Rosslyn Chapel Congregation Scottish Charity No. $C012109
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
ROSSLYN CHAPEL CONGREGATION
Report of the Trustees
For the year ended 30 September 2025
The trustees present their report with the financial statements of the company for the year ended 30 September 2025,
Reference and Administrative Details
Charity number: $C€012109
Registered Office:
Accountants
Bankers:
Bank of Scotland
Secretary:
Trustees:
1
ROSSLYN CHAPEL CONGREGATION
Report of the Trustees
For the year ended 30 September 2025
The Trustees present their annual report and financial statements of the charity for the year to 30 September 2025. The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommend Practice applicable to charities preparing their accounts in accordance with the Statement of Recommended Practice.
Objectives and Activities
Our purpose is to provide support for the spiritual activities of the Congregation and donate to out selected charities which include Marie-Curie Hospice Edinburgh, Alzheimer Scotland, Chest, Heart and Stroke Scotland, SUDEP, CHAS and the Bishop’s Appeal.
Achievements and Performance
We continue to provide support for the spiritual activities of the congregation and donate to our selected charities, which include Marie Curie Hospice Edinburgh, Children’s Hospice Scotland and Chest, Heart and Stroke, ,
Financial Review
The financial statements follow on pages 6 to 10. These statements are prepared in terms of the Statement of Recommended Practice (effective 1% January 2015) — Accounting and Reporting by Charities.
Total income for the year was £74,153 (2024 £49,991) and total expenditure for the year was £82,298 (2024 £64,709}, together with a revaluation gain on investment assets of £9,225 (2024 £7,239) and a gain on sale of investments of £147 (2024 £8,311) resulted in a surplus of £1,227 (2024 £832).
Total funds held by Rosslyn Chapel at 30" September 2025 were £359,987 (2024 £358,760).
Reserves policy
-
The charity had free reserves of £127,663 at 30 September 2025, the remainder of reserves being represented by property assets. The trustee’s aim is to build up reserves to a level, which is sufficient to:
-
cover unanticipated cost increases or income deficiencies
-
- provide a basis for future capital investment
Plans for Future Periods
We hope to continue providing support to our congregation and raising sufficient monies to donate to our selected charities.
2
Report of the Trustees
ROSSLYN CHAPEL CONGREGATION
For the year ended 30 September 2025
Reference and Administrative Details
The information relating to Rosslyn Chapel Congregation is contained on page 1. The trustees who served during the accounting period and to the date of this report are listed.
Structure Governance and Management
Governing Document
Rosslyn Chapel Congregation is a charitable organisation and is governed by its Constitution as agreed by the Bishop of Edinburgh. It is a registered charity with the Office of the Scottish Charity Regulator {OSCR).
Trustee recruitment and appointment
New trustees are elected by members of the congregation at the annual general meeting.
Trustee induction and training New trustees are briefed on their legal obligations under charity law, the content of the Constitution, the committee and decision-making processes and the recent financial performance of the charity.
Organisation
The Board of Trustees administers the charity and meets regularly throughout the year.
Risk Management
The trustees are satisfied that the major risks to which the charity is exposed have been reviewed and procedures have been established to manage these risks.
-
The principle risks facing the charity are: ~ Financial irregularities; - Internet banking is now in place with a second Trustee having executive powers. Any payments made by cheque require two signatures.
-
- Incomings fail to meet outgoings.
Statement of Trustees responsibilities
Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable organisation and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
~ Select suitable accounting policies and then apply them consistently; ~ Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; ~ State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue business.
3
ROSSLYN CHAPEL CONGREGATION
Report of the Trustees For the year ended 30 September 2025
Statement of Trustees responsibilities
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with The Charities and Trustee investment (Scotland) Act 2005 and the Charities Accounts (Scotiand} Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Rev Gill Hitchen
4
ROSSLYN CHAPEL CONGREGATION
Independent Examiner's Report to the trustees
For the year ended 30 September 2025
| report on the accounts of the charity for the year ended 30 September 2025 which are set out on pages 6 to 10.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10 (1) {a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. it also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 44 (1) (a) of the 2005 Act and Regulation 4 of 4 of the 2006 Accounts Regulations, and
-
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
—
Date |jLDecember 2025
Chartered Accountants
17-21 East Mayfield Edinburgh EHS ISE
5
Rosslyn Chapel Congregation
Statement of Financial Activities
{Incorporating Income and Expenditure Account) For the year ended 30 September 2025
==> picture [427 x 365] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Notes|Total|Total|
|2025|2024|
|Income and|Endowments from:|
|Donations and|legacies|3|31,892|21,723|
|investments|4|3,427|3,382|
|Other|5|36,340|24,886|
|Fundraising|6|2,494|-|
|Total|74,153|49,991|
|Total|Expenditure on:|
|Costs of direct|activities|6|$1,134|64,709|
|Fundraising|1,164|-|
|Total|82,298|64,709|
|Net income/{expenditure)|-|8,145|~|14,718|
|Other recognised gains/(losses):|
|Gains/(losses) on sale|of investment|assets|147|8,311|
|Gains/(losses) on|investment|assets|9,225|7,239|
|9,372|15,550|
|Net movements in funds|11|1,227|832|
|Reconciliation|of funds:|
|Total funds|brought forward|14|358,760|357,928|
|Balances at 30 September 2025|41|359,987|353,760|
----- End of picture text -----
The results set out in the income and expenditure account above derive wholly from the continuing operations of the trust.
Ali funds are unrestricted.
6
Rosslyn Chapel Congregation
Balance Sheet As at 30 September 2025
==> picture [429 x 381] intentionally omitted <==
----- Start of picture text -----
Notes 2025 2024
£ £
Fixed Assets
Property 7 12,324 12,324
investment Property 8 220,000 220,000
Investments 9 109,436 110,065
341,760 342,389
Current Assets
Cash at bank 16,7914 14,911
Rental Deposit 2,000 2,000
18,791 16,911
Creditors
Amounts falling due within one year 10 564 540
Net current assets 18,227 16,371
Total Assets less Current Liabilities 359,987 358,760
SSS==—= SEE
Capital and Reserves
Total Funds i1 359,987 358,760
SSE —_————es
All funds are unrestricted.
Wa ae
The financial statements were approved by the Trustees on financial statements were approved by the Trustees on statements were approved by the Trustees on were approved by the Trustees on approved by the Trustees on by the Trustees on the Trustees on Trustees on on ec 2025 and were signed
----- End of picture text -----
The financial statements were approved by the Trustees on financial statements were approved by the Trustees on statements were approved by the Trustees on were approved by the Trustees on approved by the Trustees on by the Trustees on the Trustees on Trustees on on On its behalf by:
7
Rosslyn Chapel Congregation
Notes to the Financial Statements
For the year ended 30 September 2025
1. Statutory Information
Rosslyn Chapel Congregation is a charitable organisation and is governed by its Constitution as agreed by the Bishop of Edinburgh. It is a registered charity with the Office ofthe Scottish Charity Regulator (OSCR).
2. Accounting Policies
a) Basis of Accounting
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic or Ireland" and the Statement of Recommended Practice (effective 1st January 2015} Accounting and Reporting by Charities.
b) Income
Rental income and all other income are stated at the amounts receivable in the year.
c) Expenditure
Ail expenditure is included on the accruals basis and has been directly attributed to one of the financial categories of resources expended in the Income and Expenditure Account and Statement of Financial Activities. The expenditure also includes irrecoverable VAT.
d) Taxation
No provision for corporation tax is necessary as the Chapel has charitable status and does not trade The charity suffers input VAT on some of its expenditure which it does nat recover.
| 3.income | incomefromDonationsandlegacies | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| General Fund | |||
| Generalcollectionsanddonations | 31,892 21,723 oe |
||
| 4. | investmentIncome | ||
| General Fund | |||
| Dividends received | 3,427 | 3,382 | |
| 5,Other | OtherIncome | ||
| General Fund | |||
| Rents received | 7,300 | 7,800 | |
| DiocesanGrant | 27,740 | 15,809 | |
| Rosslyn ChapelTrust | 714 | 1,277 | |
| Other | 86 | - | |
| 36,340 | 24,886 | ||
| Sa | |||
| 6.Receipts | Receiptsfrom Fundraisingacitivities | ||
| GeneralFund | |||
| Fundraising | 2,494 | - | |
| TED |
8
Rosslyn Chapel Congregation
Notes to the Financial Statements
For the year ended 30 September 2025
==> picture [327 x 277] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|6, Costs of direct|activities|2025|2024|
|£|£|
|General|Fund|
|Priest|in|charge|- Stipend|and|Pension|32,110|19,093|
|Locum|Priest and|Lay Reader|2,082|3,628|
|Priest expenses|3,375|5,469|
|Priest|interview expenses|-|860|
|Organist Fees|3,705|3,490|
|Altar costs|796|2,789|
|Publications,|printing and stationery|1,283|1,310|
|Provincial|and|Diocesan|Quota|2,947|2,676|
|Property repairs and|upkeep and|insurance|3,597|2,351|
|Rental|Property|22,800|18,170|
|Independent|examiner's fees|564|546|
|Professional|Fees|3,489|-|
|Vestry|Charity Donations|2,550|2,550|
|Childrens|Church|666|224|
|Entertainment/social|events|-|1,311|
|Website|252|242|
|Other|918|-|
|Total unrestricted costs|$1,134|64,709|
----- End of picture text -----
7. Tangible Fixed Assets - Property
7 Main St. (Mustard Seed) COST £ At 30 September 2024 and 2025 12,324
This property is used as a meeting room. No depreciation is applied to this property. The property was valued at £45,000 by Shepherd Surveyors on 17 March 2025.
8. Tangible Fixed Assets - Investment Property
31 Moat View cosT £ At 30 September 2024 and 2025 220,000
51 Moat View is recognised as an Investment Property and rented out to a third party. The property was valued at £230,000 by Shepherd Surveyors on 1 May 2025.
9
Rosslyn Chapel Congregation
Notes to the Financial Statements
For the year ended 30 September 2025
==> picture [282 x 136] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|9, Investments|Market Value|
|£|
|Scottish|Episcopal Church|Unit|Trust|Pool|
|3,608|units held|at|1 October 2024|110,065|
|323|units sold during the year|(9,853)|
|Revaluation|Gain|9,224.93|
|3,285|units held|at 30 September 2025|109,436|
----- End of picture text -----
The cost of the investments held at 30 September 2025 was £41,445 (2024 £45,520). investments are now shown at market value on the balance sheet and any revalation gains shown on the Statement of Financial Activities.
==> picture [376 x 176] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|10.|Creditors|2025|2024|
|£|£|
|Trade creditors|564|540|
|11. Statement of Funds|At30Sep|incoming|Resources|Gains/|At30Sep|
|2024|Resources|Expended|Losses|2025|
|£|£|£|£|£|
|Unrestricted|Funds|
|General Fund|126,436|74,153|(82,298)|9,372|127,663|
|Capital|Fund|232,324|-|“|-|232,324|
|Total Funds|358,760|74,153|-|82,298|9,372|359,987|
----- End of picture text -----
Unrestricted Funds
-
The General Fund represent the funds which the company is free to use in accordance with its charitable activities.
-
The Capital Fund represents the purchase cost of the two properties.
10