**Charity Reference Number SC011137**
**ST MARTIN’S EPISCOPAL CHURCH EDINBURGH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
**McFADDEN ASSOCIATES LIMITED Chartered Accountants EDINBURGH**
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **CONTENTS**
|**Pages**||
|---|---|
|1|Charity Information|
|2 & 3|Report of the Vestry|
|4|Accountant’s Report|
|5|Statement of Financial Activities|
|6|Balance Sheet|
|7 – 10|Notes to the Financial Statements|
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **Charity Reference Number**
## SC011137
## **Charity Trustees – Members of the Vestry**
John L. Vincent Rector Liz Moir Rector’s Warden Roderick MacKenzie People’s Warden Liz Moir Lay Representative Dana Gilligan Alt Lay Representative Felicity Murdanaigum Vestry Secretary (Non Voting Member) Lynn Dailly Treasurer George South Penny Allen Mai Gorringe Brian Kilbey (Deceased January 2025) Chris Johnson Organist (Non Voting Member) Frank Alexander (Co-opted May 2025)
## **Independent Examiner**
David Stewart 19 Rutland Square Edinburgh EH1 2BB
## **Bankers**
Bank of Scotland 43 Comely Bank Edinburgh EH4 1AF
## **Church Address**
232 Dalry Road Edinburgh EH11 2JG
**Principal Office**
15 Ardmillan Terrace Edinburgh EH11 2JW
1
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **REPORT OF THE VESTRY**
## **YEAR ENDED 31 JULY 2025**
The members of the Vestry present their annual report together with the financial statements for the year ended 31 July 2025.
## **Structure and Governance**
In terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006, the Vestry reports to the congregation as follows:-
1. St Martin’s Episcopal Church is a registered Scottish Charity.
2. It is a member of the Diocese of Edinburgh of the Scottish Episcopal Church and is in full communion with the Anglican Church.
3. The superior authority is the Bishop of Edinburgh.
4. All of its affairs are governed by the Vestry.
## **Appointment of Vestry Members**
Vestry members are elected or appointed by Annual General Meeting established by constitution and under Canon Law of the Scottish Episcopal Church. There is no formal induction programme but ongoing guidance is given to ensure that Vestry members are familiar with the Church’s values, aims and responsibilities as the designated trustees of a charity.
## **Administrative Structure**
It is the duty of the Vestry to manage the temporal affairs of the congregation with responsibility to keep the fabric and property of the Church and other buildings in good working order and to look after the finances of the Church.
## **Statement of Risk**
The Vestry keeps under review the major risks to which the Church is exposed and has established procedures to mitigate any risks identified.
## **Charitable Objectives and Activities**
The Church’s principal activities include public worship in sacrament and prayer, Christian education, charitable work and fund raising for local, national and international needs, social meetings, predominantly of the youth, the elderly and many community groups of all ages.
## **Volunteers**
The Vestry is grateful for the time freely given by a large number of volunteers, without whom many of the activities would be unable to operate.
## **Achievements and Performances**
The Church continues to make its facilities available for use and provide worship for the whole community.
2
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **REPORT OF THE VESTRY (Continued)**
## **YEAR ENDED 31 JULY 2024**
## **Financial Review**
A surplus of £8,857 (2024: deficit £3,575) has been made during this financial year.
## **Trustee Expenses**
None of the Vestry members received remuneration or expenses in respect of their position as Vestry members. However, the Rector received a stipend, pension contributions and occupies the rectory on a rent-free basis with the Council Tax also being paid by the Church.
## **Plans for Future Periods**
The Vestry will continue its range of activities following the Coronavirus pandemic restrictions including continuation of church services, pastoral care of the congregation, any required work at the rectory and looking after the finances.
## **Reserves**
The Vestry has adopted a policy of trying to maintain a level of unrestricted reserves such that, in the event of a significant drop in income, the Church would be able to maintain its current level of activities for a reasonable period until replacement funding is obtained.
## **Statement of the Vestry Members’ Responsibilities**
The members of the Vestry must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year.
The members of the Vestry are responsible for keeping proper accounting records which, on request, must reflect the current financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and / or detection of fraud and other irregularities.
On behalf of the Vestry
## Felicity Murdanaigum
FELICITY MURDANAIGUM Secretary
26 October 2025
3
## **INDEPENDENT EXAMINER’S REPORT TO THE VESTRY OF ST MARTIN’S EPISCOPAL CHURCH FOR THE YEAR ENDED 31 JULY 2024**
I report on the accounts of the charity for the year ended 31 July 2025 which are set out on pages 5 and 6.
## **Respective responsibilities of Vestry Members and Examiner**
The Church’s Vestry members are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and Charities Accounts (Scotland) Regulations 2006. The Church’s members of the Vestry consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In the course of my examination, no matter has come to my attention other than disclosed below
1. which give me reasonable cause to believe that in any material respect the requirements:-
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
- to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
- have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _David Stewart_
DAVID STEWART C.A. 19 Rutland Square Edinburgh EH1 2BB
26 October 2025
4
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025**
|**Note**
INCOME
Donations and Grants
**2**
Investment Income
**3**
Incoming Resources from
Charitable activities
**4**
TOTAL INCOME
EXPENDITURE
Payments for Charitable Activities
**5**
TOTAL EXPENDITURE
NET INCOMING/(OUTGOING) RESOURCES
OTHER RECOGNISED GAINS AND LOSSES
Gains on Investment Assets
NET MOVEMENT IN FUNDS
Balance at 1 August 2024
Balance at 31 July 2025||**2025**
**£**
43,126
2,083
2,642
47,851
42,491
42,491
5,360
3,497
8,857
204,315
213,172||**2024**
**£**
42,840
1,864
3,759
48,463
58,144
58,144
(9,681)
6,106
(3,575)
207,890
204,315|
|---|---|---|---|---|
||||||
5
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
|**BALANCE SHEET**
**AS AT 31 JULY 2025**
**Note**
FIXED ASSETS
Tangible assets
**8**
Investments
**9**
CURRENT ASSETS
Bank and Cash
CREDITORS: Amounts falling
due within one year
NET CURRENT ASSETS
REPRESENTED BY
FUNDS
**10**
Unrestricted Funds
Revaluation Reserve|**2025**
**£**
**£**
66,569
69,498
136,067
77,677
77,767
(662)
77,105
213,172
172,071
41,101
213,172|**2024**
**£**
**£**
66,569
66,001
132,570
72,456
72,456
(711)
71,745
204,315
166,711
37,604
204,315|
|---|---|---|
The accounts were approved by the Board on 26 October 2025.
## John Vincent
JOHN VINCENT Chairman
6
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
- 1 ACCOUNTING POLICIES
## Basis of Preparation of Financial Statements
The accounts are prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2019) and the Companies Act 2006.
## Restricted Funds
Restricted funds are funds subject to specific trusts or conditions which are declared or made by the donor, or with the authority of the donor (e.g. an appeal). All receipts under restriction, and related expenditure, are included in this category.
## Unrestricted Funds
These are expendable at the discretion of the directors in furtherance of the objects of the charity. The Trustees, may from time to time, set aside certain funds for specific purpose into separate designated funds. Such designations carry no legal restriction, and may be changed at the discretion of the directors.
## Incoming Resources
Incoming resources comprise of grant income, donations and other resources. Donations are recognised on a receivable basis, except when donors’ conditions have not been fulfilled, then the income is deferred.
## Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of VAT. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity they have been apportioned across the cost categories on a basis consistent with the use of these resources.
7
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
|2
DONATIONS
Rectory Grant
Pledged Giving
Open Plate
Tax Reclaimed (Gift Aid)
Legacy received
Contributions to Retreat Weekend
Other
3
INVESTMENT INCOME
Interest receivable
Investment Income
4
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES
Other income from
Charitable activities||2025
£
-
30,090
472
6,039
-
-
6,525
43,126
-
2,083
2,083
2,642||2024
£
-
29,190
256
5,917
-
5,247
2,230
42,840
-
1,864
1,864
3,759|
|---|---|---|---|---|
|||
||
|
|||
||
|
8
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
|5
TOTAL RESOURCES EXPENDED
Costs of generating funds
Rector’s Stipend, NIC and Pension
Church and Organ Expenses
Rent
Church Administration
Rectory Repairs
Rectory Rates, Insurance and Cleaning
Church redecoration
Donations to Charities
Retreat Weekend Costs
Miscellaneous Expenses
Quota to Central Funds|2025
£
21,228
2,483
5,400
1,000
1,016
4,629
-
1,120
-
1,565
4,050
42,491|2024
£
21,079
2,720
5,400
1,000
1,929
4,682
3,800
3,932
5,244
4,406
3,952
58,144|
|---|---|---|
## 6 TRUSTEES
None of the Trustees (or any persons connected with them) received any remuneration or reimbursements of expenses during the year (2024: £ Nil).
|7
EMPLOYEES
Number of employees
The average monthly number of employees during
the year was|Number
3|Number
3|
|---|---|---|
9
## **ST MARTIN’S EPISCOPAL CHURCH, EDINBURGH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
|8
TANGIBLE FIXED ASSETS
Property
£
Cost as at 1 August 2024 and 31 July 2025
66,569
9
INVESTMENTS
Valuation at 1 August 2024
66,001
Additions
-
Revaluation in Year
3,497
Valuation as at 31 July 2025
69,498
10
FUNDS
Revaluation
Reserve Unrestricted
£
£
At 1 August 2024
37,604
166,711
Surplus/(Deficit) in Year
3,497
5,360
Revaluation in Year
-
-
At 31 July 2025
41,101
172,071|Total
£
204,315
8,857
-
213,172|
|---|---|
10