## **Edinburgh Inverleith St Serf's Church of Scotland** ## **ACCOUNTS** ## **For Year to 31 December 2025** Congregation No: 010045 Charity No: SC015442 SORP accounts Edinburgh Inverleith St Serf's Church of Scotland 31st December 2025 **Edinburgh Inverleith St Serf's Church of Scotland** ## **Accounts for year to 31 December 2025** |Index|| |---|---| |Trustees' Annual Report|2| |Reference and Administrative Information|4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Accounting Policies|8| |Notes forming part of the financial statements|9-14| Edinburgh Inverleith St Serf's Church of Scotland - 1 - 31st December 2025 **Trustees’ Annual Report Year ended 31 December 2025** ## **Structure, Governance and Management** **Governing Document:** The Church is administered in accordance with the terms of the Church of Scotland Unitary Constitution. **Recruitment and Appointment of Trustees: All 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 identifying candidates account is taken of their qualities and talents and should they accept, training is provided by the minister prior to their Ordination.** The Minister, who is a member of the Kirk Session, is elected by the Congregation and inducted by Presbytery. **Organisational Structure:** The business structure is managed by the Kirk Session through the following committees: Communications, Finance & Stewardship, Mission & Discipleship, Pastoral Care, Property and Operations. The Kirk Session, which meets a minimum of four times a year is, in addition, responsible for the spiritual affairs within the Church. **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. Its aim is to model love and community by the way in which it works together as a congregation and by its interaction with local community and the world at large. **Achievements and Performance:** Through circumstances beyond our control Inverleith St Serf’s has been in vacancy for more than four years. We are indebted to The Rev Dorothy U Anderson, who acted as our locum minister for most of that time, for providing pastoral support and conducting worship. The congregation remains strong, focused and outward-looking thanks to her, our Interim Moderator, Rev Dr Ian Alexander and the Rev Matthew Bicket, who has provided ministerial cover during holiday periods, and many dedicated volunteers. Since the end of the financial year we have found and called a new minister for our congregation. Shahrukh Gill will be ordained and inducted to the charge of Inverleith St Serf’s on 23[rd] March 2026. Throughout the year, we regularly have over 80 people attending Sunday morning worship. We have monthly Wednesday afternoon worship attended by over 20 people. Our monthly Early Birds service, held on a Sunday, which is geared towards young families, has between 20-25 regular worshippers and the monthly Pram service, held on a Monday morning, has around 10 people. Both the Pram and Early Birds services are led by members. Over the year the well-attended Toddler Group attracted more than 80 families, many from outside the congregation and the parish. The Book Club, Nostalgia Café, monthly Coffee House and the Guild all continue to thrive. The Eco Group pursued various initiatives and succeeded in attaining a Bronze award. The missional work of the congregation continued throughout the year and included support for Fresh Start, Christian Aid, Granton Foodbank (in addition to weekly donations of food and provisions), Pilton Circle of Care (including generous donations of toys for their Christmas appeal) and the Thistle Foundation as well as Poppy Scotland, (Note 16). This year we had another. A very important contribution to the life of the congregation has been the support throughout the year, by telephone and visits, from the Pastoral Care Team to sick and housebound members and where appropriate, deliveries of cards and flowers are made. Including uniformed organisations, the use of our buildings by over 30 external organisations continues and includes public orchestral concerts and theatre performances. The Church Centre in particular, provides a valuable facility for the benefit of the wider community, including a number of dance and fitness groups, the Community Council, Residents Associations and as a polling station. The affiliated uniformed organisations comprise 3 Rainbow units, 3 Brownie packs, 2 Guide companies and 1 Ranger unit which are all well attended. **Principal Risks and Uncertainties:** The Kirk Session, as trustees, are responsible for the identification and management of risks and uncertainties that may impact on the future of the congregation. The principal risk for the congregation is the maintenance of giving of monies towards the upkeep of its premises and the payment of salaries and dues to central Church of Scotland funds. The Finance and Stewardship Committee, a committee of the Kirk Session, reviews levels of giving, carries out periodic stewardship campaigns and works to support various fund-raising activities. The Kirk Session approves an annual budget for the congregation and reviews actual income and expenditure against the budget at each Kirk Session meeting. Edinburgh Inverleith St Serf's Church of Scotland - 2 - 31st December 2025 With the appointment of a minislef in 2026, there will be a loss of rental income of about £19.000 net per annum that has been enjoyed from the manse. In addition, the contribution lo the national church for Giving lo Grow in 2026 is lo increase by 12 /0. This increase results from the Givin9 to Grow assessrnenl being based on the income slated in the 2024 published accounts, which included the benefit oflhe income from the manse Tent. This increase combined with the loss of the manse income may result in the church suffering a deficit in 2026, bul the position is expected lo be a temporary situation arising from the basis of the Giving lo Grow assessment. A similar situation may arise in 2027 as this will be based on the 2025 published accounls, which also include the benefit of the manse rental Income. Thereafter assessments should reflect the true position. v￿lIe efforts will be made lo minimise the impact of this liming difference, the Iruslees are satisfied there are sufficient fund5 to meet the P0511ion going forward. FIDancial Review . SOFA (Page 6) The total income for 2025 of £164,813 was in line with 2024 al £165. 154 after having allowed for exceptional items in 2024 amounting to £30,867. Similarly, there were exceptional costs in 2024 relating lo the hall refurbishment and organ repairs, but the underlying expenditure of £133,000 was similar lo the level in 2025 of £137,426 after allowing fr)r £18,000 of significant fabric costs relatin9 to the redecoration of parts of the church centre and repairs to leaded windows. The overall result for the year produced a surplus in the unrestricted funds of £5,600. In view of the increase in property values since the last valuation undertaken in 2012. updated values were obtained in the year for the manse at East Lillypot and the flat al Royslon Tetrace and resulted in an increase of £300,000 10 £1,000,000 (See note 9). In addition, there was an increase in the value of the investments al the year end of £8,833. The activities of the Toddlers, Guild and Flower group generated nel income of £1,937 and this along with the sufplus of £5,600, the £308,833 increase in asset valuations and a grant from the North Merchislon Fund of £1,850 to support mission work, resulted in an increase in the total funds of £318.220 from £900,784 to £1,219,004. Balance Sheet (Page 7) During the year there no was change in the investments held in the Church of Scotland Income and Growth Investment funds. Improved liquidity in the year allowed a further £15,000 to be placed on deposit with the ChuTch of Scotland Deposit Fund taking this lo £30,000. Imth the increase in the value of the investments these rose from £162,329 to £171,162 al 31 December 2025 {Note 101. The total funds of £1,219,004 at the yea¥ end comprise(l Restricted Funds of £22,373, Designated Funds of £1,176,673 and General Fund of £19,958. 11 is the Trustees, policy lo hold reserves, including designated fvnds, that are no less than approximately six months expenditure. Excluding the Property Fund of £700,000 and Property Revaluation Fund of £300,000, at the year-end the Church held unrestricted funds of £196,631 of which £80,000 was in a Special Reserve designated for future contingencies and £40,000 in a Fabric Fund for significant planned building repairs. This left £76,631 being approximately six months expenditure. Statement of Trustees, Responsibi1Sties Charity law requires the trustees lo prepare financial statements for each financial year which show a true and fair view of the slate of affairs of the charity and its financial activities for that peTiod. In preparing those financial statements. the trLrstees are required lo.. select suitable accounting policies and then apply them consistently.. make judgements and estimates that are reasonable and prudent.. stale whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the financial statements," and prepare the financial statements on the going can￿rn basis unless il is inappropriate to presume that the charity will continue in operational exister￿. Approved by the Trustees and signed on their behalf, Helen Hannan Alexander Pratt Joint Session Clerk Joint Session Clerk 17 March 2026 17 March 2026 Edinburoh Inverfeilh Sl Serfs Church of Scotlan 31st December 2025 ## **Trustees’ Annual Report Year ended 31 December 2025** The trustees present the annual report and accounts for the Edinburgh Inverleith St Serf's Church of Scotland, for the year ended 31 December 2025. ## **Reference and Administrative Information** |Charity Name:|Edinburgh Inverleith St Serf's Church of Scotland| |---|---| |Charity Registration Number:|SC015442| |Congregation Reference|No:010045| |Contact Address:|Mr Charles Sharp| ||20 Rocheid Park| ||Edinburgh| ||EH4 1RU| |**Trustees -**Kirk Session|| |Rev Dr Ian Alexander|Dorothy Millar| |Margaret Brown|Jim Moir| |Susan Brown|Carol Mordaunt| |John Colquhoun|Kirsten Mutch| |Fiona Davies|Elaine O'Neill| |Anne Fallow|Lorna Pratt| |Niall Flannigan|Sandy Pratt| |Donna Flouraud|James Robertson| |Helen Hannan|Allan Shaw| |Peter Hannan|Wendy Stirling| |Gordon Hughes|Drew Walker| |Alison McCallum|Catherine Walker| |Hugh McMichael|Margaret Wilkinson| |Margaret McMichael|Ross Wilkinson| |**Principal Office-bearers**|| |Interim Moderator|Rev Ian Alexander| |Joint Session Clerks|Mrs Helen Hannan| ||Mr Sandy Pratt| |Church Treasurer:|Mr Charles Sharp| ## **Independent Examiner** Mathew Gillies LLB (Hons) ACPA FCIE, Cowan & Partners Ltd, 60 Constitution Street, Edinburgh EH6 6RR ## **Bankers** Royal Bank of Scotland, West End Office (E) Branch, 142-144 Princes Street, Edinburgh EH2 4EQ Edinburgh Inverleith St Serf's Church of Scotland 31st December 2025 - 4 - **Inverleith St Serf's Church of Scotland, Edinburgh** ## **SC015442** ## **Report of the Independent Examiner** I report on the accounts of the charity for the year ended 31st December 2025 which are set out on pages 6 to 14. ## **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 (as amended). The charity trustees consider that the audit requirement of Regulations 10(1) (a) to (c) of the 2006 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 2006 Accounts Regulations. 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 seek explanations from the trustees concerning any such matter. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I 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 the 2006 Accounts Regulation, 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. Mathew Gillies LLB (Hons) ACPA FCIE Full member of the Association of Charity Independent Examiners Cowan & Partners Limited 60 Constitution Street Leith Edinburgh EH6 6RR Date 27 March 2026 Edinburgh Inverleith St Serf's Church of Scotland 31st December 2025 - 5 - ## **Statement of Financial Activities Year ended 31 December 2025** |**Note**
**Income and endowment from:**
Donations and Legacies
1
Charitable activities
2
Other trading activities
3
Investments
4
Other
5
**Total income**
**Expenditure on:**
6
Raising funds
Charitable activities
Other
**Total expenditure**
Net income/(expenditure) before
unrealised gains and losses
Gain on revaluation of investments
Gain on revaluation of properties
Net income/(expenditure)
Funds Brought Forward
**14**
Funds before Transfers
Transfers Between Funds
**Total funds carried forward**
**14**|**General**
**Fund**
**2025**
**Designated**
**Funds**
**2025**
**Restricted**
**Funds**
**2025**
**Total**
**2025**
**Total**
**2024**
88,632
00
0
88,632
95,460
7,254
5,420
0
12,674
11,752
54,381
0
0
54,381
55,233
7,276
0
0
7,276
7,709
0
0
1,850
1,850
25,867| |---|---| ||157,543
5,420
1,850
164,813
196,021| ||81
0
0
81
104
151,862
3,483
0
155,345
228,015
0
0
0
0
0| ||151,943
3,483
0
155,426
228,119| ||5,600
1,937
1,850
9,387
(32,098)
0
8,833
0
8,833
7,850
0
300,000
0
300,000
0| ||5,600
310,770
1,850
318,220
(24,248)| ||12,124
867,501
21,159
900,784
925,032| ||17,724
1,178,271
23,009
1,219,004
925,032
2,234
(1,598)
(636)
0
0| ||**19,958**
**1,176,673**
**22,373**
**1,219,004**
**900,784**| Edinburgh Inverleith St Serf's Church of Scotland - 6 - 31st December 2025 Balance Sheet Al 31 December 2025 Unrestrlcted Restrlcted Funds Funds 2025 2025 Total 2025 Total 2024 Not& Flxed Assets Tangible Fixed Assets Investments Total Fixed Assets 1,000,000 169,884 1,169.884 1,000,000 171,162 1.171,162 700,000 162,329 862.329 10 1.278 1.278 Current Assets Deblofs & Prepayments Bank and cash Tolal Current Assgts 11 3.783 29.095 32,878 3,783 50,190 53.973 5,068 42,832 47.900 21.095 21,095 Creditors Falling due within one year Net Current Assets 12 {6,131) 26.747 (6.131) 47,842 19,4451 38.455 21,095 Creditors falling due after more than one year Ngt Assets 1.196.631 22,373 1,219.004 900,784 The funds of thg tharlty: 14 Restricled Funds Unrestricled Designated Funds Unrestricted General Fund Total charlty funds 22,373 22,373 1,176,673 19,958 1,219,004 21.159 867,501 12.124 900,784 1,176.673 19,958 1,196,631 22,373 No Endowmenl Funds weTe held by the Church during the years 2024 and 2025. The accounts were apwoved by the Kirk Session on 17 March 2026. For and on beham of the Kirk Session, Joint Session Clerk.. Alexander Prall Joint Session Clerk= Helen Hannan //J/ Edinburgh In'xeAEilh Sl Serfs Church of Scollarid 31sl Deknemb&r 202k ## **Edinburgh Inverleith St Serf's Church of Scotland** ## **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. The charity adopts the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities (2019). ## **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) effective 1 January 2019 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). ## **Funds** Funds are classified as either restricted funds, endowment 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. - Endowment funds are funds which have been given on the condition 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. - 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** All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity. ## **Resources expended** Expenditure is recognised on an accruals basis as the liability is incurred. ## **Tangible fixed assets** The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church, halls and manse, vested in the trustees for the congregation. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the statement of financial activities in the period in which the liability arises. The church manse at East Lillypot and the flat at Royston Terrace are held at market value in the balance sheet. ## **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. ## **Taxation** Edinburgh Inverleith St Serf's 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. ## **Reserves** It is the Trustees’ policy to hold reserves, including designated funds, that are no less than approximately six months expenditure. Excluding the Property Funds of £700,000, and the Investment and Property Revaluation Funds of £352,949, at the year-end the Church held unrestricted funds of £143,682 which were close to representing twelve months expenditure. Edinburgh Inverleith St Serf's Church of Scotland - 8 - 31st December 2025 ## **Notes forming part of the financial statements for the year ended 31 December 2025** |||**General**|**Designated**|**Restricted**||| |---|---|---|---|---|---|---| |||**Fund**|**Funds**|**Funds**|**Total**|| |||**2025**|**2025**|**2025**|**2025**|**2024**| |||**£**|**£**|**£**|**£**|**£**| |**1**|**Donations and Legacies**|||||| ||Offerings|67,691|0|0|67,691|66,939| ||Tax recovered on Gift Aid|15,900|0|0|15,900|16,971| ||Legacies|0|0|0|0|5,000| ||Value of donated gifts|0|0|0|0|0| ||Other donations|5,041|0|1,850|6,891|6,550| |||88,632|0|1,850|90,482|95,460| |**2**|**Income from charitable activities**|||||| ||Weddings and Funerals|750|0|0|750|1,364| ||Coffee Mornings|2,174|0|0|2,174|2,167| ||Church Groups|0|5,420|0|5,420|5,639| ||Fundraising|4,330|0|0|4,330|2,582| |||7,254|5,420|0|12,674|11,752| ||Church Groups refers to The Guild, Toddlers|Group and the|Flower Guild|(see Note 14).||| |**3**|**Income from other trading activities**|||||| ||Halls and room lets|30,949|||30,949|28,616| ||Rents from properties (Net)|23,432|0|0|23,432|26,617| |||54,381|0|0|54,381|55,233| |**4**|**Investment income**|||||| ||Dividends received|6,011|0|0|6,011|6,011| ||Deposit interest|1,265|0|0|1,265|1,698| |||7,276|0|0|7,276|7,709| |**5**|**Other income**|||||| ||Refund of Gas Overcharge|0|0|0|0|3,151| ||Listed Places of Worship Grant Scheme|0|0|0|0|14,043| ||Receipts from General Trustees|0|0|0|0|8,673| |||0|0|0|0|25,867| ||**Grand Total**|**157,543**|**5,420**|**1,850**|**164,813**|**196,021**| Edinburgh Inverleith St Serf's Church of Scotland - 9 - 31st December 2025 ## **Notes forming part of the financial statements for the year ended 31 December 2025** |**6**
**Analysis of Expenditure**
**Raising Funds**
Offering Envelopes
**Charitable Activities**
Ministries and Mission Allocation
Presbytery Dues
Minister's Expenses
Pulpit Supply
Other salary costs
Fabric Repairs & Maintenance
Hall Refurbishment Project
Other Buildings Costs
Church Office Expenses
Organ & Music
Other Expenses
**Total**|**General**
**Fund**
**2025**
**£**
**Designated**
**Funds**
**2025**
**£**
**Restricted**
**Funds**
**2025**
**£**
**Total 2025**
**£**
**2024**
**£**
81
0
0
81
104| |---|---| ||81
0
0
81
104| ||64,910
0
0
64,910
63,444
1,395
0
0
1,395
1,099
0
0
0
0
0
320
0
0
320
240
4,600
0
0
4,600
4,400
38,113
0
0
38,113
19,011
0
0
0
0
91,633
34,577
0
0
34,577
30,721
3,233
0
0
3,233
3,697
2,101
0
0
2,101
6,934
2,613
3,483
0
6,096
6,836| ||151,862
3,483
0
155,345
228,015| ||| ||**151,943**
**3,483**
**0**
**155,426**
**228,119**| The trustees consider there is only one charitable activity and support costs relate wholly to that activity. |**7**
**Staff costs and numbers**
Salaries and wages
Social security costs
Total|**2025**
**£**
**2024**
**£**
4,600
4,400
0
0| |---|---| ||4,600
4,400| The average number of employees during the year, calculated on the basis of a head count, was as follows: |Ministerial support
Music staff|**2025**
**2024**
0
0
1
1
1
1| |---|---| 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 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 £32,433 and the maximum stipend in the 5th and subsequent years was £39,856. ## **8 Trustee Remuneration and Related Party Transactions** No payment was made in respect of work done or services provided by a trustee (2024 £0). ## **Reimbursement of expenses, including disturbance allowance, incurred by a trustee** There was no reimbursement of expenses incurred by trustees in the year. During the year a total of £19,422 (2024 £18,025) was donated to the congregation by trustees. Edinburgh Inverleith St Serf's Church of Scotland - 10 - 31st December 2025 ## **Notes forming part of the financial statements for the year ended 31 December 2025** ## **9 Tangible Fixed Assets** |**Market Value**
At 1 January 2025
Additions
Disposals
Unrealised gain / (loss) on revaluation
At 31 December 2025
**Accumulated Depreciation**
At 1 January 2025
Charge for year
Eliminated on Disposals
At 31 December 2025
**Net Book Value**
At 31 December 2024
At 31 December 2025|**2025**
**Buildings**
**£**
**2024**
**£**
700,000
700,000
0
0
0
0
300,000
0| |---|---| ||1,000,000
700,000| ||0
0
0
0
0
0| ||0
0| ||700,000
700,000| ||1,000,000
700,000| Note: In 2025 valuations of the properties at 24 East Lillypot and 7 Royston Terrace were provided by property agents Retties and Belvoir respectively. |
gents Retties and Belvoir respectively.|| |---|---| |**10**
**Investments**
Market value at 31 December 2024
Investments purchased in the year
Investments sold in the year
Unrealised gain on investments
Market value at 31 December 2025
Investments at cost|**2025**
**£**
**2024**
**£**
162,329
154,479
0
0
0
0
8,833
7,850| ||171,162
162,329| ||118,214
118,214| The following investments are held:12,982 Units in the Church of Scotland Investment Trust Growth Fund; 7,098 Units in the Church of Scotland Investment Trust Income Fund and £1,000 in Cafedirect plc |**11**
**Debtors and Prepayments**
Gift Aid Tax Refund Due
Prepayments
**12**
**Creditors**
Due to Charities
Accruals|**2025**
**£**
**2024**
**£**
3,646
5,068
137
0| |---|---| ||**3,783**
**5,068**| ||**2025**
**£**
**2024**
**£**
1,702
502
4,429
8,943| ||6,131
9,445| ## **13 Analysis of Net Assets Among Funds** |**Analysis of Net Assets Among Funds**|| |---|---| |Fixed Assets
Investments
Current Assets
Current Liabilities
Net assets at 31 Dec 2025|**General**
**Designated**
**Restricted**
**2025**
2024
£
£
£
£
£
0
1,000,000
0
1,000,000
700,000
0
169,884
1,278
171,162
162,329
26,089
6,789
21,095
53,973
47,900
(6,131)
0
0
(6,131)
(9,445)| ||19,958
1,176,673
22,373
1,219,004
900,784| Edinburgh Inverleith St Serf's Church of Scotland - 11 - 31st December 2025 ## **Notes forming part of the financial statements for the year ended 31 December 2025** ## **14 Movements in Funds** ||**Movements in Funds**|| |---|---|---| |


|**Endowment funds**
**Restricted funds**
The Mathieson Bequest
The Neil Bequest
The E Kinnear Bequest
The Stewart Bequest
The Sutherland Bequest
Art Fund
E Mentiplay Bequest Fund
K Stewart Flower Fund
K Stewart Organ Fund
North Merchiston Fund
**Unrestricted funds**
Designated
Fabric Fund
Flower Guild Fund
Guild Fund
Investment Revaluation Fund
Property Revaluation Fund
Pastoral Fund
Property Fund - Manse
Property Fund - Royston Flat
Special Reserve Fund
Toddlers Group Fund
Designated
Undesignated
General Fund
Undesignated
**Unrestricted funds**|**At 1**
**January**
**2025**
**£**
**Incoming**
**Resources**
**£**
**Outgoing**
**Resources**
**£**
**Gain/(Loss)**
**on**
**Revaluation**
**£**
**Transfers**
**£**
**At 31 Dec**
**2025**
**£**
0
0
0
0
0
0| |||425
0
0
0
0
425
200
0
0
0
(200)
0
5,000
0
0
0
0
5,000
507
0
0
0
(107)
400
650
0
0
0
0
650
1,629
0
0
0
0
1,629
8,419
0
0
0
0
8,419
1,000
0
0
0
0
1,000
3,329
0
0
0
(329)
3,000
0
1,850
0
0
0
1,850| |||21,159
1,850
0
0
(636)
22,373| |||40,000
0
0
40,000
96
910
(974)
0
107
139
1,321
1,804
(1,565)
0
(450)
1,110
44,115
0
0
8,833
0
52,948
0
0
0
300,000
0
300,000
100
0
0
0
0
100
500,000
0
0
0
0
500,000
200,000
0
0
0
0
200,000
80,000
0
0
0
0
80,000
1,869
2,706
(944)
0
(1,255)
2,376| |||
867,501
5,420
(3,483)
308,833
(1,598) 1,176,673| |||12,124
157,543
(151,943)
0
2,234
19,958| |||
12,124
157,543
(151,943)
0
2,234
19,958| |||| |||879,625
162,963
(155,426)
308,833
636 1,196,631| |||| |||900,784
164,813
(155,426)
308,833
0 1,219,004| ## **Movements in Funds held by Church of Scotland General Trustees.** |Consolidated Fabric Fund - Revenue
Consolidated Fabric Fund - Capital|**At 1**
**January**
**2025**
**£**
**Incoming**
**Resources**
**£**
**Outgoing**
**Resources**
**£**
**Gain/(Loss)**
**on**
**Revaluation**
**£**
**Transfers**
**£**
**At 31**
**Dec**
**2025**
**£**
151
7
0
0
0
158
0
0
0
0
0
0| |---|---| ||151
7
0
0
0
158| As these funds are held and controlled by the General Trustees of the Church of Scotland and not the charity, these do not form part of these accounts and do not appear in the Balance Sheet on page 7. Edinburgh Inverleith St Serf's Church of Scotland - 12 - 31st December 2025 **Notes forming part of the financial statements for the year ended 31 December 2025** ## **14 Movement in Funds - Continued** Purposes of Endowment Funds There are no Endowment Funds Purposes of Restricted Funds The Stewart Bequest - Sanctuary Flowers The Mathieson Bequest - Junior Church & Flowers The Neil Bequest - Junior Church The Sutherland Bequest - Work of Ministries and Mission The E Kinnear Bequest - For the enrichment of the fabric of the church Art Fund - For the provision of art works within the Church Estate E Mentiplay Bequest Fund - For use in the sanctuary and administered by the Kirk Session K Stewart Flower Fund - Sanctuary Flowers K Stewart Organ Fund - for assisting with the maintenance of the organ During the year the Neil Bequest was closed following the transfer of the remaining funds of £200 to assist with costs relating to the Early Birds/Junior Church. Transfers were also made from the Stewart Bequest of £107 as a contribution towards the cost of sanctuary flowers and £329 from the K Stewart Organ Fund as a contribution towards the cost of organ tuning and maintenance. During the year the Edinburgh and West Lothian Presbytery passed over £1,850 from funds received from The North Merchiston Trust with the stipulation that these be used for mission work. |Purposes of Designated Funds|| |---|---| |Fabric Fund|- for significant maintenance of the church property| |Flower Guild Fund|- for the work of the Flower Guild| |Guild Fund|- for the activities of the Guild| |Investment Revaluation Fund|- for the accumulated unrealised gain/loss in the value of investments| |Property Revaluation Fund|- for the revaluation of properties| |Pastoral Fund|- for the work of Pastoral Care| |Property Funds|- for the maintenance of properties other than the church| |Special Reserve Fund|- for major projects or exceptional expenditure| |Toddlers Group Fund|- for the work of the weekly Toddlers Group| Transfers from the Toddlers Fund and The Guild Fund of £1,255 and £450 respectively were made as a contribution towards the use of the church centre facilities for their activities. ## **15 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. |
would be unable to continue were it not for the commitment shown.|| |---|---| |**16**
**Collections for Third Parties**
Poppy Scotland
Fresh Start
Circle
Granton Food Bank
The Thistle Foundation
Macmillan Cancer Support Coffee Morning
Christian Aid
Tear Fund – Toilet Twinning
UNICEF (Raised by Toddlers Group)|**2025**
**£**
**2024**
**£**
450
600
300
0
1,100
0
4,250
3,900
1,803
1,856
0
475
916
1,301
0
900
100
100| ||8,919
9,132| These reflect funds raised for other charities through retiral collections, fund raising and church activities. In addition to the financial support given to Granton Food Bank, weekly contributions of provisions were made. Regular collections of household items were also donated to Fresh Start and at Christmas in addition to the financial contribution, a large number of toys were donated to Circle for Christmas gifts. In the year the sale of Fair Trade goods raised £592. Edinburgh Inverleith St Serf's Church of Scotland - 13 - 31st December 2025 ## **Notes forming part of the financial statements for the year ended 31 December 2025** ## **Statement of Financial Activities Comparatives 17 for 2024** |**Income and endowment from:**
Donations and Legacies
Charitable activities
Other trading activities
Investments
Other
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total expenditure**
**Net income/(expenditure) before gains and**
**losses on investments**
Gain/Loss on revaluation of investments
**Net income/(expenditure)**
**Net movement in funds**
**Total funds brought forward**
**Transfer between Funds**
**Total funds carried forward**|**General**
**Funds**
**2024**
**Designated**
**Funds**
**2024**
**Restricted**
**Funds**
**2024**
**Total**
90,360
100
5,0000
95,460
6,113
5,639
0
11,752
55,233
0
0
55,233
7,709
0
0
7,709
25,133
734
0
25,867| |---|---| ||184,548
6,473
5,000
196,021| ||104
0
0
104
177,794
49,621
600
228,015
0
0
0
0| ||177,898
49,621
600
228,119| ||**6,650**
**(43,148)**
**4,400**
**(24,248)**
0
7,850
0
7,850| ||**6,650**
**(35,298)**
**4,400**
**(24,248)**| ||| ||**6,650**
**(35,298)**
**4,400**
**(24,248)**| ||**5,474**
**917,176**
**2,382**
**925,032**
**0**
**(14,377)**
**14,377**
**0**| ||| ||**12,124**
**867,501**
**21,159**
**900,784**| Edinburgh Inverleith St Serf's Church of Scotland - 14 - 31st December 2025