HAtr IJRc+ The Church of Scotland Newhaven Church of Scotland, Edinburgh Congregational Accounts for the year ended 31 December 2024 Charity No: SC019117 Congregation No: 010068 Newhaven Church of Scotland, Edinburgh Year ended 31 Deeember 2024 Cont¢nts P*ge Tru5tees' Annual ReFQrt R¢tx)rt of Indepeodent Examiner Ststetneni ofFinanciai Activitie5 Balance Sheet 10 Notes and A¢¢ouDting Poli¢i¢s Appendix I Newhaven Church of Scotland, Edinburgh Trustees, Annual Report Year ended 31 December 2024 Page l. The trustees present their annual report and fmancial stateinenls of the charity for the year ended 31 De¢ember 2024. The financial statements have been prepared in ac¢ordance with the accounting wlicies sel out in the notes lo ihe a¢¢ounis and comply with the charity's constitution, General A&sembly Regulation5 for Congreg&lion&l Finance, the Charities and Trustee Investment (Scotland) Aci 2005, the Charities Ac¢ounts (Scotland) R¢gulations 2006 {as amended) and Accounting and ReKK>rting by Charities- Statetnent of RttomTnended Practice applicable to charities preparing their accounts in accordance with the FitwKial Reporting Standard applicable inihe UK andRepubli¢ of Ireland publishod on 16 July 2014. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Refornied in tradition and Presb)rterian 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 acknowledge5 a distinctive call and duty to bring the ordinances of religion to the people in every parish of S¢otland through a territorial ministy- li CO￿perateS with other Churches in various ecumenical bodies in Scotland and beyond. To achieve these objectiv¢5 Newhav¢n Church undertak¢s ¢h¢ following attivili¢s: Corporate Worship: Weekly Sunday morning worship. Inonthly ail-age worship and opportunities for celebration of ihe sacrament of communion. Messy Church has again resumed on a monthly basis and we are building litths with new families through it. Youth: Sunday School: Lighthouse {Pl-P6), Youth Group {P7-SS),' 20. Leiih (N¢whav¢n Church} Boy's Brtgade Company (P2-S6}; and Toddlers group {pre-￿h001). Weekly Activitie5: Bible Study group, Haven Club (for over 60,5) and Growth Groups. Oth¢r Activities: A ¢ommllnity café runs throiighout the day on Tuesdays, Wednesdays and ThLtrsdays. Fortnightly prayer meetings on a Saturday moTning are also held. There is a monthly group for men. This year we also launched a"Re-belonging" group giving members and o(hers an opportunity to explore in greater depth the Christian Faith. A daytime and s¢parat¢ evening group have been running at fortnightly intervals. W¢ also a¢¢ommodate Community Groups at a cost far below commercial rates, recognising the role we play as a h¢art of the wider Newhaven area. We have now welcomed the Scouts to our premises. Aehievement5 and Performance This year w¢ have seen activities retuming to nearer pre-pandemic levels. Numbers at worship are beginning to build up again and we had a very well attended Back to School with God service. Attendance ai Christmas services and Community carol singing were g(x)d and in particular a large number from the widcr community attended th¢ Carol singing. We are encouraged by new contacts made with people in the community. The Zoom Bible Studies and prayer meetings have continued. Many find it easier to attend these on line especially during the cold winter nights. However there is a value in meeting in person and one of the two monthly Prayer meetings has now reverted to being in person. Newhaven Church of Scotland, Edinburgh Trustees, Annual Report (cont.) Year ended 31 December 2024 ge2. W¢ hav¢ also Endd¢ arTang¢m¢nts for ihe hall to be open as a warni spa¢¢ for parents and babies on a Thursday afternoon. Thi5 wa5 requested by some of the Toddler f￿nilIeS and it 15 good to be able to provide this Space for the community. Our Youth Worker was the leader for the Leith Churches holiday club which this year took place again in ihe Church.. It WIL% ¢&sier t[) organise having the benefil of ilie church facilities. We are most grdleful to a previous Cafe manager for agreeing to tsk¢ ¢harge of the free lun¢h¢s whi¢h wer¢ suppli¢d io a]1 attending and Iheir families. This is a tL8eful wav of getting io know th¢ families attending. We have been encouraged by several who anend¢d the holiday club coming lo other events such as Messy Church and Chiisttnas Extravaganza. Thc club was attcndcd by 42 childrcn. Following ihe pause in the uRion talks with North and South Leith Chur¢lL we have used the litne to reconsider the visÈon of the church for its service of the com￿U￿lty. This is an ongoing process. Youth Worker: contract with the Church was renewed for another year. She led the Leith Churches HoliJ¢lS L liib dgain. Sh¢ also le2ds the all-age worship on the r￿st Sunday of the month as well as organizing the monthly Messy Chu￿hes. The Youth Group ha5 also resianed. Weekly #ctlvitles: There is one Growth Group which has m¢t regularly during the year and numbers aii¢nding have increased. The online Bible Siudy has ¢on¢inu¢d. The Haven provides a valuable lifeline for our older people. Approximaiely 35 aEi¢nd ea¥h w¢ek, Ilie emphasis is on good fellowship and many find li io be indeed a'haven" They also hav¢ a monthly worship service. The 2￿ Leiih Boys, Brigade Company Continue lo meet on Friday evenings. Community café: The café ha9 had a challenging year. who had been manager since 2018, retired in MarLh. ￿aS ' and to provide more opportunities for people to become involved in the many facets of our cliur¢h life and witness. We look fon¥ard to the ¢halleng¢s of 2025. Nejvhaven Church of Scotland, Edinburgb Trustees, Annual Report (cont.) Year ended 31 December 2024 Page 4. Financial RevieTh' Newhaven Church fvnctioAs by the goodwill of its members and the wider community. This is refle¢ted in the way its work is financially supported. The principle avenues of mon¢y being gen¢rai¢d are as follows: 2024 2023 Off¢rings 50,274 52,414 Youth Worker Donations 20,220 12,220 Gift Aid (re above) 16,034 15,114 Bequests & gifts 2,700 64,044 Use of Premises 6.238 7,349 Toddlers 2,382 2,441 Investment Income 6,422 2,399 Other lTrcome 2,659 1,389 Third Party Colle¢tions 1,750 2.217 Sub Total 108,679 159,587 Café In¢ome 31,400 35,199 140,079 194,786 The past year has been ¢hallenging financially. Offerings and reduced Use of Premises resulted in £3,251 less income than in 2023. Bequests were signifi¢anrly lower than 2023. Repair and Maintenance expenditure on our Church and Manse was £17,394 for ihe year (2023: £11,222), and this year included £6.700 lor a new boiler in the c.hurch. The Cafe Fkad a difficult year with Income down by £3,799 and costs adversely affected by two changes in Managcr. There was also the purchase of a new coffee tnachine, and all these factors contributed to an overall deficit of £13,05412023.. deficit of £2.495) from that activity. On a positive note, Youth Worker Donations were £8,000 more than I￿t year which also b¢n¢filed Gift Aid which was £920 llp, and Investment Dividends and Inl¢rest were encouragingly £4,023 higher, benefitting from th¢ funds on deposit with Church of Scotland. Newhaven Church of Scotland, Edinburgh Trustees, Annual Report (cont.) Year ended 31 December 2024 Page 5. The closing debtor of £15,278 (2023.. £14,329) in respe￿ of Gift Aid Tax Refund was paid in January 2025. Investment Poll¢y and Performance The policy is io keep all investments with Church of S¢otland. The closing valuation shows an increase to £102.928 (2023.. £95,407). There are no intentions to sell any in the Coming year. Towards the end of 2023 a decision was laken to place £90,000 of surplus fund5 into the Church of Scotland Deposit Fund. This amount remains, and is part of the tot￿ cash and bank balance of £133,876 (2023.. £158,676). Risk Management Th¢ Truste¢s ar¢ aware of their T¢sponsibilities to minimise risk, and undertake periodic reviews whilst maintaining a risk register. They have appointed a Safeguarding Co-ordinator to ensure that persons working with ¢hildren. and other vulnerable persons have been properly Veiled. They also review the operaiing arrangements for groups to cnsure thai safe pra¢tices exisi. All Trnslees undergo the Chur¢h of S¢otland training in safeguarding. All aspects of finance are under the control ol the Treasurer and Finance Convenor, and are reported upon at Kirk Session meetings so th￿ all Trustees are made fully aware. Rt$erve$ Poliey The Trusiees have considered the required level of reserves. and have taken inio a¢¢ount their Current and future liabilities. At the end of 2024 the Chur¢h held unrestri¢led fi]nds of £311,812 (2023: £322,394) of which £235,416 (2023.. £236,537) had been designated for ihe purposes dela11￿ in note 15. The Temaining balance of £76,396 {2023- £85,857) r¢pr¢senlb about 6 months ¢xp¢nditur¢. The Church also held £153.123 (2023- £159,493) of restricted funds which have been provided for the purposes specified in Note 15. Newhaven Church of Seotland, Edinburgh Trustees, Annual Report (cont.) Year ended 31 December 2024 Strn¢tnr¢, Govcrnance and ManagemeDt Page 6. Th¢ Wns￿saI1on is a rcgi5tcr¢d charity, number SC019117, and is administ¢red iii a¢cordan¢e with the temis of ihe D¢ed of Constitution (Unitary Forni} and is subject to the Acts and Regulations of the Generat Assembly of th¢ Chur¢h of Scotland. Membets of the Kirk Session arr th¢ rharity trustees. The ininister, who is a Mem￿rOr the Kirk Session, is elected by the congregation and inducted by PresbyieTr. Certain respot￿lb1j1tieS are del¢gat¢d to spe¢ifi¢ Working Groups as appropriate. The Kirk Session which meets at least six tim¢s a year 1$ reswinsible for gcncral oversight of the church's aciivities including its spiritual affairs. Referellce Adminlstr4tlve Infonnatio Trustees Principal O￿lee 7 Cra1￿&1 Ro&th Edinburgh. EH6 4ND Charity No. SC019117 Independent ExamlDer Chartered Accountani Hollis Accounting Limited 3 Melville Cresc£ni Edinburgh EH3 7HW Bankers Royal Bank of Scotland 2 Bemard Street Edinburgh EH6 OPU Bank of Scotland The Direct Bu8iness PO Box 1000 BX2 ILB Newhaven Church of Scotland, Edinbllrgh Trustees, Annual Report (cont.) Year ended 31 December 2024 Pige 7. Tru$te¢$' Responsibilities in Relation to the FÉllaDeial Stgtements The ¢harity trustees are responsible for preparing a trustees, annual report and fil￿nCial statements lli accordance with applicable law and United Kingdom A¢¢ouniing Standards (United Kingdom Generally Accepted Accounting Pra¢ti¢e). The law applicable to chaTities in Scotland requires the charity trustees to prepare financial statements for each fina￿la] year Hthich show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity foi that period. In preparing the fujancial Slatements, the trustees are required to: select suiiable accounting policies and then apply them consistently* observe the ]nethod and principles in the appli¢able Charities SORP; mak¢ judts¢ments and estimates that are reasonable and prudent. state whether applicable accounting standards and statements ofrecommended practice have been followed, subject to any departures disclosed and explained An the financi21 statements. pr¢par¢ the flnancial siatements on the going concern basis unless it is inappropriate to pr¢sume that th¢ charity will continue in opcrutional exisicnce. The trustees are r¢sponsible for ke¢ping proper accountitig re¢ords which disclose with reasonable a¢curacy al any time the finan¢ial EK)Sition of the ¢harity and to enab2¢ th¢m to ¢nsur¢ that the financial 5tatement5 comply with the Charities and Trustee Inv¢stmcnt Iscotland) Act 21K>5 and the Charities Accounts (Scotland) Rcgulations 2006 (& a¥n¢ndcd). Th¢y are also rcsponsibl¢ for taking r¢asonabl¢ step5 for the prevention and d¢t¢¢lion of fraud and oth¢r irFcgularities. The trustees are responsible for the maintenan¢¢ and int¢grity of the charity and financial infomation on the congregation'5 website. Legisl&tion in the United Kingdom governing the prepar&tion and dissemination of fiiiancial statements may differ from legislation in oiher jurisdiction5. Approi'cd b!. the irusiees and sigiied on their behalf, Newhaven Church of Scotland, Edinburgh Independenl Examiner's Report to the Trustees of Neivhaven Church Page 8. I report on th¢ ac¢ounts of the charity for th¢ year ¢nd¢d 31 De¢emkr 2024. sei out on pages 9 to 18. Respective responsibilities of trustee¥ #nd ex¥miner The chaTity's Irustccs ar¢ rc5ponsibl¢ for thc preparation of thc accounts iii accordance with tlie tenns of th¢ Chariti¢s and Trustc¢ ItJv¢stm¢iit {Scotland} Act 2005 and the ch￿ItIeS Accounts (Scoiland) Regulations 2006 (as amended). The charity trustee5 consider that the audit requirement of Regulaiion 10( I) (a) to {¢) of the A¢¢ounis Regulations does not apply. It is my responsibility to examine th¢ &¢wunls as r¢quir¢d under section 4411) (¢} of tli¢ A¢t and to slate wh¢ther particular matters hav¢ ¢om¢ lo ffly attcntion. Basis of independent examiner's statem¢nt My ¢￿￿n]natIOn ts ¢arri¢d out in accordan¢¢ with Regulation I l of ihe 2006 Charities Acrounts (Scotland) Regulations 2006 (as a￿¢￿d¢d). An cxaJninalion includ&8 a review of the accounting records k¢pt by ihc charity and a comparison of thc accounts presei)ted with those records. It also includes Consideration of any unusual it¢ms or di5¢105ures in th¢ accounts, ￿ld sccks CXpl￿]dtIQI]S from the Irust¢¢s conccniing ony such Fnatt¢rs. Th¢ PToc¢dur¢s undertakeii do not provide a][ the e￿Ide￿e that would be required in an audi(, and consequently I do nol express an audit opinion oli the view given by the accounls. Independellt txamKner's ststsment In ihe course of rny examination, no Inatter has come to my altention hich gives me rtrasonable cause io ￿lIeVe ihat in any material resrtti the requirements: io ke¢p accounting records in a¢¢ordance wilh Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and to prepare accounts whiLh aL'¢ord with the accounting records. l￿d comply with Regulation 8 of the 2006 Accounts Regulations atnended) have not been met. or to Whi￿ in my opiniory aitention should k drawn in order 10 enable a proper U￿￿erstanding of ihe accoimts io be reached. Name.. Address.. Hollffts Aceounting Limited 3 Melvill¢ Crescent Edinburgh EH3 7HW tht¢'. Newhaven Church of Scotland, Edinburgh Statement of Financial Activities Year ended 31 December 2024 Page 9. Note Unrestricted Restricted Funds Fund5 2024 2024 unrestrict￿ Restricted FuDds Funds 2023 2023 Total 2024 Total 2023 Income and EDdowmen¢s from: Donations and lega¢i¢s Charitsble aciiviiies Other tTading activities Investment Income Oiher 66,962 35,545 6,238 4,033 24,912 91,874 35,545 6,238 6,422 73,312 39,029 7,349 328 72,697 146,009 39,029 7,349 2,399 2,389 2,071 Total Income 112,778 27.301 140,079 120.018 74,768 194,786 Expenditure on: Raising funds Charitable activities Other 71 116,804 71 47,677 164.481 65 125,569 65 27.645 153 ?14 Total Expenditure 116.875 47,677 164.552 125,634 27,645 153,279 Net incomelexpenditure before ill$ and lo$s¢s on Investments (4,097) (20,376) (24.473) (5,616) 47,123 41,507 Net gain4(10sses} on investments 10 1,503 6,018 7,521 1,175 5,215 6,390 Net incomel(expenditUTe) (2,594) (14,358) (16,952) (4,441) 52,338 47,897 Transfers between funds 15 {7,988) 7,988 1,670 (1,670) Net movement ID fu#d$ (10,582) (6,370) (16,952) (2,771) 50,668 47,897 Reconciliation of fuDd5 Total funds brought fornard 322,394 159.493 481,887 325,165 108,825 433.990 Totxl fund$ ¢arri¢d forward 15 311,812 153,123 464,935 322,394 159,493 481,887 Newhaven Church of Scotland, Edinburgh Balance Sbeet At 31 December 2024 Page 10. Unrestrirted Re5trieted Funds FuDds Unrestrict¢d R¢$tri¢ted Total Funds Funds Fund5 Funds 2024 2024 2024 2023 2023 2023 Note Fixed Asset$ Tangible ass¢ls Investments Total Fixed A&8¢ts Current Assets Debtors Cash ai bank and in hand Total Current Assets LÉabilities Creditors falling due 12 within one year Net Current Assets Crediiors failing due after more than one year 215,000 23,455 238,455 215.11)O 102,928 317,928 215,(bOO 15.934 230.934 215,1)00 95,407 310A07 io 79.473 79.473 79,473 79.473 li 10,586 64,918 75,504 4,692 68.958 73,650 15,278 133,876 149,154 11,627 81.594 93.221 2,938 77.082 80.0?0 14,565 173341 (2,147) (2.147) 11,761) (1,761) 73.357 73,650 147,007 91.460 80,020 171A80 Net Assets 311,812 153.123 464.935 322,394 159.493 481387 The futtds of ¢he ¢harity Endowment funds Restricted incorne funds Unrestricted Funds 15 153.123 311.812 159,493 322,394 Totsl ch¥rity funds 464,935 481,887 7è.1.,IzJZ The accounts were approved by the irustees on... 7ned i)ii tlicir behalf bv.. Newhaven Church of Scotland, Edinburgh Year ended 31 December 2024 Accounting Policies The principal accounting poli¢i¢s, which have been applied ¢onsisl¢ntly in the cuTheTrt and preceding year in dealing with items whi¢h are considered material io the accounts, are set out below. Page I l. Basis of preparatio The accounts (financial slaternents} have been prepared under the historical cost convention with items recognised at ¢ost or transaction value unless Otherwise stated in the ielevant note(s) to these a¢counts. The financial stat¢menis have been prepared in accordance with the Statement of Recomm¢nd¢d Practice- Accounting and Reporting by Charitie5 preparing their accounis in accordance with the Financial Reporting Standard applicable in th¢ UK and R¢public of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ircland (FRS 102), the Charities and Trustee Investment (Scoilandl Act 2005 and the Charities A¢¢ounis (Scoiland} Regulations 2006 (as amended)- Th¢ trust constitutes a publi¢ benefit entity as defined by FRS 102. The trustees consider thai there are no material un¢ertainties about lh¢ charity's ability lo continue as a going concern. Fund a¢¢ounting Furkds aT¢ classified &s either reslri¢t¢d funds or unr¢stricied funds, defined as follows- Reslricledfwid5 are funds subjeci to specific requirements as to their use which n￿Y be declared by the dorlor or with their authority or created through legal processes. but still within Ihe wider objects of the charity. Unresiricledfwzds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eamarked at the discretion of the trustees for a particular purpose, th¢y are designated as a separate fund. This designation h&% an administtative purpose only and does not legallv restrict the trusie¢s' discretion to apply the fund. ltt¢otne Income is rec(>gnis¢d when the charity h&s entitlement to the fund5. any performance conditions attached to the il¢m(s) of income h8v¢ been met, it is probable that the income will be received and the amount can be measured r¢liably. Donated Services and facilities Donated professional services and donated faciltties are recognised as income wh¢n the charity has control oveT the item, any conditions asso¢iaÈed with the donaied item have been met. the receipt of economic benefit from the use by the charity of the itein is probable and that economic benefit can be measured reliably. In a¢¢ordance with Charities SORP (FRS102) the general volunteeT 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 charily which is the amount the charity Wo￿ld have been willing to pay to obtain services or facilities of equivalent econornic benefit on the open market; & correspondiyjg amount is then recognis¢d as expenditure in the period of receipt. IDtere5t Re¢eivable Interest on funds held on deposit is included when receivable and the amount can be measured r¢liably by the charity. Ihis ig nornially upon notification of the inl¢rest paid or payable by the bank. Newhaven Church of Scotland. Edinbur2h Year ended 31 December 2024 Accountin% Policies (cont.) Page 12. Fixed Assets The charity has the righi to Ixeupy and use for ils charitable objects certain tangible fixed assets. including the Chu￿￿ and h￿15 vested itÈ the Church of Scotland General TTUStees. No consideration is payable for the use of these &sset5. Expeiiditure inculled on the repair and maintenance of these assets is charged as expenditure in the Statement of Financial Activities in the period in which the liability arises. Items of ¢apital expenditure are writt¢n off in the y¢ar of purchase through th¢ Statement of Financial A¢tivities with the exception of land and buildings whi¢h have be¢n ¢apitaiis¢d at ¢051 value. l.and and buildings consist of the church manse. The trustees consider the life of the chur¢h property is lottg and the r¢sidual value high and therelor¢ that the annual d¢pr¢¢iation ¢harg¢ and a¢¢umulaled depreciation is not material. Accordingly no depreciation has been provided on church property. Investments Fixed asset investments are ststed at rnarket value at the balance sheet dale. Unrealised gains and losses represent the difference between the market value at the begi[￿lttg and end of the financial year or, if purchased in the year, the difference bets4.een cost and market value at the end of the year. Realised gains and losse5 represenl the difference between the proceeds on disposal and the markel value at the start of the year or Cost if PUTchased in the year. Taxation Newhaven Church of Scotland, Edinburgh is recognised a5 a charity for the purposes of applicable taxation legisl￿10n and is Iherefore not subject to taxation on its charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input V A T. Newhaven Church of Scotland, Edinburgh Notes forming part of the financial statements for the year ended 31 December 2024 Page 13. L'nre5trieted Re5trieted Funds Funds 2024 2024 Unrestricted R¢stri¢ted FuDds Funds 2023 2023 Total 2024 Total 2023 l Donations 14*eies Offetings re¢overed on Gift Aid Legacies Or8anisation5 Third party collections Youth worker ￿nd Other 50,274 1.342 2,700 50,274 16,034 2,700 52.414 12,176 6.505 52,414 15,114 64,044 4.692 2,938 57.539 1.750 1.750 20.220 896 2217 2,217 12,220 20.220 12,220 896 66.962 24,912 73,312 72,697 140,009 2 Income from charitable activitie5 Conne¢tions Café T¢)ddl¢rs Other activities 31.4￿) 2,382 1.763 35,545 31.41>0 2.382 1,763 35,545 35.199 2.441 1.389 39.029 35,199 2,441 1.389 39.029 3 Income from oth¢r trgding activities Use of Hall pr¢mises 6,238 6,238 6,238 6.238 7.349 7,349 7.349 7,349 4 IDvestment incom¢ Dividends received lrtterest received 369 3,664 4.033 2,389 2,758 3.664 6,422 328 2,071 2.399 2,389 2.071 2.399 S Other intome Receipts from G¢n¢ral Trustees 112,778 27,301 140,079 120.018 74.768 194,786 Newhaven Church of Scotland, Edinburgh Notes forming part of the financial statements for the year ended 31 December 2024 Page 14. L'nr¢stri¢ted Restricted Funds Funds 2024 2(J24 Unrestriet¢d Restrieted Funds Funds 2023 2023 Total 2024 Totgl 2023 6 Analysis ol Expenditure R8isÉng Funds Offering Envelopes 71 71 71 71 65 65 65 65 Chxritsble Aetlvities Giving io Grow Pre5b￿Cry Dues Youth WoFker salary & exp Other payroll costs Fabric Repairs & Masntenan¢e Coynctl Tax Other Buildings Costs H¢ai & Light Church Office Expellses Organ and Music Congregational or8anisations After Church Fellowship tknnations to others Outreach S*ering group Payroll Fee Ind¢pendent examinaiion Other expenses 41,829 758 41,829 758 26,401 7.346 17,394 2,565 3.034 9.646 2,572 1,033 1,281 357 1.750 1.267 43,097 729 43,097 729 25,192 6,497 11.222 2,504 2.754 10,453 2,032 605 1,272 383 2,217 957 26,401 25,192 7,346 6,497 8,769 2,504 2.754 10,453 2.032 605 1,272 383 2,217 957 17,394 2,453 2,565 3,034 9,646 2.572 1,033 1,281 357 1,750 1.267 94 1.008 1,392 300 76.232 1.008 1,392 1.008 1.320 3,278 87,875 1.008 1,320 3,278 115,520 43,795 120,027 27,645 C8fe Expenditure: Cafe salary Costs Cafe supplies Cafe repair5 & qutptncnt 30,524 10.048 30,524 10,048 3,882 44,454 26,587 8,158 2.949 37.694 26.587 8,158 2,949 37,694 3.882 3,882 40,572 116,804 47.677 164,481 125.569 27.645 153,214 Other Expenditure Tot•1 116,875 47,677 164,552 125,634 27,645 153,279 Support ¢ost5 have not been 5¢p&rately id¢ntifJed a5 the trustees ¢onsidtT there is only one charitable activity. Therefore supr4)rt Costs relate wholly to that activity and have not been s¢pardtely id¢ntifi¢d. Newhaven Church of Scotland, Edinburgh Notes forming part of the financial statements for the year ended 31 December 2024 Page 15. 2024 2023 7 St4ffco$ts and Salari¢s and wages Socaal security costs 63,204 57,478 63,204 57,478 The avera8e number ofcmployees during the year, cal¢ulated on the basis of a head count. was as follows.. 2024 2023 Number Number Minist¢ryal support Café Premises maintenance No employee had ¢mploye¢ ben¢fiis in ex¢ess of £60.00012023.' nill. All Church of koiland congregations ¢ontribute to ihe N8tional Stipend Fund which bears the costs of all ministers, stipends and ¢mployer'5 contributions for national insurance, pension and housin8 and loan fund. Minisiers, stipettd5 are paid in accordance with the national stipend scale. which i5 related to years of se&vi¢e. For the year L￿der review the minimum siip¢nd was £31,642 and the ￿￿xi[nUM stipend (in the fifth and subsequent years) £38.884. 8 Trustee Remun¢r4tioty #nd Rel*te41 P*rty TrAnsactionJ During the yvdr ntne trustees r¢ceived reimbursement of expenses inC￿Tred toulling £3,25812023: eleven irustees. totsl £4,547}. Council of £2,565 (2023.. £2.504) paid. No remuneraiion was paid io trustees in 2024 or 2023. During the year a totsl of £40,57412023: £39,530) w&% donated to the congregation by tNstees. 9 Tgngible Fixed Assets 2024 2024 oirjce Buildings Equipment 2024 1023 2023 Office Buildings Equipment 2023 Tot#1 Total Cost AilJ8n Additions Disp05als At 31 tk¢¢mber 215,000 215,000 215,000 215,000 215.000 215,000 215,000 215,OIM) Accumulattd Depreciation At l Janu Charge ft)r year Elimiwed on Disposals At 31 D￿￿nber Net Book Value At 31 December 215,000 21S,(KIO 215,000 215,000 Newhaven Church of Scotland, Edinburgh Notes forming part of the financial statements for the year ended 31 December 2024 Page 16. 10 Investments 2024 2023 Market value at l Disposal of investments in year Purchase of ￿nVeStmentS in year Unrealised gain l (lossl on investments Market value at 31 December 95,407 89,017 7,521 102,928 6,390 95,407 Investmettts at cost 65,776 65,776 The following investments aTe held: Church of Scotland Investors Trust Gmwth Furtd Gen¢ral Purposes 200 uniis @ £6,38 Fabric Fund 2.800 units @ £6.38 Rev. & Mrs T.H.B. Weller B¢qu( 2,533 units fj £6.38 tkvelopment Fund 7,854 units @ £6.38 1,276 17.864 16.324 14,767 45,789 50,108 Church of Scotland Income Fund Fabric Fund Development Fund 263 units @ £11.06 1,321 Units@ 11.06 2.909 14,610 102,928 2,883 14,478 95.407 I l Debtors 2024 2023 Gift Aid T&x Refund Due Other debtors 15.278 14,329 236 14,565 15,278 12 Cr¢ditors 2024 2023 Accrua] for Independent Examination Other 1,320 827 2,147 1,320 ,761 13 Analysis of Net Assets Among Funds 2024 2024 2024 General De$ignated Restrleted 2024 Total Fixed Assets It)vestments Current Asseis Current Liabilities Net assets at 31 Dee 2024 215.000 14.767 5,649 215.000 102,928 149,154 2,147 464.935 8.688 69,855 2,147 76,396 79.473 73,650 235.416 153.123 Newhaven Church of Scotland, Edinburgh Notes forming part of the financial statements for the year ended 31 December 2024 Page 17. 13 An•ly$i$ of N¢t Asstts ArnO￿g Futsd$ {conL) 2023 2023 2023 Gen¢r*l D¢$igngted Restrieted 2023 Tot#l Fixd Assets Investments Current Assets Current Liabilities i¥el assets ai 31 Dec 2023 215.000 14,767 6,770 215,000 95.407 173.241 11,761) 481,887 1,167 86,451 {1,761} 85,857 79.473 80,020 ?36.537 159.493 14 Volunteers In common with all ¢ongregations of the Church of Scotland. the congregation benefits frotn the contribution made by volunteer5 wkn give their time and talents willingly for the benefit of the Chur¢h. Th¢ areas of ¢ongregational life which rely on the contributiott of volunteers are many and varied ond mu¢h of the activity would be unable to continue were it not for the commitment shown. Net gainsnosses on investmeni At 31 Dec. lllcome Expenditure & trill$f¢rs 2024 IS Movem¢nts iD FllDds 2024 At l J#n. 2024 Restrided funds Fabri¢ Fund Development Fund Omie Legacy ￿nd Youth worker fynd 572 80.517 57,539 20,865 159,493 536 1,853 {10,662} 16,732) (3,882) 26,4011 147,6771 9,554 4,452 80,090 53.657 19.376 153,123 24,912 27,301 14,006 Unrestricted funds Designated Manse filnd De$ign31ed Wellei B¢qu¢si ￿nd Desiwted Maintenaace of Minist De$l￿￿ted Mtnister5 fund DeSI￿ated Toddlers thijd Designated Caf¢ fund De518nated Flower fund tksignated N¢w Church Steering Group Fund General fund 215,000 14,772 163 2.383 3.606 215.000 15,808 163 2.383 1.588 (357) 1.393 2,382 31,400 222 19001 140,5721 12671 13,500} 9,172 213 168 400 85,857 322.394 {94} 74.685 116,8751 306 76.396 311,812 78,774 112.778 13.550 16,485) Total funth 2024 481.887 140.079 164.552) 7,521 464,935 Transfers in the year were £3.5￿1 from the Toddler5 Fund to General Funds and a net trdnsfer of £9.172 from General Funds to the Cafe FutLd to bring the closing bal8n¢e on the ¢af¢ fi￿d io £nil at year-end. Transfers in 2023 were £2,000 from the Toddlers Fund to General Funds, £1.670 fro]n the Development Fund to the Café Fund and net transfer5 of £825 from General Fund5 to the Cafe Fund and £9,554 from General Funds to the FabTiC Fund to bring the ¢losing balan¢¢s on th¢ Caf¢ and Fabri¢ fitnds ¢0 £nil at year-end. Net 8ainsl(Iosses) on investments in 2024 were gains of £1,566 to the Fabri¢ fund, £4,452 10 th¢ Development fi]nd, £1,393 10 the Designated Well¢r Bequest fvnd and £110 io the Generaj fund. givsng a 10th] gain of £7.521. N'et gain￿(loSses) tsn investments in 2023 were gains of £1.309 to the Fabric fi￿d. £3.906 to the Development fund. £1.089 to the Designated Weller Bequest fijnd 4nd £86 10 th¢ General fvnd, giving a total gain of £6,3g). Iyewhaven Church of Scotland, Edinburgh Notes forming part of the financial statements for the year ended 31 December 2024 IS Movements in Funds (coTrL) COn￿pArtIVeS 2023 Restricted funds Fabric Fund Development Fund Orme Legacy ￿nd Youih worker fund Page 18. Net g•in$1105ses Investmeni At 31 Dec. In£ome E¥p¢tsdithre & tra￿sfer5 2023 At l Jan. 2023 1,248 76,678 468 1.603 57.539 15,158 74,768 {2,4531 I,J09 2,236 572 80,517 57.539 20.865 159,493 30,899 108,825 25.192) 27,645} L'nrestrlcted fvttds Designated Manse furtd D¢sigDated Well¢r B¢quest fiujd Des18nated Maintenance of Mini,. De5jg[￿tCd Ministers fund Desig[￿ted Toddlers Designated Café fund Desi8nated Flower fund Designated New Church Steering Group Fund G¢n¢ral fvnd 3,545 215.000 14,066 163 2.383 4,166 215.000 14,772 163 2,383 3,606 13831 1,089 2,441 (1.0011 35,199 (37.694) 333 (1201 (2,(￿0) 2.495 213 400 88,987 325,165 433.990 400 85.857 322,394 82,045 186,436) 120.018 1125.634} 194,786 l53279 1.261 2,845 Tot#1 fuTrds 2023 481.887 Funds F&bric Fund.. This is a fimd for repairs and maint¢n2D¢e to the fabric of the church and manse. Developmertt Fulld: This is a fund to be used for any actiwty. project or item which the Ktrk Session con$id¢rs to be eon5jStent with Newhaven C.hurch's mission ststement of 'seNing Christ, ¢a¢h other and the community,. Items considered to b¢ the vsual running expenses of the Churth prtmis¢s would be 5pe¢ifically ex¢luded. Orme lkgacy fund.. Thts fund was Set up with a legacy from Georgie Orn¢. and is to b¢ used to support the Cafe and the youth work of the church. Youth Worker Fund: this fi6nd L5 for the Salary and expenses costs of this post. Manse Fund: This fijnd represents the wst of the manse own¢d by the ¢ongregation. Wtller Bequest FuThd: Thi5 fund provides inco]nt from a bequest designated for soctal activities such &$ con8re82tional meals. MaintenADce of Ministry Fund: This fi￿d is designated for the Minister to buy books and preaching materials. Minister's Fund: This fijnd comprises income from a b¢qu¢$t. This is designated for the exclusive use of the minist¢r to allo¢al¢ at his discttiion for those in finollcial need. Flower fund: This fund is to be used io purchase flower5 for the church. The Toddlers Fllnd.. This fund is to financ¢ th¢ weekly toddlers group, to receive subscriptj0Th5 and to provide for the purchase of toys and wuipment. The New Steering Group Fund is set up to progress working tog¢th¢r with North Leiih and South Leith Parish churches. The CAfé Vund: This fi]nd is designated for the operation of the ¢af¢ as an outrea¢h venture. 16 CollectiotES for Third Parties 2024 2023 Erskine Hospi Siloam Christian Ministries Tearfund Bethany c￿l$ti￿tt Tru Christion Aid & Kampi Disabled Childietk's Tn￿1 Other third party Collections 200 270 550 430 155 291 286 356 1,129 300 Appendix FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHbRCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCO 'NT Credit Balances held at 31 December at cost Market value of Balan¢es at 31 December REVENUK ACCOUNT Credit Bal*J¢e at 31 December 42 TEM Debit Balance at 31 December (4) {41 **THE CHURCH OF SCOTLAND** ## **Checklist for Examination of Congregational Accounts** ## **Fully Accrued (SORP Compliant) Accounts** ## **Presbytery:** _**Edinburgh & West Lothian___________________**_ ## **Congregation** : Newhaven Church of Scotland, Edinburgh________________ Do the annual Accounts as presented to Presbytery fulfil the Regulations for Congregational Finance of the General Assembly and the requirements of the Charities Accounts (Scotland) Regulations 2006 and the Statement of Recommended Practice Accounting and Reporting by Charities 2014 by showing details of: ## **Trustees’ Report** |**1.**
Registered name of the congregation
**2.**
Congregation’s Scottish charity number (SC xxxxxx)
(also to be shown on front cover of accounts) -not the tax reference

**3.**
Contact address of the congregation
**4.**
Name of anyone who has been a charity trustee at any time from the start
of the period covered by the accounts up to the date the accounts were
approved by the trustees
**5.**
Particulars of the constitution or governing document of the congregation

**6.**
A description of how charity trustees are recruited and appointed
**7.**
The purposes of the charity
**8.**
The organisational structure of the congregation
**9.**
A summary of the main activities of the congregation, achievements in
the period and a summary of difficulties faced
**10.**
A statement of the principal risks facing the congregation and the steps
taken to mitigate those risks

**11.**
A description of the policy the trustees have adopted to determine the level
of reserves to be held by the congregation, including:

- the level of reserves held

- why they are held
- the amount and purpose of any designated fund, and the likely timing of
any expenditure that has been set aside for the future
If no reserves are held a statement of why this is thought to be appropriate
**12.**
Where material investments are held a statement of the investment
objectives and performance against those objectives
**13.**
Signed and dated by a trustee on behalf of all the trustees|Yes
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓|No| |---|---|---| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||n/a| |||| |||| |||| ||✓|| **Statement of Financial Activities** Yes No N/A ✓ ✓ ✓ ✓ |**1. **
Income split between
-
Donations and legacies
-
Income from charitable activity
-
Trading income (unlikely for most congregations)
-
Other income
**2. **
Expenses split between
-
Raising Funds
-
Charitable activity
-
Other
**3. **
Net Gains / Losses on Investments
**4. **
Transfers between funds
**5. **
Net Movement in funds
**6. **
Total funds brought forward and carried forward
**7. **
All of above split between different categories of funds
**8. **
Comparative figures for previous year
**Balance Sheet**
**1.**
Fixed Assets split between tangible assets and investments
**2.**
Investments stated at market valuation
(including amounts held with Investors Trust Growth and Income Funds)

**3.**
Debtors at year end

**4.**
Cash and bank balances at end of period
(including amounts held with Investors Trust Deposit Fund)

**5.**
Creditors at year end

**6.**
Funds split between Unrestricted, Restricted and Endowment

**7.**
Comparative figures for previous year

**8.**
Signed and dated by two trustees on behalf of all the trustees|| |---|---| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| ||| ||✓| **Notes to the Accounts** Yes No N/A |**1.**
Nature and purpose of the different funds held by the congregation,
including any restrictions on their use
**2.**
Amount of remuneration paid to a charity trustee or person connected to
a charity trustee or a statement that no such remuneration was paid
(excluding minister’s stipend but including Voluntary Additional
Payment where appropriate)
**3.**
Total amount of expenses, if any, paid to charity trustees and the number
of charity trustees receiving expenses (including minister’s travel, Council
Tax, etc.)
Or a statement that no such expenses were paid.
**4.**
Details of remuneration or expenses waived by Trustees
**5.**
The total amount donated by all trustees
**6.**
A note detailing the arrangements for minister’s stipend
**7.**
Details of Accounting Policies adopted by the trustees
**8.**
Analysis of
- Donations and Legacies
- Income from Charitable Activity
- Income from Trading Activity
- Investment Income
**9.**
Analysis of Expenses
**10.**
Details of split between unrestricted, restricted and endowment for
previous year for each of the above categories
**11.**
Details of Staff Costs
- Split between Salaries and Social Security costs
**12.**
Average number of employees during the year calculated on a head count
**13.**
Analysis of Fixed Assets included in the Balance Sheet showing
- Cost
- Depreciation
- Net Book Value
**14.**
Details of investments held
**15.**
Details of significant debtors
**16.**
Details of significant creditors
**17.**
Analysis of net assets among funds
**18.**
Details of movements in funds

**19.**
A description of the role played by volunteers within the congregation

**20.**
All details of any other separately registered charities, trusts etc which
are under the control of some or all of the congregation’s charity trustees
**21.**
Any further information required to reasonably assist the reader to
understand the statement of accounts|✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓||| |---|---|---|---| ||||✓| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||✓| ||||| ||||✓| ## **Independent Examiner’s Report** |**1. **
Independent Examiner’s Report must not be dated before the date
the Trustees approved the Accounts
**2.**
Full name and address of Independent Examiner should be given
**3.**
Independent Examiner’s Report must be signed by an individual and not
by a firm of Accountants|

✓
✓
✓|

| |---|---|---| ||✓|| **Also confirm that the following figures agree with each other:** **1.** Each category of income in the Statement of Financial Activities. **AND** The total of the same category of income in the Notes. **AND** The total income in the Movements in Funds Note. **2.** Each category of expenditure in the Statement of Financial Activities. **AND** The total expenditure in the Analysis of Resources Expended Note. **AND** The total expenditure in the Movements in Funds Note. **3.** The Net Assets per the Balance Sheet. **AND** The Total Funds per the Balance Sheet. **4.** The Fixed Assets, Investments, Debtors and Creditors per the Balance Sheet. **AND** The totals of the appropriate notes for each of the above. |Yes
✓
✓
✓
✓
✓
✓|No| |---|---| ||| ||| ||| ||| ||| ||| |✓||