The Church of Scotland
Fairmilehead Parish Church of Scotland, Edinburgh
TRUSTEES. REPORT
AND FINANCIAL STATEMENTS
for the year ended
31 December 2025
Congregation No: 000010033
Registered Charity No: SC015967

Faimiilehead Parish Church of Scotland, Edinburgh
Trustees, Annual Report
Year ended 31 December 2025
The Trustees present the annual report and financial statements of Faimilehead Parish Church of
Scotland, Edinburgh for the year ended 31 December 2025. The financial statements have been
prepared in accordance with the accounting policies and comply with the General Assembly
Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005,
the Charstie5 Accounts (Scotland) Regulations 2006 las 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
wblished in October 2019.
Ob'ectives and Actlvltles
The Church of Scotland is Trinitarian in doctrine, Refomied 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.
We hold one Sunday moming service, at 10.30am. Th8re continues to be an increase in the number
of families with young children attending worship The first twenty five minutes of worship are all-age
with a focus on our growing number of children. Our Young Church and Creche numbers have also
continued to grow, with a Sunday Club continuing to operate for the older children. Tea, coffee and
fellowship lakes place after Sunday morning worship in one of our halls and is well attended.
Worship through music is18d by our Organists and Praise Band who offer a blend of traditional and
contemporary music to meet the needs of a varied age group of worshippers. PowerPoint is used
for church intimations and hymn singing. During the Summer, worship moves away from the
Lectionary and follows a Sermon theme.
The Sacrament ofcommunion is celebrated moiithly on the first Sunday ofeach month. At least on6
of the Communion services is for all ages. The Minister meets with all families who enquire about
baptism. Sunday services have also been shared or led by the worship team made up of Elders who
have undergone Presbytery training. Rev. Dr. John Young, now a member of our church, also
supports the Minister with seNices when required.
Midweek worship is offered monthly on a Thursday. This is a shorter service ofmusic and meditation
which also attracts those who would not nomally attend a church seNice. An outreach serviGe is
held weekly on a Thursday, for parents, grandparents and toddlers. This includes a short time of
prayer, and is led by the Minister and volunteer Elders.
During Holy Week. reflective services are held on the Wednesday and Thursday evenings, with a
short service also being held at noon on Good Fnday. Maundy Thursday is an Ecumenical Service
with St Fillan's Episcopal Church in BuGkstone. September worship focuses on Creation and the
care of our world. Remembran￿ Services are held in November, one of which is a youth service for
all of our Uniformed Organisations. A service for Ihose who find Christmas dfficult is held in
Décember for all those in our Parish. A Lenten Bible Study is held during Lent. A monthly Prayer
Diary is offered as a hard copy within worship and is also available on our website.
The church halls are an important asset and meeting place for the surrounding community. Many
groups are available for the congregation and others to join including the Guild, our church led book
club, our Fairniile project for the isolaled, our church knitting group and the uniformed organisations.
The halls are also used by the surrounding community.

Fairmilehead Parish Church of Scotland, Edinburgh
Trustees, Annual Report Icontinued)
Year ended 31 December 2025
Achievements and Perforniance
The Minister, members of the Kirk Session and its Committees continue to meet the spiritual needs
of the congregation through worship, study groups, and social and fellowship events. Members of
the Pastoral Care Group assist the Minister by visiting members of the congregation, either at home
or in hospital, who find it difficult to attend Church services. Sunday deliveries of flowers from the
sanctuary continue.
The Church's magazine 'Crossroads' is published twice yearly. Our outreach through Facebook
ontinues to increase, and our presence as a church communty is growing slowly also on Instagram.
The bi-monlhly newsletter for members of the Congregation has been replaced with a monthly
newsletter and prayer diary. Information is provided on the Church website, and banners and other
publicity all continue to promote the ways in which the work of the Church to the congregation and
wider community continues. The Church is the people, not the building.
Our Minister continues in her role as School Chaplain al the local primary school, Buckstoie Primary.
She leads school assemblies and holds the Good Samaritan Award, which she introduced and is
now part of the school calendar. The Minister also takes part in other school events. The primary
school children attended our church for a ChristmasAssembly in December2025. The Minister leads
a Summer Holiday Club each year, supported by a team of Elders and volunteers, for around 50
young pèople. Our Minister is a qualified Healthcare Chaplain and is a volunteer chaplain at Marie
Curie Hospice, Edinburgh, visiting when families request a chaplain.
The congregation continues to support Christian Aid and Mediterranean Hope. The donation point
for the Baby Foodbank is permanently situated in our church centr8 foyer. Wtth rising heating bills
and inflation this Foodbank collects foodstuffs particularly for young families. Eco m?tters continue
to be taken fO￿ard by our Property and Social and International Justice Committees.
The weekly Faimiile Project run by church volunteers continues to offer fellowship to those who aré
lonely or isolated. Our Pop-up café continues to thrive with members, visitors and those attending
classes in the halls meeting for coffee. Children are most welcome., high chairs, toys and a play mat
are available. There is no charJe for refreshments although donations are welcomed. This is an
opportunity for the church lo reach beyond the congregation to the wider community.
Our Nativity Grft Service in December donated new toys to families in need in Edinburgh via the
Edinburgh Food Project. At Christmas our retiring collections gathered money for the Trussell Trust
Food Bank and for Ciaran's House.
Presbytery Plan 2022-2025
Discussions have continued throughout 2025 on the Congregation's respons8 to the Presbytery
Plan, issued initially in December 2021. The current proposa5 is that Faimilehead will enter into
Parish Grouping Wlth Greenbank and Morningside Parish Churches, with the other churches
initially working towards forming a union. Ministers and Session Clerks have continued to meet to
di5CUSS the way forward.
During 2023, the Church of Scotland conducted an Asset Management Building Audit to assess
whether the buildings currently used by the three congregations are fit for purpose and in good order.
This determined that the sanctuary and church centre buildings at Fairmilehead are designated as
category A- 'the right space in the right place"

Fairmilehead Parish Church of Scotland, Edinburgh
Trustees, Annual Report (continued)
Year ended 31 December 2025
Financial Review
As shown in the Balan￿ Sheet on page 12 and detailed on page 23, total funds have increased
over the year. The increase of £27,853 reflects an increase of £37,160 in restricted funds and a
decrease of £9,307 in unrestricted funds. A main element of the increase in funds related to an
unrestricted legacy of £28,125 received during the year.
Part of the increase in funds is also due lo an increase of £5.249 in the market value of investments.
Investment policy and performance are considered under'lnveslment Objectives and Performance
against those Objectives. on page 6 As there is no intention or need to realise our holdings, this
review reflects on figures excluding accumulated unrealised losses.
The breakdown of funds, as depicted in the Movements in Funds on page 23, provides the following
net movements over the year..
Incoming
Resourc8S
Investment
gains
Outgoing
Resources
Transfers
Net
Surplusl
Deficit
General Fund (deficit)
Designated Funds surplus
Unrestricted Funds {deficil)
Restricted Funds surplus
191,349
202.630
11,281
685
9,307
37,160
38,105
Overall surplusllncrease in
funds
27,853
Funds are further considered below.
Unrestricted funds
The general fund deficit of £11,281 is slightly higher than the budget figure of a £10,000 deficit.
However, this was only achievèd due to the receipt of an unrestricted legacy of £28,125 during the
year, Rental income fell around £15,000 below budget as efforts continue lo be made to replace the
income from Swanston hall which was lost when the Council nursery moved out, with efforts to bring
in a repla￿ment private nursery having been thwarted by a change in Local Authorilyfunding policy.
Members, ordinary (unrestricted) offerings and related tax recovered continue to show a decline as
the size of the Gongregation continues to fall. largely due to deaths of members. During 2024, the
timing of the method used to reclaim tax from HMRC changed, which meant that the amount oftax
laimed for 2024 was higher than for a normal year. The 2025 figure fell back to the normal level.

Fairmilehead Parish Church of Scotland, Edinburgh
Trustses, Annual Report (continued)
Year ended 31 December 2025
Restricted funds
Restricted funds show income of £38,105 against expenses of £5,509 (page 11) with changes in
individual funds detailed in Note 15 on page 23. The main changes in the funds are as listed..
The Manse Fund continues to attract favourable distributions, a rate of retum on investments
of 5.050A.
Members of the congregation continue to donate regularly to the Parish & Youth Ministry
Fund. These monies are intended to cover the costs of a Parish Assistant and other outreach
and related expenses. The Parish Assistant post was not filled during the year, and the
Trustees are currently considering how best to approach the resourcing of outreach work in
future. The fund has a substantial favourable balance which ensures the ability to continue
to fund this activity as well as enabling us to explore further ministerial assistan￿.
During the year an amount of £1,850 was received from Presbytery in relation to the North.
Merchiston Fund. This funding is lo be used for mission purposes, to develop work in parishes andlor
to highlight the work of the church in the local communities. The Trustees agreed to allocate this
funding to the Parish and Youth Ministry Fund, and it is being used to contribLrte to outreach work
within the parish.
Risk Management
The average age of the congregation continues to rise with a potential negative impact on ordinary
givings. To partially mitigate against loss of donations we set up a contingency fund in 2018, a
balance of £25.000 being lodged in the Chure,h of Scotland Investors Trust - Income Fund. This
provie.ed income of 4.98 % overlhe year. The level of member£, donations is continually under review
and appeals are made to members to review regulady the amount oftheir giving.
Our Fundraising Committee has continued to organize events to raise funds lo assist in delivering
the mission of the church. Following the successful conclusion of Ihe roof fund appeal, the Kirk
Session is currently assessing priorities for the next major fundraising project. Funds raised so far
are being held meantime in a restriGted fund, which will be renamed once the fundraising project is
determined.
The high use of our halls and running costs exposes our vulnerability to reductions in hall let inGome.
It now appears unlikely that the Local ALrthority policy will allow us to let out one of our halls to
private nursery. Efforts have been made to bring in replacement income, but these are taking some
time. Consequently, rental income showed a reduction of around 100h compared with 2024.
Reserves Policy
It is the policy of the Trustees lo hold general reserves of a minimum of three months, general
expenditure. At the year end the Church held available funds of £38,689 in general funds, equivalent
to 2.32 months of budgeted general expenditure for 2026. The reduction in reserves cover from the
position at the start of the year reflects the deficit on the General Fund. Had the church not received
an unrestricted legacy of £28,125 during the year, the reduction in cover would have been
significantly greater.

Fairmilehead Parish Church of Scotland, Edinburgh
Trustees, Annual Report (continued)
Year ended 31 December 2025
Reserves Policy (continued)
An amount of £31,218 was held at the year end in a fund designated to mitigate against reductions
in the level of regular donations. In the event of further deficits arising in future years, the Kirk Session
will consider drawing down all or part of this designated fund to supplement the balance in the
General Fund. If the balance on this designated fund is included, the level of restricted funds held at
31 Decembér 2025 would equate to 4.19 months of budgeted general éxpenditure for 2026.
The Church also held £770,967 of restricted funds at 31 December 2025 whiGh are held for the
purposes specified in Note 15 on page 23.
Investment Objectives and Performance against those Objectives
Investment fixed assets are held in the Church of Scotland Investors Trust Income Fund which
invests in a mix of govemment bonds and corporate bonds with a small exposure to shares. It is
therefore a safer investment than the Growth Fund which invests mainly in a mix of shares with some
investmeiits in corporate bonds and property. The Income Fund is an appropriate medium-tem
investment which cU￿entlY offers a rate of income of around 50/0.
Our holdings ¢omprise.'
Cost
Market value
Restricted Funds
Manse
ProjectS-Parish & YoLrth Ministry, Boiler Repla￿ment
Guild
Designated Funds
Contingen¢y for Loss of Donations
142,726
19,995
1,004
136,930
18,292
2,301
24,994
23,646
188,719
181,169
Since 20rl 5. the market value of our investment in the Income Fund has, as expected, ftuclualed
betsveen unrealised gains and unrealised losses. Whilst the market value of the investments at 31
December 2025 remained below the cost, there is neilher the inlention nor the need to realise our
investments in the short term. Théré is therefore no need to indude a provision for any potential loss
in the accounts.

Fairmilehead Parish Church of Scotland, Edinburgh
Trustees, Annual Report (continued)
Year ended 31 December 2025
structure Governance and Mana
ement
The congregation is a registered charity, number SC015967. and is administered in accordance with
the terms of the Deed of Constitution {Unitary Forml and is subject to the Acts and Regulations of
the General Assembly of the Church of Scotland.
Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of
the church and are chosen from those members of the church who are considered to have the
appropriate gffts and skills. The minister, who is a member of the Kirk Session, is elected by the
congregation and inducted by Presbytery.
The Kirk Session, which normally meets five times per year, and al other times as necessary. is
responsible for spiritual affairs within the church. Certain responsibilities are delegated to committees
as appropriate. These Committees, including the Finance and Propety Committees, report directly
to the Kirk Session.
Reference and Administrative Infomiation
Trustees
Marilyn Aithie
Neil Grant
Muritsl Armstrong (died 27.10.251
Jane Hamilton
Scott Arthur
Anne Lambert
Jana Bentley
Fiona McGillivray
Pamela Black
Rev Cheryl McKellar-Young
Fiona Bonar
Annette Mackenzie
Aileer, Brannan
Rona Mackenzie
Jean Broadwood (resigned 11.10.251 Ron MacPherson
Maureen Carter
Mary Marek
Nicola Cuthbert
Stan Marek
Malcolm Cutt
Jacquie Mather
Fiona Dennistoun (resigned S.9.251
Erica Mathieson
Helen Grant
Carol Morwood
Stuart Monro
Douglas Pearson
Lilian Rankine
Katherine Shaw
Ron Unwin
Valerie Walke (resigned 2.3.251
Sandra Walton
Linda Warman
Duncan Wilson
Norma Wilson

Fairmilehead Parish Church of Scotland, Edinburgh
Trustees, Annual Report Icontinued
Year ended 31 Decembar 2025
Principal Office-bearers
Minister=
Session Clerk..
Rev. Cheryl McKellar-Young
Malcolm G Cutt
Principal and Registered OITice
Church Office
1 a Frogslon Road West
Edinburgh
EH10 7AA
Charity Number..
SC015967
Website..
htt '.1fv4ww.fh
c.or
Independent Examiner
Anne Campbell FCA
Stripe Accountants Ltd
5 South Charlotte Slrpet
Edinburgh
EH2 4AN
Bankers
Royal Bank of Scotland
West End Branch
142-144 Princes Street
Edinburgh
EH2 4EQ

Fairmilehead Parish Church of Scotland, Edinburgh
Tru8to08' Annual Raport (continued
Year ended 31 December 2025
Trustses. Res
onsibilities in Relation to the Financial Statsments
The chanty Trustees are re$ponsib18 for prepanng a trnstees, annual report and financial Statements
in accordance with applicable law and United Kingdom AG¢ounling Standards (United Kingdom
Generally Accepted Accountsng Pra&ice)
The law applicable to charities in Scotland requirés the charity tnjstees to prepare financial
statements for each financial year which show a true and fairview of the state of affalrs of th6 ¢harty
and of the incoming resources and application of r8sourc8s, of the charity, for that period. In
preparing those financial statements, the Trustees arp required to:
select Suitable accounting ￿1cleS and th6n apply them consisten￿Y',
observe the rnethod and principles in the application of Charities SORP-
make judgments and estimates that are reasonable and F￿dent.,
slate whether applicable accounting $tsndards and statements of recommended practice
have l)een followed, subject to any departures disclosed and explained in the financsal
statements.
prepare the financial statements on the going ¢on¢em basis, unless It is inappropn'ate to
presume that the tharity will continue in operational existence.
The Trustees are responsible for keepiro proper accounting records which disdose with reasonable
accuracy at any time the financial position of the charity and to enable them lo ensure that the
financial Statements comply with the Charitie$ and Truste¢ Invostment (Scotland) Act 2005 and
the Charities A¢¢ounts (ScotlandTr Regulations 2006 las amendad}. They are also responsible
for safeguarding the assets of Ihe charity and hence for laksng reasonable steps for the prevention
and detection of fraud ar*d other iThegularities.
The Trustees are responsible for the Maintenan￿ and integiity of the charity and financtal
informatron on the congregation's websrte. Legislation in the United Kingdom goveming the
preparation and dissemination ot financial statements may d￿er from legislation in other
jurisdis*'ons.
Approved by the Tr￿tee$ and signed on their behalf,
Malcolm G Cutt
Session Cleft*
Data: 29 March 2026

Falrmilehead Parish Church of Scotland, Edinburgh
Indopendent Examiner'8 Report to the TrustOO8 of Faimiilohaad Par18h Church of
Scotland. Edinburgh
Year ended 31 December 2025
SC015967
I report on the ac￿Unts of the charrty for the year ended 31 D￿rnber 2025 whith are set out on
pages 11 to 26.
Respective responsibilities of Trustsos and Examingr
The charity's Trustees are responsible for the preparation of the accounts in accordance wth the
temis of the Charities and Trustee Investment (Scotlandl Act 2005 and Ihe Charities Accounts
(Scotland) Regulations 21J)6 {as amend8dl.
The charrty Trustees Cor￿Ider that the audit requirement of Regulation 10(1) {al to (c) of the 2006
Accounts Regulations dc)es not apply. It is my responsibility to examine the accounts as required
under section 44{1) Icl ofthe Act and to state whether particular matters have come to my attention.
Basis of IndgP9ndent Examinefs Statsmant
My examination is carried out in accordance wth Regulats'on 11 of the Charities Ac¢ourrt$ {S¢otlandl
Regulations 2006 (as amended). An examination indudes a review of the accountin9 records kept
by the charity and a comparison of the accounts pre5entsd with those records. It also includes
consideration of any unusual ttems or disclosures in the accounts. and seeks explanations from the
trustees Con￿rning ony $u¢h matters. The procedures undertaken do not provtde all the evidence
that would be required in an audrt, and consequently I do not express an audit opinion on the view
given by the accounts.
Independent Examin•V8 Statornent
In the course of rny examination, no matter ha$ come to my attention
which gives me reasonab￿ cause to believe that in any material resped the ￿uirements..
to keep accounting re¢ords in accordance with Sethon 4411) (a) of the 2005 Act and
Regulation 4 of the 20C6 Accounts Regulations {a8 amended), and
to prepare accounts which accord with the accounting records and comply with
Regulation 8 of the 2006 Accounts Regulations {a$ amended) have not been met, or
to ￿lCh, in my opinFon. attention should b8 drawn in ord8rto enable a WOFer understanding
of the accounts to be reached.
Name: Anne Campbell FCA
Address: Stripe Accountsnts Ltd
5 South Charlotte Street
Edinburgh
EH2 4AN
Date:
1 April 2026
io

Fairmilehead Parish Church of Scotland. Edinburgh
Statement of Financial Actlvltles
Year ended 31 December 2025
Unrestricted Restricted
Funds
Funds
2025
2025
Total
2025
Total
2024
Note
Incomè from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Grants and other income
116,887
17,528
7,882
134,415
7,882
71,873
12,530
4,043
134,987
8,720
79,440
11.648
2,087
71,873
2,754
1,124
9,776
2,919
TOTAL INCOME
192,638
38,105
230,743
236,882
Expenditure on:
Raising funds
Charitable activities
202,630
5,509
208,139
207,173
TOTAL EXPENDITURE
202.630
5,509
208,139
207,173
Net {expendltureyincome before
gains and losses on investmenls
Net gaIn￿(lOsses) on investments
Net lexpenditure)lincome
{9,992}
685
{9,307}
32,596
4.564
37,160
22,61)4
5,249
27,853
29,709
1,591
31,300
10
Transfers between funds
Net movement in funds
15
19,307)
37,160
27,853
31,300
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
79,214
69,907
733,807
770,967
813021
840 874
781,721
813,021
15
The church has no recognised gains or losses other than the results for the year as set out
above.
All of the activities of the church are classed as continuing.
The notes on pages 13 to 26 fomi part of the financial statements.

Fairmilehead Parish Church of Scotland, Edinburgh
Balance Sheet
At 31 December 2025
2025
2024
Note
Fixed Assets
Tangible Fixed assets
Investments
500,500
181,169
681,669
500.500
175,920
676,420
10
Current Assets
Debtors
Deposits- Church of
Scotland
Bank and cash
11
5,785
17,544
41,788
119,412
166,985
33.018
91.721
142,283
Creditors
Falling due within one year 12
7,780
5,682
Net Currènt Assats
Net Assets
159,205
840,874
136,601
813,021
Unrestricted Funds
General funds
Designated funds
15
38,689
31,218
49,970
29,244
69,907
79,214
Rostricted Funds
15
770,967
840,874
733,807
813,021
Total Funds
The accounts were approved by the Kirk Session on 29 March 2026.
For and on behalf of the Kirk Session..
Session Clerk
Trustee
12

Fairmilehead Parish Church of Scotland, Edlnburgh
Accounting Policies
Year ended 31 December 2025
The principal accounting policies, which have been applied consistently in the current
and preceding year in dealing with items considered material to the accounts, are set out
below.
Basis of preparation
The accounts have been prepared under the historical cost convention with rf(ems
recognised at cost or transaction value unless otherwise stated in the relevant notes to
Ihese accounts. The accounts have been prepared in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practi￿ applicable to charrties
preparing their accounts in accordance with the Financial Reporting Standards
applicable in the UK and Republic of Ireland {FRS 1021 issued in October 2019 and the
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102),
the Charities and Trustee Investment (Scotland j Act 2005 and the Charities Accounts
{Scotland) Regulations 2006 (as amended).
The charity constitutes a public benefil entity as defined by FRS 102.
The Truslees consider that there are no material uncertainties about the charity's ability
to rnntinue as a going concern.
Fund accountlng
Funds are classified as either restricted fvnds or unrestricted funds, defined as follows=
Restricted funds are funds subjèct to specific requirements as to their use, but still within
the wider objects of the charrty. The specific requirements as to use may either be
declared by the donor or with the donor's authority, or be created through legal
processes.
Unrestricted funds are expendable at the discretion of the trustees in furtheran￿ of the
objects of the charity. If parts of the unrestricted funds are eamarked at the discretion
of the trustees for a particular purpose, they are designated as a separate fund. Suth
designation has an administrative purpose only and does not legally restrict the trustees,
discretion to apply the fund.
13

Fairmilehead Parlsh Church of Scotland, Edinburgh
Accounting Policies (continued)
Year ended 31 December 2025
Incoming resources
All legacies, donations and gifts are included within incoming resources as either
unrestricted or restricted funds, according to the terms under which the legacy or
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
harity where readily available. Investment income is included within incoming resources
as either unreslricted or restricted funds, according to the classification of the funds to
which the investments belong, and is brought into the accounts when entitlement to the
income arises. Rental income is included within incoming resources as unrestricted
funds and is brought into the accounts when entitlement to the income arises.
Donated services
Donated professional sernices and donated facilities are recognised as income when the
charity has control over the item, any conditions 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
{FRS1021 the general volunteer time of congregation members is not reco9nised.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can bè
measured reliably by the charity,. this is normally upon notrfication of the interest paid or
payable by the Bank.
Resources expended
All expendilure is included on an accruals basis and is recognised when there is a legal
or constructive obligation to pay for expend+ture. All costs have been directly attributable
to one of the functional categories of resources expended on the SOFA. The charity is
not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
Charitable expenditure comprises those costs incurred by the chartty in delivery of its
activities and services.
Cosls of raising funds are those Gosts incurred in attracting voluntary income.
14

Fairmilehead Parish Church of Scotland. Edinburgh
Accounting Policies (continued
Year ended 31 December 2025
Tangibl• fixed assets
The Charity has the right to occupy and use for its charitable objects certain tangible fixed
assets, including the Church and halls, vested in the Church of Scotland General
Trustees. These assets have been excluded from the accounts. No consideration is
payable for the use of these assets. Expenditure inCu￿ed on the repair and maintenance
of these assets is charged as resources expended in the Statemenl of Financial Activities
in the period in which the liability arises.
The Manse, which is locally held, is included in these accounts at deemed cost derived
from valuation. It was not considered necessary to obtain professional valuations of
these bLtildings. The Trustees have based their valuations on their knowledge of local
market condttions.
Expenditure incurred on the repair and maintenance of all these assets is charged as
resources expended in the Statement of Financial Activities in the period in which the
liability arises.
All tangible fixed assets costing in excess of £5,oc￿ having a value to the charity greater
than one year, olher than those acquired for specific purposes, are capilalised.
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 8Stimated useful lives.
The Ivcally-held buildings are not depreciated. The Trustees uonsider that these assets
will. at worst, maintain their present values over time so that their estimate
residual
values will be no less than current valuations.
Inv6strnents
Investments are a fomi of basic financial instrument and are initially recognised at their
transaction value and subsequently measured at their fair value as al the balance sheet
date using the closing quoted market price. The Statement of Financial Activities includes
the net gains and losses arising on revaluation and disposals throughout the year.
The charity does not acquire put options, derivatives or other complex financial
instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets
and investment markets due lo wider economic conditions, the attitude of investors to
investment risk, and changes in sentiment concerning equities and within particular
sectors or sub sectors.
15

Fairmilehead Parish Church of Scotland, Edinburgh
Accounting Policies (continued
Year ended 31 December 2025
Taxation
Fairmilehead Parish 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.
Debtors
Trade and other debtors are recognised at the settlement amount due after any discount
offered. Prepayments are valued al the amount prepaid net of any discounts due.
Creditors
Creditors and provisions are recognised where the ¢harily has a present obligation
resulting from a past event that will probably result in the transfer of funds lo a third party
and the amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions a￿ normally recognised at their settlement amount after
allowing for any discounts due.
Financial instruments
Financial instruments comprise financial assets and financial liabilities which are
recognised when the charity becomes a party to the contractual provisions of the
instrument. Financial instruments are classified as 'basic" in accordance with FRS102
and are accounted for al dmortised cost using the effective interest method. The effective
interest rate is the rate that exactly discounts estimated future cash flows over the life of
the financial assets or liability to the net carrying amount on initial recognition.
Discounting is not applied lo short-term receivables and payables, where the effect is
immaterial. Financial assets comprise cash, trade debtors, other debtors and accrued
income. Financial liabilities comprise bank overdrafl, trade creditors, other creditors and
accruals.
16

Fairniilehead Parish Church of Scotland, Edinburgh
Notes forniing part of the financlal statements
for the
èar ended 31 December 2025
Unrestricted
Funds
2025
Restrlcted
Funds
Total
Total
2025
2025
2024
Donations and Legacies
Offerings
Tax recovered on Gift Aid
Legacies
Other offerings, donations. etc.
72.005
16.167
28,125
590
116,887
14.082
2,946
86,087
19.113
28.125
1,090
134,415
85,679
26.547
20,000
2,761
134,987
500
17,528
Income from donatrons and legacies was £134,415 12024.. £134,987) of which £116,887 was
unreslricled {2024. £119,905) and £17,528 was restricted12024'. £15,082)
Income from charitable
activities
Cake s8le$, book sales, etc.
7882
8,720
8,720
7,882
Income from charitable activities was £7,88212024". £8,720} of which £- was unreslricled12024.'
£-l and £7.882 was reslricled12024'. £8,720)
Income from other tradlng
a¢tivitioS
Rent received
71,873
71,873
79,440
79,440
71,873
Income from other trading activities was £71.87312024'. £79,440) of which £71,873 was
unrestricted12024.. £79,440) and £- was restricted12024'. £-1
Invtstrngnt income
Deposit interest
Dividends received
1.509
1,478
8,298
9,776
2,987
9,543
12,530
2,105
9,543
11,648
2,754
Total investment income was £12,53012024.' £11,648) of which £2,754 was unreslricled12024.'
£2.0501 and £9,776 was reslricted12024.' £9,598)
Grants and other Income
Grants and other income
1,124
2.919
2,919
4,043
4,043
2,087
In￿rne frorn other income and grants was £4,04312024." £2,087) of wh￿h £1,124 was
unrestricted12024'. £1,387) and £2,919 was reslricled {2024. £7001
17

Fairmilehead Parish Church of Scotland, Edinburgh
Notes fomiing part of the financial statements (continued)
for the
ear ended 31 December 2025
Unrestricted
Funds
Restricted
Funds
Total
Total
2025
2025
2025
2024
6 Analysis of Resources Expended
Raising Funds
Offering Envelopes
Charilable Activities
Giving to Grow contribution
Presbytery Dues
Expenses of ministry
Ministerial assislance
other salary costs
Fabric repairs & maintenance
76,570
1,729
1.204
500
47,729
19,714
624
77,194
1,729
1,204
500
48,670
19,986
74.697
1,444
600
46.616
18,733
941
272
Fl;.11
Council Tax
Other buildings costs
Church Office expenses
Organ & music
other expense5
Depreciation
4,400
35,062
4,344
7,454
2,674
4,400
35,653
5,939
7,689
3,925
3,728
40,592
6,645
7,624
3,980
591
1,595
235
1,251
201,.780
5,509
206,889
206,003
Governance costs
Independent Examination
1,250
202,630
1.250
208,139
1,170
207.173
5,509
Expenditure on raising funds wa$ £-12024.' £-} of which £- was unrestricted12024.. £-l and
£- was restricted12024.. £-1.
Expenditure on charitable activities was £208, 13912024.. £207,173) of which £202,630 was
unreslricled12024'. £188,345) and £5,509 was reslricled12024'. £18,828).
Support costs have not been separately identified as the Trustees consider there is only
one charitable activity. Therefore, support costs relate wholly to that activity and have not
been separately identified.
18

Fairmilehead Parish Church of Scotland, Edinburgh
Notes forming part of the financlal statements (contlnued)
for the year ended 31 December 2025
2025
2024
7 Stsff costs and numbers
Salaries and wages
Social security costs
Pension costs
Total
46,702
49,313
718
47,420
681
49,994
The cost of the use of agency staff for the year was £4,535 {2024.' £9971.
No employee earned more than £60,000 (2024.. none).
The average number of employees during the year, calculated on the basis of a head
count, was as follows..
2025
2024
Administration
Music staff
Premises maintenance
The charity operates a defined Lontribution pension scheme on behalf of its employees. The
pension charge represents contributions due from the charity and amounted to £718 {2024'.
£681) in the year. At the year end an outstanding balan￿ of£nil12024: £nil) was owed to Ihe
scheme. Pension costs are wholly charged to unrestricted funds.
All Church of Scolland congregitions contribute to the National Stipend Fund which bLhars
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 wrth the
national stipend scale, which is related ta years of service. For the year under review the
minimum stipend was £32,433 (2024. £31,642) and the maximum slipend (in the fifth and
subsequent years) was £39.856 (2024.. £38,884}.
19

Fairmilehead Parish Church of Scotland, Edinburgh
Notes formlng part of the financial statemonts (continuèd)
for the year ended 31 December 2025
8 Trustee Remun8ratlon and Relaled Party Transactlons
Rev. Cheryl McKellar-Young, Minister, received re-imbursement of expenses of £1,204
12024.. £1,344), comprising £960 travel expenses (2024.. £960) and £244 telephone allowan
{2024. £3841
No other Trustee or a person related to a Trustee had any personal interest in any contract
or transacts.on entered into by the charity during the year.
During the year a total of £27,834 (including Gift Aid) was donated to the congregation by
Trustees (2024.. £30,128).
9 Tangible Fixed Assets
Herltable Artwork
Totsl
Cost
At 1 January 2025 and 31 December 2025
500.500
5,550 506,050
AcCum￿lated Depre¢iation
At 1 January 2025
Depreciation
At 31 December 2025
5,550
5,550
5,550
5,550
Net Book value
At 31 December 2024
At 31 December 2025
500,500
500,500
500,500
500,500
20

Faimiilehead Parish Church of Scotland. Edinburgh
Notes forniing part of the financlal statements (continued)
for the year ended 31 December 2025
10 Investments
2025
2024
Market value at 1 January
Sale of investments
Realised gains on investmenls
Unrealised gain on investments
Market value al 31 December
175.920
174,329
5,249
181,169
175920
Investments at cost
188,719
188,719
All investments are UK investments held in the Church of Scotland Income Fund.
11 Debtors
2025
2024
Gfft aid tax refund due
Accrued income - hall rentsls
Other debtors and
prepayments
4,313
401
14.921
674
1,071
5,785
1,949
17,544
12 Creditors
2025
2024
Accrued charges and deferred
income
7,780
5,682
21

Fairniilehead Parish Church of Scotland, Edinburgh
Notes forming part of the financial statements (contlnued
for the year ended 31 December 2025
13 Analysis of Net Assets Between Funds
Unrestricted
General
Designated
Rgstrictgd
Total
Fixed Assets
Investments
Net Current Assets
Net assets at 31 Dec 2025
500,500
157,523
112,944
770,967
500,500
181,169
159,205
840,874
23.846
7.572
31,218
38,689
38,689
Unrgstricted
Goneral
Deslgnated
Regtrlcted
Total
Fixed Assets
Investments
Net Current Assets
Net assets at 31 Dec 2024
500,500
152,960
80,347
733,807
500,500
175,920
136,601
813,021
22,960
6,284
29,244
49,970
49,970
14 Voluntoers
In common with all Congregations of the Church of Scotland, the congregation benefrts from
the contribution made by volunteers who give tt￿1r 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 lo continue were it not for Ihe
commitment shown.
22

Falnnilehead Parish Church of Scotland. Edinburgh
Notes fomiing part of the financlal statements (continued}
for the year ended 31 December 2025
15 Movements in Funds
InvgSt-
ment
gainsl
{losse8)
2025
Transfgrs
bgtweon
funds
At1Jan
2025
Incoming
Resources
At 31 Dec
2025
Outyoing
Resources
Restrlcted funds
Manse Fund
Parish & Youth Ministry Fund
Sunday Tealcoffee Fund
Praise Group Fund
Paslool Fund
Boiler Replacement Fund
Caerketton Upgrade Fund
Toilet Refurbishment Fund
Major Projects Fund
Guild Fund
662,738
46,502
1,815
2,058
2,519
12,111
650
2.110
269
3,035
733.807
8,681
18,027
1,961
{8631
13,5021
3,967
265
674,523
61,292
3,776
2,058
2,461
12,858
650
2.110
8,032
3,207
770,967
(581
482
265
7,763
1,191
1.086
5.509
67
4,564
Unrestrlcted funds
Designated funds
Contingency for Loss of
Donations Fund
29,244
1,289
685
31.218
General Fund
49,970
191,349
1202,6301
38,689
79,214
192 638
202,630
69,907
Total Fund¥
813 021
230 743
208.139
840.874
23

Fairmilehead Parish Church of Scotland, Edinburgh
Notes forming part of the financial ststements (continued)
for the year ended 31 December 2025
15 Movements In Funds (contlnued
Invest-
ment
gainsl
Ilossesl
2024
Tiansfers
between
funds
At1Jan
2024
Incoming
Resources
Outgoing
Resources
At 31 Dec
2024
Rgstricted funds
Manse Fund
Parish & Youth Ministry Fund
Sunday Tealcoffee Fund
Praise Group Fund
Pastoral Fund
Boiler Replacement Fund
Caerketton Upgiade Fund
Toilet Refurbishment Fund
Major Projects Fund
Roof Fund
Guild Fund
653,607
37,434
3,226
2,058
1,545
11,548
850
2.110
137
1,711
3,326
717,352
8,512
13,993
2,118
1583}
15,0051
{3,5291
1,202
80
662,738
46,502
1,815
2,058
2,519
12.111
650
2.110
269
1,120
482
{1461
81
132
5,799
1,944
17,5101
2,055
20
200
200
3,035
733,807
Unrestricted funds
Designaled funds
Contingency for Loss of
Donations Fund
27.743
1.293
208
29,244
General Fund
36,626
201,489
{188,34SI
200
49,970
64,369
202,782
188,345
208
200
79,214
Total Funds
781721
236 882
207,173
1,591
813 021
24

Fairniilehead Parish Church of Scotland, Edinburgh
Notes ft)nning part of th8 financial slatements (continued)
for the year ended 31 December 2025
15 Movements in Funds {contlnued)
Pur
oses of Restricted Funds
Manse Fund.. This reflects the cost price of the manse property and the investment of the net surplus
on the sale of the previous manse.
Parish & Youth Ministry Fund.. This is a fund to provide for the salary and other costs of ministerial
assistance with parish work, outreach and youth ministry,. and for youth development and young
church expenses.
Sunday Te8JCoffee Fund.. This is a fund to be used primarily towards the provision of kitchen
equipment, and upgrades to the kitchen, tables and chairs.
Praise Group Fund.. This is a fund to be used towards the provision of sound equipment, etc. for use
by the Praise Group.
Pastoral Fund.. This 18 a fund to be used towards the costs of providing pastoral &3re to the elderly
and infirm.
Boiler Replacemènt Fund.. This is a fund to be used towards the cost of boiler repla￿Ment.
Caerketton Upgrade Fund: This is a fund to be used towards the costs of upgrades to Caerketton
Hall.
Toilet Refurbishment Fund.. This is a fund to be used towards the refurbishment of the toilets.
Major Projects Fund-. The Kirk Session is currently assessing priorities for the next major fundraising
project. Funds raised so far are being held in this restricted fund. and will be applied towards the next
major project which is as yet not detemined.
Roof Fund.. This fund was closed in 2024 once the final retention paym8nt for the roof works was
made.
Guild Fund.. This is a fund administered by the Guild.
Pur
oses of Desi
nated Funds
Contingency for Loss of Donations Fund.. This fund has been set up as an investmenl to earn income which
will mitigate the effects of a downward trend in ordinary givings du8 to deaths, transfers and other losses.
25

Fairmilehead Parish Church of Scotland. Edinburgh
Notes fomiing part of the financial statements (continued)
for the ygar gnded 31 December 2025
16 Coll8ctlons for Third Parties
2025
2024
Christian Aid
Church of Scotland HIV Programme
Mediterranean Hope
Edinburgh Direct Aid
Ciaran's House
Marie Curie
Edinburgh Food Project
543
831
512
697
476
323
500
582
51
2,673
1,186
3,028
Collectlons from the Gulld
Church of Scotland Programme
Christian Aid
Fresh Start
Butterfiy Trust
Salvation Army
Fairmilehead Parish Church
846
185
384
182
121
100
121
200
1,352
200
967
Total collected for and pald to
third parties
Due to be paid to third parties
3,377
3,357
283
3,640
4,380
26