## **St Peter’s Church, Lutton Place, Edinburgh Annual Report and Accounts for the year ended 30 June 2025** 

**Contents Page** Reference and Administrative Information Trustees Annual Report 3-5 Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9-15 

1 



**St Peter’s Church, Lutton Place, Edinburgh** 

## **Reference and Administrative Information** 

|**Charity Name and Address**|St Peter’s Church||
|---|---|---|
||16 Lutton Place||
||Edinburgh||
||EH8 9PE||
|**Scottish Charity Number**|SC017358||
|**Charity Trustees**|_Members of the Vestry:_||
||Revd Nick Wills|Chairman|
||Janice Allister||
||Chris Anderson up to March 2025||
||Chris Hodgson||
||Liz Mackay||
||Jacob Peterson||
||Christine Rednall||
||Jan Sidaway, Lay Representative||
||Lenore Simson up to October 2024||
||Roddy Simson, alternate Lay Representative||
||Janet Young||
|**Hon. Treasurer**|Laura Bird||
|**Hon. Secretary**|Janice Allister||
|**Lay Representatives**|Roddy Simson||
|**Ministry Team**|Revd Nick Wills|Rector|
||Revd Susan Whitehouse|Associate Clergy|
||Bishop Donald Allister|Associate Clergy|
|**Bankers**|Bank of Scotland||
||51 South Clerk Street||
||Edinburgh EH8 9PP||
|**Independent Examiner**|Patricia A McAlister CA||



2 



## **Trustees Annual Report Year ended 30 June 2025** 

As the Charity Trustees of St Peter’s Church, the Vestry presents its report and accounts for the year ended 30 June 2025. These have been prepared in accordance with the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102). 

## **Structure, governance, and management** 

St Peter’s is an unincorporated association, governed by Constitution dated 17[th] November 1862 and subsequently amended by Deeds of Constitution, most recently on 10[th] January 2016. For the purposes of charities law, the members of the Vestry are the Charity Trustees of the Church. St Peter’s is a member congregation of the Diocese of Edinburgh in the Scottish Episcopal Church. The Bishop of Edinburgh has pastoral oversight of all congregations within the Diocese, and all congregations are subject to the Canon Law of the Scottish Episcopal Church. 

The members of the Vestry normally hold office for three years and are elected at the Annual General Meeting. The Lay Representative, who represents St Peter’s at Diocesan Synod, and Alternate Lay Representative, are elected annually at the Annual General Meeting. The Vestry Secretary and Treasurer are appointed by the Vestry. The Rector is appointed by a special committee consisting of the Vestry and five Constituent Members of the Congregation appointed at a Special Meeting of the Congregation, and by the Bishop of the Diocese. 

## **Objectives and activities** 

The objective of St Peter’s Church is to advance the mission of the Christian Church, through worship, service and fellowship. The principal activities of the Church are public worship and the spiritual development of its members.  In carrying out its objective, the Vestry depends upon the contribution of volunteers from the Congregation who participate in worship, serve on sub-committees and in many pastoral and social activities. These contributions are highly valued, and members of the congregation are encouraged to participate. Funds are collected and passed on to charitable causes that provide benefits to disadvantaged individuals and communities in Scotland, the rest of the United Kingdom and overseas. 

## **Staffing** 

During the year 2024-2025, St Peter’s employed the following staff. Rector Rev Nick Wills Administrator & Organist Sheila Chisholm Buildings Manager & Treasurer Laura Bird Church Cleaner Liz Mackay Director of Music Rupert Forbes Children & Youth Becky Wills 

## **Rectory** 

14 sash windows and one set of French doors at the Rectory were repaired and repainted this year, along with the external doors.  The dormer bay window was replaced with double glazed units. 

## **Financial Review** 

Unrestricted General Fund income was £217,264 (2024 £210,527) from voluntary income, grant, rent and investment income.  Unrestricted General Fund expenditure was £188,518 (2024 £182,236), generating an operating surplus of £28,746 (2024 £28,291).  Our other unrestricted fund is the Designated Building Fund where income for this year was nil (2024 nil) and expenditure was £16,311 (2024 £31,118). 

Our General Fund increased during the year to £592,073 (2024 £559,482).  The building fund reduced to £44,943 (2023 £61,254). 

3 



Restricted income, being grants and donations for a specific purpose, amounted to £1,977 (2024 £26,125) which was expended during the year.  These were donations for a defibrillator and the organ scholarship. 

2025 has seen a below inflation increase in the value of our investments. Our investment property in Hope Park Crescent is valued at market value and this value is estimated to have increased by £60 in the year, based on price trends issued by the Edinburgh Solicitors Property Centre. 

A provision has been made in connection with billing of electricity to the church. Despite efforts to alert the supplier to the issue, the meter supplying electricity to the church and halls is not being billed. The trustees consider that the steps already taken to notify the energy supplier, in conjunction with the energy regulator’s rules relating to microbusinesses, make the likelihood of the energy supplier being able to backbill more than one year’s supply very small. It is estimated that the church has used approximately £13,000 of electricity in the last year, and that has been provided for in the accounts (2024 - £6,000). 

In 2026 we aim to continue to consolidate our financial situation, rebuild reserves for the next big capital project and keep St Peter’s assets in good order for Christian outreach. 

## **Investments and reserves** 

The investments are funds managed by Baillie Gifford. Investments are made through investment and unit trusts providing a broad spread of mainly equity holdings. The Investment Property is a flat in Hope Park Crescent, Edinburgh which was formerly used to accommodate the curate. 

It is the policy to hold cash on deposit to cover known commitments and to avoid being forced to make sales when markets are low. Accordingly, Bank balances at 30 June 2025 amounted to £190,783 to allow us to manage cashflow.  The bulk of these funds were in an Instant Access Deposit Account and Fixed Term Interest Account.  The Finance Committee will decide whether to now move more cash into investments. 

## **Risk Management** 

The principal risks faced by St Peter’s are the receipt of congregational giving and unanticipated costs required to maintain the Church and Hall.  Periodic stewardship campaigns are run to encourage congregational members to review their giving. 

We maintain an active church and hall maintenance programme and undertake a full structural review of all our properties every five years. The dry rot in the church roof is limited in area and needs to be addressed with specialist joiners. A number of detailed findings are being addressed by an ongoing maintenance programme led by the Buildings & Works Committee. 

Stipends and salaries are reviewed by the Vestry at the beginning of every year and were increased in January 2025. Energy costs for a large building continue to be a risk. £13,000 has been allocated in the accounts to cover potential liability for a meter that the energy company has stated has been removed. 

## **Reserves policy** 

St Peter’s has considered the reserves required and has considered its current and future liabilities.  The Trustees aim to maintain free reserves at a level which equates to approximately twelve months of charitable expenditure together with an appropriate sum to cover any unanticipated building repair.  The Trustees therefore consider that reserves should be held at around £200,000 (plus or minus 10%) plus the value of any property assets owned by the Church. They believe that such a level will provide sufficient funds to maintain the mission of the Church. 

The General Fund at 30 June 2025 amounted to £592,073 (2024 £559,482), of which £312,739 (2024 £312,679) is held in the Investment Property, leaving £ 279,334 (2024 £246,803). This is in line with the policy detailed above. 

4 



## **Conclusion** 

This formal financial report is to be read alongside additional reports on the Church Year from the Rector and groups associated with St Peter’s, which will also be presented to the AGM. 

BY ORDER OF THE VESTRY 

8th October 2025 

Janice Allister Vestry Secretary 

5 



## **Independent Examiner’s Report to the Vestry of St Peter’s Episcopal Church, Lutton Place, Edinburgh** 

I report on the accounts of the charity for the year ended 30 June 2025, which are set out on pages 7 to 15. 

## **Respective responsibilities of Trustees and Examiner** 

The charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006, as amended. The charity Trustees consider that the audit requirement of 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, 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 I do not express an audit opinion on the view given by the accounts. 

## **Independent Examiner’s statement** 

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

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

   - To keep accounting records in accordance with Sections 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. 

8th October 2025 

Patricia A McAlister CA 18 West Savile Gardens Edinburgh EH9 3AB 

6 



## **ST PETER'S EPISCOPAL CHURCH, LUTTON PLACE, EDINBURGH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025** 

|||**2025**|**2025**|**2025**|**2025**|**_2024_**|
|---|---|---|---|---|---|---|
||**Notes**|**Unrestricted**|||**All**|**_All_**|
|||**General**<br>**Fund**|**Designated**<br>**Building Fund**|**Restricted**<br>**Funds**|**Funds**<br>**Total**|**_Funds_**<br>**_Total_**|
|**_Income from donations and legacies_**||**£**|<br>**£**|<br>**£**|<br>**£**|<br>**_£_**|
|Congregational giving||96,833|-|1,352|98,185|_117,142_|
|Donations||-|-|625|625|_625_|
|Legacies||20,194|-|-|20,194|_-_|
|**_Income from trading activities_**|||||||
|Rent from hall, church & tower||68,501|-|-|68,501|_62,382_|
|**_Investment Income_**|||||||
|Rental property||26,774|-|-|26,774|_24,297_|
|Dividends and interest income||4,582|-|-|4,582|_4,190_|
|**_Income from charitable activities- Grants_**|||||||
|Grants|3|200|-|-|200|_27,852_|
|Other income||180|-|-|180|_164_|
|**Total Income**||**217,264**|**-**|**1,977**|**219,241**|**_236,652_**|
|**Expenditure on:**|||||||
|**_Fundraising_**|||||||
|**_Charitable activities_**|||||||
|Salaries, pensions and national insurance|4|97,072|-|625|97,697|_92,968_|
|Worship and ministry||4,435|-|-|4,435|_7,696_|
|Quota|5|17,489|-|-|17,489|_15,941_|
|Governance, Admin & sundry|6|17,535|-|1,352|18,887|_5,261_|
|Building Fabric costs|7|48,025|16,311|-|64,336|_109,320_|
|**_Rental property costs_**|8|3,962|-|-|3,962|_8,537_|
|**Total Expenditure**||**188,518**|**16,311**|**1,977**|**206,806**|**_239,723_**|
|Net Income /(Deficit)beforegains on Investments||28,746|(16,311)|-|12,435|_(3,071)_|
|Net gain (loss) on investment assets|9|3,845|-|-|3,845|_27,143_|
|**Net movement in funds**||**32,591**|**(16,311)**|**-**|**16,280**|**_24,072_**|
|Fund balances at 1st July 2024||559,482|61,254|-|620,736|_596,664_|
|**Fund balances at 30th June 2025**||**592,073**|**44,943**|**-**|**637,016**|**_620,736_**|



The notes on pages 9 to 15 form part of these accounts. 

7 



## **ST PETER'S EPISCOPAL CHURCH, LUTTON PLACE, EDINBURGH BALANCE SHEET AS AT 30 JUNE 2024** 

||**Notes**||**2025**<br>**£**||**2024**<br>**£**|
|---|---|---|---|---|---|
|**Fixed Assets**||||||
|Tangible assets|12||4||4|
|Investment property|8||312,739||312,679|
|Investments|9||153,989||150,204|
|**Total Fixed Assets**|||**466,732**||**462,887**|
|||||||
|**Current Assets**||||||
|Debtors|13||5,105||7,434|
|Cash at Bank|||190,783||173,209|
|**Total Current Assets**|||**195,888**||**180,643**|
|||||||
|**Liabilities:**||||||
|Creditors: amounts falling due within one year|14||(12,604)||(16,794)|
|Provision for unbilled electricity|7||(13,000)||(6,000)|
|**Total Current Liabilities**|||**(25,604)**||**(22,794)**|
|||||||
|**Net Current Assets**|||170,284||157,849|
|||||||
|**NET ASSETS**|||**637,016**||**620,736**|
|||||||
|**Represented by:**||||||
|**Unrestricted Funds:**||||||
|General Fund|||592,073||559,482|
|Building Fund|||44,943||61,254|
|**Restricted Funds**|14||-||-|
|||||||
|**TOTAL FUNDS**|||**637,016**||**620,736**|



Approved by the Vestry 8th October 2025 and signed on their behalf by: - 

Laura Bird Treasurer 

Revd Nick Wills Rector & Trustee 

The notes on pages 9 to 15 form part of these accounts 

8 



## **ST PETER'S EPISCOPAL CHURCH, LUTTON PLACE, EDINBURGH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **1 Accounting policies** 

## a) **Basis of preparation of accounts** 

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 

The Church constitutes a public benefit entity as defined by FRS 102. 

The Trustees consider that there are no material uncertainties about the Church’s ability to continue as a going concern. 

## b) **Fund accounting** 

There are two main classes of charitable funds: unrestricted funds, which can be spent or applied at the discretion of the trustees to further any of the charity’s purposes; and restricted funds, which can only be used for specific charitable purposes. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Trustees may choose to set aside a part of the unrestricted funds to be used for a particular project or commitment. By earmarking funds in this way, the trustees set up a designated fund that remains part of the unrestricted funds of the charity.  St Peter’s has one Designated Fund to support funding of various Building Projects.  Originally this was for refurbishment of the hall and has been extended to include the Rectory and investment property. 

During the year several donations were received with restrictions on their use.  These were towards the Organ Scholarship and a defibrillator. This restricted income was expended in full within the financial year. 

## c) **Income recognition** 

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations are recognised when the Church has been notified in writing of both the amount and settlement date. Legacy gifts are recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. Hall rental income is recognised when invoiced. 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. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. 

The Church receives substantial benefit from the time given to support its activities by its members. This benefit is not included as income in the accounts but includes: 

- acting as Trustees through membership of the Vestry 

- participation in worship and mission 

- assisting with catering, property maintenance, garden maintenance, administration and other tasks required to support the Church. 

9 



## d) **Expenditure recognition** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. VAT, not being recoverable, is charged against the expenditure heading for which it was incurred. 

## e) **Investment management costs** 

The costs of generating funds consist of maintenance and other costs associated with the Church’s investment property. 

## f) **Tangible fixed assets and depreciation** 

Heritable properties are shown at cost and expenditure on properties is not capitalised. Depreciation is not provided on heritable properties. The heritable properties have useful lives in excess of fifty years. No depreciation has been provided against the book value of heritable properties as, in the opinion of the Vestry, due to the long useful economic lives of the properties and their high residual values, any depreciation charge and resultant accumulated depreciation are immaterial. In the opinion of the Vestry, no impairment of the carrying values has occurred during the year. Expenditure on other tangible fixed assets is charged to revenue as incurred. 

## g) **Investment property** 

The investment property is shown at estimated fair value. Fair value is estimated based on the price of similar properties sold on the open market and price changes published by the Edinburgh Solicitors Property Centre. An independent valuation has not been obtained and the Trustees do not consider that the cost of obtaining such a valuation is warranted. 

## h) **Fixed asset investments** 

Investments are initially recognised at their transaction value and subsequently measured at their fair value as at 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 Church does not acquire put options, derivatives, or other complex financial instruments. 

## i) **Cash at bank** 

Cash at bank comprises funds held with The Bank of Scotland including instant access savings and, during the year, a six month fixed term savings account. 

## j) **Gains and losses** 

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired after the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. 

## **2. Related party transactions and Trustees’ expenses and remuneration** 

Except for the Rector, the Trustees all gave freely their time and expertise without any form of remuneration or other benefit in cash or kind. Expenses paid to Trustees (not incl Rector) in the year amounted to £0 (2024 £1,206).  Rector’s expenses came to £1,322 (2024 £1,663) comprising the reimbursement of computer and internet costs, £396 (2024 £888), ministry costs, £876 (2024 £636), travel costs £50 (2024 £139). 

The Rector, The Revd Nick Wills, is _ex officio_ a member of the Vestry and a Trustee and receives stipend calculated with reference to standard stipend set by the General Synod of the Scottish Episcopal Church.  In addition, the Rector is provided with living accommodation at the Church’s expense in the Rectory located at Brights Crescent, Edinburgh. 

The aggregate amount of donations received from Trustees excluding Gift Aid during the year was £9,318 (2024 £10,655). 

10 



|**3**<br>**Grants**|||
|---|---|---|
||**2025**|**2024**|
|Grant income was as follows:|**£**|**£**|
|**Unrestricted**|||
|Diocesan Stipend Support Grant|-|960|
|Interfaith Edinburgh craft group|200|392|
|Others|-|1,000|
|**Restricted**|||
|Valencia Communities Fund|-|22,500|
|Benefact Trust|-|3,000|
||**200**|**27,852**|



|**4**<br>**Clergy and Staff costs and emoluments**|||**2024**<br>**£**<br>81,025<br>-<br>11,318<br>**92,343**|
|---|---|---|---|
|||**2025**<br>**£**|**2024**<br>**£**|
|Gross Stipends and Salaries||83,876|81,025|
|Employer’s National Insurance Contributions||1,188|-|
|All Pension Contributions (staff and employee)||12,008|11,318|
|||**97,072**|**92,343**|
|||||
|||2025|<br>2024|
|Average number of employees during the year||6|<br>6|
|Average number of employees during the year (full time equivalent)||3|<br>3|



No employee received emoluments over £60,000. 

Information regarding stipendiary members of the clergy, who are technically not employees but office holders, is included above. 

The Rector is a member of the Scottish Episcopal Church Pension Fund which is a non-contributory defined benefit scheme with benefits based on final pensionable salary. St Peter’s Episcopal Church is unable to identify its share of the underlying assets and liabilities of the fund on a consistent and reasonable basis and so accounts for its contributions as if the scheme was a defined contribution scheme.  The contribution rate for the year under review was 32.2% until 31[st] December 2024.  This rate reduced to 22% from 1 January 2025 on the recommendation of the fund’s Actuary following the triennial valuation of the fund as at 31 December 2023 which estimated the fund had a surplus of £4.6m. There were no contributions outstanding at 30 June 2025 in relation to the St Peter’s Episcopal Church’s member of the Fund. 

Three employees (2024 two employees) are members of a workplace pension scheme which St Peter’s has established with NEST Corporation. 

|Pension costspaid bySt Peter’s were as follows:|**2025**|**2024**|
|---|---|---|
||**£**|£|
|SEC Pension Fund|9,085|10,238|
|NEST Corporation|2,923|<br>1,080|
||**12,008**|<br>**11,318**|



## **5 Quota** 

Quota is paid by St Peter’s Episcopal Church to the Diocese of Edinburgh to support the work of the Diocese and of the Scottish Episcopal Church as a whole. 

11 



**6 Governance costs** 

Independent Examiner’s fee 

Nil (2024: Nil) 

## **7. Building Fabric Costs** 

Building Fabric Costs include a provision of £13,000 for unbilled electricity supplied to the church and halls over the past year (2024 - £6,000). 

## **8 Rental Property** 

The investment property is a flat at Hope Park Crescent, Edinburgh, formerly used as curate’s accommodation and now tenanted. The original purchase price was £65,000 but this has been revalued to open market value estimated at £312,739 (2024 £312,679). 

||2025<br>£|<br>2024<br>£|
|---|---|---|
|**Gross rent**|**26,774**|**24,297**|
|Managing agent commission|1,928|1,758|
|Insurance|783|640|
|Repairs and maintenance|1,251|4,102|
|Refurbishment|-|2,037|
|**Total costs**|**3,962**|**8,537**|
|**Net income**|**22,812**|**15,760**|



## 9 **Investments** 

||Investments|Investment Property|<br>Total|
|---|---|---|---|
||**£**|**£**|<br>**£**|
|At 30 June 2024|150,204|312,679|<br>462,883|
|Net gain (loss) on revaluation at 30 June 2025|3,785|60|<br>3,845|
|**Balance at 30 June 2025**|**153,989**|**312,739**|<br>**466,728**|



The net gain (loss) on investment assets is made up as follows: 

||**2025**|**2024**|
|---|---|---|
||£|£|
|Unrealised gain (loss) on investments|3,785|12,119|
|Realised gain on investments|-|-|
|Unrealised gain (loss) on investment property|60|15,042|
||**3,845**|**27,143**|



St Peter’s Episcopal Church’s investments are managed and held by Baillie Gifford & Co. The market value, distribution and movement in holdings of the investments during the year to 30 June 2025 were as follows; 

|**Investment holding**|**1 Jul 2024**<br>**£**|**Gain/(loss)**<br>**£**|<br>**30 Jun 2025**<br>**£**|
|---|---|---|---|
|Baillie Gifford Managed Fund Net B Income|62,678|3,815|66,493|
|BG UK & Balanced Funds ICVC Global Equity Income Fund|44,126|(1,358)|42,768|
|BG Investment Funds II ICVC Sustainable Growth Fund|43,400|1,328|44,728|
||**150,204**|**3,785**|**153,989**|



12 



## **10 Support costs** 

Support costs which include the salary of the Administrator and Development Officer, office costs, etc. have not been separately identified as the Trustees consider there to be only one charitable activity, the worship of God and furtherance of God’s mission. Support costs relate wholly to that activity. 

## **11 Collections paid over to charities** 

During the year special collections were made for a number of charities. Four amounts collected but not remitted in in previous years were brought forward to 2024/25. Charitable collections are not reflected as income or expenditure in the accounts.  The details of amounts brought forward, received, remitted and carried forward are as shown in the table below. 

||**Collections**<br>**b/fwd**<br>**previous year**|<br>**Received**<br>**2024-25**|<br>**Remitted**<br>**2024-25**|<br>**C/fwd & remitted**<br>**2025-26**|
|---|---|---|---|---|
|Bethany Christian Trust|-|581|581|-|
|Bishop’s Lent Appeal|-|985|-|985|
|Christian Aid|356|200|436|120|
|Edinburgh City Mission|40|-|-|40|
|Mercy Ships|674|-|674|-|
|Newington Foodbank|1,557|125|1,662|20|
|Poppy Scotland|-|31|31|-|
||**2,627**|**1,922**|**3,384**|**1,165**|
||||||
||**Collections**<br>**b/fwd**<br>**previous years**|<br>**Received**<br>**2023-24**|<br>**Remitted**<br>**2023-24**|<br>**C/fwd & remitted**<br>**2024-25**|
|Christian Aid|151|205|-|356|
|Edinburgh City Mission|800|1,154|1914|40|
|Poppy Scotland|45|107|152|-|
|Mercy Ships|-|674|-|674|
|Newington Foodbank|174|1,557|174|1,557|
|Bishop’s Lent Appeal|245|-|245|-|
|Sunflower Scotland|276|-|276|-|
||**1,691**|**3,697**|**2,761**|**2,627**|



## **12 Tangible Fixed Assets** 

All properties are owned by St Peter’s Episcopal Church.  Heritable properties consist of: 

- The Church, Church Hall and Lodge at Lutton Place, Edinburgh The Rectory at Brights Crescent, Edinburgh 

These properties are each valued at a nominal £1 each. Expenditure for these properties is classed as maintenance and as such has not been capitalised. 

On 1 July 2025, the Rectory was insured for a total of £1.27 million and the Church, Church Hall, and Lodge for a total of £20 million, which are estimates of the replacement cost of the buildings and all contents owned by the Church. Replacement building cost does not represent market value of the properties and does not include valuation of the land on which the properties are situated. 

13 



## **13 Debtors** 

||**2025**|**2024**|
|---|---|---|
|||£|
|Gift Aid|1,849|1,251|
|Trading activities|2,254|2,368|
|Rental property|-|2,720|
|Other debtors and prepayments|1,002|1,095|
||**5,105**|**7,434**|



## **14 Creditors falling due within one year** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Trading activities–deferred income|9,669|9,949|
|Rental property deposits|-|2,720|
|Council tax & water charges|-|312|
|Fabric|787|708|
|Admin|33|275|
|Worship & ministry|1,165|2,830|
|Staffing|225|-|
|Donations & legacies|725|-|
||**12,604**|**16,794**|



## **15 Reconciliation of movement in funds** 

|**2024/25**|**Balance at**<br>**30 June**<br>**2024**|<br>**Incoming**<br>**Resources**|**Resources**<br>**Expended**|**Investment**<br>**Gain/loss**|**Balance at**<br>**30 June**<br>**2025**|
|---|---|---|---|---|---|
|**Unrestricted Funds**|**£**|**£**|**£**|**£**|**£**|
|General Fund|559,482|217,264|188,518|3,845|592,073|
|Designated Building Fund|61,254|-|16,311|-|44,943|
|**Restricted Funds**|-|1,977|1,977|-|-|
|**Total Funds**|**620,736**|**219,241**|**206,806**|**3,845**|**637,016**|
|||||||
|**2023/24**|**Balance at**<br>**30 June**<br>**2023**|<br>**Incoming**<br>**Resources**|**Resources**<br>**Expended**|**Investment**<br>**Gain/loss**|**Balance at**<br>**30 June**<br>**2024**|
|**Unrestricted Funds**|**£**|**£**|**£**|**£**|**£**|
|General Fund|504,048|210,527|182,236|27,143|559,482|
|Designated Building Fund|92,372|-|31,118|-|61,254|
|**Restricted Funds**|244|26,125|26,369|-|-|
|**Total Funds**|**596,664**|**236,652**|**239,723**|**27,143**|**620,736**|



14 



## **16 Net Assets analysed by Fund** 

||**2025**|**2025**|**2025**||
|---|---|---|---|---|
||**Unrestricted Funds**||**Restricted**||
||General|Designated|Funds|Total|
||**£**|**£**|**£**|**£**|
|Fixed Assets|4|-|-|4|
|Investments|466,728|-|-|466,728|
|Current Assets|150,945|44,943|-|195,888|
|Current Liabilities|(25,604)|-|-|(25,604)|
||**592,073**|**44,943**|**-**|**637,016**|



||**2024**|**2024**|**2024**||
|---|---|---|---|---|
||**Unrestricted Funds**||**Restricted**||
||General|Designated|Funds|Total|
||**£**|**£**|**£**|**£**|
|Fixed Assets|4|-|-|4|
|Investments|462,883|-|-|462,883|
|Current Assets|119,389|61254|-|180,643|
|Current Liabilities|(22,794)|-|-|(22,794)|
||**559,482**|**61,254**|**-**|**620,736**|



15