CHARITY REGISTRATION NUMBER: SC011368 CONGREGATION NUMBER: 130718 St Nicholas Parish Church, Lanark (Church of Scotland) Unaudited Financial Statements For the year ended 31 December 2025 I.A.STEWART & CO Chartered Accountants The Mechanics Workshop New Lanark ML119DB
St Nicholas Parish Church, Lanark (Church of Scotland) Flnanclal Statements Year endod 31 December 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial positlon Notes to the financial statements 10
St Nicholas Parish Church, Lanark (Church of Scotland} Trustees. Annual Report (witlnu8dJ Year ended 31 December 2025 The Iru51ees present Iheir report and the unaudited financial ststements of the charity for the year ended 31 December 2025. Reference and admlnlstratlve detall8 Registered charfty name Sl Nicholas Parish Church, Lanark (Church of Scotland) SC011368 Charlty registratlon number Principal office Mr Tom Barrie 9 The Berries Kirkfieldbank Lanark ML11 gwr The trustees Mr Tom Barrie (Treasurer) Rev Louise Mackay (Minislerl Mr Tom Mccallum (Session Clerk) Tom Barrie Mary BereY Helen Chekansky Ruth Douglas Irene Dunn Malcolm Ellis Jennifer Forrest Jim Forrest {died 20161251 Eleanor Frame Shirley Gallacher James Gilchrisl lfrom 11181251 Marjory Gilchrisl Jim Giifillan Ifrom 1118125) Bill Groves Bill Love Jim Macinlyre Rev Louise Mackay Mary McAleer (to 1612126) Eleanor Mccallum Tom Mccallum Daniel Mcculcheon (to 1712125) Angus Mclntosh Donald McKenzSe {to 1712125) Margo Murdoch Jane Pillans Kimberley Richardson Neill Richardson Elizabeth Somerville Karen Slewarl Millar Stoddart {died 31110125) David Slrachan Stewart Toy Sandy Wilson Bankers Royal Bank of Scotland 88 High Street Lanark ML11 7ET Indepond8nt examlnor Louise Walson Member of the In8tilule of Chartered Accountants of Scoland l A Stewart & Co The IA8chanics Workshop New Lanark ML11908
St Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report (witsn¢wd? Year ended 31 December 2025 StruGturg5 governance and management Govemlng documènt Slnce 2011 the Congregation has adopted a un+tary ¢onslilution. Accordingly the Kirk Session has the responslbllity for th8 spiritual and tomporal matters of the Congregation. The Kirk Session meets 6 Ilmes a year and is moderated by the minisl8r. The work of the Session is split into several working groups which report back lo the Session. These are R650urGes, Fellowship, Community and Our World and Nurture and Pralse. Recruitment and Appolntment of Trustegs Members of tho Kirk Session are the Gharity trustees. The Kirk Sesslon members are the elders of the Church and are chosen from those members of the Church who are considered lo have the appropriate grfts and skills. The minister, who is a member of the Kirk Session, is elected by the congwgation and inducted by the Presbytery. Organisational Structure The Kirk Session meets six times a year and is moderated by the minister. Certain responsibilities are delegated lo the Fiesources Group as appropriate. Objectlves and aGtlvitios The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorfy God lo work for the advancernenl of Christ's Kingdom throughout the world. As a national church, il acknowledges a distinctive call and duty lo bring the ordinances of religion lo the people in every parish of Scotland throughout a territorial ministry.11 cooperates with other churches in various ecumenical bodies in Scotland and beyond. The vlsion and mission of St Nicholas is to follow Christ's example, lo be a caring Church, central lo the life of the community and thus act as beacon of everything that the Congregation does. Usually worship lakes place in Sl Nicholas every Sunday al 10.30 am and Wednesdays 8t 10.158m. The sacrament of Holy Communion is celebrated 4 limes a year in March, June, September and DeCeMr and al other special occasions throughout the year. A wide range of worship styles can be experienced throughout the year including advenvchristmas refleclNe, holy week. as well as joint ecumenical services with other denominations within the town. 2025 has Ien a positiv& year for St Nicho5as as we have continued lo rebuild relationships and strengthen Ilnks withln thè community, continuing to be a church at the heart of the community. Our community has continued lo flourish as we continue on our mission to be a caring church al the centre of the community- We aim lo sland with people in the joys and sotTOWS of1rf8 and proclalm the gospel of Jesus Christ. In 2025 we continued lo play a huge part in our community while ending the cetebraling our 2SOlh anniversary, enjoying a Gongregalional lunch al Lanark golf Club alongside a floral exhibition displaying festivals and celebrations throughout the Chrlsllan year as well as showing Sl Nicholas throughout the year. Louise and Rev K8w from Greyfrlars Parish Church have also been heavily involved with chaplainGy work al Lanark Grammar school, leading assembliès, class work and helping the pupils and staff navigate bereavem9nb within the school family. The listening ear project was established a few years ago, creating a safe place for students lo ¢om8 and speak with the chaplains about issues, cOnrnS and worries they have.
St Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report {con(Inutrd} Year ended 31 December 2025 ObJectlves and actlvltles (contlnu8d) As well as focusing on the needs of our community, Sl Nicholas is also passionate about reaching out to others across the world. Our Kirk Session sponsor a young boy in South America through the Compassion inilialive, having already helped another boy complete his education in Africa. In 2012 a need was rocognised for helping those who reached a point of feeling that life was no longer worth living. In response lo this need, Hear For You was sel up. The project offers one-to-on8, face-IIFface counselling for those who are contemplating suicide or affected by suicide. Although Hear For You is now an independent charity, it is closely linked with St Nicholas Parish Church who rai58 awareness and help fundraise. The Kirk Session has also agreed to continue to match ftjnd the project wth the 'Go For It, fur from the Church of Scotland. Achlevements and perforniance Our Journey In Worshlp Worship within Sl Nichola5 has blossomed once again following lrfe retuming to normal. Being able lo celebrate all holy festivals together as a church family without reslriclHJn5 has allowed new relationships lo build and fellowship to be strengthened. Sadly, we lost our organist of over 40 years Roy Henderson who dled very suddenly, which left a huge gap in our church family. We have been very lucky to find our new organist Eric Geddes who has brought fresh ideas and new styles of music which has given our worship a new chapter. Communications The church office provides a hub of hard work and information, through the church secretary. Keeping tho congregation aware of decisions and planning is a necossary endoavour, and many leaflets and the church magazine are edited, printed and collated by a willing and able toam, and then distributed by the elders. Thanks are given to everyone involved. People and Groups The fellowship group continued the monthly walking group on Sunday afternoons. A chance for peo8 lo benefit from walking in tho fresh air and enjoy fellowship. They have organised social and ndraising aclivilies. In 2025 we have continued our strong links with the charity Scol baby box appeal who send baby boxes and olheT aid out to Ukraine to provide aid during the ongoing conflict with Russia. This has strengthened links with schools, nursery and the wider community who have been hugely generous in their response to looking to help a war-lorn country. The Church roll al the end of 2025 stood al 374 members. The minister has conducted 2 weddings and 87 funerals in 2025. The Communlty St Nicholas has been th8 inllialor of the Hear For You Group, whlch reaches out and supports prevention of suicide and those affected by suicide. This has seen an increase in calls as we emerged from the Covid pandemic. with many p8ople struggling wllh mental health and the cost of living crisls which appears still lo be on-going. Our commsjnity bereavement groLlP "Good lo Talk" whh offers a space for those in Ihe town and local area who are struggling with grief and loss a safe space to share experiences, has continued to offer regular support.
St Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report (contlnu8dJ Year ended 31 December 2025 Achlevements and perfomianco (¢onllnueil) Other Churchgs In 2025 we worked alongside other churches in town on cNic evonts such as Remembrance Sunday. World day of prayer and Lanark Lanimer kirkin service, as well as hosting an ecumenlcal service to commernorate 1(K) years since VE day. We also strengthen links with Carslairs, Carnwath and Forth Sl Pauls wlth whom we are looking to enter into a parish grouping wthin the midst of the ongoing Presbytery plan. Thanks Thank you to the many offic&bearers who play such an important role in the life of Sl Nicholas. There are, of course. loo many to mention, bul thanks go to the many groups within the Church who all have jobs to do, and carry them out wilhoul complaining,. the conveners of tho groups, and all who contribute in small but very important ways lo the continuing life and wnesS of Sl Nicholas. We are grateful to Tom Mccallum for continuing his role as session clèrk. Flnancial revlew The principal sources of income continue to be offerings, in the fom) of WFO Scheme (Non Gift Aid), Grft Aid. Ordinary Offerings (Open Plalel, and Tax Recovered on Gift Aid. From 2024 10 2025 these offerings increased by £5,567 to £89,221 12024.. £83,654). In addition, the church was grateful to receive a legacy of £21,013 and restricted donations totslling £175,000 for our planned restorallon project. Including the legacy and restricted don8tion8, total income for 2025 was £334,739 {2024.. £129.525). The trustees have designated the legacy to as8lsl th the planned restoration project. Total expgnditure increased from £157,625 in 2024 10 £158,256 in 2025. Costs contlnue lo be monitored closely, including the signfficant heal and light costs idenlrfied in the year. The resulting surplus for the year. prlor to the nel increase in investment value, was £176.48312024- eficit £28,100). Investments recorded an inGrease in value of £7.851, this follows an inuease in value of £6,015 in 2024. The overall surplus for the year was £184.334 compared with a nel deficit of £22,085 last year.
st Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report Icondnued) Year ended 31 December 2025 Resarves pollcy The charlty trustoes havo considered the reserves required and have taken into account their current and future Ilabilities. 11 is the trustees, policy to hold reserves (including designated funds) of at least approxlmately six months expenditure. Al the year end the Church held unrestricted cash funds of £50.97412024'. £49,581) of which £29,16012024: £31,202) had been designated as shown in note 20. The unrestricted fund balance represents about four months expenditure. This is lower than would normally be expected, and the trustees will continue their efforts to keep expenditure to a minimum. whllsl considering thgir option5 for fundraising aclivilies. The Church a150 held £182,974 {2024'. £175,123) of endowment funds and £176,411 (2024.. £1,321) of restricted funds which have been provided for the purposes specified in note 20. Investment policy and porfom)ance The ITUStees invèst surplus funds in vanous Church of Scotland funds. These are Seen as relative risk free investments within the control of the Church that provide some return to the charity. Rlsk management Whilst there are no immediate risks, longer terni the risks are:_ a) the lack of young members resulting in an agelng congregation, bl the resultant loss of income to sUPPOrt our activities as nUrnrg reduce, and c) the move of the Church lo the perlphery of community life. Our Kirk Session will use our existing volunteer resources lo help develop goals and objectives lo address those risks. Plans for future perlods The aim of St Nicholas for the future Is to continue to build on the work we are already doing in our church and community, always remembering thal we aim lo follow Christ's example to be a carlng Church central to the lrfe of Lanark. The Kirk Session is making plans for 2026 to build accessible toilets in the Church, and an Snlernal glass seen lo make Dur services more welcoming and appealing by king more visible. Externally we are planning to repair and repaint the external walls of the Church to improve the appearance of the Church and give more protectlon lo the walls from adverse weather conditions. The Kirk Session gratefully appreciate all the work Garried uul by everyone in our Church family through another difficult year. We recognise that each person brings with them a wealth of gtFts and talents which advance the Church and ultimately God's Kingdom in our community. The Kirk Session appreciates the commitment and vision that Loulse has brought in the last year. Her enthusiasm and leadership have allowed the Church to flourish 2nd look fOard lo worng together in 2026. The minlster is also grateful lo the Kirk Session members for all their hard work and dedication over the past year. Louise appreciates the support and encouragement she is given by the Kirk Session.
St Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report (Gontinuedj Year ended 31 December 2025 Responsibllltles of the Trustees The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounllng Standards (United Kingdom Generally Accepted Accounting Practice). Tha law applicable to charities in Scotland requir6s thè Iruslees to prepare financial slalemellts for each financial year which give a true and falr view of the stale of affairs of the charity and of the incoming resources of the charity for th21 p8rlod. In preparing these financial statgmgnts, the trustees are required to.. select suilatAe accounting policies and then apply them consislenlly. observe the methods and principles of the Charilies SORP,. - make judgements and estimates that are reasonable and prudonl,. slate whether appllcable accounting standards have been followed, subj8Ct to any material departures disclosed and explalned in the financial slalements., prepare the finan¢Lql statements on the going concern basis unless il is inappropriate to presume that the ¢harlty will continue In operation. The tnjslees are responsible for keeping proper accounting records that disdose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial stalemenl8 comply with the Charities and Trustee Investment {Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The knjslees are also responsible for safeguarding Ihg assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities. The Iruslees. annual report was approved on 22 March 2D26 and signed on behalf of the board of trustees by: Mr Tom Mccallum {Session Clerk) Trustee
St Nicholas Parish Church, Lanark (Church of Scotland) Independent Examiner's Report to the Trustees of St Nlcholas Parish Church, Lanark (Church of Scotland} Year ended 31 December 2025 I report to the trustees on my examination of the financial statements of Sl Nichola5 Parish Church, Lanark (Church of Scollandl I'lha charity,) for the year 8nd8d 31 December 2025. Rosponsibilities and basls of report The charity's trustees are responsible for the preparation of the accounts in accordance wlh the lemis of the Charities and Trustee Investment {Scotlandl Act 2005 and the Charities Awounts (Scollandl Regu1211ons 2006. The charity Irusle88 wnsider that the audit requirement of Regulation 10(1 Ila) to Icl of the 2006 Accounts Regulations does not apply. 11 is my responsibility lo examine the accounts as requlred under section 44(11(G) of the Act and lo state whether particular matters have come lo my attention. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for my work, for this report, or for the opinlons I have formed. Indopondent examlngr's statgment Since the charity has prepared ils accounts on an aGcruals basls your examiner musl be a member of body listed in Regulation 11{2} of the Charities Accounts {ScotSandl Regulations 2006 {as amended). I can confirm that l am qualified to undertake the examination because l am a registered member of ICAS which is one of the listed bodies. I hav8 completed my examination. I confirm that no matters have come to my attention glving me cause to believe that in any material respect.. accounting records were not kept 88 required by seGlion 4411)la) of the 2005 Act and Regulation 4 of the Charities Accounts (Scollandl Regulations 2(K)6 las amended).. or the financial statements do not acrd with those records-, or the financial slalements do not comply with the aecountlng Tequiremenls of Regulalton 8 of the Charlties Accounts ISco¥andl Regulations 2006 (a8 amended). I have no concern8 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Louise Watson Member of the Institute of Chartered Accountants of Scotland Independent Examiner l A Stewart & Co The Mechanics Workshop New Lanark ML119DB 23 March 2026
St Nicholas Parish Church, Lanark (Church of Scotland) Statement of Financial Activities Year ended 31 December 2025 2025 Restricted Endowment funds funds Total fund8 Total funds 2024 Unrestricted funds Not Income and endowments Donations and legacies Charitable activiligs Other trading activities Investment incorre Other income 109,144 1,751 38,106 8,168 1,480 176,Og) 285.234 1.751 38.106 8.168 1,480 83,654 2,452 33,994 7,923 1,502 Total income 158,649 176,090 334,739 129,525 Expendituro Expenditure on raising fvnds.. Costs of raising donatioris and legacies Expenditure on charitable activities 417 417 223 10,11 156,839 157.256 1.000 157,839 157,402 157.625 Totsl expenditure 1,000 158,256 Net gains on investments 12 7,851 7,851 6,015 Net Incomel(expendlture) and net movemeni In funds 1,393 175,090 7,851 184,334 {22.0851 Reconclllatlon of funds Total funds brought forward Total funds carrf8d forward 49,581 1,321 176,411 175.123 226.025 248,110 50,974 182,974 410.359 226,025 The slatemenl of financial activities includes all galns and108se8 recognised in the year. All income and expenditure derive from wntinuing aclivilies. The notes on pagej 10 to 23 forni part of thès• fincIal statements.
St Nicholas Parish Church. Lanark (Church of Scotland) Statement of Financial Position 31 December 2025 2025 2024 Note Fixed assets Tangible fixed assets Investments 16 17 3,599 176,281 4.965 168,430 179,880 173,395 Current assets Debtors Cash at bank and in hand 18 31.768 203.489 19,642 37,249 235,257 56,891 Creditors: arnounts falllng due wlthln one year Not currgnt assets 4,778 4,261 230,479 410.359 52,630 Totsl assets less current Ilabllltles 226,025 Net assets 410.359 22e,025 Funds of the charlty Endowmentfunds Reslricled funds Unrestricted funds 182,974 176.411 50.974 175,123 1,321 49,581 226,025 Totsl charlty funds 20 410,359 These financial statements wer8 approved by the board of trustees and authorised for issue on 22 March 2026, and are signed on behalf of the bgard by.. Mr Tom Bale (Treasurer) Trustee r Tom Mccallum Trustee ession Clerk} The notes on p•g•8 10 to 23 forni part of theso ftnanclal Btat¥ments.
st Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Flnanclal Statements Year ended 31 December 2025 Goneral Infom)ation The charity is a public benefit entity and a registerod charity in Scotland and is unincorporated. The address of the principal office is Mr Tom Barrie, 9 The Berries, lfjrkfieldbank, Lanark, ML11 Statement of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, Ihe Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 1021) and the Charilies and Trustee Investment IScotland} Act 2005 and the Charity Accounts {Scotlandl Regulations 2006 las amended). Accounting policias Basis of preparation The financial slatements have been prepared on the historical cost basis, as modhled by the revaluation of certain financial assets measured at fair value through incomÈ or expenditure. The financial statem8nls are prepared in Sterling, which is the funclK)nal currency of the entity. Going concorn There are no material uncerlainkn'es about tho charills ability lo continue. Taxation St Nicholas Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on 11$ charitable activities. The charty is not registered for VAT and expenditure therefore indudes irrecoverable input VAT. Judgements and key sources of estlmation unGortainty The preparation of the financial statements requires the trustees lo make judgements, estimates arvj assumptions that affect the amounts reported. These estlmates and judgements are continually reviewed and are based on experience and other factors. Including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are m2de concerning the future and, by their nature, wll rarely equal the related actual outcome. There are no judgements or estimales expected to have 2 signtFicant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within the next financial year. 10
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financlal Statements (contlnuod) Year ended 31 December 2025 Accountlng pollclBs (Coln8d) Fund accounting Funds are classified 88 ellher restricted funds or unrgstricled funds, d&fin8d as follows. Reslricled funds are funds subject lo specific requirements as lo their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. Endowment funds are funds which have been given on the Gondilion that the original capital Sum Is not reduced, but the income therefrom is used for the purpose defined in accordance wlh the objects of the charity. Unrestricted funds are expendable al the discrelion of the trustees in furtherance of the objects of the charity. If parts of the L¢nrestricted funds are eamarked al the discretion of the trustee5 for a particular purpose, they are designated gs a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretson lo apply the fund. Incomo All income is included in the statement of financial aclivf(ies when entitlement has passed to the charity, It is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reSiably measured. The lollowing speGifiG policies are applied lo particular categories of income.. incorlle fmm donatlons or grants Is recognised when there is evidence of entluement to the grft, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enliuement Is established. income from donated goods is measured al the fair value of the goods unless Ihls is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when ret*ived rf the value can be reliably measured. No amounts are included for the contribution of general volunteer8. inrne from contracts for the supply of services is recognised with the delivery of the contracted service. This is classrfied as unrestricted fiJnd5 unless there is a contractual requirement for it lo be spent on a particular purpose and retumed if unspent, in which case il may be regarded as restricted. Expèndlture Expendllure Is recognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financlal aclivilles lo which it r8lates'. expenditure on raising funds includes the c051s of all fundralslng activities, events, nonwcharllable trading activities. and the sale of donated goods. expenditure on charitable activilles includes all costs incurred by a charity In undertaking aclNilies that further its charitable aims for the benefit of its benéficiaries. including those support costs and Goslg felaling lo the governance of the charity apportioned lo charltable activities. 11
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements (contlnued) Year ended 31 December 2025 Aceountlng pollcles {conelnued) Expondtture (contlnu8dJ other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivilies. Operatlng leases Lease payments are recognised as an expense over the lease term on ? slraighl-line basis. The aggregate benefit of lease incentives is recognised as a reduction lo expense over the lease term, on a slraight-line basis. Tanglble as8et8 Tangible assets are initially recorded at cost, and subsequently ststed al cost less any accumulated depreciation and impairnient losses. The charity has the right to occupy and use for its charitable objects certain tsngible fixed assets, including the Church. halls and manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the statement of financial aclwilies in the period in which thè liability arises. D¢pre¢lation Depreciation is calculated so as to WTile off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. FvAtures and fillings Equipment 200/0 reducing balance 200/0 10 33Yo reducing balance Investments unlist equity inve8tmenls are inltially recorded al cost. and sub$equenUy measured at fatr value. If fair value cannot be reliably meas(Jred, assets are measured al Cost less irnpairrnenl. Listed inv8Stmenls are measured al fair value with changes in fair value being recognised in income or expenditure. Impalrment of flxed assets A revlew for indicators of Impalrment Is carriad out at @ach reporting date, with the recoverable amount being eslimaled wheie such indicators exist. Where the Carrying value exceeds the recoverable amount, the asset is Impaired ac(x)rdingly. Prior impairments are also r8view6d for possible reversal at each reporting date. 12
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements l¢onllnued) Year ended 31 December 2025 Aecountlng pollcles {conllnuod) Flnanclal Instruments A financial asset or a financial liability is fftcognlsed only when the entity becomes a paty lo the contractual provisions of the instrument. Basic financ¢al instruments are initially recognlsed at the amount Teceivable or payable Including any related transaction costs, unless the arrangemenl constrtules a financing transaction, where it is recognised at the present value of the future payments disTr)unled al a market ra16 of interest for a similar d8bt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are sub8equenlly Measured al amortised Gost. Where investments in shares or preference shares are publicty Ir8ded or their fair value can otherwise be measured reliably, the investment 15 subsequently measured al fair value with changes in fair value recognised in income and expendtture. All other such investments a subsequently measured al cosl18ss ImparMent. Financlal assets and investments that are measured st cost or amortlsed cost are revt6W8d for objective evidence of impairment at the end of each reporting dale. If there is otheclive evident of impairment. an impairment loss is recognised under the appropriale heading in Ihe $tatem8nt of financial activities in which the initial gain was recognised. Donatlons andlggacies Unrestricted Funds Restrict8d Total Funds Funds 2025 Donatlons WFO Scheme (non gift aid} Grft Aid Ordinary offerings (open plate) Tax recovered on gfft aid Charities Aid Foundation Donations Flower donations 1,234 53,677 15,034 15,002 459 2,485 1.234 53.677 15.034 20,002 459 172,485 1,130 5,000 170,000 1.090 Legaclgs Legacies 21,013 21.013 Grants Grants recewable 200 200 109,144 176,090 285,234 13
St Nicholas Parlsh Church, Lanark (Church of Scotland) Notes to the Financial Statements (contlnuedj Year ended 31 December 2025 Donations and Iggacies (contlnu6d) Unrestricted Funds Reslricled Total Funds Funds 2024 Donatlons WFO Schem8 (non gift ald) Grft Aid Ordinary offering8 (open plate) Tax recovered on grfl aid Charities Aid Foundation Donations Flower donations 1,838 52,479 9,496 14,208 522 3,151 1,838 52,479 9,496 14,208 522 3,151 1,033 1,033 Logacles Legacies Grants Grants receivable 927 927 82,621 1,033 83,654 Charitablg activities Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Weddings 2nd funerals Choir incorne 1.450 301 1,450 301 1,715 737 1,715 737 1.751 1.751 2,452 2,452 Other trading actlvlties Unreslrlcled Total Funds Unrestiicted Total Funds Funds 2025 Funds 2024 Use of premises PhotopyIng Income Fundraislng events 34.186 21 3.899 34,186 21 3.899 30,594 30,594 3,400 3,400 38,106 38,106 33,994 33,994 Investment Income Unreslrlcted Total Funds Unreststhd Total Fund5 Funds 2025 Funds 2024 Bank interest Other investment Income 957 7.211 957 7.211 712 7,211 712 7,211 8,168 8,168 7.923 7,923 14
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements {¢Ontin¢} Year ended 31 December 2025 Othgr incoTna unrestrted Total Funds Unrestrlcled Total Funds Funds 2025 Funds 2024 Share of Church of Scotland endowment income 1.480 1,480 1,502 1,502 Costs of ra181ng donatlons and legacles Unrestricted Total Fundg Unrestricted Total Funds Furids 2025 Funds 2024 Fundraising costs Offering envelopes 285 132 285 132 91 132 91 132 417 417 223 223 10. Expendlturg on Gharitsblo a¢tlvitlo$ by fund type Unreslricled Funds Restricted Total Funds Funds 2025 Church activities Support costs 155,039 1,800 156,839 1,000 156,039 1,800 1,000 157.839 Unrestricted Funds Restricted Total Funds Funds 2024 Church activities Support costs 154,541 1,800 156,341 1,061 155,602 1,800 157,402 1,061 15
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financlal Statements (c¢Mlinu8dJ Year ended 31 December 2025 11. Analysis of charitable èxp8nditura Aclivltle8 undertaken direcly Support Total funds costs 2025 Total fund 2024 Church activities Governance costs 156,039 156.039 1,800 155,602 1,800 1.800 156,039 1,800 157.839 157,402 2025 2024 Church acllvhie8'. Glvlng to Grow alliKation Presbytery dues Pulpit supply Staff costs Inote 14) Fabric repairs and malntenance Council lax Other bulldings costs Church office expenses Operallng leases Depreciation Legal and professional fees Organ, piano and music Flowers and Christmas decorations Church setvice activities Church organisalions and Sundry Travel and subsistence Bank charges 61.145 1.789 126 31.493 7,043 3,640 29,945 11,114 1,687 1,366 81,066 1,798 140 30,503 21,023 3,437 14,906 8,042 1,812 1,757 4.949 3.160 1.062 1.847 1.001 1,615 584 555 705 1.295 652 156,039 155.602 Support costs have not been allocated as the tnjstees consider there is only one charitable actwity. 12. Net galn8 on Investments Endowment Total Funds Endowment Total Funds Funds 2025 Funds 2024 GainsAosses on revaluation of Investments 7,851 7,851 6.015 6.015 16
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements (contlnued) Year ended 31 December 2025 13. Net In¢omel{expendlture) Net incomellexpendilurel is staled after Chargin{crediting)'. 2025 2024 Depreciation of tangible fixed assets Operating lease rentals Independent examination fees Fees paid to independent examiner for othèr services 1,757 1,812 1,800 1,687 1,800 384 14. Stsff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Other employee benefits 31,243 250 30,253 250 31,493 30.503 AJI Church of Scollané congregations contribute lo the National Stipend Fund which bears the costs of 811 ministers, stipends and employer's contributions for nation21 insurance, ponsion and housing and loan fund. Ministers, stipends are paid in accordance with th8 national stlP8nd scale, which is related to years of service. For Ihg year under review the minimum stipend was £32.433 and the maximum stipend lin the frflh and subsequent years) £39,856. The average head count of employees during the year was 412024.. 4}- No employee received @mployee benefits of more than £60,000 durlng the year (2024.. Nil). 15. Trustee remunerotion and expenses The key manageent personnel are the principal office bearers and are Iruslees of the charity. Trustees re1Ve remuneration from the charity for performing duties associated with the Church and not as Iruslees. K Richardson received £7,820 as Church Secretary 8rKI T BaTrie. a member of the Kirk Session, received an honorarium of £250 for his services as Treasurer during the year. In addillon costs of £3,640 12024.. £3,437) foT Council Tax and £1,207 {2024.. £1,131} for telephone were pald for the manse. During the year no trustee received any expense$12024.' £nill. 17
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Flnancial Statements icondnueil) Year ended 31 December 2025 16. Tanglble fIX assets Fixtures and fittings Equipment Total Cost At 1 Jan 2025 and 31 Dec 2025 1,686 39,583 41,269 Dgpreclatlon At 1 Jan 2025 Charge for the year At 31 Dec 2025 1,476 42 34,828 1,324 36,304 1,366 37,670 1,518 36,152 Carrying amount At 31 Doc 2025 168 3,431 3,599 4,965 Al 31 Dec 2024 210 4,755 17. Invostmonts Other Investmgnt8 Cost or valuation Al 1 Jan 2025 Additions Fair value movements 168,430 7,851 176,281 At 31 Dec 2025 Impalm)ent At 1 Jan 2025 and 31 Dec 2025 Carrying amount At 31 Dec 2025 176,281 168,430 Al 31 Dec 2024 All investments shown above are held al valuation. The following investments are h81d= Cost 2025 Cosl 2024 Value 2025 Value 2024 Chuich of Scotland InvestOTS Trust- Growth Fund General Purposes 6,170 units Bequest 2,755 units Church of Scotland Inv8slors Trust - Income Fund Bequest 14,970 units - Growth Fund Manse Fabric 200 units 1e,823 10,001 16,823 10,001 42,450 18,954 39,364 17,577 99.849 99,849 113.501 110,213 100 100 1,376 176,281 1,276 168,430 Tota 126,773 126,773 18
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Flnancial Statements (condnuo Year ended 31 December 2025 18. Debtors 2025 2024 Prepayments and accrued income Grft Aid tax refund due Other debtors 7,757 13,002 11,009 31,768 2,231 14,208 3,203 19,642 19. Crodltors: amounts falling dug withln one year 2025 2024 Accruals SoGial security and other taxes Other creditors 3,844 12 2,963 1.298 4778 4,261 20. Anatysls of charltable funds Unrestrictgd funds Al 1 Jan 2025 At Transfers 31 Dec 2025 Income Expenditure General Fund Capital Reserve Fund Ministerial IT Equipment Fund Fundraising Fund Choir Fund Sunday Morning Club Fund Bums Supper Fund Designated Restoration Funfj 18,379 23,026 125,291 8,101 1156,983) 34,000 130,000) 20.687 1.127 1.607 4,547 132 1,607 4,476 3,929 301 (4,000) {273) 1,229 661 14 21,013 158,649 21,013 49,581 {157,256) 50.974 At 1 Jan 2024 At Tranafers 31 Dec 2024 Income Expendituro General Fund Capital Reserve Fund Mlnisterial IT Equipment Fund Fundraising Fund Choir Fund Sunday Moming Club Fund Bums Suppar Fund Designated Restoration Fund 10.288 58.218 116,829 7,808 {155.738) 47,000 (43,tK)O) 18,379 23,026 1.607 5.537 130 1,607 4,547 132 3,101 737 191) {735} (4,000} 1,212 661 17 1,229 661 77,653 128,492 (156.564) 49,581 19
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements (condnued) Year ended 31 December 2025 20. Analysls of charitsble funds (conllnuetl) Unrestricted Funds Include Designated Funds. The funds are listed bglow. Excess funds raised In the Fundraising Fund have been transferred to General Funds. Purposas of Unrestrictod Funds General Fund- The Trustees use this fund for the day lo day operation of the Charity. Capital Revenue Fund.. The Trustees have set aside funds for small projects - mainly repairs lo properties Ihal are funded outwith the revenue account. Purposes of Designated Funds Ministerial IT Equipment Fund.. The Trustees have set aside funds for future IT equlpment for the Minister. Fundraising Fund= The Trustees have sel asiée the proceeds from fundraislng events for the ongoing external restoration of the Church property. Choir Fund.. The Trustees have 881 aside funds for use by the Choir. Sunday Morning Club Fund.. The Trustees have sel aside ftjnds for use by the Sunday Morning Club. Burns Supper Fund.. This fund is used lo fund the Bums Supper for the community. Resloralion Fund= The trustees have set aside funds from a 18gacy lo assist with planned building r8sloralion costs. Restrictgd fund8 Al 1 Jan 2025 At Transfers 31 Dec 2025 Income Expenditure Flower Fund Outreach Fund Christmas Lunch Fund Restoration Fund 1,033 1,090 {1,000} 1.123 286 175.000 175,000 176,090 1,321 (1,0001 176.411 At l Jan 2024 At Transfers 31 Dec 2024 Income Expenditure Flower Fund Outreach Fund Christmas Lunch Fund Restoration Fund 1,061 1,033 (1,061 } 1.033 286 286 1.349 1,033 (1,061 } 1,321 20-
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements {¢on&nued) Year ended 31 December 2025 20. Analysls of charitable funds (conUntMI) Purposes of Rg$trlcted Funds Flower Fund.. This is a fund lo provide flowers for display during services of worship, and at other times such as Easter, Hae$l and Christmas. Outreach Fund.. This is a fund to allow the Outreach Group to plan, promote and co-ordinate activities related to helping those In need both in the community and abroad. Christmas Lunch Fund.. This fund is used to fund Christmas lunches for senior citizens. Resloralion Fund.. Thls fund has been established for reslri¢led donations to fund planned restoration. Endowment funds Al 1 Jan 2025 Gains and At losses 31 Dec 2025 Income Expenditure Transfers Growih Fvnd.. General purposes Growth Fund.. Bequest Income Fund= 8equest Growth Fund.. Fabric Cash Fund 39.364 3,086 42.450 17,577 1,377 18.954 110,213 3,288 113.501 1,276 6,693 100 1.376 6.693 175,123 7,851 182,974 Al l Jan 2024 Gains and At losses 31 Dec 2024 Income Expenditure Transfers Growth Fund.. General purposes Growth Fund,, Bequest Income Fund.. Bequest Growth Fund.. Fabric Cash Fund 35,971 3,393 39,364 16,062 1,515 17,577 109,216 110,213 1,166 6,693 110 1,276 6,693 175,123 169,108 6,015 21
St Nicholas Parish Church. Lanark (Church of Scotland) Notss to the Financial Statements {contlnu8dJ Year ended 31 December 2025 20. Analysis of charitablg funds (conunued) Purposes of Expendable Endowment Funds Growth Fund . General PurFX)ses'. Income from the Growth Fund .' General Purposes is to be used for the day lo day operation of the Charlty- Growth Fund Bequest: Income from the Growth Fund '. Bequest is lo be used for the day lo day operation of the Charlty- Income Fund .' Bequest.. Income from the Income Fund Bequest is lo be used for thè day to day operation of the Charity. Growth Fund .. Fabric.. Income from the Growth Fulld .. Fabric is lo be used for the day to day operation of the Charity. Cash fund.. This fund holds the proceeds from the Government Stocks Fund, the income from which was lo be used for the day lo day operation of the Charfty, the Maintenance of the Church, Church Hall and Manse properties, and the Minister's charitable donations. 21. Analysis of net assets between funds Unreslricled Funds Restrscted Endowment Total Funds Funds Funds 2025 Tangible fixed as88ts Invesimenls Current assets Creditors less than 1 year Net a8sgts 3,599 3.599 176,281 235.257 (4,779) 410.358 176,281 6,693 52,153 {4.779) 50,973 176,411 176,411 182,974 Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2024 Tangible fixed assets Inve8tments Current assets Credttors less than 1 year Net assets 4,965 4,965 168,430 56,891 (4,261) 226,025 168,430 6,693 48,877 14,261) 49,581 1,321 1,321 175,123
St Nicholas Parish Church. Lanark (Church of Scotland) Notes to the Financial Statements (con(Inu8d) Year ended 31 December 2025 22. Collectlons for thlrd parties 2(Y25 2024 British Red Cross Poppy Scotland Christian Aid Erskine VE Day 560 724 950 547 2,221 The amounts collected for third parti were paid to the relevant causes during the year. Mot8 Collection8 for third parties never actually belong to the church, nor does the church have any say on how the funds are ultimately utilised, and so they are only listed as a note and neither income nor the 8xpenditure is included in the main body of the accounts. 23. Operatlng lease commitmonts The total future mlnimum lease paymenls under non-cancellable opgraling leases are as follows.. 2025 2024 Not later than 1 year Later than 1 year and not later than S years 1,901 3,326 5,227 5,227 7,128 24. Related parties A lolal of £168,40512024.' £16,765) was donated lo the ConggatIon by the tru8lee$ durlng the y8ar. 25. Volunteors In common with all congregations of the Church of Scotland. the congregation benefits from the contributions made by volunteers who give their Ilme and talents wlllingly for the benefit of the Church. The areas of congregational lrfe which rely on the contribullon of volunteers are many and varied and much of the activity would be unable to continue were it not for the commmment shown. 23