EDINBURGH BARCLAY VIEWFORTH CHURCH OF SCOTLAND
Accrued (SORP Compliant) Accounts for Year Ending 31 December 2024
Congregation No: 010010 Scottish Charity No: SC014757
CONTENTS
| CONTENTS | |
|---|---|
| Page No. | |
| 3 – 8 | Trustees’ Annual Report |
| 9 | Report of the Independent Examiner |
| 10 | Statement of Financial Activities |
| 11 | Balance Sheet |
| 12 – 13 | Accounting Policies |
| 14 – 22 | Notes to Accounts |
| 23 | Appendix |
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Edinburgh Barclay Viewforth Church of Scotland Trustees’ Report Year ended 31 December 2024
The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and 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 (FRS102) (effective 1 January 2019) - Charities SORP (FRS 102).
Objectives and Activities
Barclay Viewforth’s objectives are summed up in our mission statement making known God's love in Jesus Christ , which we work towards through ministry and mission.
Sunday services are a key part of the church’s life as we hear God’s word and worship together. Morning worship is live-streamed and viewers can also join on our YouTube channel. Evening services on the first Sunday of the month begin with a shared meal, and coffee and cake other weeks.
Children’s clubs, under the name ‘Kingdom Kids’, meet on Sunday mornings, with children joining the main congregation in the sanctuary for the first part of the service, and there is a crèche for the very youngest. , our Youth Worker, leads an experienced team of volunteers.
, Barclay Viewforth’s Pastoral Associate, works with Pastoral Assistant volunteers, providing care, fellowship and support to a range of people associated with the congregation. This is much appreciated and a practical demonstration of God’s love shown in Jesus.
We have a number of mission and fellowship groups. The Creative Group meet online and in person for ‘Craft and Chatter’, and during the year the group produced further displays for the church railings on Bruntsfield Place and arranged occasional larger crafting events. Activities with a social and faith mix, are the focus of the Afternoon Fellowship and a busy programme included a trip to Biggar and Christmas and Burns lunches. The Tollcross Community Pastors (TCP) again organised a Christmas Fair in the church, with local traders’ stalls, and that group continues to maintain contact with local shopkeepers giving pastoral support, and this year by producing a ‘shop local’ booklet. On Tuesdays a ‘drop in’ at the church is a further opportunity for community engagement: hosting tourists, homeless folk and those in need of some company, with the offer of prayer.
We have a fortnightly Study Group, which has covered a range of topics, and other small groups meet for fellowship and Bible study. As well as a monthly in-person Prayer Meeting, where we join with the other three congregations working to form a new combined parish, there is an online prayer time in other weeks.
In the autumn we ran an Alpha course and our Youth Worker arranged student welcome events. Contact with the community through our football team, Barclay Viewforth United, part of the Edinburgh Churches League, continues. The weekly Carers and Toddlers group remains a good way to get to know new families, and our stall and kids activities at the summer Meadows Festival was very popular and a chance both to meet people and to speak about our faith.
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Edinburgh Barclay Viewforth Church of Scotland Trustees’ Report (cont.) Year ended 31 December 2024 .
Achievements and Performance
The number attending morning worship has remained around 100, and children and young families make up a substantial proportion of that number. Weekly take up of services on YouTube has continued to get a a steady 60-80 views each week. The Evening service has built a solid attendance - after a dip during the year, we have between 20 - 25 attending and the gathering has been a first point of contact with a number of new people. In what is a cross-generational fellowship, the 20-40 age group is underrepresented compared with the parish population, and we continue to seek ways of engaging this group, with relationships being built this year with the student flats cooperative adjacent to the church.
A range of topics has been covered in sermons, with our Minister, , and in the autumn we were joined by a new ministry student on placement - . Following maternity leave, Music Team Leader, , rejoined us in the autumn to lead worship, working in morning services with , our organist, and with the support of volunteer musicians and singers.
A planned Youth Alpha, to be held at the start of 2025, is one of the ways we have continued to get the children more involved in the life of the church, encouraging the teens to take more active leadership. The Easter Holiday club in Polwarth was another opportunity for young volunteers, and the children also help with bible readings during services and refreshments after.
Discussion with the three neighbouring parishes, Craiglockhart, Polwarth and St Michael’s, with whom we will form a single parish under the Presbytery Plan, progressed during the year, primarily through an Implementation Group, set up to plan our journey. A new name for the parish - Edinburgh Merchiston and Canalside - has been agreed, and following a review of buildings it has been decided that St Michael’s will be the building to be sold. We have been arranging joint events to build relationships, including a series of Sunday evening services in the other locations, a shared picnic and a joint Maundy Thursday service at St Michael’s. Treasurers and other members of Finance Groups from the congregations have met to plan the practical arrangements that will be necessary.
We continue to have a world church focus, with missionary links to workers in South East Asia and support for Jenga, a Christian charity based in Uganda who run a range of community development projects, where we have raised funds and, over the summer, a group of church members visited to see the work. We were able to provide financial support to Jenga through special offerings, part of £2,224 the congregation raised for third parties during the year. For a week in November the Barclay Viewforth building was used as a sorting centre for the Blythswood Care’s Shoebox Appeal, which this year sent Christmas gifts to Ukraine. Over 5,000 boxes were processed by volunteers from the congregation, wider community and local employers.
Special services at Christmas and Easter continued to give us contact with larger numbers who are not regular worshippers, with the number of visitors at Christmas being particularly noticeable following some very eye-catching publicity cards delivered in the parish. These also mentioned the 160th anniversary of the opening of the Barclay building, a date that fell in late December. This was a chance to reflect on the work and witness of the congregation since 1864. A target for us has been to make our activities more missional - encouraging those we make contact with to come to other events, and to continue to make Jesus known in our community.
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Edinburgh Barclay Viewforth Church of Scotland Trustees’ Report (cont.) Year ended 31 December 2024
Achievements and Performance (cont.)
In November there was a chance to celebrate another anniversary - with six elders being presented with certificates to mark a combined 265 years of service, and we were delighted to be joined by , a former minister who was celebrating 50 years since his ordination. With 2025 and 2026 being years bringing considerable change, it was good to be able to look back on past blessing and forward to future mission.
Financial Review
In 2024 there was overall a slight increase in offerings and the associated Gift Aid with General Fund offerings up by 1.7%; 44% of the total income came from all offerings, reclaimed tax and donations. Morning service giving by debit or credit card amounted to £2,302.
Regular giving by standing order or bank transfer accounted for 97% of the offerings. Gift aided offerings (including those given through GAYE or through organisations claiming the Gift Aid before gross payment to Barclay Viewforth) totalled 94% of all offerings. The Annual Thank Offering income was down by 10.6% from 2023.
The income from the use of premises by the community increased by 10.7% over 2023 but was still only 83% of the pre-pandemic level in 2019.
The income from the investments held in the Church of Scotland Investors Trust Growth and Income Funds and from the M&G Charifund were all increased from 2023. The overall increase was 14.1%. Because of the relatively overall high level of the bank rate there was an increase in income from the bank saving accounts interest and that from Church of Scotland Investors Trust Deposit Funds.
A legacy of £5,000 from the estate of the late and one of £2,500 from the estate of the late were received during 2024. Both were unrestricted.
The General Fund investment income continued to support with £150 per month our missionary partners working with Interserve in Southeast Asia.
The North Edinburgh and Castle Credit Union (trading as Castle Community Bank, ‘CCB’) one year fixed rate bond of £85,000 which matured in July yielding interest of £3,068 was not reinvested because of the possibility of the money being required within the year. It was transferred to the CCB instant access bank account receiving monthly interest totalling £752. The CCB Unsubordinated Loan of £100,000 yielded £10,027 in the year, paid quarterly.
The increased use of the buildings meant that expenditure in a number of areas (such as consumables) also rose. There was a full year of the new electricity contract and nine months of a new gas contract which lead to a 44% increase in heating and lighting. The Water Rates were higher than in 2023 when full exemption had been given for the halls. Overall the General Fund had a deficit of £26,515 in 2024, which was less than the predicted £45,151. The receipt of legacies totalling £7,500 was responsible for some of the reduction.
During the year £10,000 was transferred to the General Fund from the Reserve/Development Fund, an adjustment necessitated by the General Fund deficit. The Reserve Development Fund investment income provided 92% of the funding for three part-time church workers.
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Edinburgh Barclay Viewforth Church of Scotland Trustees’ Report (cont.) Year ended 31 December 2024
Financial Review (cont.)
The Fabric Fund met the cost of repairing the lightning conductor, removing an area of damp plaster in the tower, installing a suitably large extraction fan in the halls kitchen and installing bollards to the parking area.
The Benevolent Fund was used to support the vulnerable in the parish, with the call on this service increasing from 2023. Income to this fund was from investment dividends and the occasional donation, but in 2024 income did not cover expenditure. During the year it was decided to sell the 1,241 Income Units which yielded £13,701 including a gain of £99.
Investment Policy and Performance
The primary purpose of the investments is to provide income to the various funds and, apart from the General fund, is the principal or only source of regular income. The investment income of the Restricted Funds resource the charitable purposes of these funds as described in Note 14. The principal use of the Reserve/Development fund was to provide income for the continued employment of three part-time members of staff, the Pastoral Associate, the Youth Worker and Music Team Leader and 100% of the investment income to this fund was used in 2024 to pay for 92% of the salaries. Fabric Fund investments provide income towards the cost of the less routine items of maintenance which arise.The performance of the investments held was satisfactory in relation to the market.
Risk Management
Difficulty appointing key office bearers, given the substantial time commitment needed, is a risk to the future development of the congregation.
We are considering how best to implement succession planning and in particular will be aiming to divide the Treasurer's role into smaller constituent parts which may be shared.
Without an increase in regular giving our commitment to mission would have to be curtailed.
The Finance Group and Session actively monitor the congregation's financial position.
We regularly encourage members of the congregation to review their financial giving as well as how they can most effectively use time and talents.
The Trustees have a duty to ensure that appropriate controls are in place to provide reasonable assurance against error and fraud.
Key controls are as follows:
-
a requirement for dual authorisation for cheque and bank transfer payments and withdrawals.
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at least two individuals involved in the counting and recording of collections.
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financial summaries are made available to Elders, the Trustees, prior to each Session meeting, and Session authorisation and approval procedures are in place for financial or strategic decisions.
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appropriate liability and asset insurance policies are also in place.
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Edinburgh Barclay Viewforth Church of Scotland Trustees’ Report (cont.) Year ended 31 December 2024
Reserves Policy
The Trustees’ policy regarding reserves is at present dictated as stated in Note 15.
At the year end the Church held unrestricted funds of £2,438,666 (2023: £2,373,285). A breakdown of the fund balances can be found in Note 14 where the purposes of the Designated and Restricted Funds are also given.
Those funds with reserves held mainly in investments rely on the income to meet their expenditure. In the case of the Reserve/Development Fund the 92% of the funding of part-time posts, a Pastoral Associate, a Youth Worker and a Music Team Leader was from investment income.
The church also held £64,549 (2023: £67,864) of restricted funds which have been provided for the purposes specified in Note 14.
Structure, Governance and Management
The congregation is a registered charity, number SC014757 and is administered in accordance with the terms of the Unitary Constitution and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. Certain responsibilities are delegated to the Finance Group and the Fabric Group as appropriate. On induction as an elder, members of the Kirk Session are briefed on their obligations as a Trustee, the constitution and their responsibilities as a charitable body. These matters are reinforced at the regular Session meetings.The Kirk Session, which under normal circumstances meets nine times a year, is responsible for spiritual affairs within the church.
Reference and Administrative Information Trustees Members of the Kirk Session
Principal Office-bearers Minister: Session Clerk: Church Treasurer:
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Edinburgh Barclay Viowforth Church of Scolland Trnstses, Report (cont) Year ondod 31 December 2024 Principal Office 1 Wrighfs Ftouses, Edinburgh EH10 4HR Charity No." SC014757 Inde endent Examiner Prime Numbers 1 Lochrin Square 92 Fountainbridge Edinburgh EH3 9QA Bankers Bank of ScotlaTKI 426 Morningside Road Edinburgh EH3 9QA Trustees, Rosponsibilities in Relation to the Financlal Statements The charity trustees are responsble for prepariTrJ a Irustees, annual report and financial state- ments in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty A¢Pted Accounting Practi). The law applicab18 to charittes in Scotland requiT5 the charity trustees to prepare financial ststements for each year which show a true and fair view of the state of affairs of the charty and of the incoming resources and applical¢on of resour8. of the charity for that period. In preparing th8 finanaal statements, the trustees are required to: 8elect suitable accounting policies and then apply them consi81entty; obsetve the method and principth in the appIlble Charities SORP" make judgements and estimates that are reasonable and pnjdent; ' state whether applicable accounting standards and statements of recommended practice have been followed. subject to any departwes disclosed and explained in the financial statements: prepare the financial statements on the going concem basi5 unless it is inappropriate lo presume that the chanty will continue in operalional existen. The trustees are responsible for keeping proper accounting records which disclose with rea- sonable accuracy at any time the financial positiDn of the charity and to enable them to ensure that the financial statements compty with the Chartlies and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 otrer irregularities. The trustees are responsible foi the rna1ntenan and integrty of the charity and financial infomation on the congr8gation'$ website. Legislation in the United Kingdom goveming the preparation and dissemination of fi- nancial statements may differ from legislaticyn in other jurisdictions. Date .
Edinburgh Barclay Vlevrtorth Church of Scotland Independent Examlner's Report to the Trustees of Edlnburgh Barclay Vleyrtorth Church of Scotland Year ended 31 December 2024 I report on the accounts of the charity for the year ended 31 Decemb 2024 which are set out on pages 10 to 22. Ro8poctiv8 fKponsSbilities of trustees aThl examlner The chaiity's trustees are reSpS{ble for the preparation of the aA)Unts in a(x0rdan vrith the terms of the Chartties arKI Trustee Investmenl (S(x)tJand) Act 2(M)5 and thè Charities Acnts (Swtland) Regulations 2(Y)6 (as amended). The charty trustees cx>nsider that Ihe audit r4uirement of Regulalirx) 10(1) (a) to (c) of the Accounts RegUlatiOr does rM)t apply. ft is my responsibility to earnine the accounts as re- quired urKler seclion 44(1} (c) of the Act and ) $e whether particular matters have ccne to my attention. Basis of independont Examln•rfs Stst•ment My examination is Caled out in accordance with Regulati¢ 11 of the Charitps Accounts (Scot- land) Regulations 2006 (as amended). An examination indudes 8 review of the accounting rrdS kept by the charity arKI a comparison of the accounts presentsd with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks ex- planations from the trustees nGnIng any such matter8. The procedures undertaken do not provide all the evidence that VId be required in an 8ud( arma consequently I do not express an audit OnIOn on the view given by the L}Unts. Independent Examlnerf$ Statsme In th8 course of my examination, matter has come to my attention 1. lch giv88 me raasonable c8U58 to baliovo that in any material respect the requIrents: . to keep accixmting re(S in accordanc8 with Section W1) (a) of the 2LX)5 Act and Regulation 4 of the 2006 AUnts Regulatn5 (as amen(led). arKd . to prepare accounts which accord with the accounting reo)rtls and comply with Regula. tion 8 of the 2006 A(tounts Regulations (as endad} have not been met, or 2. to which, in my optnion. attention should be drawn in order to enable a prow understand- ing of the accounts to be reached. Prim8 Numbers 1 Lothrin Square 92 Fountsintxidga EdinbUh EH3
Edinburgh Barclay Viewforth Church of Scotland Statement of Financial Activities Year ended 31 December 2024
| Income from: Donations and legacies 1 Charitable activities 2 Other trading activities 3 Investment income 4 Total Income Expenditure on: 5 Raising Funds Charitable activities Total Expenditure Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Note Net income/(expenditure) before gains and losses on investments |
Unrestricted Funds 2024 £ 126,935 1,722 58,561 82,572 |
Restricted Funds 2024 £ 132 — — 3,447 |
Total 2024 £ 127,067 1,722 58,561 86,019 273,369 117 292,806 292,923 ( 19,554) 81,620 62,066 2,441,149 2,503,215 |
Unrestricted Funds 2023 £ 118,631 1,592 54,059 68,817 |
Restricted Funds 2023 £ 118 112 — 2,760 |
Total 2023 £ 118,749 1,704 54,059 71,577 |
|---|---|---|---|---|---|---|
| 269,790 | 3,579 | 243,099 | 2,990 | 246,089 | ||
| 117 285,572 |
— 7,234 |
— 254,243 |
— 7,865 |
— 262,108 |
||
| 285,689 | 7,234 | 254,243 | 7,865 | 262,108 | ||
| ( 15,899) 81,280 65,381 2,373,285 |
( 3,655) 340 ( 3,315) 67,864 |
( 11,144) 68,792 |
( 4,875) 1,150 |
( 16,019) 69,942 |
||
| 57,648 | (3,725) | 53,923 | ||||
| 2,315,637 | 71,589 | 2,387,226 | ||||
| 2,438,666 | 64,549 | 2,373,285 | 67,864 | 2,441,149 |
The church has no recognised gains or losses other than the results for the year as set out above. All of the activities of the church are classed as continuing. The notes on pages 14 to 22 form part of the financial statements.
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Edinburgh Barday Wiewforth Church of Scotland Balance Sheet at 31 Decenther 2024 Total FuTrds TO Funds 2023 Flxed Assets TangiblB assets Inv8strnents 495.IXXI 16027 2.097,796 495,000 1534 876 2.029,878 CuThent A880ts DebtcKs ct asset Nest[r Bank and Cash Total CuTrnt A8Bots 14.718 348,140 14,875 369,390 410.381 418,328 Liabiltti 11 Crwlkors falkvJ due vAfthi one year Net Cuftynt Assets 405,419 411.273 Total Assets L•s8 Cuffent Llabilltles 2.503,215 2.441.149 Net Assets 12 2503 215 2 441 149 Th• Fund8 of the CharKy. Restrict8d Incl Funds Unrestricted Income fij1$ Total Charlty Funds I415 14 64.549 2 373 285 2 441149 The rKAes on pages 14 lo Z2 ftimi part oftsse aCCnts. 28 A)rl 2025 *KI svJned on th8ir behalf by Treasurer q1
Edinburgh Barclay Viewforth Church of Scotland Year ended 31 December 2024
Accounting Policies
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and including the early adoption of the amendments to the standard issued on 2 February 2017 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to 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.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity.
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.
Incoming resources
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as the liability is incurred.
Donated services and facilities
Donated professional services and donated 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 then recognised as expenditure in the period of receipt.
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Edinburgh Barclay Viewforth Church of Scotland Year ended 31December 2024
Accounting Policies (cont)
Interest receivable
Interest 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
Fixed Assets
Heritable properties, consisting of the Barclay Viewforth Church, the Halls, the Church Officer's House, the Manse at 113, Meadowspot all in Edinburgh, are held by the Minister, Session Clerk, and the Treasurer as trustees on behalf of the Congregation of Barclay Viewforth Church.
No valuation has been obtained for the property at 113 Meadowspot which is recorded at cost. Barclay Viewforth Church, the Halls and Church Officer's House are all one building. The Trustees have not obtained a valuation for this property and it is recorded at nil value.
Land and buildings owned by the church for the purpose of earning rental and/or capital appreciation are classified as investment properties. Investment properties are measured initially at cost and subsequently at fair value at the reporting date.
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.
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.
Financial instruments
Financial assets and liabilities that qualify as basic instruments, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction value and subsequently measured at their settlement value.
Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Taxation
Edinburgh Barclay Viewforth Church of Scotland is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
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Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024
| 1 Donations and Legacies Offerings and Donations Tax recovered on Gift Aid Legacies Other 2 Income from Charitable Activities Grant - Listed Places of Worship 3 Income from Other Trading Activities Use of Premises O2 Radio Mast Rental 4 Investment income Dividends received Deposit interest Total |
Unrestricted Funds 2024 £ 99,653 19,442 7,500 340 |
Restricted Funds 2024 £ 125 7 — — |
Total 2024 £ 99,778 19,449 7,500 340 127,067 1,722 1,722 46,561 12,000 58,561 62,279 23,740 86,019 273,369 |
Unrestricted Funds 2023 £ 99,161 19,264 — 206 |
Restricted Funds Total 2023 2023 £ £ 110 99,271 8 19,272 — — — 206 |
|---|---|---|---|---|---|
| 126,935 | 132 | 118,631 | 118 118,749 |
||
| 1,722 | — | 1,592 | 112 1,704 |
||
| 1,722 | — | 1,592 | 112 1,704 |
||
| 46,561 12,000 |
42,059 12,000 |
— 42,059 — 12,000 |
|||
| 58,561 | — | 54,059 | — 54,059 |
||
| 60,841 21,731 |
1,438 2,009 |
53,359 15,458 |
1,305 54,664 1,455 16,913 |
||
| 82,572 | 3,447 | 68,817 | 2,760 71,577 |
||
| 269,790 | 3,579 | 243,099 | 2,990 246,089 |
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Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 (cont.)
| Unrestricted Restricted Funds Funds 2024 2024 5 Analysis of Expenditure £ £ Raising Funds Give a Little Subscription 117 — 117 — Charitable Activities Give to Grow Allocation 101,095 — Presbytery Dues 2,099 — Minister's Expenses 2,193 — Part-time Youth Worker 14,619 — Part-time Pastoral Associate 17,302 — Part-time Music Team Leader 11,263 — Pulpit Supply 786 — Other Salary Costs 23,797 — Fabric Repairs & Maintenance 25,294 — Council Tax (Manse & Church House) 6,303 — Water Rates 2,867 — Other Building Costs 48,416 — Church Office Expenses 1,994 — Licences, Fees, Subscriptions 3,184 — Organ, Pianos & Music 1,623 720 Equipment 1,926 57 Outreach/Training/ Publicity/Pastoral Care 9,805 6,457 Lighting Upgrade Project 8,910 — Other Expenses 2,096 — 285,572 7,234 Total 285,689 7,234 |
Unrestricted Restricted Funds Funds 2024 2024 5 Analysis of Expenditure £ £ Raising Funds Give a Little Subscription 117 — 117 — Charitable Activities Give to Grow Allocation 101,095 — Presbytery Dues 2,099 — Minister's Expenses 2,193 — Part-time Youth Worker 14,619 — Part-time Pastoral Associate 17,302 — Part-time Music Team Leader 11,263 — Pulpit Supply 786 — Other Salary Costs 23,797 — Fabric Repairs & Maintenance 25,294 — Council Tax (Manse & Church House) 6,303 — Water Rates 2,867 — Other Building Costs 48,416 — Church Office Expenses 1,994 — Licences, Fees, Subscriptions 3,184 — Organ, Pianos & Music 1,623 720 Equipment 1,926 57 Outreach/Training/ Publicity/Pastoral Care 9,805 6,457 Lighting Upgrade Project 8,910 — Other Expenses 2,096 — 285,572 7,234 Total 285,689 7,234 |
Unrestricted Restricted Funds Funds 2024 2024 5 Analysis of Expenditure £ £ Raising Funds Give a Little Subscription 117 — 117 — Charitable Activities Give to Grow Allocation 101,095 — Presbytery Dues 2,099 — Minister's Expenses 2,193 — Part-time Youth Worker 14,619 — Part-time Pastoral Associate 17,302 — Part-time Music Team Leader 11,263 — Pulpit Supply 786 — Other Salary Costs 23,797 — Fabric Repairs & Maintenance 25,294 — Council Tax (Manse & Church House) 6,303 — Water Rates 2,867 — Other Building Costs 48,416 — Church Office Expenses 1,994 — Licences, Fees, Subscriptions 3,184 — Organ, Pianos & Music 1,623 720 Equipment 1,926 57 Outreach/Training/ Publicity/Pastoral Care 9,805 6,457 Lighting Upgrade Project 8,910 — Other Expenses 2,096 — 285,572 7,234 Total 285,689 7,234 |
Total 2024 £ 117 117 101,095 2,099 2,193 14,619 17,302 11,263 786 23,797 25,294 6,303 2,867 48,416 1,994 3,184 2,343 1,983 16,262 8,910 2,096 292,806 292,923 |
Unrestricted Funds 2023 £ — |
Restricted Funds 2023 £ — |
Total 2023 £ — |
|---|---|---|---|---|---|---|
| 117 | — | — | — | — | ||
| 101,095 2,099 2,193 14,619 17,302 11,263 786 23,797 25,294 6,303 2,867 48,416 1,994 3,184 1,623 1,926 9,805 8,910 2,096 |
— — — — — — — — — — — — — — 720 57 6,457 — — |
99,279 1,932 2,090 16,963 17,356 11,736 200 23,419 12,662 6,159 1,872 41,702 1,964 3,681 1,970 2,358 6,189 — 2,711 |
— — — — — — — — — — — — — — — 3,386 4,479 — — |
99,279 1,932 2,090 16,963 17,356 11,736 200 23,419 12,662 6,159 1,872 41,702 1,964 3,681 1,970 5,744 10,668 — 2,711 |
||
| 285,572 | 7,234 | 254,243 | 7,865 | 262,108 | ||
| 285,689 | 7,234 | 254,243 | 7,865 | 262,108 |
Support costs have not been separately identified as the trustees consider there is only one charitable activity. Support costs therefore relate wholly to that activity and have not been separately identified.
Costs of charitable activities include governance costs, being the Independent Examiner's fee of £480 (2023: £432).
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Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 (cont.)
| dinburgh Barclay Viewforth Church of Scotland otes forming part of the financial statements or the Year ended 31 December 2024 (cont.) |
||
|---|---|---|
| 6 Staff costs and numbers Salaries and wages Employer's Pension Contributions Payroll Expenses Total |
2024 £ 64,682 1,896 404 66,982 |
2023 £ 67,231 1,859 385 |
| 69,475 |
The charity operates a contribution scheme for the private pensions of some members of staff. The Charity’s contribution is 3% of salary, paid direct to the pension provider. The pension cost charge payable by the charity to the scheme has been charged to the income and expenditure account and amounted to £1,896 (2023: £1,859). No contributions were outstanding at the year end (2023: £nil)
The average number of employees during the year, calculated on the basis of a head count, was as follows:
| Part-time Youth Worker Part-time Pastoral Associate Administration Music staff Premises maintenance |
2024 Number 1 1 1 2 1 6 |
2023 Number 1 1 1 2 1 |
|---|---|---|
| 6 |
No employee had employee benefits in excess of £60,000 (2023: £nil).
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing 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 5th and subsequent years £38,884
7 Trustee Remuneration and Related Party Transactions
The Manse Council Tax of £3,738 was paid on behalf of , Minister and member of Session (2023: £3,655). received £2,193 in expenses (2023: £2,090).
The Church House Council Tax of £2,565 (2023: £2,504) was paid on behalf of , Church Officer and member of Session, who received £2,195 (2023: £2,042) in salary.
who is a member of Session, for providing her services as parttime Pastoral Associate received £18,224 (2023: £16,766).
No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
During the year a total of £52,420 (2023: £54,024) was donated to the congregation by the Elders, the trustees, through their regular giving and Thank Offerings.
16
Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 (cont.)
8 Tangible Fixed Assets
| Buildings Cost and Net Book Value £ 495,000 At 31 December 2024 495,000 vestments 2024 £ Market value at 31 December 2023 & 2022 1,534,876 Disposal of Investments (13,701) Realised Gain/Loss on Investment Disposal 99 Unrealised net gain/(loss) on investments 81,522 Market value at 31 December 2024 & 2023 1,602,796 Investments at cost at 1 January 2024 1,106,810 Sale of Income Fund Units 2024 1,241; Growth Fund Units 2023 805 (13,372) Investments at cost at 31 December 2024 1,093,438 The following investments are held: No. of Units Cost £ C of S Investors Trust Growth Fund 128,193 402,240 C of S Investors Trust Income Fund 49,322 503,467 M&G Charifund Income Units 16,261 187,731 Value at 31 December 2024 £ Benevolent Fund — Flower Fund 2,601 Jas. Hamilton SU Camp Fund 10,784 Fabric Fund 105,662 Reserve/Development Fund 1,162,767 Sunday School/Holiday Club 2,820 General Fund 318,163 Represented at 31 December 2023 The values of investments held by each of the funds listed in Note 14 were as follows: No depreciation is charged because the trustees believe that the residual alue of the building asset is in excess of cost. |
Buildings £ 495,000 |
Total £ 495,000 |
|---|---|---|
| 495,000 | 495,000 | |
| 2023 £ 1,469,490 (4,556) 209 69,733 |
||
| 1,602,796 | 1,534,876 | |
| 1,106,810 (13,372) |
1,107,294 (484) |
|
| 1,093,438 | 1,106,810 | |
| Cost £ 402,240 503,467 187,731 Value at 31 December 2024 £ — 2,601 10,784 105,662 1,162,767 2,820 318,163 |
Value at 31 December 2024 £ 817,871 545,501 239,424 |
|
| 1,602,796 Value at 31 December 2023 £ 13,601 2,457 10,686 103,089 1,098,971 2,577 303,494 |
No depreciation is charged because the trustees believe that the residual value of the building asset is in excess of cost.
9 Investments
17
Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 cont.)
10 Debtors Due within one year
| Gift Aid Tax Refund Due Other Due after a year Subordinated Loan |
2024 £ 7,530 7,188 |
2023 £ 7,035 7,840 |
|---|---|---|
| 14,718 | 14,875 | |
| 2024 £ 100,000 |
2023 £ 100,000 |
|
| 100,000 | 100,000 |
£100,000 Subordinated Debt with North Edinburgh & Castle Credit Union (trading as 'Castle Community Bank'). This Loan Note Instrument is repayable on 31 March 2033 (with an option to repay early on 31 March 2028) and pays an interest rate of 10%.
11 Creditors
Amounts falling due in less than one year:
| Accruals alysis of Net Assets Among Funds General £ Fixed Assets — Investments 318,163 Current Assets 5,594 Current Liabilities (4,067) Net assets at 31 Dec 2024 319,690 General £ Fixed Assets — Investments 303,494 Current Assets 25,511 Current Liabilities (6,869) Net assets at 31 Dec 2023 322,136 |
Accruals alysis of Net Assets Among Funds General £ Fixed Assets — Investments 318,163 Current Assets 5,594 Current Liabilities (4,067) Net assets at 31 Dec 2024 319,690 General £ Fixed Assets — Investments 303,494 Current Assets 25,511 Current Liabilities (6,869) Net assets at 31 Dec 2023 322,136 |
Designated £ 495,000 1,271,248 353,047 (319) |
2024 £ 4,962 |
2023 £ 7,055 |
|---|---|---|---|---|
| 4,962 | 7,055 | |||
| Restricted £ — 13,385 51,740 (576) |
Total £ 495,000 1,602,796 410,381 (4,962) |
|||
| 319,690 | 2,118,976 | 64,549 | 2,503,215 | |
| General £ — 303,494 25,511 (6,869) |
Designated £ 495,000 1,204,637 351,570 (58) |
Restricted £ — 26,745 41,246 (127) |
Total £ 495,000 1,534,876 418,328 (7,055) |
|
| 322,136 | 2,051,149 | 67,864 | 2,441,149 |
12 Analysis of Net Assets Among Funds
13 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.
18
Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 (cont.)
14 Movements in Funds
| Restricted funds Benevolent Fund Flower Fund Organ Refurbishment Fund Jas Hamilton SU Camp Fund Minister's Special Purposes Fund Unrestricted funds Fabric Fund Reserve/Development Fund Manse/Property Capital Fund Sunday School/Holiday Club Emerging Church Project Fund General Fund Total funds |
At 1 Jan 2024 £ 14,821 2,932 34,185 13,686 2,240 |
Incoming Resources £ 773 241 1,785 622 158 |
Outgoing Resources £ ( 5,835) ( 369) ( 720) ( 310) |
Transfers £ |
Unrealised/ Realised At 31 Dec Gain/(Loss) 2024 £ £ 99 9,858 144 2,948 35,250 97 14,095 2,398 |
Unrealised/ Realised At 31 Dec Gain/(Loss) 2024 £ £ 99 9,858 144 2,948 35,250 97 14,095 2,398 |
|---|---|---|---|---|---|---|
| 67,864 | 3,579 | (7,234) | — | 340 | 64,549 | |
| 422,111 1,129,102 495,000 4,260 675 322,137 |
25,232 44,292 59 200,207 |
( 14,873) ( 43,184) ( 910) ( 226,722) |
( 10,000) 1,275 ( 675) 9,400 |
2,573 63,796 243 14,668 |
435,043 1,184,006 495,000 4,927 319,690 |
|
| 2,373,285 | 269,790 | (285,689) | 81,280 | 2,438,666 | ||
| 2,441,149 | 273,369 | (292,923) | — | 81,620 | 2,503,215 |
19
Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 (cont.)
14 Movements in Funds (cont.)
| Restricted funds Benevolent Fund Flower Fund Organ Refurbishment Fund Jas Hamilton SU Camp Fund Minister's Special Purposes Fund Unrestricted funds Fabric Fund Reserve/Development Fund Manse/Property Capital Fund Sunday School/Holiday Club Emerging Church Project Fund General Fund Total funds |
At 1 Jan 2023 £ 16,655 2,959 32,867 13,157 5,951 |
Incoming Resources £ 722 218 1,318 513 218 |
Outgoing Resources £ ( 3,262) ( 299) — ( 375) ( 3,929) |
Transfers £ |
Unrealised At 31 Dec Gain/(Loss) 2023 £ £ 706 14,821 54 2,932 34,185 390 13,686 2,240 |
Unrealised At 31 Dec Gain/(Loss) 2023 £ £ 706 14,821 54 2,932 34,185 390 13,686 2,240 |
|---|---|---|---|---|---|---|
| 71,589 | 2,990 | (7,865) | — | 1,150 | 67,864 | |
| 410,969 1,084,843 495,000 4,442 675 319,708 |
18,796 38,723 — 53 185,527 |
( 8,332) ( 46,056) ( 825) ( 199,030) |
— ( 5,000) — 400 — 4,600 |
678 56,592 190 11,332 |
422,111 1,129,102 495,000 4,260 675 322,137 |
|
| 2,315,637 | 243,099 | (254,243) | 68,792 | 2,373,285 | ||
| 2,387,226 | 246,089 | (262,108) | — | 69,943 | 2,441,149 |
20
Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024(cont.)
14 Movements in Funds (cont.)
Purposes of Restricted Funds
Benevolent Fund: This is for the support of needy members or parishioners and also of those without connection to the church who come seeking help. The latter was its only use in 2024.
Flower Fund: This is a fund to provide flowers which are for the decoration of the sanctuary during services of worship and then for distribution to ill, bereaved, housebound members or members celebrating an event/birthday. Income is made up of money donated for the sole purpose of purchasing flowers and dividends from investment of money left for that purpose.
Organ Refurbishment Fund: The basis of this was a portion of a legacy which was to be used for the refurbishment of the pipe organ in the Barclay Viewforth Church building. Income to the fund is mainly from interest with the occasional fund raising and donation. This fund is not for the regular general maintenance of the organ which is provided from the General Fund.
Jas. Hamilton SU Camp Fund: This fund was established in memory of James Hamilton, a former minister, from donations given for the purpose of setting up a fund, the income of which would provide grants towards the fees of children attending SU camps. It is used for members' children but may also be used to help other children to attend when there is no requirement to support children of members.
Minister's Special Purposes Fund: The money deposited in this fund is from donations which the donors have stipulated are to be used for purposes at the discretion of the Minister.
Purposes of Designated Funds
Fabric: The A listed building is 160 years old and is structurally very complex, particularly the roof, and has a substantial number of leaded stained glass windows, which because of their age, are likely to need maintenance. It is therefore necessary to maintain funds for its upkeep. This is the fund from which most of the proposed major improvements to the Sanctuary lighting and further adaptations to live streaming of services will be funded.
Reserve/Development Fund: This fund is a source of reserve funds which can be drawn on to meet deficits in other funds as was the case with the General Fund in 2024 with £10,000 being transferred. It is a source of funding for development and in 2024 it was used to fund three part-time posts, the Pastoral Associate, the Music Team Leader and the Youth Worker with 92% of the salary costs being met by investment income to the fund.
Manse/Property Capital Fund: This fund represents the value at cost of the Manse owned by Barclay Viewforth.
Sunday School: This provides the resources for the Kingdom Kids (Sunday School) which meet on a Sunday during the morning service. It also funds any outreach specific to children which may be undertaken. Its regular activities are resourced from the General Fund which in 2024 was with £600.
Emerging Church Project Fund: As there had been no calls on this fund for a number of years it was decided to close the account and the balance of £675 was transferred to the Sunday School account, the fund having been originally set up for a youth project.
21
Edinburgh Barclay Viewforth Church of Scotland Notes forming part of the financial statements for the Year ended 31 December 2024 (cont.)
15 Collections for Third Parties
| Poppyscotland Appeal – Retiring Offering Remembrance Sunday Macmillan Cancer Origin Scotland Junction 42 Jengauganda.org Edinburgh University Christian Union Freshers' Week Bruntsfield Evangelical Church - Foodbank+ Bethany Christian Trust |
2024 £ 270 — — — 927 138 712 177 |
2023 £ 117 725 25 99 — — 504 236 |
|---|---|---|
| 2,224 | 1,706 |
22
APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
| CAPITAL ACCOUNT Credit Balances held at 31 December at cost Market Value of Balances at 31 December REVENUE ACCOUNT Credit Balance at 31 December |
2024 £ 2,460 3,213 8,623 |
2023 £ 2,460 |
|---|---|---|
| 3,046 | ||
| 8,121 |
23