OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

REGISTERED CHARITY NUMBER: SC011602

Report of the Trustees and

Audited Financial Statements for the Year Ended 31 December 2024

for

Edinburgh: South East Edinburgh Church

of Scotland

The Grant Considine Partnership Statutory Auditors & Chartered Accountants 46 High Street Banchory Aberdeenshire AB31 5SR

Edinburgh: South East Edinburgh Church of Scotland

Contents of the Financial Statements for the Year Ended 31 December 2024

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Statement of Financial Position 10
Statement of Cash Flows 11
Notes to the Statement of Cash Flows 12
Notes to the Financial Statements 13 to 28
Detailed Statement of Financial Activities 29 to 31

Edinburgh: South East Edinburgh Church of Scotland

Report of the Trustees for the Year Ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and Activities

The Church of Scotland is Trinitarian in doctrine, reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.

The union of the four local congregations to form South East Edinburgh Church of Scotland is underpinned by a covenant agreed by each Local Leadership Team:

• To consider ourselves as one Church - part of Christ's body in South East Edinburgh, acknowledging him as our Saviour and Lord.

• To balance the need for vibrant centres of worship and mission in each of our recognised communities, with the need to share our people and resources for the benefit of the Church's mission to the parish as a whole.

Volunteers

In common with all congregations of the Church of Scotland, the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

On 31st March 2024, the four congregations of Gracemount, Liberton Kirk, Liberton Northfield and Tron Kirk (Gilmerton and Moredun) were united to form South East Edinburgh Church of Scotland (SEECOS).

(previously locum at Liberton Northfield) was employed by SEECOS for a 6-month period from April to September 2024 to support a smooth transition to the new governance arrangements. On 1st November 2024, joined the Ministry Team as a locally funded Diaconal Minister, based at Liberton Northfield and providing strategic leadership for youth initiatives across the SEECOS parish.

A number of working groups were established during 2024 to develop and take forward a parish-wide approach on key aspects of our spiritual and business affairs: Worship; Discipleship; Pastoral care; Youth; World Mission; Finance; Buildings; HR; Communications.

Local missional activities across the SEECOS parish area are taken forward alongside other churches, as part of the "Big Idea" ecumenical church grouping.

There is continuing uncertainty about church buildings. A case demonstrating the missional use of each building as well as its financial footprint is being developed. This will be considered alongside assessments of the condition of each building and a feasibility study for building a new church on the Gracemount land. A decision from Presbytery is expected before the end of 2025.

The halls at the four church sites are used extensively by both church-based and community groups for a wide variety of activities ranging from youth clubs and uniformed organisations to a Senior Citizens Club, Parkinson's Group and various sporting, fitness and art clubs. The Kirkgate Café, run to serve the community, is very popular and extended its opening times in 2024.

Page 1

Edinburgh: South East Edinburgh Church of Scotland

Report of the Trustees for the Year Ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE

Worship

A range of worship styles are incorporated in Sunday services across the parish, with services being conducted at various times across five sites: - Liberton Kirk, Liberton Northfield, Tron Kirk (Moredun), The Hub (Gilmerton) and Gracemount Primary School. "Sunday clubs" and activities for children are also included at each worship site.

A SEECOS-wide gathering takes place on the last Sunday evening of each month. Each of our recognised communities takes a turn to lead or host this meeting.

Regular mid-week services take place across the parish, including services in several local care homes and sheltered housing complexes and special services for the very young, the bereaved and the housebound.

A number of other congregations benefit from being able to hold weekly services of worship in our buildings: - Apostolic Faith Mission (Zimbabwean); Church of Pentecost (Ghanaian); Hebron Christian Assembly (South Indian); Life and Light Gypsy Church; and Living God Church (Filipino).

Discipleship and Fellowship

A course on "Equipping for Leadership", led by , was held between September and November 2024. Around 15 people from across the SEECOS parish attended each week and gave very positive feedback. A further course on "Mission in today's world", led by , was run in January and February 2025. This course was attended by around 35 people from across the SEECOS parish.

The SEECOS annual conference was held at Faith Mission on 9th November 2024 and attended by 68 people.

was the guest speaker leading us in considering the question "How do we share the Good News in a post-Christian society?"

Various local groups have continued to meet through the year, including weekly meetings for prayer, Bible study and fellowship.

Alpha courses are run periodically, across different days, times and sites to maximise accessibility. One of the courses in 2024 was run by the SEECAT (South East Edinburgh Churches Acting Together) ecumenical group and hosted in SEECOS premises.

Service and Outreach

SEECOS works in collaboration with Edinburgh City Mission to run a Foodbank on the Tron Moredun premises each Friday. Preparation involves a significant amount of time, energy and finance, but is a huge blessing to those in need. We also work with Liberton High School to deliver food packages to families they are supporting.

Toastie Tuesday, a joint initiative of SEECOS in partnership with Young Life International, has continued to be hosted at Liberton Northfield during term-time. This weekly event regularly serves lunch to an average of 250 pupils from Liberton High School. SEECOS now also hosts a weekly "drop-in" to give the Liberton High School kids a safe space to relax with friends and to get to know local church volunteers and youth workers.

Summer holiday clubs for primary school children were run at both the Liberton Kirk and the Tron Kirk (Moredun) sites during 2024.

Members of the ministry team are continuing to develop relationships with local schools and community groups e.g. supporting Fairs at Frogston Primary School and Inch House Community Centre.

A number of social events brought community members onto the church sites during the year, including coffee mornings, jumble sales, concerts, family fun days, community lunches and Christmas fairs.

The SEECOS World Mission Team supports Conversation Corner - a welcoming space for international students and other folks from overseas to practice their English conversation skills and make new friends. This is hosted at the Liberton Northfield site and is run in collaboration with Friends International. Over 50 people have attended Conversation Corner with 12-20 usually attending each week.

Page 2

Edinburgh: South East Edinburgh Church of Scotland

Report of the Trustees

for the Year Ended 31 December 2024

FINANCIAL REVIEW

Financial Review

The principal source of regular income comes from donations. This is made up of weekly and monthly offerings which saw a decrease on last year. Additional significant income comes from the charitable activities such as hall lets. There was an overall increase in this value by over 12%.

The total income for the year amounted to £583,082 (2023 £598,028). Total expenditure amounted to £765,903 (2023 £619,275), and Gains on Investments were £45,634 (2023 £36,561). This large increase in expenditure has resulted in an overall deficit of £137,187. A large amount of this is as a result of the ongoing stone work renovations to the Liberton Kirk building. Where appropriate VAT has been reclaimed at 100% under the Listed Places of Worship Grant Scheme at a value of £19,698 (2023 £2,655). All investments are held with either the General Trustees or RBC Brewin Dolphin and were valued at £673,808 (2023 £658,138). At 31 December 2024 total funds (restricted and designated) which are available for various activities including the Kirkgate Café, Foodbank and Youth work amounted to £1,186,439 (2023 £1,249,220).

Reserves policy

The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees' policy to hold reserves of approximately three months' expenditure including designated funds. At the year end the Church held unrestricted funds of £1,396,679 of which £1,058,338 has been designated to various activities and small projects. The remaining balance of £338,341 represents over six months' expenditure. The church also holds £128,101 of restricted funds.

FUTURE PLANS

The main focus of the finance team and the Kirk Session is to manage the transition to the Union. There have been a number of challenges associated with this transition but a focus on procedures, fund management and fund consolidation with be the main focus of 2025.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is an unincorporated charity and is administered in accordance with the terms in the Deed of Constitution (Unitary Form) and subject to the Acts and Regulations of the General Assembly of the Church of Scotland.

Recruitment and appointment of new trustees

Members of the Kirk Session are the charity Trustees. The Kirk Session members are elders of the church who have been elected by Local Leadership Teams to form a balance across the recognised communities within the parish. Elders are chosen from those members of the church who are considered to have the appropriate gifts and skills. The Ministers, who are members of the Kirk Session, are elected by the congregation and inducted by the Presbytery. One of the Ministers serves as the moderator of the Kirk Session.

Organisational structure

South East Edinburgh Church of Scotland operates as a Team Ministry, involving two Ministers (FTMWS), two Ordained Local Ministers (OLM), one Pioneer Minister (MDS), one Deacon and one locally funded ministry post. The Kirk Session meets at least once per quarter and is responsible for overseeing the spiritual and business affairs of the church. Certain responsibilities are delegated by the Kirk Session, as appropriate, to parish-wide working groups or to particular roles, e.g. Treasurer, Safeguarding Co-ordinator. Elders from each of the four congregations that existed prior to their union on 31st March 2024 are members of Local Leadership Teams, which are responsible to the Kirk Session for work in their recognised local communities.

Risk management

The principal financial risks faced by the charity continue to be the sustainability of income generation in the future together with the variable nature of investment income from the equity portfolio which constitutes a major component of our reserves. These are mitigated by closely monitoring expenditure levels, encouraging increased giving through occasional stewardship appeals and retaining expert investment managers who monitor a diversified investment portfolio.

The principal operational risks continue to arise from the operation of the Kirkgate Café and the use of church halls. These are mitigated by ensuring health and safety issues are closely monitored, maintenance of the facilities is kept up to date and insurance covers are regularly reviewed.

Page 3

Edlnbur h: South Egs1 Edlnbu of ScDtlund Churth rt of the TTu4tt5 ror the Year Ended 31 IkLYmber 2112A REFERENCEANDADIIINisfiL¥TIVE DETAIIS Registered Chwrity nurnlxr scoi i(A Con2reg8tion ReteTrnce No: 010133 Prlnclpwl wddres iaFKrton Kirk Kirkgate Edinburgh EH166RX Prlnclpal OffkT-Ixare MIDlslers LOCAI Church l*ders Se551on Ckrk Church TreAsvrer Audltors GrantCon5idirt Partne￿ip Statutory Auditor5 & Charte￿d A¢¢outttsnts 46 High StsLYt Banchory AB315SR Banker5 Bankof Scotla￿1 ca￿￿[0￿ Toll La]y R(wl Edinbur8h EH165PB Inve5trnent ￿lanagerS Brewin Dolph 144 Morrison StRet Edinbw8h EH_3 8BR Tjtk prr)pm a5 IJIrrt￿ Kirk Ha115. 2&30 Kirkga¢e FA11th￿￿h is Irld by ltrusteesl all￿ (Church Trea5urerl l(r c(ngtegatioll. Pa8e 4

Edlnbur h: South Egs1 Edlnbu of ScDtlund Churth rt of the TTu4tt5 ror the Year Ended 31 IkLYmber 2112A cIt4NGE OF NAME rharily Changed its nan to Edinburgh." South Edin1￿[sh Church of Scotlatyj, following of Grdc£mounl Church of Sc(Aland. Edinburgh (SC(MM950). FAlinburgh.. LilrTtsm KÉrk (Church of ScotlarMI) (SCOI1602}. LiEerton Ni)rthfld Parish Church of sC(￿la￿l. Fth"nburgh ISC(M18891). atml Tr￿ Kirk (Gllllrt￿ and Moredun). Fth"nbur8h. Church o[Scotla￿l ISC(KY4274I on 31st Mareh 2024. STA TENIENTOF TRITSTEES. RESPOliSIBILrr1Tr5 tru¥lee% re%p)n%ible foT prepawing Re￿1 of ￿ TnJs¢5 and the r)nancial in conlance with applicabk law aNi United Kingdom Ac£ounting StsndariLs IUnid King&)m &rrrdlty AC￿&d Accounling Practice) includitL8 Financial ReptKtin8 Sthndard 102 Tr Financial Re￿￿tIng S￿￿laT￿ a￿liCable in the UK and Republic of law applicabk w charl￿s in the Charl￿s aod TnLqee IDvesU￿n[ (sc￿dI Aci 2(K)5, ChaTilie$ Accounts IS¢(biJand) Regulaiions 2(th {as amnthdl. ￿ ReguJatM)ns Anent Cong￿gatiOnal FIna￿e 4ippwveA by Gertral Assembly of the Church of s(￿l3[￿J<2(X￿7I and ￿0vIsio￿ of tl charity'% con51ilulioii. TEqUiTrS tru51ecs lo prepare financial statements (or each fina￿￿1 yew which 8ive a a￿1 (air view of stale of affairs of the charity and of the Inc￿1n8 resources and arvlicalion of re%xrLYS. Includ]"n8 the I￿%>￿t and ex￿￿￿"tu￿. of the chan.ty for ￿ri(￿. In preparing those financial sta￿￿￿nts. the s￿ requtred . seleci suithble accountsog FKJlics aThJ aFoly ¢onsisnity; . obierve ￿ methtyjs and win¢iple$ in th Chariiy SORP, - make JUdge￿￿nL￿ a￿1 estiN￿leS thal are fEasonable a￿1 . sta whether applicabk acc(xmtiTh8 StaNlards have been followrd. subFLt to zny matrriaj &pArIU￿ disclosed explained in ￿ fiThancial %tsments'. . prepare the fit)an¢ial ￿an￿nts cffl the 80in8 concern basis unless il is presume the charity will continue in busines& The trustees are [ESP)nSib￿ (or keepin8 wiyer xcounlin8 records whiL dI￿10$e with reasonabk accurdcy al any tiMe the financial position of the charity a￿1 lo enabk them lo ensure that the financial $￿te￿EnL5 comply with the Charilie5 and T￿￿￿. Invesmnt (SC￿land) Act 2(M)5, the Thariiie% Accounis IScot]andi Re8ulaiN)ns 2[￿ la% an￿'n&￿1. Regul￿10￿¥ A￿111 Con8r¢g¥iional Fin8n&r apwoved by the G¢￿141 A￿mb]Y of the Chw¢h of k￿land 121Xlll aThJ the provisions of the ¢hwily'$ COnStiWliom Try also ￿5P)n$tbk f(ff Safegu￿1ng the asseLg ol chan'ly and hetKe tsking reasonable for the ￿eVeni10￿ 9￿j deciion of fraud %￿j other irregutsrit The tru51ees are R5p(xLsible for the mainÈnanLY I￿1 iDWity of any finallcial inf1xm￿1lm on the chariiy's web5ile. A[oroV￿ by ￿thI rfthe board of ¢nL8*es on l Juty 20J aNI si8Kd cm its l%half by: Pa8e 5

Report of the Independent Auditors to the Trustees of Edinburgh: South East Edinburgh Church of Scotland

Opinion

We have audited the financial statements of Edinburgh: South East Edinburgh Church of Scotland (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Page 6

Report of the Independent Auditors to the Trustees of Edinburgh: South East Edinburgh Church of Scotland

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

All audit engagement team members were alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISA's (UK). The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Other matters which we are required to address

The prior period financial statements to year ended 31st December 2023 are not audited, as the charity was not legally obliged to do so.

Page 7

ort ofthe Inde ndent.ludltors to the Trllstees or FAIIDliur h= S()uth FA%t F.dinliur h Churrh of Scotland Use of our roTA)rt rep)rt is math ￿Trkty ¢hariWs as a IKrtty, in xc(ffdance with Regulation 10 of ￿ ClJaTilies AccounL% {ScotJatyJ) RegulalionE 21K￿. Our audii W(wk ha5 t¢en un(krtaken 50 thal we mighi thte ￿ the Charity, truste&s fftalteTS we aTC ￿quiTed to Stale lo tk¥n in an audittKs' and for ￿ other purwK. To tlr fulk5t extent ￿rn]itted ty law, we do not xcept or ￿5￿nsibility to anY￿e other thatl the charity and the charity's trustees as a ￿v. for (y]r au(h"I w(Yk. t￿"8 re[￿rt. f(w dt (yini(MJS we have f(xm ThL' Graiii CuIi%idiIk, P'utllL'r%liip Sthiui(]ry Auditors & CThartaed Eligible to acl as an audiior in tertll5 0( Section 1212 of th ComFwi&s Aci 21X 46 High Strrtt Banchory AB315SR l July 2025 Pa8e 8

Edinburgh: South East Edinburgh Church of Scotland

Statement of Financial Activities for the Year Ended 31 December 2024

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Charitable activities
Other trading activities
4
Investment income
5
Other income
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Charitable activities
Other
Total
Net gains on investments
NET
INCOME/(EXPENDITURE)
Transfers between funds
20
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds
£
346,286
79,111
70,558
26,118
-
522,073
2,894
666,824
24,906
694,624
42,069
(130,482)
(9,264)
(139,746)
1,536,425
1,396,679		 Restricted
funds
£
56,432
-
1,521
3,056
-
61,009
816
70,397
66
71,279
-
(10,270)
9,264
(1,006)
129,107
128,101		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
3,565
3,565
-
3,565
74,397
77,962		 2024
Total
funds
£
402,718
79,111
72,079
29,174
-
583,082
3,710
737,221
24,972
765,903
45,634
(137,187)
-
(137,187)
1,739,929
1,602,742		 2023
Total
funds
£
410,429
70,591
86,038
21,742
9,228
598,028
3,293
602,546
13,436
619,275
36,561
15,314
-
15,314
1,724,615
1,739,929

The notes form part of these financial statements

Page 9

Edlnbur h: South Egs1 Edlnbu of ScDtlund Churth Statenknt of frinaDeial P05itioD 31 Decern￿r 2024 2023 fund5 FL¥ED ASSETS Tangible asTe¢s Investt￿nts 15 16 371.269 377.269 775.585 658 138 .051.077 1,033.723 CURRENT A￿ETs 17 18 38.326 2,298 552 38,878 3,147 18.586 6.688 Investmen Cash ai bank and in hMI 43( 131.922 11,494 579.499 723257 CRF.DITORS Amounts f¥liin8 du¢ withiTh year 19 I24￿)3) (3.821) (27,8341 117,051) NET CURRF.NT A&SFT8 LURKENT LI.4BILITIES lJ96ffj79 128.101 77,962 I,fA)1742 1.7J9,929 NEf ASSE75 Unrestri¢d fut¥J8 Rcstrictcd fuThJs Endowmthi fuThJs l J96,679 128.101 lJ36.425 129.107 TOTAL FUNDS rithancial 5ta*ments weye amroved by the B￿d of Trustees attd auttM)rised i55ue ott l Juty 2)25 wtte st8￿d on its b￿￿1r by: Page io

Edinburgh: South East Edinburgh Church of Scotland

Statement of Cash Flows for the Year Ended 31 December 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Investment funds movement
Interest received
Dividends received
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
(219,420)
(219,420)
(3,768)
(54,602)
84,566
3,541
12,555
16,619
58,911
-
-
(160,509)
697,983
537,474		 2023
£
(38,316)
(38,316)
-
-
3,672
6,687
6,258
15,484
32,101
704,198
704,198
697,983
-
697,983

The notes form part of these financial statements

Page 11

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Statement of Cash Flows for the Year Ended 31 December 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Interest received
Dividends received
Increase in debtors
Increase in creditors
Net cash used in operations		 2024
£
(137,187)
2,084
(45,634)
(12,555)
(16,619)
(20,292)
10,783
(219,420)		 2023
£
15,314
6,208
(36,561)
(6,258)
(15,484)
(18,586)
17,051
(38,316)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£ £ £
Net cash
Cash at bank and in hand 697,983 (160,509) 537,474
697,983 (160,509) 537,474
Liquid resources
Deposits included in cash - - -
Current asset investments 6,688 (3,541) 3,147
6,688 (3,541) 3,147
Total 704,671 (164,050) 540,621

The notes form part of these financial statements

Page 12

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Edinburgh: South East Edinburgh Church of Scotland is a Scottish Unincorporated Charity and is registered in Scotland. The charity's registered number and principal address can be found in the Reference and Administration Details section of the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donated services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is the recognised as expenditure in the period of receipt.

Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Investment income is included when receivable.

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Grant income is recognised when there is reasonable assurance that the charity will comply with any conditions attached to the grant and the grant will be received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

continued...

Page 13

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Expenditure

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

The charity has the right to occupy and use for its charitable objects certain fixed assets, including churches and manses, 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 expenditure in the Statement of Financial Activities in the period in which the liability arises.

All tangible fixed assets costing in excess of £2,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Plant and machinery - 25% on cost

Buildings have not been depreciated as the Trustees are confident that the current market value of the property is greater than cost.

Any gain or loss arising from the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amount of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Taxation

The charity is exempt from tax on its charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.

Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purposed defined in accordance with the objects of the charity.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

The charity contributes to a defined contribution pension scheme for all employees who have elected to participate. The assets of the schemes are held separately from those of the charity in an independently administered fund.

continued...

Page 14

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

They are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Investments

Fixed Asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.

Going Concern

The trustees consider that the charity has adequate resources to continue in existence for at least the next 12 months. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

3.

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
Grants
Rental from TryPraying
Flower Fund		 2024
£
316,334
61,366
2,000
21,813
700
505
402,718		 2023
£
313,306
61,918
16,000
14,689
4,200
316
410,429

Grants received, included in the above, are as follows:

Faith Nurture Forum
Corra Foundation
Hope Trust
Listed Places of Worship
Warm Hub
Church of Scotland		 2024
£
146
-
-
19,698
847
1,122
21,813		 2023
£
3,246
5,250
2,500
2,583
1,110
-
14,689

Page 15

continued...

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

4.
OTHER TRADING ACTIVITIES
Fundraising events
Hall Lets
Misc Income
5.
INVESTMENT INCOME
Other fixed asset invest - FII
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Weddings & Funerals
Charitable activities
Church Magazine
Charitable activities
Cafe
Charitable activities
Toastie Tuesday
Charitable activities
7.
RAISING FUNDS
Investment management costs
Portfolio management
Administrative expenses		 2024
£
-
65,575
6,504
72,079
2024
£
16,619
12,555
29,174
2024
£
1,902
901
72,456
3,852
79,111
2024
£
3,601
109
3,710		 2023
£
3,201
80,055
2,782		 2023
£
3,201
80,055
2,782

86,038

2023
£
15,484
6,258

21,742

2023
£
2,673
2,922
58,406
6,590

70,591

2023
£
2,983
310
3,293
3,293

Page 16

continued...

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

8. CHARITABLE ACTIVITIES COSTS

Charitable activities
9.
GRANTS PAYABLE
Charitable activities
The total grants paid to institutions during the year
Syria Appeal
Other Churches
Poppy Scotland
Waldensian Mission
Scottish Bible Society
Comfort International
Rutune Village
Big Idea
Compassion UK
Corra Foundation
10.
SUPPORT COSTS
Other resources expended		 Direct
Costs
£
733,934
was as follows:		 Grant
funding of
activities
Support
(see note
costs (see
9)
note 10)
£
£
3,287
-
2024
£
3,287
2024
£
-
-
100
350
350
350
350
150
56
-
1,706
Governance
Finance
costs
£
£
911
24,061		 Totals
£
737,221
2023
£
13,322
2023
£
300
3,512
-
-
-
-
-
-
-
9,060

12,872

Totals
£
24,972

continued...

Page 17

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

11. AUDITORS' REMUNERATION

AUDITORS' REMUNERATION
2024 2023
£ £
Fees payable to the charity's auditors for the audit of the charity's financial
statements 6,600 -
Other assurance services 5,400 4,002

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Several members of the Kirk Session received remuneration on account of their employment in the year. (OLM) received £8,320 (2023: £8,060), (Associate) received £9,721 (2023: £NIL), and (Deacon) received £6,481 (2023: £NIL).

Trustees' expenses

During the year, Ministers , who are trustees/associates, received reimbursement of expenses incurred totalling £6,613. In the previous year, Ministers , and , who were trustees/associates, received reimbursement of expenses incurred totalling £8,185.

During the year a total of £21,112 (including gift aid) was donated to the congregation by trustees. In the previous year, £93,147 (including gift aid) was donated to the various congregations by trustees.

13. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
169,374
4,927
5,610
179,911		 2023
£
135,644
657
2,987
139,288

The average monthly number of employees during the year was as follows:

Ministerial support
Administration
Music staff
Youth worker
Other		 2024
2
1
2
2
5
12		 2023
1
2
1
2
5
11

No employees received emoluments in excess of £60,000.

All Church of Scotland congregations contribute to the National Stipend Fund which bears the cost of all ministers' stipends and employer's contributions for national insurance, pension and house and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend (in the fifth and subsequent years) £38,884.

continued...

Page 18

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
338,431
71,998
Charitable activities
Charitable activities
70,318
273
Other trading activities
85,116
922
Investment income
18,241
3,501
Other income
9,228
-
Total
521,334
76,694
EXPENDITURE ON
Raising funds
2,702
591
Charitable activities
Charitable activities
513,133
89,413
Other
13,417
19
Total
529,252
90,023
Net gains on investments
33,237
-
NET INCOME/(EXPENDITURE)
25,319
(13,329)
Transfers between funds
(6,816)
6,816
Net movement in funds
18,503
(6,513)
RECONCILIATION OF FUNDS
Total funds brought forward
1,517,922
135,620
TOTAL FUNDS CARRIED FORWARD
1,536,425
129,107		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
3,324
3,324
-
3,324
71,073
74,397		 Total
funds
£
410,429
70,591
86,038
21,742
9,228
598,028
3,293
602,546
13,436
619,275
36,561
15,314
-
15,314
1,724,615
1,739,929

continued...

Page 19

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

15. TANGIBLE FIXED ASSETS

COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Buildings
£
370,971
-
370,971
-
-
-
370,971
370,971		 Plant and
machinery
£
40,994
3,768
44,762
36,380
2,084
38,464
6,298
4,614		 Totals
£
411,965
3,768
415,733

36,380
2,084
38,464

377,269

375,585

16. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2024 658,138
Additions 54,602
Disposals (87,440)
Revaluations 48,508
At 31 December 2024 673,808
NET BOOK VALUE
At 31 December 2024 673,808
At 31 December 2023 658,138

Investment assets comprise listed investments and are held primarily to provide an investment return for the charity. Approximately 8% of assets are invested in global bonds, 16% in UK bonds, 40% in global equity, 16% in UK equity, 8% in global absolute returns, and 10% unclassified funds, with the balance of 2% in cash.

Cost or valuation at 31 December 2024 is represented by:

Listed
investments
£
Valuation in 2024 673,808

Fixed asset investments were valued on an open market basis on 31 December 2024 by RBC Brewin Dolphin and Church of Scotland - General Trustees.

continued...

Page 20

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Listed Places of Worship VAT
Prepayments and accrued income
18.
CURRENT ASSET INVESTMENTS
Brewin Dolphin Funds
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 2024
£
3,277
-
19,698
15,903
38,878
2024
£
3,147
2024
£
2,903
3,134
21,797
27,834		 2023
£
-
1,675
2,655
14,256

18,586

2023
£
6,688
2023
£
-
1,527
15,524
17,051

continued...

Page 21

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

20. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Benevolent fund
Fabric fund
Parish Youth
M Gibson Bequest
Toastie Tuesday
Social Fund
Manse Fabric
Bridges to Freedom
Christine Seaton Legacy
Donations/Legacies UNR
Grace Gemmell Legacy
Helen Geddes Legacy
Kirkgate Cafe
Property Reserve
Tron OLM Salary
Senior Citizens
Restricted funds
Outreach fund
Benevolent
Food Bank
Young People
Murrie Legacy for Hymn Books
Other Restricted Items
Ann L Comrie Legacy Income under
Restricted
R Davidson Legacy Income under
Restricted
Manse Fabric Fund
Donations/Legacies RES
Flower Fund
Guild
Mission Fund
Organ Fund
Covid Memorial
TOR Donation
Endowment funds
Ann L Comrie Legacy
R Davidson Legacy
TOTAL FUNDS		 At 1.1.24
£
416,312
1,224
1,373
3,537
12,400
733
421
45,037
10,250
66,827
147,911
257,583
164,477
37,369
370,971
-
-
1,536,425
890
6,228
7,421
26,859
37
1
-
-
54,250
8,229
4,093
2,671
824
17,604
-
-
129,107
64,397
10,000
74,397
1,739,929		 Net
movement
in funds
£
(46,967)
(30)
2,153
(4)
1,170
352
188
3,788
(200)
(121,898)
7,109
17,489
5,700
7,557
-
(8,459)
1,570
(130,482)
(698)
335
1,766
(13,028)
(37)
-
938
362
889
274
(311)
17
778
1
(4,409)
2,853
(10,270)
3,565
-
3,565
(137,187)		 Transfers
between
funds
£
(31,004)
-
-
-
-
-
-
-
-
75,635
(80,044)
(4,855)
-
-
-
31,004
-
(9,264)
-
938
-
4,370
-
-
(938)
-
-
-
-
-
-
485
4,409
-
9,264
-
-
-
-		 At
31.12.24
£
338,341
1,194
3,526
3,533
13,570
1,085
609
48,825
10,050
20,564
74,976
270,217
170,177
44,926
370,971
22,545
1,570
1,396,679
192
7,501
9,187
18,201
-
1
-
362
55,139
8,503
3,782
2,688
1,602
18,090
-
2,853
128,101
67,962
10,000
77,962

1,602,742

continued...

Page 22

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Benevolent fund
Fabric fund
Parish Youth
M Gibson Bequest
Toastie Tuesday
Social Fund
Manse Fabric
Bridges to Freedom
Christine Seaton Legacy
Donations/Legacies UNR
Grace Gemmell Legacy
Helen Geddes Legacy
Kirkgate Cafe
Tron OLM Salary
Senior Citizens
Restricted funds
Outreach fund
Benevolent
Food Bank
Young People
Murrie Legacy for Hymn Books
Ann L Comrie Legacy Income under
Restricted
R Davidson Legacy Income under
Restricted
Manse Fabric Fund
Donations/Legacies RES
Flower Fund
Guild
Mission Fund
Organ Fund
Covid Memorial
TOR Donation
Endowment funds
Ann L Comrie Legacy
TOTAL FUNDS		 Incoming
resources
£
395,492
-
3,850
3
-
3,852
622
613
-
21,389
9,563
7,640
5,700
71,779
-
1,570
522,073
-
600
23,730
18,116
-
1,754
362
890
2,205
530
4,724
2,480
-
1,618
4,000
61,009
-
583,082		 Resources
expended
£
(467,175)
(30)
(1,697)
(7)
-
(3,500)
(434)
(375)
(200)
(143,287)
(2,454)
(2,784)
-
(64,222)
(8,459)
-
(694,624)
(698)
(265)
(21,964)
(31,144)
(37)
(816)
-
(1)
(1,931)
(841)
(4,707)
(1,702)
1
(6,027)
(1,147)
(71,279)
-
(765,903)		 Gains and
Movement
losses
in funds
£
£
24,716
(46,967)
-
(30)
-
2,153
-
(4)
1,170
1,170
-
352
-
188
3,550
3,788
-
(200)
-
(121,898)
-
7,109
12,633
17,489
-
5,700
-
7,557
-
(8,459)
-
1,570
42,069
(130,482)
-
(698)
-
335
-
1,766
-
(13,028)
-
(37)
-
938
-
362
-
889
-
274
-
(311)
-
17
-
778
-
1
-
(4,409)
-
2,853
-
(10,270)
3,565
3,565
45,634
(137,187)

continued...

Page 23

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Benevolent fund
Fabric fund
Parish Youth
M Gibson Bequest
Toastie Tuesday
Social Fund
The Fellowship
Manse Fabric
Bridges to Freedom
Christine Seaton Legacy
Donations/Legacies UNR
Grace Gemmell Legacy
Helen Geddes Legacy
Kirkgate Cafe
Property Reserve
Reserve
Restricted funds
Outreach fund
Benevolent
Norman W McMillan
Food Bank
Young People
Murrie Legacy for Hymn Books
Other Grants
Other Restricted Items
Ann L Comrie Legacy Income under
Restricted
R Davidson Legacy Income under
Restricted
Manse Fabric Fund
Donations/Legacies RES
Flower Fund
Guild
Mission Fund
Organ Fund
Covid Memorial
Endowment funds
Ann L Comrie Legacy
R Davidson Legacy
TOTAL FUNDS		 At 1.1.23
£
328,118
972
5,472
3,537
11,486
418
261
-
42,329
7,750
95,370
138,024
249,646
161,421
34,880
370,971
67,267
1,517,922
500
7,166
5,220
14,294
16,807
490
3,810
1
-
3
53,294
8,733
4,147
2,355
1,648
17,152
-
135,620
61,073
10,000
71,073
1,724,615		 Net
movement
in funds
£
15,628
252
251
-
999
315
(48)
(28)
2,708
2,500
(28,543)
13,313
12,456
3,056
2,460
-
-
25,319
390
(1,871)
(5,220)
(6,873)
5,985
(453)
(3,810)
-
933
(3)
956
(504)
(104)
1,466
(795)
-
(3,426)
(13,329)
3,324
-
3,324
15,314		 Transfers
between
funds
£
72,566
-
(4,350)
-
(85)
-
208
28
-
-
-
(3,426)
(4,519)
-
29
-
(67,267)
(6,816)
-
933
-
-
4,067
-
-
-
(933)
-
-
-
50
(1,150)
(29)
452
3,426
6,816
-
-
-
-		 At
31.12.23
£
416,312
1,224
1,373
3,537
12,400
733
421
-
45,037
10,250
66,827
147,911
257,583
164,477
37,369
370,971
-
1,536,425
890
6,228
-
7,421
26,859
37
-
1
-
-
54,250
8,229
4,093
2,671
824
17,604
-
129,107
64,397
10,000
74,397

1,739,929

continued...

Page 24

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

20. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Benevolent fund
Fabric fund
M Gibson Bequest
Toastie Tuesday
Social Fund
The Fellowship
Manse Fabric
Bridges to Freedom
Christine Seaton Legacy
Donations/Legacies UNR
Grace Gemmell Legacy
Helen Geddes Legacy
Kirkgate Cafe
Restricted funds
Outreach fund
Benevolent
Norman W McMillan
Food Bank
Young People
Murrie Legacy for Hymn Books
Other Grants
Ann L Comrie Legacy Income under
Restricted
R Davidson Legacy Income under
Restricted
Manse Fabric Fund
Donations/Legacies RES
Flower Fund
Guild
Mission Fund
Covid Memorial
Endowment funds
Ann L Comrie Legacy
TOTAL FUNDS		 Incoming
resources
£
419,729
700
4,200
85
6,590
139
-
774
2,500
1,890
16,353
6,912
3,056
58,406
521,334
390
273
-
16,011
33,372
-
5,250
1,523
259
955
764
630
4,636
1,393
11,238
76,694
-
598,028		 Resources
expended
£
(425,712)
(448)
(3,949)
-
(6,275)
(187)
(28)
(841)
-
(30,433)
(3,040)
(2,393)
-
(55,946)
(529,252)
-
(2,144)
(5,220)
(22,884)
(27,387)
(453)
(9,060)
(590)
(262)
1
(1,268)
(734)
(3,170)
(2,188)
(14,664)
(90,023)
-
(619,275)		 Gains and
Movement
losses
in funds
£
£
21,611
15,628
-
252
-
251
914
999
-
315
-
(48)
-
(28)
2,775
2,708
-
2,500
-
(28,543)
-
13,313
7,937
12,456
-
3,056
-
2,460
33,237
25,319
-
390
-
(1,871)
-
(5,220)
-
(6,873)
-
5,985
-
(453)
-
(3,810)
-
933
-
(3)
-
956
-
(504)
-
(104)
-
1,466
-
(795)
-
(3,426)
-
(13,329)
3,324
3,324
36,561
15,314

Page 25

continued...

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

20. MOVEMENT IN FUNDS - continued

Purposes of Designated Funds

Benevolent Fund : Set up on 11 May 2017 to provide funds for needy members of the local community at the discretion of the Church Leader.

Fabric Fund : Funds for repair and maintenance.

Parish Youth : The trustees use this fund to meet the costs of employing a part-time Family Worker, and other associated costs. M Gibson Bequest : The trustees have such funds invested, and the income arising is allocated to the General Fund.

Toastie Tuesday Fund : This is used for this specific initiative.

Social Fund : This fund, created using the surplus from the 150th Anniversary celebrations, is earmarked for future social events.

Manse Fabric Fund: The Trustees hold invested funds designated for the maintenance of the Manse. Bridges to Freedom Fund : This is a partnership with Bethany Christian Trust to help people in the South East Edinburgh who are wrestling with addiction.

Christine Seaton Legacy : legacy left without purpose specified. At the Kirk Session's discretion 10% was donated to daughter Churches. Of the remainder 50% has been allocated towards building requirements and 50% has been allocated for mission and outreach (including to children and youth families) within the local community.

Unrestricted Donations: the trustees use unspecified donations to purchase extraordinary items of equipment required from time to time.

Grace Gemmell Memorial : the trustees use 90% of the dividends from the shares purchased to fund part of the salary of the Youth worker, with the remaining 10% being transferred to the Organ fund.

Helen Geddes Legacy : legacy left without purpose specified. At the Kirk Session's discretion 50% has been allocated towards building project requirements with the remainder to be used for mission and outreach within the local community.

Café Fund : this is a fund for the provision of a café which caters for fellowship and outreach. Property Fund : this fund represents the cost of the halls owned by the congregation.

Reserve : The reserve fund consists of reserves held for the general expenditure of the Church. Tron OLM Salary: this is a fund for salary for Janet Mackenzie.

Senior Citizens: this is funds for senior citizens club.

Purpose of Restricted Funds

Outreach Fund : This fund was renamed from Salary Fund. This fund remains restricted for community outreach.

Benevolent Fund: this is a fund for the benefit of the poor, given at the Minister's discretion. Food Bank (Basics): To provide food and supplies for people in the community.

Young People : Fund for work with young people and children.

Murrie Legacy : To provide hymn books and music for the congregation. Manse Fabric Fund : donations given towards major fabric projects.

Restricted Donations : this is a fund for donations or legacies given with a purpose specified by the donor, and used solely for those purposes.

Flower Fund : this fund provides flowers for services in the Church and also a tree at Christmas. Guild: Club for Church and non-Church members.

Mission Fund : this is a fund used for Missions, whether at home or abroad. Organ Fund : this is a fund to provide for the future replacement of the organ. Covid Memorial Fund : this fund is for a covid memorial. TOR Donation : this is a fund for lunch club for elderly.

Purpose of Endowment Funds

Ann L Comrie Legacy : net income to be used for benevolent purposes only and is transferred to the Benevolent Fund annually.

R Davidson Legacy : income to be used for general purposes and is traditionally donated to the local Senior Citizens Club.

Page 26

continued...

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

20. MOVEMENT IN FUNDS - continued

Transfers between funds

There has been £80,044 transferred out of Unrestricted Donations to cover the Christine Seaton Legacy Fabric element and the Covid fund.

There was a £31,004 transfer from General Funds to OLM Salary made in Tron Kirk from the Investment disposal.

The Grace Gemmell profits (dividends less investment fees) have been calculated as £4,855, with 90% transferred to Young People and 10% to Organ Fund.

The Ann Comrie profits (dividends less investment fees) have been calculated as £938, with this amount being transferred to the restricted Benevolent fund.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year, other than those disclosed under trustee remuneration and expenses.

22. PRE/POST MERGER ANALYSIS

The group's financial statements are prepared in accordance with FRS 102. For business combinations within the group, merger accounting has been applied as permitted by FRS 6 and FRS 102. On 31st March 2024, four charities were merged, including;

Gracemount Church of Scotland, Edinburgh (SC004950), 45 Gracemount House Drive, Edinburgh, EH16 6FD, Edinburgh: Liberton Kirk (Church of Scotland) (SC011602), Kirkgate, Edinburgh, EH16 6RX,

Liberton Northfield Parish Church of Scotland, Edinburgh (SC008891), 280 Gilmerton Road, Edinburgh, EH16 5UR, and

Tron Kirk (Gilmerton and Moredun), Edinburgh, Church of Scotland (SC009274) 6-8 Craigour Gardens, Edinburgh, EH17 7NX.

All of the charities assets, liabilities, and funds have been merged as if they have always been a part of the same entity, the comparative amounts for 2023 have also been presented on the same combined basis, ensuring a consistent view of the merged charity's financial position over time. Restricted funds have continued to be presented separately in the accounts of the merged charity.

Analysis of principal Statement of Financial Activities components for the current reporting period

Gracemount
(pre-merger)		 Liberton
Northfield
(pre-merger)		 Tron Kirk
(pre-merger)		 Liberton
Kirk
(pre-merger)		 SEECOS
(post-merger)		 Combined
total
£ £ £ £ £ £
Total income 4,583 7,779 19,169 105,388 446,163 583,082
Total expenditure 5,395 13,288 21,925 119,225 606,070 765,903
Net (812) (5,509) (2,756) (13,837) (159,907) (182,821)
Other gains/(losses) - - - - 45,634 45,634
Net movement in funds (812) (5,509) (2,756) (13,837) (114,273) (137,187)

continued...

Page 27

Edinburgh: South East Edinburgh Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

22. PRE/POST MERGER ANALYSIS - continued

Analysis of principal Statement of Financial Activities components for the previous reporting period:

Gracemount Liberton
Northfield		 Tron
Kirk		 Liberton
Kirk		 Combined
total
£ £ £ £ £
Total income 25,929 59,139 99,702 413,258 598,028
Total expenditure 28,370 70,034 119,359 401,512 619,275
Net income/(expenditure) (2,441) (10,895) (19,657) 11,746 (21,247)
Other gains/(losses) - 914 24,386 11,261 36,561
Net movement in funds (2,441) (9,981) 4,729 23,007 15,314
Total funds brought
forward		 8,967 48,581 375,337 1,291,730 1,724,615
Total funds carried
forward		 6,526 38,600 380,066 1,314,737 1,739,929

Analysis of net assets at the date of merger:

Gracemount Liberton
Northfield		 Tron
Kirk		 Liberton
Kirk		 Combined
total
£ £ £ £ £
Net assets 5,714 33,091 377,310 1,300,900 1,717,015
Represented by:
Unrestricted funds 4,824 33,091 366,883 1,107,922 1,512,720
Restricted funds 890 - 10,427 118,595 129,912
Endowment funds - - - 74,383 74,383
Total funds 5,714 33,091 377,310 1,300,900 1,717,015

The figures disclosed in Gracemount, Liberton Northfield, and Tron Kirk were re-stated for the period to 31 December 2023 on an accruals basis, previously these financial statements had been prepared on a Receipts and Payments basis.

Page 28

Edinburgh: South East Edinburgh Church of Scotland

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Rental from TryPraying
Flower Fund
Other trading activities
Fundraising events
Hall Lets
Misc Income
Investment income
Other fixed asset invest - FII
Deposit account interest
Charitable activities
Weddings & Funerals
Church Magazine
Cafe
Toastie Tuesday
Other income
Receipts from General Trustees
Total incoming resources
EXPENDITURE
Investment management costs
Portfolio management
Administrative expenses
Charitable activities
Wages
Carried forward		 2024
£
316,334
61,366
2,000
21,813
700
505
402,718
-
65,575
6,504
72,079
16,619
12,555
29,174
1,902
901
72,456
3,852
79,111
-
583,082
3,601
109
3,710
169,374
169,374		 2023
£
313,306
61,918
16,000
14,689
4,200
316
410,429
3,201
80,055
2,782
86,038
15,484
6,258
21,742
2,673
2,922
58,406
6,590
70,591
9,228
598,028
2,983
310
3,293
135,644
135,644

This page does not form part of the statutory financial statements

Page 29

Edinburgh: South East Edinburgh Church of Scotland

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Charitable activities
Brought forward
Social security
Pensions
Room hire
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Giving-to-grow
Presbytery dues
Travel
Repairs & maintenance
Office costs
Audio visual
Outreach
Pulpit supply
Locum Salary
Catering
Toastie Tuesday
Honoraria
Cleaning & Grass Cutting
Young People's Subscriptions
Food Bank
Vehicle maintenance
Church magazine
Commitment
Conferences & training
Sunday club
Cafe expenditure
Plant and machinery
Grants to institutions
Grants to individuals
Support costs
Finance
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Bookkeeping
Total resources expended
Net expenditure before gains and losses
Bank charges		 2024
£
169,374
4,927
5,610
2,684
19,709
16,828
46,963
3,514
4,670
25,188
161,856
3,722
6,613
171,992
12
527
5,869
1,375
3,437
2,078
3,500
300
9,574
1,695
21,907
-
5,892
1,424
1,631
1,237
27,742
2,084
1,706
1,581
737,221
6,600
5,400
12,061
24,061
765,903
(182,821)
911		 2023
£
135,644
657
2,987
2,034
14,195
18,816
25,228
3,417
2,783
15,206
153,974
3,565
7,483
81,327
944
1,430
11,191
2,730
15,820
302
6,275
300
18,516
2,521
22,864
524
5,750
1,347
554
849
23,783
6,208
12,872
450
602,546
-
4,002
8,558
876
12,560
619,275
(21,247)

This page does not form part of the statutory financial statements

Page 30

Edinburgh: South East Edinburgh Church of Scotland

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net expenditure		 2024
£
(2,874)
(185,695)		 2023
£
-
(21,247)

This page does not form part of the statutory financial statements

Page 31

APPENDIX

FUNDS HELD BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES

FOR THE BENEFIT OF THE CONGREGATION

2024
CAPITAL ACCOUNT
£
Credit balances held at 31 December at cost
108,531
Market value of balance at 31 December
109,385
REVENUE ACCOUNT
7,874
Credit balance at 31 December
TEMPORARY ACCOUNT
Debit balance at 31 December
(1,383)		 2023
£
108,531
109,257
2,729
(1,383)