_Scottish Charity No. SC015552 Church of Scotland Congregation reference No. 010072 United Reformed Church Congregation reference No 13A13_
## **Morningside United Church**
Trustees’ Report and Financial Statements _Year ended 31 December 2025_
Mornin side United Church g
**Contents of the Financial Statements** _for the year ended 31 December 2025_
||Page|
|---|---|
|Report of the Trustees|1 - 4|
|Report of the Independent Examiner|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 - 13|
Mornin side United Church g
## **Report of the Trustees** _for the 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 pages 8 to 9 of the accounts and comply with the Church of Scotland General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective from 1 January 2019.
## **Objectives and activities**
The Church exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As an ecumenical congregation maintaining membership of the United Reformed Church and the Church of Scotland, Morningside United Church (MUC) has a heritage of interdenominational cooperation and development that has served the community at Holy Corner in Edinburgh for over 40 years. The Church of Scotland as a national church has distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland. MUC has a territorial responsibility for the parish allocated to it by the Presbytery of Edinburgh and West Lothian.
MUC also works with other local churches in various ways to promote and encourage ecumenical dialogue and cooperation. The church is also involved in outreach within the parish and with the promotion of Christian education and the care of its members and people who are socially isolated, affected by poverty and other issues.
## **Achievements and performance**
Our part-time minister has continued the activities started during her first full year with us by, continuing the links with Edinburgh Napier University as part of the chaplaincy team, assisting in discussions with Presbytery, conducting parish funerals and a wedding, and supervising a URC college student placement at MUC. We celebrated Sunday worship with a range of visiting ministers, with a slightly higher number than usual as our minister had a 3-month sabbatical in spring, as is standard for URC ministers for every 10 years of ministry. During that period we benefitted from an interim moderator appointed by Presbytery, who also took part in discussions with their Business Committee as part of their review of Local Ecumenical Partnerships. We took part in joint services with Christ Church (Scottish Episcopal).
Our pastoral assistant continues to lead care home services and the short weekday Prayers for Peace service and to visit elderly and housebound members along with our pastoral committee. Our pastoral assistant initiated membership of the Eric Liddell Peace Garden, located behind our hall into the Community of the Cross of Nails, an international organisation based at Coventry Cathedral. The first anniversary of membership was celebrated in August 2025.
Our Director of Music retired in 2025. We were able to to appoint a successor quickly from well-qualified applicants, to continue our musical traditions, including choir and organ scholar.
We continue to integrate into our building the Romanian Orthodox community, and support Ukrainian refugees with space in our building for making camouflage nets for field hospitals. The vacant manse continues to be used to give accommodation for a small Ukrainian refugee family. The Holy Corner Christian Aid book-sale hosted in our building is also an ecumenical venture with helpers from a range of different churches.
The congregation also held several special charity collections, hosted concerts, an Easter play and community groups, including IT training courses for older people in partnership with Southside Faith Care. One new elder was admitted to the Kirk Session during the year.
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## **Report of the Trustees** _for the year ended 31 December 2025_
## **Financial review**
The financial statements for the year are set out on pages 6 to 13. The Statement of Financial Activities on page 6 reflects net increase in funds of £11,960 (2024: net increase of £28,379). The increase in funds comes from the unrealised gain on investments being greater than the deficit of income against expenditure. This deficit figure amounts to £13,120 (2024: £4,683 surplus). Voluntary giving represents 23% of income. It fell significantly compared to 2024. Hall letting represents 43% in relation to unrestricted income. A bad debt of £4,875 from unpaid hall rental in 2024 was written off.
The flat owned by the church, continuing in use as refugee accommodation for the City of Edinburgh Council and managed by a housing association, started a new 5 year lease term with increased rental income. Ukraine hosting payment from the City of Edinburgh Council for use of the manse continues, though at a reduced rate. These property items make up 18% of income.
Standard expenditure items are generally at a similar level to 2024. Other buildings costs increased, primarily from utility costs, though these were offset by a grant. The money received from Presbytery for mission purposes was partly used for an Easter play performance.
Christian Aid income and donations increased compared to 2024. Some of the book-sale money went directly to Christian Aid by use of an electronic payment system. Collections for third parties do not generally match the donations in note 14 as collections over the Christmas period may not be paid out until the next year.
The current account was transferred in autumn 2025 to the Co-operative Bank, which has better ethical credentials than the Bank of Scotland. The move also avoided charges being introduced.
## **Investments and Performance**
Investments are held in the Church of Scotland Investors Trust Growth and Income funds and a portfolio of 9 ethical funds managed by Shackleton (formerly named Save and Invest). A standard annual withdrawal of £10,000 from these funds was made. All investments rose in value over the year from current market conditions.
## **Risk Management**
The Trustees assess the major risks to which the Charity is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a result of these reviews. It is known that Ministries and Mission costs will be significantly higher in 2026. The trustees are aware of the need to reduce expenditure, encourage increased giving by introducing a stewardship campaign in 2026 and seek improved returns from the assets held.
## **Reserves Policy**
The Charity held unrestricted funds amounting to £2,192,602 (2024: £2,180,667) of which approximately three quarters is represented by the value of properties. No property revaluation was made in 2025 as it was considered that the values are still applicable to current market conditions. Restricted funds amount to £4,958 (2024: £4,933) at the year end. The Trustees aim to have reserves to cover at least six months expenditure.
The Trustees have reviewed the financial requirements of the Congregation and concluded that the unrestricted funds not committed or invested in fixed assets (“the free reserves”) held by the congregation should be not less that £80,000. At that level, the Trustees believe that it would be able to meet expenditure in respect of the staff and properties owned by the Congregation.
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## **Report of the Trustees** _for the year ended 31 December 2025_
## **Structure Governance and Management**
Morningside United Church is a registered Scottish charity. It is an ecumenical congregation formally united in 1980 and in membership of both the Church of Scotland and the United Reformed Church. The Church is administered in accordance with its constitution as recognised by an Act of the General Assembly of the Church of Scotland (1998) and the United Reformed Church Act (2000). It maintains one single unified roll of members. Members of the Kirk Session are the Charity Trustees. The Kirk Session members are Elders of the Church elected by the congregation to serve for an agreed period. The Minister is Moderator of the Kirk Session, responsible for both spiritual and temporal affairs of the church. When the church is in vacancy an interim moderator is appointed by the denominations. A revised constitution approved by the congregation and the URC Synod was sent for approval to the Edinburgh Presbytery in autumn 2021 in advance of sending to OSCR. A response is awaited.
## **Reference and Administrative Information**
## _**Trustees**_
Mrs P Brindley Mrs Y Burnett Mr D Donald Mrs L Donald Ms R Kumbanga Mrs E MacGregor Rev Sarah Moore Rev Mary Taylor Mr K Wilson (from Oct 2025)
## _**Office bearers**_
**Minister** Rev Sarah Moore (part time) **Session clerk** vacant **Congregational Secretary** Ms R Kumbanga **Treasurer** Mrs Lesley Donald
Those Trustees who are named as office bearers are the Property Trustees in whose name all heritable property is held on behalf of the congregation.
## **Principal office**
15 Chamberlain Road Edinburgh EH10 4DJ
## **Independent Examiner**
Jamie Brown Facts and Figures (Scotland) Limited 13 Rutland Street Edinburgh EH1 2AE
**Bankers Investment Managers** Co-operative Bank Shackleton PO box 101 100 West Regent Street 1 Balloon Street Glasgow Manchester G2 2QD M60 4EP
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## **Report of the Trustees** _for the year ended 31 December 2025_
## **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 Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the income and expenditure 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 adequate accounting records that are sufficient to show and explain the charity’s transactions and 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 Congregational Meeting and signed on its behalf by:**
## **Rose Kumbanga**
_Congregational Secretary /Trustee_
_Dated: 19 April 2026_
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## **Report of the Independent Examiner to the Trustees** _for the year ended 31 December 2025_
I report on the accounts of the congregation for the year ended 31 December 2025 which are set out on pages 6 to 13.
## **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’s trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given in 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 Regulations (as amended) and
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) 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.
Jamie Brown Director Facts and Figures (Scotland) Limited 13 Rutland St ICAEW Chartered Accountants Edinburgh EH1 2AE
Date: 2026 21-04-2026
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## Morningside United Church
**----- Start of picture text -----**
Statement of Financial Activities for the year ended 31 December 2025
2025 2024
Restricted
Note Unrestricted Funds Restricted Funds Total Funds Unrestricted Funds Funds Total funds
£ £ £ £ £ £
Income
Donations and legacies 1 25,673 - 25,673 35,109 5,200 40,309
Charitable activities 2 71,586 10,855 82,441 77,868 5,772 83,639
Investments 3 13,615 80 13,695 15,134 167 15,301
Total income 110,874 10,935 121,810 128,110 11,139 139,249
Expenditure
Raising funds 4 2,523 - 2,523 2,423 - 2,423
Charitable activities 4 120,703 10,954 131,657 119,865 12,810 132,675
Total expenditure 123,226 10,954 134,180 122,288 12,810 135,098
Realised gains (losses) on
investments 8 (749) - (749) 520 12 532
Net (expenditure) (13,101) (19) (13,120) 6,343 (1,659) 4,683
Transfers between Funds - - - - - -
(13,101) (19) (13,120) 6,343 (1,659) 4,683
Other recognised gains
Unrealised gains/(losses)
on investments 8 25,036 44 25,080 23,683 13 23,696
Property revaluation - - - - - -
Net movement in funds 11,934 26 11,960 30,026 (1,646) 28,379
Reconciliation of funds:
Total funds brought forward 2,180,667 4,933 2,185,599 2,150,641 6,579 2,157,220
Total funds carried forward 12 2,192,602 4,958 2,197,560 2,180,667 4,933 2,185,599
**----- End of picture text -----**
Page 6
## Morningside United Church
**Balance Sheet** _as at 31 December 2025_
|**Note**
**Fixed Assets:**
Tangible assets
**7**
Investments
**8**
**Total Fixed Assets**
**Current Assets**
Debtors
**9**
Cash at bank and in hand
**Total Current Assets**
**Liabilities**
Creditors falling due within one year
**10**
**Net Current Assets**
**Total Assets less current liabilities**
**The funds of the charity:**
Unrestricted income funds
Restricted income funds
**Total charity funds**
**12**|**Unrestricted**
**Funds**
**£**
1,615,000
459,526
2,074,526
1,609
122,117
123,726
5,648
118,078
2,192,604
2,192,602
-
2,192,602|**Restricted**
**Funds**
**£**
-
1,526
1,526
-
3,432
3,432
-
3,432
4,958
-
4,958
4,958|**2025**
**Total Funds**
**£**
1,615,000
461,052
2,076,052
1,609
125,549
127,158
5,648
121,510
2,197,562
2,192,602
4,958
2,197,560|**2024**
**Total Funds**
**£**
1,615,000
449,280
2,064,280
7,670
118,823
126,493
5,172
121,320
2,185,600
2,180,667
4,933
2,185,600|
|---|---|---|---|---|
The notes on p 8 to 13 form part of these accounts
The accounts were approved by the Congregational Meeting on 19 April 2026 and signed on their behalf by
Rose Kumbanga (Congregational Secretary) Lesley Donald (Treasurer)
Page 7
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**Notes to the Financial Statements** _for the year ended 31 December 2025_
## **Accounting policies**
The principal accounting policies, which have been applied consistently in the current and previous year in dealing with items which are considered material to the accounts, are set out below:
## _**Basis of preparation**_
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) effective from 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)
## _**Fund Accounting**_
Funds are classified as either unrestricted funds or restricted 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 there from is used for the purpose defined in accordance with the objects of the charity. No endowment funds are currently held.
_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.
## _**Going concern**_
The Trustees consider that there are no material uncertainties about the ability of the charitable body to continue for the foreseeable future, and therefore has adopted the going concern basis in preparing these financial statements.
## _**Recognition of income**_
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
## _**Donated services and facilities**_
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
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## **Notes to the Financial Statements** _for the year ended 31 December 2025_
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## _**Recognition and allocation of expenditure**_
Expenditure is included in the Statement of Financial Activities on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure.
## _**Tangible fixed assets and depreciation**_
Expenditure incurred on the repair and maintenance of assets noted below is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives. No provision is made for the depreciation of income producing properties on the basis that the useful economic life of the properly maintained asset is in excess of 50 years.
The church and linked halls are considered to be assets of religious and historic significance owned by the congregation and used for its charitable objects have never previously been capitalised in the Church accounts. A valuation for their current use would be notional only and is not provided.
The Trustees have valued the Manse and the other investment property owned by the Church at current market values by making comparisons with prices of similar properties in comparable areas. Revaluation was made during 2023 (and previously in 2021).
All Furniture and equipment costing in excess of £5,000 having a value to the Church of greater than one year, other than those acquired for specific purposes, are capitalised. No assets are currently capitalised.
## _**Investments**_
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 the 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**_
Morningside United Church 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.
## _**Cash and cash equivalents**_
Cash and cash equivalents include cash in hand and deposits held at with the Investors Trust _**.**_
## _**Debtors**_
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.
## _**Creditors**_
Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
## Morningside United Church
**Notes to the Financial Statements** _for the year ended 31 December 2025_
|**Note**
**1**
Freewill offering /standing order
Open plate
Tax recovered on Gift Aid
Other donations
Legacies
**2**
Christian Aid income
Use of Premises
Flat and office rental
Ukraine hosting
Collections for 3rd parties
**14**
Grant income
LPW VAT reclaim
**3**
Investment income
Deposit interest
**4**
**Raising Funds**
Investment Manager Fees
Bank charges
**Charitable Expenditure**
Ministries and Mission contributions
Minister's Expenses
Pulpit Supply
Council Tax and Insurance
Other salary costs
**5**
Fabric Repairs & Maintenance
Other Buildings Costs
Church Office Expenses
Organ, piano, music & licences
Other expenses
Christian Aid donation & expenses
Other donations
Independent Examination
**Total**
deficit
**5**
Salaries and wages
Social Security Costs
Ministerial support
Office personnel
Music personnel
**Donations and legacies**
**Charitable Activities**
**Investments**
**Analysis of Expenditure**
**Analysis of Staff Costs**|**Unrestricted**
**Funds**
£
12,431
4,846
5,618
1,778
1,000
**25,673**
47,458
13,919
4,800
5,000
409
**71,586**
10,180
3,435
**13,615**
**Unrestricted**
**Funds**
£
2,478
45
2,523
38,126
1,118
1,485
11,815
18,072
10,878
30,574
2,916
997
3,721
1,000
120,703
**123,226**|**Restricted**
**Funds**
£
-
-
-
-
-
**-**
5,020
-
-
-
3,985
1,850
-
**10,855**
80
-
**80**
**Restricted**
**Funds**
£
-
-
-
-
-
-
-
-
-
-
-
1,502
5,050
4,402
-
10,954
**10,954**|**2025**
**Total**
£
12,431
4,846
5,618
1,778
1,000
**25,673**
5,020
47,458
13,919
4,800
3,985
6,850
409
**82,441**
10,260
3,435
**13,695**
**2025**
**Total**
£
2,478
45
2,523
38,126
1,118
1,485
11,815
18,072
10,878
30,574
2,916
997
5,223
5,050
4,402
1,000
131,657
**134,180**|**Unrestricted**
**Funds**
£
16,251
6,241
7,308
4,309
1,000
**35,109**
-
63,252
7,926
6,000
-
-
690
**77,868**
12,869
2,265
**15,134**
**Unrestricted**
**Funds**
£
2,423
-
2,423
38,291
2,565
872
11,097
18,431
12,018
26,284
3,287
1,407
4,652
-
-
960
119,865
**122,288**
**2025**
**total**
£
16,002
2,070
**18,072**
**2025**
**total No**
1
1
1
**3**|**Restricted**
**Funds**
£
-
-
-
5,200
-
**5,200**
5,772
-
-
-
-
-
-
**5,772**
167
-
**167**
**Restricted**
**Funds**
£
-
-
-
-
-
-
-
-
-
-
-
-
-
5,719
7,091
-
12,810
**12,810**|**2024**
**Total**
£
16,251
6,241
7,308
9,509
1,000
**40,309**
5,772
63,252
7,926
6,000
-
-
690
**83,639**
13,036
2,265
**15,301**
**2024**
**Total**
£
2,423
-
2,423
38,291
2,565
872
11,097
18,431
12,018
26,284
3,287
1,407
4,652
5,719
7,091
960
132,675
**135,098**
**2024**
**total**
£
18,431
-
**18,431**
**2024**
**total No**
1
1
1
**3**|
|---|---|---|---|---|---|---|
No employee received total employee benefits in excess of £60,000 (2024 nil)
Church of Scotland and United Reformed Church congregations contribute to the respective denominations Stipend Funds which bear the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund, as part of a total Mission and Ministries allocation. Ministers are paid in accordance with the different national stipend scales, Morningside United Church is Local Ecumenical Partnership, in membership of both denominations and pays an equal amount to the Mission Funds of both denominations. The total amount is determined by a formula agreed by the Ecumenical Development Group of Action for Churches Together in Scotland. For the year under review the minimum Church of Scotland stipend was £32,433 the maximum stipend (in the tenth and subsequent years) £39,856. The current 5th part time minister receives URC stipend which is lower.
Page 10
Morningside United Church
**Notes to the Financial Statements** _for the year ended 31 December 2025_
## **6 Trustee Remuneration and Related Party Transactions**
During the year one trustee was remunerated. The Minister, in accordance with the constitutional provisions, received reimbursement of expenses totalling £1,118 (2024 - £2,565). The pastoral assistant received salary, pulpit supply and expenses totalling £4,951 during 2024. (2024 - £5,291)
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 £4,500 was donated to the congregation by trustees, based on Gift Aid records and an estimate for those giving by open plate collection.
## **7 Tangible Fixed Assets**
|**Cost / Valuation**
At 1 January 2025
Revaluation
At 31 December 2025
**Net Book Value**
At 31 December 2025
At 31 December 2024
Market value at 1 January
Additions
Disposal
Realised gains / (loss) on investments
Unrealised gain / (loss) on investments
Movement in cash held by AJ Bell Securities
Market value at 31 December
Cost of Investments held
**Investments**|**Buildings**
£
1,615,000
-
1,615,000
**1,615,000**
1,615,000|**Equipment**
£
-
-
-
**-**
-
**2025**
**£**
449,280
-
(12,285)
(749)
25,080
(273)
461,052
378,447|**Total**
£
1,615,000
-
1,615,000
**1,615,000**
1,615,000
**2024**
**£**
438,958
6
(13,870)
531
23,696
(42)
449,280
319,272|
|---|---|---|---|
- **8 Investments**
The following investments are held:
Stocks held by AJ Bell Securities, managed by Shackleton (formerly Save & Invest) in 9 funds. Church of Scotland Investors’ Trust Income Fund
Church of Scotland Investors’ Trust Growth Fund
## **9 Debtors**
|Hall lets
Gift Aid Tax Refund due
Investment income due
**10**
Accruals
Other Creditors
**Creditors**|**Unrestricted**
**Funds**
£
771
838
**1,609**
**Unrestricted**
**Funds**
£
4,648
1,000
**5,648**|**Restricted**
**Funds**
£
-
-
**-**
**Restricted**
**Funds**
£
-
-
**-**|**2025**
**Total**
£
771
838
**1,609**
**2025**
**Total**
£
4,648
1,000
**5,648**|**Unrestricted**
**Funds**
£
4,824
1,616
1,230
**7,670**
**Unrestricted**
**Funds**
£
4,212
960
**5,172**|**Restricted**
**Funds**
£
-
-
-
**-**
**Restricted**
**Funds**
£
-
-
**-**|**2024**
**Total**
£
4,824
1,616
1,230
**7,670**
**2024**
**Total**
£
4,212
960
**5,172**|
|---|---|---|---|---|---|---|
Page 11
## Morningside United Church
**Notes to the Financial Statements** _for the year ended 31 December 2025_
## **11 Analysis of Net Assets Among Funds**
|Fixed Assets
Investments
Current Assets
Current Liabilities
**Net assets at 31 Dec 2025**
Fixed Assets
Investments
Current Assets
Current Liabilities
**Net assets at 31 Dec 2024**
**12 Movements in Funds**
**Unrestricted funds**
General Fund
Designated Assets fund
Designated Legacy Fund
**Restricted funds**
Education Fund
Short life mission fund
Minister’s discretion Fund
Dementia Fund
Donation Fund
Christian Aid Fund
**Total funds**
**Movements in Funds**
**Unrestricted funds**
General Fund
Designated Assets fund
Designated Legacy Fund
**Restricted funds**
Education Fund
Minister’s discretion Fund
Dementia Fund
Donation Fund
Christian Aid Fund
**Total funds**|**At 1 Jan**
**2025**
£
186,155
1,615,000
379,511
2,180,666
462
-
3,223
412
500
338
4,934
**2,185,600**
**At 1 Jan**
**2024**
£
177,909
1,615,000
357,732
2,150,641
1,584
3,129
412
1,170
285
6,580
6,579
**2,157,221**|**Income**
£
110,875
-
-
110,875
-
1,850
80
-
3,983
5,020
10,934
**121,809**
**Income**
£
128,111
-
-
128,111
86
80
-
5,200
5,772
11,139
**139,250**|**Unrestricted**
**£**
1,615,000
459,526
123,723
(5,648)
**2,192,602**
**Unrestricted**
**£**
1,615,000
447,798
123,041
(5,172)
**2,180,667**
**Expenditure**
£
(123,226)
-
-
(123,226)
(462)
(1,040)
-
-
(4,402)
(5,050)
(10,954)
**(134,180)**
**Expenditure**
£
(119,865)
-
(2,423)
(122,288)
(1,220)
-
-
(5,871)
(5,719)
(12,810)
**(135,098)**|**Restricted**
**£**
-
1,526
3,432
-
**4,958**
**Restricted**
**£**
-
1,482
3,451
-
**4,933**
**Gain (loss)**
**Invest**
£
-
-
24,287
24,287
-
-
44
-
-
-
44
**24,331**
**Gain (loss)**
**Invest**
£
-
-
24,202
24,202
12
13
-
-
-
25
**24,227**|**Total**
**£**
1,615,000
461,052
127,155
(5,648)
**2,197,560**
**Total**
**£**
1,615,000
449,280
126,492
(5,172)
**2,185,600**
**Transfers**
£
-
-
-
-
-
-
-
-
-
-
-
**-**
**Transfers**
£
-
-
-
-
-
-
-
-
-
**-**|**At 31 Dec**
**2025**
£
173,804
1,615,000
403,798
2,192,602
-
810
3,347
412
81
308
4,958
**2,197,560**
**At 31 Dec**
**2024**
£
-
186,155
1,615,000
379,511
2,180,666
462
3,223
412
500
338
4,934
**2,185,600**|
|---|---|---|---|---|---|---|
Page 12
Morningside United Church
**Notes to the Financial Statements** _for the year ended 31 December 2025_
## **Fund Purposes**
Unrestricted Funds General Fund To meet the costs of ministry and all other regular expenditure, including property Designated Assets Fund Represents the net book value of properties owned by the Church Designated Legacy Fund Funded from unconditional legacies and used at discretion of Trustees
## Restricted funds
Education Fund For educational purposes - fund used up in 2025 and closed Minister’s Fund To assist deserving causes at discretion of Minister Dementia Fund For work with care home residents (formerly via the Eric Liddell Centre) Christian Aid Fund For Christian Aid fundraising activities. Holy Corner Churches Committee organise & run the book sale, included in income and expenditure in these accounts. Donation Fund For collections for third parties (personal and charitable) Short life misson fund Grant from Presbytery of Edinburgh & West Lothian to be used for mission purposes
## **13 Volunteers**
In common with all congregations of the Church of Scotland and the United Reformed Church, 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.
|**14 Collections for Third Parties**
Salvation Army Gorgie Foodbank
Andy's Man Club
Eric Liddell Community
CHAS
Blantyre Synod CCAP (Malawi)
Score Scotland
Fresh Start|**2025**
2,565
700
539
100
-
-
-
**3,904**|**2024**
£
2,159
-
-
-
2,335
207
1,170
**5,871**|
|---|---|---|
Page 13
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