Edinburgh Inverleith St Serfs Church of Scotland ACCOUNTS For Year to 31 December 2024 Congregation No- 010045 Charity No- SC015442 SORP accounts Edinbu h Inv6d&ith Sl Seffs Chu¥ch ol scotn 31sl Decemb8r 2024
Edinburgh Inverleith St Serf's Church of Scotland Accounts for year to 31 December 2024 Index Trustees, Annua1 R8POrt Referenoe and Administrauvo Information Independenl Examiner's Report statement of Financi81 Activities Balance Sheet Accounting Policie5 Notes forming part of the financial statements Ed¢nburgh Inverteilh St Serf8 Church of Scotland 31s1 De¢gmber 2024
Trustees, Annual Report Year ended 31 December 2024 Structure, Governance and Management Govoming Document . The Church is administered In accordance with the ter of the Church of Scotland Unitary Conslilution. Rgcrullmont arbd Appolntment of Trustees AJI trustees must be elders or the ordained minister of the congregation. Elders are appointed by the minister and a nominating committee from the Kirk Session. In idenllfying candidates account is taken of their qualities and lalenls and should they accept, training is provided by the minister prior lo their Ordination. The Minister, who is a member of the Kirk Session. is elected by the Congregation and inducted by Presbytery. Oryanlsational Structurg . The business slru¢tUTe is managed by the Kirk Session through the followng committees.. Communicalions, Finance & Stewardship, Mission & Dlscipleshlp, Pastoral Care, Property and Operations. The Kirk Session, which meets a minimum of four limes a year is, in addition, responslble for the spiritual affairs wlhin Ihe Church, Objèctives and Activltlès The Church of Scotland is Trinilarian in doctiine, Reformed In Iradlllon and Presbyterian in polity. 11 exists to glorify God and lo work for the advancement of Christ's Kingdom throughout the world, As a national Church, il acknowledges 8 distinctive call and duty to bring the OTdinances of religion lo the people in every parish of Scotland through a territorial ministry. It cri-operates with other Churches in various ecumenical bo¢Jies in Scotland and beyond. Its aim is to model love and ¢ommunily by the way in whSch il work together as a congregation and by ils interaction with local community and the world at large. A¢hievemgnts and Porfomiance . Inverleilh Sl Serfs has now. through CTrcumstances beyond our ¢ontrol. been in vacancy for more than three years. We are indebted lo The Rtsv DoTolhy U Anderson. our lo¢um, for providing pastoral support and ndu¢ll lo her, our Interim hftoderaloi, . fo¢used and outward-looking thanks holiday periods, and many de who Provides ministerial cover during Despite the uncertainties surroundlng the iMplenntaI10n of the Fresbylery Mission Plan, we regularly have around 80 attending Sunday mTning worship. In addition, we have resumed monthly Wednesday afternoon worship attended by around 20. Our monthly Early Birds service, held on a Sunday, which is geared towards young families, has between 20-25 TegLtlaTworshippers and the monthly Pram service, held on a Monday moming. h8s around 10. Both the Pram and Early Birds services are led ljy members. Over the year the well allended Toddler Group attracted mote than 80 families, many from Dutside the congregation and the parish. The Book Club, Nostalgia Café. monthly Coffee House and the Guild all continue lo thrive. The Eco Group pursued various iniliatives and are seeking Bronze recognition, The missional Work of the congregation continued throughout the year and included support for Fresh Start, Christian Aid, Granlon Foodbank and the Thistle Foundalion as well as Poppy Scotland, Mcmillan Cancer Support and ToSlet Twinning run by Tear Fund (Note 16). This year we had another generous response to the Pillon Circle of Care loy appeal. A very important conlribullon lo the life of the congregation has been the support thTOUghoul the year, by telephone and vi511s, from the Pasloral Care Team to si¢k and housebound members and where appropriate, deliveries of caTds and flowers are made. Including unifom)ed organlsab'ons, the use of our building5 by over 30 external org8nisali0115 continue5 and includes public orchestral concerts and theatre performances. The Church Centre in particular, provides valuable facility for the benefit of the wider commtjnily. induding a number of dance an(J fitness groups, the Community Council. Residents Associations and as a polling Slalion. The affilialed uniformed organisalions comprise 3 Rainbow unlls. 3 Brovmie packs, 2 Guide ¢ompani8s and 1 Ranger unit which are all well attended. Prlncipal Rlsks and Uncertaintl&$ The KSrk Session, as trustees, are responsible for the idenlffication aNI management of risks and uncertainties that may impact on the fulLFre of the ¢ongregalion. The principal risk for the congregation is Ihe maintenance of giving of monies towards the upkeep of ils premises and the paymenl of salaries and dues to central Church of Sco118nd funds. The Finance and Stewardship Committee, a commitletr of the Kirk Session, reviews levels of giving, carrles out periodic stewardship campaigns and WDrks to support Var5 fund-raising activities. The Kiik Session approve8 an annual budget for the ¢ongregation and reviews actual income and expenditure again$1 the budget al each Kirk Session meeting. The ongoing uncertainly Tesuling Irom the lack of a resolution wilh regaTd to the Presbytery Mission Plan throughout 2024 iesulted in considerable frustration for the Kirk S¢ssion and an inability to call a new minister. Edinburgh Inverfeith St S8rf$ chUh of ScolFand 3fsi Decemir 2024
Fin8n¢lal Rèview.. SOFA (Page 6) As a result of a number offactOTS, income for 2024 compared to the previous year rose by £60,243 to £196,021. In the light ol very significant increases in energy and ministerial costs, members responded to an 8ppeal lo review their giving which rose by 15% in the year from £72,597 to £83.910. In addition, there were increases in PToperty and hall let income of £10,880 {24Qhl, in church and fundraising aetivilies of £3,923 {50%1 and in investment income by £1,671 1280AI. Added to this We some exceptional income streams. The first was a fvrther refund of gas charges from PTIOT lo 2023 of £3,151, but more significantly Was income relating to the refurbishment of the large hall in the Church Centre and included grants of £12,919 in respect of VAT from the Listed Places ofvvorship Grant Scheme and the release of£8,673 from the Consolidate(J Fabric Fund. The most significant increases in expenditure related to Ministries and Mission of £5.808 {10%1 and energy ¢0515 of £10.155150%}. There were also significant one-off costs relating lo the hall refurbishment referfed to above of £91.633 and organ Tepairs of £4.405. This all Tesulled in costs increasing by £109.674 10 £228.119. The deficit before the unreallsed galn on the investments was £32,098. This arose from the exceptional expenditure on the Large Hall which, after allowing lor Listed Places of Worship grants and Ihe contribution from the Consolidated Fabric Fund, resulted in a net cost of £68.917. The trustees were sa115fied that wth the Hall Refurbishment Fund of £41,000 and the funds being generated in the year, Iheie were adequate resources lo meet this cost. Ignoring the one-off exceptional income and expenditure Telallng lo the hall refurbishment and gas refund, there was an underlying surplus of £34,792. The deficit of £32,098 and an unrealised gain on the value of investments of £7.850 resulted in a reduction ot £24,248 in the Funds of the church at 31 December 2024 from £925,032 10 £900,784. 891gn¢e Sheet (Page 7) D41fing the year there no was change in the investments held in the Church of Scotland Income and Growth Investment funds. However, Ilwas necessary lo drawdowt) cash fiom Ihe Church of Scotland Deposit Fund for the refurbishment project and this reduced ffom £55,104 al the beginning of the year lo £15,104 at 31 December 2024. The value of investments increased by £7.850 from £154,479 the previous year lo £162,329 al 31 December 2024 (Note 10). At the year end. four funds were transferred from the Designated Funds lo the Reslricled Funds as these had been gifted for specifi¢ PUfP05es (see Note 141. Thi5 resulted in the lolal lunds of £900,784 al the year end being comprised of-, Restricted Funds of £21,159, Designated Funds of £867,501 and General Fund of £12,124.11 is the Trustees, policy to hold reserves, including designated funds, that are no less than approximalely six months expenditure. Excluding the Property Fund of £700,000, and the Investment Revaluation Fund of £44.115 at the year-end the Church held unrestricted funds of £135,510 being approximately twelve months expenditure. stat8ment of Tru$tges' Responslbllltlè$ Charity law requires the trustees to prepare financial ststements foT each financial year which show a true and fair view of the stale of affairs of the charity and its finan¢i81 aclivilies for that period. In preparing those financi81 ststemenls, the Iruslees aTe require¢J lo.. select suitable accounting ptsllcies and then apply them consistently. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards and slalemenls of recommended practice have been followed, subject to any departures disclosed and explained in the finan¢ial stalemenls., and prepare the financi81 slalemenls on the going concerrs basis unle55 11 is inappropriate lo presume that the charity will continue in operatfjonal existence. Approved by thè Trustees and signed on their behalf. Joint Session Cleik Joint Session Clerk 18 Mah 2025 18 March 2025 Edinburgh Inverleith St Serfs Church of Scotland 31st D8cemb&r 2024
Trustees, Annual Report Year ended 31 December 2024 The Iruslees present the annual report and accounts for Ihe Edinburgh Invedellh Sl Serfs Church ol Scotland, for the year ended 31 December 2024. Refer¢nc• and Administrotlve Informatlon Charity Name.. Charity Registration Number.. Congregation Reference Contact Address.. Edinburgh Inverleilh Sl Serfs Church of Scotland SC015442 No.'010045 Trustees - Kirk Session Bankers Royal Bank of Scotland, Wesl End Office (El Branch, 142-144 Princes Street, Edlnburgh EH2 4EQ Edinburyh Inverleith St Serfs Church ol Scolland 31st Decembèr 2024
Inverleith St Serfs Church of Scotland. Edlnburgh SC015442 Report of the Indepondent Examlner I report on the accounts of the charity for the year ended 31st Decamber 2024 which are sel out on pages 6 to 14. RespeGtlve r¥$ponslblllllos of trustèes and examinèr The Charity's Iruslees are responsiblè for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment {Scollandl Act 2005 and the Charities Accounts Iscotlandl Regulalions 2006 {as amended). The charity Irusle8s consider that the audit requirement of Regulations 10111181 lo Icl of the 2006 Accounts Regulations does nol apply. It is my responsibility lo examine the accounts as requid under section 44111 Icl of the Act and lo slate whether parti¢ul8r matters have com8 to my attention. Ba$1$ of ind•pondont frxamlnÈr'¥ statement My examination is Carried out in accordance with Regulatlon 11 of the 2006 Accounts Regulations. An examination include5 a review of the accounting re¢ords kept by Iha charity and a coThparison of the accounts presented with those records. 11 also in¢lud8s consideration of any unusual iltsms or disclosures in the accounts, and seek explanations from the trustees conceming any such maller. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenlly I do not express an audit opinion on Ihe view given by tre accounts. Indgpendent oxamlner's ststemont In the coltrse of my examination, no matlgr has come lo my attention- which gives me reasonable cause lo believe that. in any material respect, the requirements: to keep accounting records in accordan with Section 4411) lal of the 2005 Act and Regulation 4 gf the 2006 Accounts Regulalion, and lo preparo accounts which accord with the accounting record5 and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. lo which. in my opinion, allenlic>n should be drawn in order to enable a proper underslandlng of the accounts lo be reached. Cowan & Parln8rs Limiled 60 ConsliluliDn Street Leilh Edinburgh EH6 6RR Edinburgh Inverfeiih St Serf's Chur¢h of Scotland 315t DecembBr 2024
Statement of Financial Activities Year ended 31 December 2024 Nota General Fund 2024 Designated Restriclod Funds Funds 2024 2024 Total 2024 Total 2023 Income and endowmant from: Donations an¢J Lega¢Èo5 Charitable activities Other trading activities Inveslrnenls Other 90,360 6,113 55,233 7,709 25,133 100 5,639 5,000 95.46D 11.752 55,233 7,709 25,867 73,757 7,829 44,353 6,038 3.801 734 Total Sncomq 184,548 6,473 5.000 196,021 135.Th8 Expenditure on: Fiaising funds Charitable aclivilies Other 104 177,794 104 228.015 99 118,346 49,621 Total expandltura 177,898 49,621 600 228119 118,445 Net incomellexpandilurel b8fore gains and losses on investments 6,650 143,1481 4,400 132.0981 17,333 Gain on revaluation of investments 7,850 7,850 8.643 Nel incomellexpendilurel 6,650 35,298 4,400 24,248 25,976 Funds Brought Forward 5,474 917,176 2.382 925,032 899.056 Transfers Beleen Funds 14 114.3771 14,377 Total funds carrled forward 14 12,124 21,159 900.784 925.032 Edinburgh Invedeilh St S8rfs Church of Scotland 31st December 2024
Balance Sheet At 31 December 2024 Unre5tri¢tgd R¥$trlcted Funds Funds 2024 2024 Total 2024 Total 2023 Note Flxed Assets Tangible Fixed Assets Investments 700,000 161,088 861,088 700,000 162,329 862,329 700,000 154,479 854.479 10 1,241 1.241 Total Fixèd A$sots Current Assgt$ Debtors 5,068 22.914 27,982 5,068 42,832 47,900 2,848 76,391 79,239 Bank and ¢8sh Total Current Assets 19,918 19,918 Croditors Falling due within one year Net Current As$•ls 12 19,445} 18.537 19,4451 38.455 18.6861 70,553 19,918 Creditors falling due after more than one year Net A$sats 879,625 21.159 900,784 925.032 The funds of the charity: 14 Reslricled Funds Unre51ricled Designated Funds Unrestricted General Fund Total charlty funds 21,159 21,159 867.501 12,124 900,784 2.382 917,176 5.474 925.032 867,501 12,124 879,625 21,159 No Endowment Funds were held by the Church during the years 2023 and 2024. The accounts were approved by the Kiik Session on 18 March 2025. FDr and on behalf of the Kirk Session, Edinburgh Inverlellh Sl Serfs Church of Scotland 31 st December 2024
Edinburgh Inverleith St Serfs Church of Scotland Accounting Pollcies The principal accounting policies. which have been applied consislenlly In the current and procedlng year in dealing wilh items which are considered material lo the accounts, are sel out below. The Charity adopts the requirements of the Slalement of Recommended Practice.. Accounting and Reporting by Charities120191. Basis of praparatlon The financial slalem8nls have been prepared in accordancg with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the FSnancial Reporting Standards applicable in the UK and Republic of Ireland IFRS1021 effectivo 1 January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, the Charitigs and Trustee Inveslm&nl {Scollandl Act 2005 and tha Charities accDunls (Scollandl Regulations 2006 las amended). Funds Funds are classified as either reslrioled funds, gndowmenl funds or unrèstricted funds. defined as follows. Reslricled funds are funds subject lo Specif requirements as lo their use which may be declared by the donor or with their authority or created through legal processes, bul slill wilhir7 the wider objects of the charily. Endowment funds are funds which have been glven on the condilton that the original capital sum is not reduced, but the income Is used for the purpose defined in accordance with the objects of the charity. Unreslricled funds are expendable al the discretion of the trustees in furtherance of the objects of the charity. If parts of the unreslrictsd funds are earmarked al the dis¢rellon of the trustees for 8 particular purpose, Ihey are designated as a separate fund. This designation has an 8dmlnlslratEve purpose only and does not legally roslrict the trustees, discretion to apply the fund. Incomlng r&sourca$ All donations and gifts are included within incomlng resources under either unrestricted or reslricled funds according lo the terms under which th& donation Is made and when th? amount can be quantified with reasonable Certainly. Donalions and gifts in kind are brought into the accA)unts at their market value lo the charity. Resources expended Expenditure is recognised on an ac¢ruals basis as the liability is Incurred. Tangible fixed assets The charily has the right lo occupy and use for ils charitable objects certain tangib18 fixed assets, including the Church, halls and Tnanse, vested in the trustees for the congregalion. No Consideration is payable for the use of these assets. ExpendSlure incurred on the repair and mainlanance of these assets is charged as resources expended in the ststemenl of financial activities in the period In which the liability arises. The church manse al East Lillypol and the Ifal al Royslon Terrace are held al mark81 value in the balance sheet. Invg$tmonts Fixed asset investments are slated at market value al the balance sheet dats. Unrealised gains 2nd losses repre58nt thè difference between the market value at the beginning and end ol the financial year or, if purchased in th8 year, the difference beeen Cost and market value al the end of the y8ar, Realised gains and losses represent the difference between Ihe prOed5 on disposal and the market valuo al the start of the year or cost if purchased in Ihe year. Taxatlon Edinburgh Inverlellh Sl Serfs Church of Scotland is racognised as a ¢harily for the purposes of applicable taxation legislation and is therefore not subject lo laxalion on ils charitabl¥ aclivilies. The charity 1$ not registered for VAT and resources expended IheTefore include irrecoverable input VAT. Rgsgrves It is the Trustees, policy lo hold reserves. including designated funds, that arts no less than approximat6ly slx months expenditure. Excluding the Property Fund of £700,000, and the Investment Revaluation Fund of £44,115 al the year-end the Church held unreslricled fijnds of £135,510 being approximately Iwolve months expenditure. Edinburgh Inverlgith St Serf5 Church of Scotland 31st December 2024
Notes forming part of the Ilnanclal atftments for the year ended 31 December 2024 Ggngral Fund 2024 0g$lgnated Restricted Funds Funds 2024 2024 Total 2024 2023 1 Donations and Legacl&s Offerings Tax recovered on Gift Aid Legacies Value of donated gifts Other donations 66.939 16.971 66.939 16.971 5.000 61,D99 11.498 5.000 6,450 90,360 100 100 6,550 5.000 95,460 1,160 73,757 2 Income from charltable a¢tlvltlos Weddings and Funerals Coffee Mornin9S Church Groups FundraSsing 1.364 2.167 1,364 2.167 5.639 2.582 11.752 1.100 1.253 4.470 1.006 7,829 5,639 2.582 6.113 5.639 Church Groups refers to The Guild, Toddler5 Group and the Flower Guild (see Note 14). 3 Income from (Ahor tradlng actlvltlg$ Rent received 55.233 55,233 44.353 4 Investmont Income Dimdends received Deposit interest 6.011 1,698 7,709 6,011 1,698 7,709 1,623 4.415 6,038 S Other incomo Refund of Gas Overcharge Listed Places of Worship Grant Scheme Receipts from General Trustees 3.151 13,309 8,673 25.133 3.151 14,043 8,673 25,867 3,801 734 734 3,801 Grand Total 184,548 6,473 5.000 196,021 135.778 Edinburgh lnverlelth Sl Serfs Church of Scotland 31st December 2024
Notes forming part ofthe financial statemenls for the year ended 31 December 2024 General Fund 2024 Designated Restricted Funds Funds 2024 2024 Total 2024 2023 6 Analysis of Expenditure Raising Funds Offering Envelopes 104 104 104 104 99 99 Charltable Actlvltles Minislries and Mission Allocation Presbytgry Dues Minislerfs Expenses Pulpit Supply Other salary Costs Fabric Repairs & Maintenan H811 Refurbishment Project Other Buildings Cos15 Church Office Expenses Organ & MLJSIC Other Exptsnsès 63.444 1,099 63.444 1,099 57,636 960 240 4.400 19,011 50,633 30.721 3,697 2,329 2,220 177,794 240 4,400 19.011 91,633 30,721 3,697 6,934 8,836 228.015 240 4,300 23,337 41,000 20,566 3,766 1,912 5,629 118.346 4.405 4,216 49,621 200 400 600 Total 177,898 49,621 600 228,119 118,445 The Iruslees consider there is only one charitable activity arml support costs relate wholly lo that actiwty. The large hall in the Church Centre underwent extensive refurbishmenl at a total cost of £91.633 of whi £12,919 ofVAT was recovered from Ihe Listed Places ofworship Grant Scheme leaving £78,714. Funds of £36,000 were IransfeTred from the Hall Refurbishinenl Fund and £5,000 from the Toddler Fund leaving £37,714. The balance r)n the Consolidated Fabric Fund of £8,673 (Note 5 and Appendix) was released lo assist with funding the proiecl. 2024 2023 7 Staff cost$ and numbers Salaries and wages Social security costs Total 4.400 4.300 4.400 4.400 The avorago numb8r of employees during the year. calculated on the basis ol a head count. was as follows.. 2024 2023 Ministerial support Music staff All Church of Scotland conuregalions contribute lo the National Stipend Fund which bears the costs of all minSslers' stipends and employer's contributions lor national insvmnce. pension and housing and loan fund. Ministers, stipends are paid in accordance wilh the natsonal stip6nd seale, which is r6181ed lo years of service. For the year under review the minimum stipend was £30,135 and the maximum stipend in the 5tt) and subsequent years was £37.032. 8 Tru$tg0 Remunorotlon and Related Party Transactions No payment was made in rospecl of work done or services provided by 8 trijslee {2023 £0)- Rglmbursement of expenses, includlng disturban¢• allowance, incurred by a trustee There was no reSmbursoment of expenses incurred by Iruslees in the year. During the year a lolal of £18,02512023 £16,5791 was donated to the congregation by Iruslees. Edlnburgh Inverfellh St Serfs Church ol Scotland 10- 3tsl December 2024
Notes formlng part of the flnanclal statements for the year ended 31 December 2024 9 Tanglble Flxed Assets 2024 Buildings 2023 Market Value At l January 2024 Additions Disposals Unrealised gain I Ilossl on fixed assets At 31 Oecember 2024 700,000 700,QDO 700,000 700 000 Accumulat&d Depreciation At 1 January 2024 Charge for year Eliminated on Disposals Al 31 December 2024 Net Book Valuo Al 31 Dec8mb8r 2023 Al 31 Decomber 2024 700,000 700,000 700,000 700,000 Nole.- The properties al 24 East Lilypol and 7 Royslon Terface w8re revalued in June 2012 by David Adamson & Partners Lld, Ch8rlered Surveyors. 10 Invostments 2024 2023 Market value at 31 December 2023 Investments purchased in the year Investments sold in the year Unrealised gain on investments Market value at 31 December 2024 154,479 116,838 20,998 7,850 162,329 8,643 154,479 Investments al cost 118,214 118,214 The following investments are held'.12,982 Unlls in th& Church of Scolland Investment Trust Growth Fund.. 7,098 Unils in the Church of Scotland Investment Tiust Income Fund and £1,000 in Cafedirecl pl 11 Debtors 2024 2023 Glft Aid Tax Refund Due 5,068 2,848 12 Crèditors 2024 2023 Due to Charitie5 Accruals 502 8,943 9.445 880 7,806 8.686 13 Analysis of Net Assets Among Funds General Deslgnatad Rastrlctod 2024 2023 Fixed Assets Investments Current Ass815 Current Liabilities Nel assets al 31 Dec 2Q24 700,000 161,088 6,413 700.000 162,329 47,900 9.4451 900,784 700,OOQ 154,479 79,239 {8.686 925,032 1.241 19.918 21,569 19,4451 12,124 867,501 21,159 Edinburgh Inverloith Sl Serfs Church ol ScotlanLI 31st December 2024
Notes formlng part of the Ilnan¢lal statements for the year ended 31 De¢ember 2024 14 Movem•nts In Funds Atl GalnllL0551 January Incoming Outgoing on 2024 Resour¢g$ Resource$ Revaluation Transfgrs At 31 Dec 2024 Endowmpnt funds Restrlcted funds The Brown Bequest The Henderson Bequest The Malhieson Bequest The Neil Bequest The E Kinnear Bequest The Stewart Bequegt The Sutherland Bequest Art Fund E Menliplay Bequest Fund K Stewart Fli)wer Fund K Stewart Organ Fund 200 200 425 400 1200) 1200 425 200 5.OOD 507 650 1.629 8,419 1,000 3,329 1200) 5,000 507 650 1.629 8.419 1,000 3,329 600 UnrestrSctsd funds Desi naled Fabric Fund Art Fund E Menliplay BeqL¢e$t Fund Organ Mainlen8nc& Fund Flower Guild Fund Guild Fund Investment Revalualion Fund Large Hall Upgrade Fund Pastoral Fund Property Fund - Manse Property Fund - Royston Flat Special Resetve Fund Toddlers Group Fund 40.000 1,629 8.419 7.000 1,147 1,114 36,265 35,000 200 500,000 200,000 80,000 6,402 40,000 {1,8291 {8,419) (3,329) 11,000} 734 1,011 1,375 14,4051 11,0621 11,1681 96 1,321 44,115 7,850 1,000 100 141,0001 12001 5.000 100 500,000 200.000 80,000 1,869 2,253 {1,786} {50001 Designated 917 176 49,V21 867.501 Undesi naled General Fund 5.474 184 548 184,548 177,898 177898 12,124 Undesignaled Unrestrictgd funds 922,650 191,021 227.519 7,850 14.377 879,625 925,032 196,021 228.119 900,784 Pnovemgnts In Funds held by Church of Scotland General Trusteos. At1 GainllLos$l January Incomlng Outgolnu on 2024 Resources Ro$our¢es Revaluation Transfers At31 De¢ 2024 Consolidated Fabric Fund- Revenue Consolidal¢d Fabric Fund- Capilal 2,714 5,959 172 2,735 5,959 151 172 151 As these funds are held and controlled by the General Trustees of the Church of Scotland and not the charity, these do nol form psrt of these accounts and do not appear the Balance Sheet on page 7. During the year, the Edinburgh and Wesl Lolhian Presbyiery appToved the release of the funds held in the Con591idaled Fabric Fund lo assist with the costs of the Large Hall Refurbishment an¢J these have been treated as income in the year. (See Note 5) Edinburgh Inverleith Sl Serfs Chufch of Scotland 12- 31st December 2024
Notes forming part of the financial statements for the year ended 31 December 2024 14 Movement in Funds- Continu•d Pur ose5 of Endowment Funds Th&re are no Endowment Funds oses of Res ricled Funds The Brown Bequest The Henderson Bequest The Stewart Bequest The Mathieson Bequest The Neil Bequest The Sutherland Bequest The E Kinnear Bequest Art Fund E Menliplay Bequest Fund Cholr and Musl¢ - Sanctuary Flowers - Sanctuary Flows Junior Church & Flowers Junior Church Work of Mir)islries and Misslon For the enFichmenl of the fabric of the chur¢h For the provision of art works within the Church Estate For general Ltse in the sanctuary and administered by the Klrk Session - Sanctuary Flowers for asslsllng with the maintenance of Ihe orga K Stewart Flower Fund K Stewart Organ Fund During the year the following funds were close¢J= The Brown Be4ue51- £200 with a contributK)n towards the cost of hymn books for the choir The Henderson Beque$t- £200 with a ¢onlribution towards the cosl of sanctuary flowers The Art Fund. E Menliplay, Organ Fund (renamed Tl)e K Stewart Organ Fund) and £1.000 in the Flower Fund Iname¢J the K Stewart Flower Fund) were transferred from Delegated lo Reslricled Funds in view of these having Originally arisen from gifts 01 bequests for Specific purposes. Pur es of Des nated Funds Fabric Fund Flower Guild Fund Guild Fund Ir)veslment Revalualion Fund Large Hall Upgrade Fund Pastoral Fund Property Funds Special Reserve Fund Toddlers Grcwp Fund - for significant maintenance of the church property for the work of the Flower Guild for the activities of Ihe Guild for ihe accumulated unrealised gainlloss in the value of investments - for the upgrade of the large hall - for the work of Pastoral Care - for the maintenance of properties olherthan church - for major projects or exceptional expenditure - for the woik ofthe weekly Toddlers Group During Ihe year th& Large Hall Upgrade Fund was closed followng the completion ol the upgrade work. 15 Voluntee¥s In common Mnth all congregations of the Church of Scotland the congregation benefits frown the contribution made by volunteers who give their time and talènts willingly for the benefit of the Church. The areas of congregational life which Tely on the contribulion of volunteers are many and varied and much of the acb'vily would be unable lo continue were il not for the commitment shown. 2024 2023 16 Colloctlons for Thlrd Partieg Poppy Scotland Embrace the Middle East Disasters Emergency Committee Turkey Syria Earthquake Granton Food Bank The Thistle Foundation Macmillan Caneer Support Coffee Morning Christian Aid TearFund- Toilet Twinning UNICEF IR8ised by Toddlers Group) 600 600 1,186 800 1.715 3.900 1,856 475 1,301 900 100 9.132 460 1,015 100 5.676 These refle¢l funds Taised for other Charities through retlral collections, fund raising anrl ehurch aclivilies. In addition lo the financial SUPPDrt given lo Granlon Food Bank. contributions of provisions were also made. Edinburgh Inverfeilh S¢ Serfs Church ol Scotland 13- 31st December 2024
Notes foming part oflhe Ilnanclal statements for the year ended 31 December 2024 Statement of Flnanclal AGtlvlties CompaTative5 for 2023 17 G•nèral Funds 2023 Dèslgnatad Rastrictad Funds Fund5 2023 2023 Total Income and endowment from: Donations and Legacies Charitable acb'vilies Other trading activities Inveslments Other Tot81 Income Expenditurè on: Raising lunds Charitable activities Other Total oxpandlture 73.757 3,359 44,353 6,038 3,801 131,308 73,757 7.829 44.353 6,038 3,801 135.778 4.470 4.470 99 110,543 99 118,346 7,530 273 110.642 7.530 273 118.445 Net incomellexpendlture) befofe gains and losses on Invostmonts 20,666 (3.060) 1273) 17.333 GainJLoss on revaluation of investments Net Incomellexpenditurel 8.643 20.666 5,583 273 Transfer lo Church of Scotland General Trustees Fabric Fund Net movem•nt in funds 20,666 5,583 273 25.976 Total funds brought forward 3.351 893,050 2,655 899,056 Transfer bglwggn Funds 18.543 1B.453 Total funds carrled forward 5,474 917,176 2,382 925,032 Edinburgh Invedeith St Serfs Church of Swtlond 14- 31st Decamber 2024