudtri9 ihrough weekly offerings ¥Mth othèr rnernb8r5 of the Congregation. k such off$ arE not separatdy etstEd il ts not prffjsible to ouantsfy trustee donations. There We no other d40$ab related party transadon$ tluriw the year12023.. Nmel. 21 Volunts•rs In c£smmon all gre9a.cS of the Churd) of Scolland the cx)n9wation benefits from the contribution made by Voluntee who gNe their bme and tsnts willingty for Ihe benefit of the Church. The areas of congregational life which rely on the ujntnbulion of volunteers are many and varied and muc* of the activity would be unable to continue were rt Thot tor the cornmitment shown.
ST MARY'S CHURCH: HADDINGTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 COlltiOnS for Third Partlos 2024 2023 ChiklAid EE Christian Ahy East Lothian Care & Repair East Lothian Fo(MJ Bank East Lothian AayAssociabon Home Start Keep t1 Heid Our Ccfflmunty Kitthen Poppy Scoland 525 318 246 764 388 318 201 318 527 1,868 2,792 23 Funds Held on Behalfol The Congregatlon The folkxwrrfj lunds were hekl by lh8 Churth of So)lJand Genèral Trustees on behalf of th8 0)ngregatKTrn." 2024 2023 ¢on$olidated Fabri¢ Account (Capilall Credit B8n at 31 Decernber 48.832 68,749 Consolidated Fabrlc A¢count{Re¥enuel C1t Balance at 31 Dember 6,463 3.115 -21-
ST MARY'S CHURCH: HADDINGTON DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Donations and legaci08 OfFerings Tax recovered on grft aid olher volunlary incDme Churth ol ScotL7nd 9eneral Injslees IRestsid•dl Olher voluntary InMe IRe51rictedl 42.704 12.364 17.5 19.917 48,942 13.381 15.654 120 92.925 78.097 Activ85 for generating funds Use of premises 19.715 17.633 InvÈ$tmertt in¢om• Incorne from investments 3.231 Incoming resources frorn charitsblÈ adivi¢ie$ Weddings and funeral8 Fairslexhibitsons Other income trorn charitabk acbvltss 2.810 2.790 24.045 3.169 11.175 Tot•1 incorning rosources 127.7OJ 128.965 Charitable activitie8 Support C08ts sha ¢fsupp£Yt Costs Shar8 of supp¢Jrt eA)sls IRestriLaadl 116. 2.520 131.749 301 1119.2161 1132.0501 Governaneè Gosts AoUntanCY 15.8021 16.2311 Revaluation of investsnents 2,557 SurplusllDeficitl fortho Year 3.321 16.7591