2025-12-31-accounts

Devana Parish Church of Scotland, Aberdeen Trustees’ Annual Report and Accrued (SORP Compliant) Accounts

for the Year ended 31 December 2025

Congregation No, 311924

Scottish Charity No. SC015451

Devana Parish Church of Scotland, Aberdeen Trustees’ Report

Year ended 31 December 2025

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements 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 freland (FRS 102) (effective 1 January 2019)”.

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.

Introduction

During the year Devana Parish Church has nurtured its united relationship with St John’s Local Mission Church, ensuring regular worship for the deaf community and opportunities for shared activities and mission. The business of Kirk Session is arranged to accommodate the deaf elders and minister, although this can be challenging at times due to lack of sufficient interpreters. Technology is beginning to be used.

Activities, Achievements and Performance

Devana Parish Church has adopted a Mission Statement:- Journeying Together: By Faith, in hope and love.

Worship is central to the Mission of Devana Parish Church. It follows an annually agreed pattern, taking place equally in both sanctuaries, Holburn Street and Fonthill Road, led by the Ministry Team with regular involvement by members of the congregation. The average number attending this year is recorded as 120, with around six at the services held by St John’s which was delighted to welcome the Moderator of the General Assembly on one occasion. Online worship is streamed weekly from both churches. The Sacrament of Holy Communion is celebrated each month and twice during Holy Week, with the offer of home communion for individuals. Thirty eight funerals were conducted by the Ministers, some in the churches and others elsewhere. Monthly services of worship take place in the Cowdray Club and Riverside Care Homes close to the churches. Mission and Outreach includes congregational involvement in the work of Christian Aid, Instant Neighbour Trust, with support locally for the overseas student population through Friends International, and weekly Coffee Shops primarily serving the local community and regular special offerings made for local and overseas charities. Our concerns for more isolated members of the congregation are addressed by regularly delivering greeting cards, phone contact and personal visits as appropriate. The website is an important means of communication, along with the weekly online newsletter. A new magazine, to be given to all households is currently under preparation.

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Devana Parish Church of Scotland, Aberdeen Trustees’ Report (continued)

Year ended 31 December 2025

Activities, Achievements and Performance (continued)

Children and Young People are regularly in our two church buildings, with Sunday Club, Holiday Clubs and a Youth Club, for which we currently have a .5 FTE Mission Development Worker in the Ministry Team although his contract with us comes to an end in December 2025. We have also continued a series of Family Church on a Sunday afternoon, to include activities and a meal and short worship to be shared as a family, although attendance recently has been disappointing and discussions will be required about how to continue. Both ministers are involved in school chaplaincies in the Parish. Church premises are used by Girlguiding, Mother and Toddler Groups, Phoenix Youth Theatre and a Dance School.

Congregational Groups and Licensed Premises users include a range of fitness, wellbeing and dance classes, Phoenix Adult Theatre, the Church of Scotland Guild and the Living Well Café for dementia sufferers and their carers. Premises are also regularly used on one-off occasions for performances, training courses, community meetings and birthday parties.

Property matters are managed by a team which cares for two operating church buildings, two manses and the currently vacant St Mark’s Church building and the vacated manse at Polmuir Road.

Employees of the congregation during the year have been an Administrator, Caretaker, Treasurer and two Organist/Directors of Music.

The Ministers are actively involved in the work of the Church of Scotland locally and nationally, both convening Committees of Presbytery, and one being the Presbytery representative on the national church Faith Action Programme Leadership Team.

Plans for the future

Devana and Fountainhall Parishes, which border each other, continue in the process of agreeing a formal Basis of Parish Grouping to enable partnership, mission and outreach, and mutual support. Joint activities such as Schools Ministry and City Centre Supper Club are already taking place, and the joint Kirk Sessions are considering a plan to develop a Ministry/Mission to Aberdeen’s Cultural and Arts Community, as per the Presbytery Mission Plan.

At the end of 2025 the congregation was consulted about participation in a caring scheme — 32 Devana Neighbourhoods across our large Parish and beyond ~ to facilitate pastoral care and communication between members of the congregation who live close to each other. This scheme will be established in 2026. Pastoral needs in particular circumstances such as age, illness and bereavement, will continue to be supported by the Ministry Team and Pastoral Care Groups, all of whom meet the requirements of Disclosure Scotland and Church of Scotland Safeguarding.

Financial Review

The principal source of income at Devana Parish Church remains our Free Will Offerings and Standing Orders from members. Healthy investment income from COSIT investments will also contribute greatly, as will income from hall lets at both buildings.

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Devana Parish Church of Scotland, Aberdeen Trustees’ Report (continued) Devana Parish Church of Scotland, Aberdeen

Financial Review (continued)

Total funds at 31 December 2025 were £2,412,162, a decrease of £20,915 during the year. Free Will Offerings and Standing Orders from members shows an decrease of 14% from the previous year. Income from investments has decreased to £94,596 (2024 - £99,021) and there was an unrealised gain on the market value of investments of £120,623 compared to £38,149 in 2024. No legacy income (2024 - £41,135) was received during the year.

Unrestricted funds, including designated funds, were £1,410,151 a decrease of £30,301.

Restricted funds have increased by £6,115 to £958,409.

Investment Policy and Performance

Devana holds investments, at cost, of £1,488,730 with a 2025 Market Value of £1,929,857 (2024 - £1,810,226). These figures are an amalgamation of the investments previously held by the three separate charges.

Risk Management

The principal risks facing the charity are in relation to (i) the potential liabilities associated with the buildings, (ii) the potential of running a financial deficit, (iii) the inevitable changes in attendance and resulting contributions of ageing members and social change. Kirk Session considers these matters on an ongoing basis with the following strategies to address them.

(i) The Kirk Session uses the services of a Caretaker to assist with the regular inspection of buildings to address defects, deal with potential deterioration at an early stage, and ensure that health and safety standards are met. Property Funds are invested with the General Trustees of the Church of Scotland to address major works when required.

{ii} The Kirk Session employs a Treasurer who leads the Finance Team in considering matters of cashflow, budgeting and the cycle of stewardship advised by the Church of Scotland focusing on time, talents and financial giving. Ongoing efforts are made to maximise income from hall use by outside organisations.

(iii) In response to financial circumstances, the Kirk Session encourages commitment to the congregation through profession of faith, encouragement to regular financial giving and commitment to the mission of Devana Parish Church. It also endeavours to provide support to the congregation and community through fellowship and ministry to address social challenges.

Reserves Policy

The financial statements show, as at 31 December 2025 a Capital Reserve of £812,319 (2024 - £751,690). This has increased during the year mainly as a result of the increase in value of the investments held in this fund. It is noted, later in the financial statements, that Devana Parish Church does not usually capitalise expenditure of a capital nature, furthermore in the absence of adequate fund raising and a reluctance to borrow monies, the Capital Reserve will be called upon as necessary for fabric costs identified.

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Devana Parish Church of Scotland, Aberdeen

Trustees’ Report (continued)

Year ended 31 December 2025

Structure, Governance and Management

The congregation is a registered charity, number $CO15451, and is administered in accordance with the Deed of Constitution (Unitary Form), subject to the Acts and Regulations of the General Assembly of the Church of Scotland.

Recruitment and Appointment of Trustees

The Charity Trustees are the named ordained Active Trustee Elders who have attended at least one scheduled Kirk Session meeting during the year, having therefore taken part in the decision-making process of the Kirk Session. Elders are appointed from the members of the congregation who are considered to have appropriate gifts and skills. The Ministers are members of the Kirk Session having been inducted by Presbytery.

Organisational Structure

The management structure comprises Kirk Session, five Ministry Teams and a Business Co-ordinating Group. The Kirk Session is moderated by Rev Peter Johnston and has oversight of the whole life and service of Devana Parish Church. During the period of this report the Kirk Session has met seven times. The Session Clerks are responsible for keeping the minutes. Devana is a Team ministry with the Rev Peter Johnston inducted into charge A (formerly Ferryhill) in additon to being Moderator of the Kirk Session, whilst Rev David Stewart was inducted into charge B (formerly South Holburn). The five Ministry teams are Worship, Mission and Discipleship, Friendship, Finance, and Property. The Co-ordinating Group is convened by the Minute Clerk, and an Assistant Clerk is responsible for minutes and record keeping. Each Team has a clear remit as has the Co-ordinating Group.

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Devana Parish Church of Scotland, Aberdeen Trustees’ Report (cont) Year ended 31 December 2025

Reference and Administrative Information

Charity name: Devana Parish Church of Scotland, Aberdeen Congregational number: 311924 Charity registration number: $C015451 Registered office: Devana Parish Church, Fonthill Road, Aberdeen, AB11 6UD Operational addresses: Devana Parish Church, Fonthill Road, Aberdeen, AB11 6UD Devana Parish Church, 539A Holburn Street, Aberdeen AB10 7LH

Elders who have served as Trustees since 1 January 2025 to the date of approval of these financial statements: Kirk Session

Grace Baxter (to 31/12/25) Nigel G Firth Graeme Low Millicent Birse (to 19/03/25) Lorna M E Glen Lynn Low Lesley Bills Adeline Gray Agnes MacDonald Elspet Black Kevin W Haggart Alastair McCulloch Hazel Braynion (to 17/09/25) Lap Tan Hunt Myrtle McCulloch Alan Brown (to 31/12/24) Valerie M Hutton Len Mellis Alison Burnett (to 31/12/24) RevJ Peter Johnston Alice Merrilees (from 08/06/25) Helen Burr Ronnie Johnstone Pat Moir Hazel Clark Shelagh Johnstone Dianne Morrison Diane Cumming Robert Kamwa William Rae lan Cumming Linda Kerr Richard Raffan (to 10/07/25) Alan Cunningham (from 01/01/25) Rita King J Graeme Roberts (to 17/09/25) Marlene Digby Derek Lawrie Phyllis Rollo Anne Donaldson lan Lord Hilda Smith Margaret Emslie Marjorie Lord Rev David Stewart FionaJ Firth Alison Low Mary Thompson

Principal Office-bearers Ministers: ; Rev Peter Johnston 7 oo Rev David Stewart Rev Mary Whittaker Session Clerks: Lorna ME Glen Shelagh Johnstone Congregational Treasurer: Morag Ledgerwood

Independent examiner

William D Anderson, Chartered Accountant, MHA, 12 Carden Place, Aberdeen, AB10 1UR

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Devana Parish Church of Scotland, Aberdeen

Trustees’ Report (cont)

Year ended 31 December 2025

Reference and Administrative Information (continued)

Bankers

Bank of Scotland pic, Queen's Cross Branch, 39 Albyn Place, Aberdeen, AB10 1YN National Savings and Investments, Boydstone Road, Glasgow, G58 1S8 Royal Bank of Scotland plc, St Nicholas Branch, 78 Union Street, Aberdeen, AB10 1HH TSB Bank plc, St Nicholas, 7-21A St Nicholas Street, Aberdeen, AB10 6NN Virgin Money pic, 1 Queens Cross, Aberdeen, AB15 4XU

Investment advisors

Miller & Co Investment Management Limited, 14 Queen's Road, Aberdeen, AB15 4ZT St James's Place Wealth Management, St James's Place House, 3 Queen's Road, Aberdeen, AB15 5YL

Trustees’ Responsibilities in Relation to the Financial Statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which showa true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

• « select suitable accounting policies and then apply them consistently;

• observe the method and principles in the applicable Charities SORP;

• ¢ make judgements and estimates that are reasonable and prudent;

• ® state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; .

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence,

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (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 other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and. financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees and signed on their behalf,

Shelagh Johnstone, Joint Session Clerk Date | Warch 2026

Lorna Glen, Joint Session Clerk Date - [A Warch 2026

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Devana Parish Church of Scotland, Aberdeen

independent Examiner's Report to the Trustees of Aberdeen St Mark's Church of Scotland Year ended 31 December 2025

| report on the financial statements of the charity for the year ended 31 December 2025 which are set out on pages 2 to 26.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements 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 Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep. accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended}, and

3. to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial

|

William D Anderson

Chartered Accountant

MHA

12 Carden Place _ Aberdeen ‘ AB10 1UR

Date: 30/3 lag

MHA. is the trading name of MHA Audit Services LLP, a limited liability partnership based in England and Wales (registered number 0C455542).

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Devana Parish Church of Scotland, Aberdeen

Balance Sheet at 31 December 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Unrestrictedict|Restrictedi|Endndowment|Total|Funds|Total|Funds| |Funds|Funds|Funds| |2025|2025|2025|2025|2024| |Note|£|£|£|£|£| |Fixed|Assets:| |Tangible|assets|10|35,505|-|-|35,505|45,164| |Investments|11|1,205,071|689,353|35,433|1,929,857|1,810,226| |Total|Fixed|Assets|1,240,576|689,353|35,433|1,965,362|1,855,390| |Current|Assets| |Debtors|12|34,296|-|-|34,296|20,603| |Cash|at|bank|and|in|hand|168,320|272,244|8,169|448,733|577,481| |Total|Current Assets|202,616|272,244|8,169|483,029|598,084| |Liabilities| |Creditors|falling|due|within|one|year|13|33,041|3,188|-|36,229|20,397| |Net|Current Assets|169,575|269,056|8,169|446,800|577,687|_| |Net|Assets|1,410,151|958,409|43,602|2,412,162|2,433,077| |The|funds|of the|charity:| |Endowment funds|15|-|-|43,602|43,602|40,331| |Restricted|income|funds|15|-|958,409|-|958,409|952,294| |Unrestricted|income|funds|15|1,410,154|-|-|1,410,151|1,440,452| |Total|charity funds|1,410,151|958,409|43,602|2,412,162|2,433,077|

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ahh The accounts were approved by the trustees on i4 of March 2026 and signed on their behalf by:

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Skitegk jeLaxyeuk , Joint Session Clerk
OIA, ian eA Or Joint Session Clerk
‘A
B lee . Treasurer
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Devana Parish Church of Scotland, Aberdeen Statement of Cashflows

Year ended 31 December 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Total|Total| |2025|2024| |Note|£|£| |Net cash|used|in|operating|activities|18|(224,336)|(24,537)| |Cash|flows from|investing|activities| |Interest|and|dividends|94,596|99,021| |Purchase|of|investments|-|(424,952)| |Proceeds|from|sale|of|investments|992|1,009| |Purchase|of|fixed|assets|-|(47,221)| |Proceeds|from|sale|of|property|~|-| |Net cash|provided|by|investing|activities|95,588|(372,143)| |Cash|flows from|financing|activities| |Advanced|-|-| |Repayment|of|borrowings|-|-| |Net cash|provided|by|financing|activities|-|-| |Change|in|cash|and|cash|equivalents|in the|year|(128,748)|(396,680)| |Cash|and|cash|equivalents|brought|577,481|974,161| |Bank and|cash|equivalents|carried|448,733|577,481|

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Devana Parish Church of Scotland, Aberdeen

Year ended 31 December 2025

1 = 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 financial statements, are set out below.

Basis of preparation

The financial statements have been prepared in accordance with the charity's constitution, 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 Iretand (FRS 102) (effective 1 January 2019)”. The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Entitlement usually arises immediately on its receipt unless there are terms or conditions which must be met before the charity is entitled to the resources.

Receipt of a legacy is recognised when it is probable that it will be received. Receipt is normally probable when there has been grant of confirmation, the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy and any conditions attached to the legacy are either within the control of the charity or have been met.

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.

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. Investment income is stated when received.

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Devana Parish Church of Scotland, Aberdeen Year ended 31 December 2025

1 = Accounting Policies (continued)

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure can be classified under the following activity headings:

• Costs of raising funds comprise the direct costs associated with fundraising.

• Expenditure on charitable activities includes all other costs associated with the running of the charity to further its purposes and associated support costs.

Expenditure includes VAT which cannot be recovered and is recorded as part of the expenditure to which it relates.

Fund accounting

Funds are classified as either endowment funds, restricted funds or unrestricted funds, defined as follows:

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

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.

Fixed assets

The Church has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Churches and halls of the former St Mark's, Ferryhill and Holburn Churches vested in the Church of Scotland General Trustees and the manses of the former Ferryhill and South Holburn Churches vested in local Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as an expense in the statement of financial activities in the period in which the liability arises.

All tangible fixed assets costing in excess of £1,000 having a value to the Church greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives as follows:

Property improvements 3 years straight line Office and safety related equipment 3 years straight line Music and sound equipment 6 years straight line

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Devana Parish Church of Scotland, Aberdeen Year ended 31 December 2025

1 Accounting Policies (continued)

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. Transaction costs are expensed as incurred.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

* Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

* Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Devana Parish Church of Scotland, Aberdeen is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.

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Devana Parish Church of Scotland, Aberdeen

Notes forming part of the financial statements Year ended 31 December 2025

			2025	2024
			£	£
8	=	Staffcostsand numbers
		Salaries and wages	36,813	30,245
		Social security costs	-	-
		Pension costs	869	795
		Ex-gratia payments	4,900	-
			42,582	31,040
		The average number ofemployees during the yearwas as follows:
			2025	2024
			Number	Number
		Administration	2	2
		Music staff	2	1
		Premises maintenance	-	-
			4	3

No employee had employee benefits in excess of £60,000 (2023 - Enil).

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 fifth and subsequent years) £39,856.

9 Trustee Remuneration and Related Party Transactions

During the year 15 members (2024 - 9) of the Kirk Session received reimbursement of miscellaneous expenses totalling £6,973 (2024 - £9,343). Mrs Morag Ledgerwood received a salary of £6,588 (2024 - £9,550) and pension contributions of £198 (2024 - £287) for services as the Church Treasurer. Mr Kevin Haggart received a payment of £418 (2024 - £4,833) anda salary of £4,585 (2024 - Enil) for his services as Church Organist.

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 £23,593 (2024 - £25,867) was donated to the congregation by trustees.

17

Devana Parish Church of Scotland, Aberdeen Notes forming part of the financial statements

Year ended 31 December 2025

10 Tangible Fixed Assets

Tangible Fixed Assets
	Property	Office	Defibrilator
	Improvements	Equipment	Equipment	Total
	£	£	£	£
Cost
At 1January 2025	1,172	50,787	628	52,587
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 December 2025	1,172	50,787	628	52,587
Depreciation
At 1 January 2025	619	6,473	331	7,423
Charge for theyear	391	9,059	209	9,659
Disposals	-	-	-	-
At 31 December 2025	1,010	15,532	540	17,082
Net bookvalue
At 31 December 2025	162	35,255	88	35,505
At31December2024	553	44,314	297	45,164

During the year the charity had the right to occupy and use for its charitable objects the buildings known as St Mark's Church, Ferryhill Church and Holburn South Church which are vested in the General Trustees of the Church of Scotland. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of the assets are charged as resources expended in the Statement of Financial Activites in the period in which the liability arises.

11	Investments
		2025	2024
		£	£
	Marketvalue at 1 January	1,810,226	1,348,134
	Acquisitions at cost	-	424,952
	Disposals	(992)	(1,009)
	Realised gains/losses on disposals	-	-
	Net gains/(loss) on revalutations in the year	120,623	38,149
	Market value at 31 December	1,929,857	1,810,226
	Investments at cost	1,488,730	1,488,730
	The following investments are held:	2025	2024
		£	£
	Church ofScotland Investors TrustGrowth Fund	438,999	407,095
	Church ofScotland investors Trust Income Fund	1,222,135	1,186,727
		1,661,134	1,593,822
	Listed investments held with Miller& Co Investment Managers Limited	182,656	147,585
	Listed investments held with StJames's Place Wealth Management	61,905	55,358
	Other listed investments	24,162	13,461
		1,929,857	1,810,226

Investments are held primarily for an investment return.

18

Devana Parish Church of Scotland, Aberdeen Notes forming part of the financial statements Year ended 31 December 2025

12 Debtors

12	Debtors
				2025	2024
				£	£
	Gift Aid Tax Refund Due			7,434	7,000
	Prepayments			3,766	-
	Other			23,096	13,603
				34,296	20,603
13	Creditors
				2025	2024
				£	£
	Accruals			36,229	20,397
				36,229	20,397
14	Analysis of NetAssetsAmong Funds
		Unrestricted	Restricted	Endowment	Total
		£	£	£	£
	Fixed Assets	35,505	-	-	35,505
	Investments	1,205,071	689,353	35,433	1,929,857
	Current Assets	202,616	272,244	8,169	483,029
	Current Liabilities	(33,041)	(3,188)	-	(36,229)
	Net assets at 31 Dec 2025	1,410,151	958,409	43,602	2,412,162
		Unrestricted	Restricted	Endowment	Total
		£	£	£	£
	Fixed Assets	45,164	-	~	45,164
	Investments	1,142,227	635,141	32,858	1,810,226
	Current Assets	273,458	317,153	7,473	598,084
	Current Liabilities	(20,397)	-	-	(20,397)
	Netassetsat31Dec2024	1,440,452	952,294	40,331	2,433,077

14 Analysis of Net Assets Among Funds

19

Devana Parish Church of Scotland, Aberdeen

Notes forming part of the financial statements Year ended 31 December 2025

15 Movements in Funds

Movements in Funds
				Other	Transfers
	At LJanuary	Incoming	Outgoing	Gains/	between		At 31 Dec
	2025	Resources	Resources	{losses)	funds		2025
	£	£	£	£	£		£
Endowment funds
Trust Account	5,277	-	-	-		-	5,277
Church Fund	5,663	134	-	495		-	6,292
Collie Fund	4,277	73	-	270		-	4,620
Craigmyle Bequest	449	-	-	-		-	449
Gauld	5,333	121	-	450		-	5,904
Knowles	1,957	45	-	165		-	2,167
McKenzie	16,054	323	-	1,195		-	17,572
Summers’ Bequest	1,321	-	-	-		-	1,321
	40,331	696	-	2,575		-	43,602
Restricted funds
Guild Fund (previously St
Mark's Guild Fund)	66	-	-	-		-	66
Margaret Donald Fund	28,953	616	-	2,283		-	31,852
Benevolent Fund	13,424	416	-	3,682		-	17,522
Congregational
Development Fund	97,912	40	-	100		-	98,052
Central Heating	4,661	-	(4,321)	-		-	340
Church Reserve	-	-	-	-		-	-
Congregational	-	-	-	-		-	-
Catering/events Fund	6,405	2,726	(2,460)	-		-	6,671
Flower	9,281	569	(1,064)	200		-	8,986
Bowling Club Fund	-	1,601	(162)	-		-	1,439
St John's Church for Deaf
People Fund	8,394	1,219	(200)	-		-	9,413
Organ Fund	8,815	-	-	-		-	8,815
Outreach Fund	2,937	-	-	-		-	2,937
Sunday School Fund	9,121	256	-	950		-	10,327
Education Fund	10,517	-	(2,986)	-		-	7,531
William Davidson Fund	479,262	23,264	(15,203)	11,926		-	499,249
Alice Forbes Bequest Fund	268,270	13,028	(65,884)	35,071		-	250,485
Specified Donations Fund	423	-	-	-		-	423
Congregational
Organisations	3,853	2,153	(1,705)	-		-	4,301
	952,294	45,888	(93,985)	54,212		-	958,409

20

Devana Parish Church of Scotland, Aberdeen Notes forming part of the financial statements Year ended 31 December 2025

15 Movements in Funds (continued)

==> picture [426 x 317] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Other|Transfers| |At 1 January|Incoming|Outgoing|Gains/|between|At 31|Dec| |2025|Resources|Resources|(losses)|funds|2025| |£|£|£|£|£|£| |Unrestricted|Funds| |Projects|Fund|-|-|-|-|-|-| |Kitchen|Fund|2,893|-|-|-|(2,893)|-| |Organ|Fund|2,870|-|-|-|-|2,870| |IT|Fund|-|-|(2,196)|-|5,341|3,145| |Education|Account|10,377|-|-|-|-|10,377| |Fabric|Account|95,821|50|-|2,100|-|97,971| |Manse|Account|19,914|-|-|-|-|19,914| |Benevolent|Fund|30,405|5,931|(8,351)|(2,610}|-|25,375| |Supper|Club|Fund|5,434|170|(1,323)|-|-|4,281| |Chapel|Chimers|503|-|-|-|-|503| |Ross's|Trust|2,448|-|-|-|(2,448)|-| |CongregationalDevelopment|Fund|253,234|13,408|°|6,170|-|272,812| |Sanctuary and|Music|Fund|1,905|769|(1,282)|51|-|1,443| |M|Mcintosh|Bequest|Fund|31,995|1,427|-|785|-|34,207| |Sunday|Club|-|-|(398)|-|398|-| |Summer Club|-|210|(206)|-|(4)|-| |Unallocated|130|-|-|-|-|130| |General|Fund|230,833|263,608|(387,564)|18,321|(394)|124,804| |688,762|285,573|(401,320)|24,817|-|597,832| |Capital|Reserve|751,690|22,602|(992)|39,019|-|812,319| |1,440,452|308,175|(402,312)|63,836|-|1,410,151| |Total funds|2,433,077|354,759|(496,297)|120,623|-|2,412,162|

----- End of picture text -----

21

Devana Parish Church of Scotland, Aberdeen Notes forming part of the financial statements Year ended 31 December 2025

15 Movements in Funds (continued)

				Gain/(Loss)	Transfers
	At 1 January	Incoming	Outgoing	on Revaluation	between	At 31 Dec
	2024	Resources	Resources	ofInvestments	funds	2024
	£	£	£	£	£	£
Endowment funds
TrustAccount	5,277	-	-	-	-	5,277
Church Fund	4,985	133	-	545	-	5,663
Collie Fund	3,908	72	-	297	~	4,277
Craigmyle Bequest	449	-	-	-	-	449
Gauld	4,716	122	-	495	-	5,333
Knowles	1,730	45	-	182	-	1,957
McKenzie	14,417	323	-	1,314	-	16,054
Summers’ Bequest	1,321	-	-	-	-	1,321
	36,803	695	-	2,833	-	40,331
Restricted funds
St Mark's Guild Fund	66	-	-	-	-	66
Margaret Donald Fund	25,826	616	-	2,511	-	28,953
Benevolent Fund	11,894	416	-	1,114	-	13,424
Congregational
Development Fund	97,200	602	-	110	-	97,912
Central Heating	4,661	-	-	-	-	4,661
Church Reserve	807	-	-	-	(807)	-
Congregational	1,167	-	-	-	(1,167)	-
Catering/events fund	-	4,354	(154)	-	2,205	6,405
Flower	8,665	444	(648)	220	600	9,281
Bowling Club fund	-	-	-	-	-	-
Manse	1,121	-	(1,121)	-	-	-
StJohn's Church for Deaf
People Fund	-	6,434	(2,506)		4,466	8,394
Organ Fund	9,163	-	(348)	-	-	8,815
Outreach Fund	2,937	-	-	-	-	2,937
SundaySchool Fund	7,819	257	-	1,045	-	9,121
Education Fund	10,417	100	-	-	-	10,517
William Davidson Fund	459,542	31,435	(15,592)	3,877	-	479,262
Alice Forbes Bequest Fund	270,536	13,118	(420)	(14,964)	-	268,270
Specified Donations Fund	423	-	-	-	-	423
Congregational
Organisations Fund	15,274	2,387	(1,753)	-	(12,055)	3,853
	927,518	60,163	(22,542)	(6,087)	(6,758)	952,294

22

Devana Parish Church of Scotland, Aberdeen Notes forming part of the financial statements Year ended 31 December 2025

15 Movements in Funds (continued)

				Gain/(Loss)	Transfers
	At 1January	Incoming	Outgoing	on Revaluation	between	At 31 Dec
	2024	Resources	Resources	ofInvestments	funds	2024
	£	£	£	£	£	£
Unrestricted Funds
Projects Fund	2,274	-	-	-	(2,274)	-
Kitchen Fund	2,893	-	-	-	-	2,893
Organ Fund	2,870	-	-	-	-	2,870
Education Account	10,377	-	-	-	-	10,377
Fabric Account	95,398	50	-	373	-	95,821
Manse Account	19,914	-	-	-	-	19,914
Benevolent Fund	22,671	7,734	-	-	-	30,405
SupperClub Fund	2,002	356	(1,390)	-	4,466	5,434
Chapel Chimers	503	-	-	-	-	503
Ross's Trust	2,448	-	-	-	-	2,448
Congregational
Development Fund	237,956	13,408	-	1,870	-	253,234
Sanctuaryand Music Fund	2,848	644	(1,603)	16	-	1,905
M Mcintosh Bequest Fund	30,330	1,427	-	238	-	31,995
Sunday Club	593	8&5	(5,309)	-	4,631	-
SummerClub	127	383	(609)	-	99	-
Unallocated	130	-	-	-	-	130
General Fund	224,146	356,534	(358,985)	9,302	(164)	230,833
	657,480	380,621	(367,896)	11,799	6,758	688,762
Capital Reserve	700,493	22,602	(1,009)	29,604	-	751,690
	1,357,973	403,223	(368,905)	41,403	6,758	1,440,452
Totalfunds	2,322,294	464,081	(391,447)	38,149	-	2,433,077

23

Devana Parish Church of Scotland, Aberdeen

Notes forming part of the financial statements Year ended 31 December 2025

15 Movements in Funds (continued)

Purposes of Endowment Funds

Trust Account: Income from the Trust Account is used to support the incumbent Moderator of the Kirk Session. Church Fund (& former Davidson Fund}: \ncome is to be used for Stipend. Collie Educational: Income is to be used for educational purposes. Craigmyle Bequest: \ncome is to be used for Christmas gifts. Gauld Fund: \Income is to be used for youth activities. Knowles Bequest: Income is to be used for Benevolent purposes. McKenzie Bequest: Income is to be used for Benevolent purposes. Summers Bequest: Income is to be used for the Sunday School.

Purposes of Restricted Funds

The Guild Fund (formerly St Mark's Guild Fund): These are funds set aside for Guild activities. Margaret Donald Fund: This fund was established in 2016 from a legacy, the conditions of which require the capital to be maintained and the interest used for the purchase of books, music etc. Benevolent Fund: To be used for Benevolence within the Congregation, Parish and the wider Community. Congregational Development Fund (including the former Bequest Fund): To be used for the purpose of assistance with projects beneficial to the development of congregational development. Central Heating: To be used in the event of major repairs to the Manse central heating system. Church Reserve: To hold monies for and on behalf of groups/projects in abeyance at present. During the year, these funds were used for various purposes such that the fund has now closed. Catering/events Fund: To be used for Church social events at either building, whether internal or missional, created from former Holburn Lunch Club monies. Congregational: To temporarily hold monies collected for charitable purposes. During the year, these funds were used for various purposes such that the fund has now closed.

Flower Fund: To be used to provide flowers in the church when income donations are insufficient. Bowling Club Fund: To be used for the purpose of the Bowling Club.

Manse: To be used for general maintenance of the Manse.

St John's Church for Deaf People Fund: To be used for the local Mission Church within Devana. Organ: To be used for maintenance of the Organ.

Outreach: To be used to purchase equipment and materials for services at venues other than the church. Sunday School: To be used for materials, trips etc. Education Fund (including the former Youth Organisation fund): To be used to promote Christian education and development for individuals and groups within the congregation.

William Davidson: To be used for the Fabric of the Church, Alice Forbes Bequest Fund: To be used for Fabric purposes.

Specified Donations Fund : This fund represents donations received for a specific purpose,

Congregational Organisations Fund: This fund represents the monies held by various Church Groups in the former Holburn South Church.

24

Devana Parish Church of Scotland, Aberdeen Notes forming part of the financial statements Year ended 31 December 2025

15 Movements in Funds (continued)

Purposes of Unrestricted Funds

Projects Fund (including the former South Holburn Charitable Appeals Fund): This Fund represents funds set aside to meet charitable appeals for specific projects and is used at the discretion of the Kirk Session. During the year, these funds were used for various purposes such that the fund has now closed.

Kitchen Fund: This fund is used to meet ongoing repair and replacement of kitchen equipment. During the year the Kirk

Session made the decision to transfer this fund to the newly created [T Fund such that the Kitchen fund is now closed.

Organ Fund: This fund is used to meet both annual and extraordinary expenditure in relation to continued maintainance, tuning etc of the Church organ.

IT Fund: This fund represents monies set aside by the Kirk Session for the purpose of purchasing IT equipment for the enhancement of worship.

Education Account: This fund is used for the purposes of Christian education across the whole age range of the

Fabric Account: This is used to meet major repair and maintenance costs of the Church buildings as well as replacement and repair etc equipment used in the church. There is a separate fund for maintainenance etc of the Church Organ.

Manse Account {including the former Ferryhill Doris Sefton Memorial Fund): Like the Fabric Account the resources in this account are used to maintain the Church Manse. In this case however all repair and maintenance costs associated with the

Manse are met from this account rather than the General Fund.

Benevolent Fund: This fund may be used at the discretion of the Minister to provide financial suport to any person considered to be in need which may not be able to be met from public or other funds. Supper Club Fund: Funds that are set aside for the purpose of providing freshly cooked evening meals in a safe and welcoming environment for the homeless, lonely and vulnerable.

Chapel Chimers: Church Group for the administration requirements of the Chapel Chimers.

Ross's Trust: This fund was established in 2019 from monies received from the trust, previously associated with Queen Street Church but suspended in 2017 and 2018 due to reconstruction work carried out by its trustees. During the year the Kirk Session made the decision to transfer this fund to the newly created IT Fund such that the Ross's Trust fund is now closed.

Congregational Development Fund: These funds are set aside to assist with the performance of project which are determined as being beneficial to the development of the congregation's activities. Sanctuary and Music Fund: Funds for costs associated with the enhancement of worship and sanctuary, including the purchase of music resources used for worship.

M Mcintosh Bequest Fund: Funds set aside for ministerial support.

Sunday Club Fund: Church organisation for primary school children, normally holding activities on Sunday mornings. Summer Club Fund: Church organisation for primary school children, normally holding activities for one week during

summer.

General Fund: Sometimes referred to as the "Congregational Account" this fund is used for the management of the routine day to day income and expenditure of the Congregation.

Capital Reserve Fund: This fund represents proceeds received from the sale of the Manse which have been set aside by the Trustees to meet the cost of major capital projects.

16 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.

17 Controlling party

The charity is under the control of the Trustees, as detailed on page 6.

25

Devana Parish Church of Scotland, Aberdeen

Notes forming part of the financial statements

Year ended 31 December 2025

18 Reconciliation of net movement in funds to net cash flow from operating activities

18	Reconciliation of net movementnet movementmovement in funds toto net cash flow fromflow fromfrom operating	activities
		2025	2024
		£	£
	Netmovement in funds	(20,915)	110,783
	Add back depreciation charge	9,659	6,380
	Deduct investment income	(94,596)	(99,021)
	Deduct gains/add back losseson investments	(120,623)	(38,149)
	Deduct gains/add back losses on disposal of property	-	-
	Deduct othergains/add back other losses	~	-
	Decrease/(increase) in debtors	(13,693)	(3,667)
	Increase/(decrease) in creditors	15,832	(863)
	Net cash used in operating activities	(224,336)	(24,537)
19	Collections for Third Parties
		2025	2024
		£	£
	AberNecessities	2,300	-
	Christian Aid	877	1,519
	DEC Middle East	796	-
	DEC Myanmar	794	-
	Earl Haig Fund Poppy Scotland	145	183
	Friends International	-	626
	Instant Neighbour	463	85
	John Amalanand	400	-
	Katrina Blackwood	620	-
	Living Well Project Dementia	213	-
	Roxburghe House	-	2,377
	Save The Children	353	-
	WE Too	797	-
		7,758	4,790

26