2025-09-30-accounts

St VinCen￿S Chapel. Stockbridge 13 St Vincent Stree( Edinburgh EH3 6SW Regisiered Scottish Charity SC 023274 Report and Accounts for the year ended 30 September 2025 Charity Trustees: The Revd John Penman (Pri¢st-in-charge) Vestry Members: Bridgei camp￿11 (Secrelary) Lynn Chapman (Treasurer) Jane Gauld Franklin Lau Rachel Macdonald (until April 2025) Barnaby Miln Ruth sL￿k MBE (Lay Rcpresentative) Oliver Thomas {Chairn]an) Gavin Watters Gery Wells Independent examiner Susan Jarvic Bankers Royal Bank of Scot]an(L 36 St Andrew Square, Edinburgh, EH2 2AD Annual Report of the Vestry The MeM￿[S of the Vestry preseni their annual RerK)rt and Accounts for the year ended 30 September 2025. Status of Congregation We are registered as Scottish Charity SC 023274. We are a congregation whose purposes are to worship God and serve our local community. We belong to the Diocese of Edinburgh in the Scottish Episcopal Church (SEC). We are subject to the Canons of the SEC and to the resolutlODS of its General Synod. We pay an annual quota to the Diocese of Edinburgh. We are represen*d on the Diocesan Synod by our Priest-in-charge and Lay Representative. St Vincent's is a rnember of the Forth Area Council of the Diocese of Edinburgh and Comely Bank and St(Kkbridge Churches Together.

B¢twe¢n 1971 and 2021 the building of St Vincent's was owned by the Commandery of Lochore of the Order of St Lazarus. The church building w&$ gifted to the Vesty on behalf of St Vincent'5 in 2022. The Revd John Penman is our PriesI-in￿ha[ge, supp)rted by Assistant Priests the R¢vd Linda Harkn¢tt (until August 2025), the Revd Prof Canon Michael Hull and the Revd William Mounsey. The clergy a￿ supwrted by our SacTislan Team. Worship Our nonnal pattern of worship is the 1929 Scottish Prayer B(K)k Eucharist on Sunday at 10.30am. Ther¢ is also Evensong at 6.00pm on Sundays, alld Euckwist on Thursdays at I I.00am. Overall numbers attending services remained steady. The mov¢ towards a younger and more diverse demogrdphic continued. While some joung families and couples moved out of Edinburgh. others joined the congregation. Average altendance at Sunday morning Eucharist was 41. at evensong on Sunday 7 and at Thursday morning Eucharist 7. 3 baplisms, 3 weddings, I blessing of a marriag¢ and 2 mernorial services took place. 15 home and hospital communions were made. We marked all the major events in the church year. OUT Director of Music for Services organized Sp￿la1 services enhanced with music from gu¢st choirs to mark Advent and Mothering Sunday. Bishop John and Mrs Arnies joined us to celebrate St Vincenl"s Da).. Many "helping hands" from among our members welcom¢d the congregation. read lessons and prayers, prepared pew sheels tended the garden. served refreshments. dealt with banking collections and decorated our church beautifully with flower5. All these activities were coordinaled by volunteers. We also paid for some extra administrative suptx)rt. Other events, activities and achievements Chariti W¢ gav¢ mainly lo three charities: Bethany Christian Trust, A￿rloUr Child Care Tn￿( and ZANE- Zimbabwe A National Em¢rgency. Social events Our inforniai social group The Invincibles met monthly. We organized other enjoyable social events including a Christh)as party for the congregation, a summer party for the benefit of Horatio's Garden and a Harvest Supper with an auction for the benefit of our three chosen charities. Community of our building We continued to hold an entertainment licence from the City of Edinburgh Council. Our building was hired out extensively througbout the year to many and varied external individua15 and groups, particularly local residents and musicians. ￿h0 appreciat¢d access lo our pianos. We reviewed and revised our hire charges lo reflect increascd running costs and regulaT Usage. new rales in effect from January 2025. Organized by the Edinburgh Sacred Arts Foundation. the Festival of the Sacred Arts w&s held on 10-16 August and St Vincent's hosted several of that Fesiival:s events &s ￿'ell as others in the

Edinburgh Festival Fringe. In September the charity TaplntoIT began a l O-week series began of free weekly sessions to help the over-60s with IT. Outreach Al Christmas and on Good Friday we took part in interdenominational Christian outreach in Stockbridge organized by Stockbridge and Comely Bank Churches Together. We also opened our building to visitors for the Door5 Open Day weekend in September and welcomed nearly 300 visitors. Propety Some furniture belonging to our fomler landlord was removed from the undercroft. as well as the redundant boiler. We made improvements to our sound system, including moving the sound deck from the pulpit to the gallery and relaying services into the refectory. A quinquennial review of our building was carried out by architect Rosalind Taylor. She recognized that St Vincent's continues to be well looked after and the issues which had been tackled since the last review. She identified a few issues, mostly relating to drainage, which need to be tackled urgently. Action was begun to address ihe most urgent of her recommendations. We continued ￿ collect inforniation and ideas from the SEC Net Zero Action Team and other congregations about how we can take further action to move towards Net Zero Carbon. Communications Our magazine, edited by David McDowell and available online and in hard copy, had 6 editions. Our website (www.slvincentscha el.or .uk) was kept up to date and included a calendar of forthcoming events, the curreni edition of our magazine, photOgTraphs and inforn)ation. We also communicated via WhatsApp. new5 eTnails and infonnal Tneetings. Diocese We look part tn the DTocese of Edinburgh's Big Day in June to exchange ideas with other congregations in the Diocese. We contributed our profile to the Diocese and ide&s aiK)ut what we are looking for in a Dew bishop to help prepardtion5 for election of a new Bishop. following the Tetirement of Bishop John Arn]¢s in August. Financial affairs St Vincent's relies on the generosity of its members. including Gift Aid, for most of ils fill)ding. Income from letting our building for use by the conununity and musicians has increased. We hav¢ a v¢ry small surplus this year due to not yet being in a position to submii th¢ Gift Aid claim resulting in reduced income tplease see Finance Schedule and accompanying Notes to Accountj. In January 2025 we increased the proportion of stipend paid to our priest-in-charge to one-half stipend per annum to allow him to spend more time leading our congregation. Whilst ownership of the church building has been transferred to St Vincent's, registration of title has still to be concluded by Registers of Scotland.111 The income from an endownent provided by the donor of the building and invested in th¢ SEC Unli Trusi Pool h&s been used to maintain the fabric of the church.

I We have subsequenlly received confirmation that ihe ti¢le deed wa5 regijlered lo Si Vincenl's on 13 January 2026. Our longer temi financial objectives ar¢ to ensure the building is properly maintained. to provide a heating system which helps us move towards Net Zero Carbon and to build up the Future Clergy Fund. This is so that the income deriving from it can support not only the cost of a part stipend for a fUtL￿e priest but also possibly contribute lowards their accommodation. Constitution and Vestry The Constitution was adopted in 2007 and last amended in 2018. The Priest-in-charge is a member of the Vestry ex officio as are the Treasurer and Secretary; the Lay Representative and Alternative Lay Representatives are also officers of the V¢slry' other members are elected by the congregJation. The congregation are the cornmunicants of at least sixteen years of agc whos¢ names ar¢ on the roll of communicants. James Holloway (Chairnw)) and Andrew Milner (Treasurer) stood down from their roles and the Vestry at the Annual General Meeting on 24 November 2024. Oliver Thomas and Lynn Chapman became Chairman and Treasurer respectively on the same date. Oliver Thomas stood from the Vestry and his role as Chaim)an at the Annual G¢neral Meeting on 30 November 2025. John Penman acted as Chairnian of the Vestry until Gavin Watters took on the role of Chairnian on 20 March 2026. The members of the Vestry are all charity trustees for th¢ Charge and are responsible for th¢ management of the secular affairs of Si Vinc¢nl's, including compliance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005. The list of n]embers appears at the begilming of this report. The Vestry m¢1 five times during the year. The members of the Vesty are graleful for a gyr¢at deal of assistance and support from very many members of the congregation during the year. 201

STMNCENfs CHAPEU STOCKBRIDGE svA￿mEPlT0F RECEIPTSAND PAYMENTS FOR THE YEAR ENOED 30TH SEPTEMBER 2025 Unr••irkt•d Re•trfjcted funds Total 2025 T(lal 2024 m•lTht•nanG• fvr Not•• RECEIPTS v0￿rtary ro¢•￿1 Church or￿ng5 DonHtion5 arvj glts r￿ftaid rgdaim 32.374 2.177 15.119 655 47.493 2.732 47.204 1.990 6.218 55.412 Note 2 34.551 15.674 50.225 Roc•W from Gharltabbtr ac1￿￿￿&8 Public use of church R•¢•W¥ kn tradlng activhl17 Private use ofchurth R•¢elpt• from kN•ilmerrt• Us)itTrusl income BaThk intsrtsst 9253.95 9.254 9,873 2.505.06 2.505 2,397 Note 3 NotÈ 3 3.569 594 7,208 198 7A06 10.777 791 73A53 9,471 15.674 77.t53 PAYMENTS Paym•nl8 for chaittabb• actNfltbD• Churf bullding Clgrgy suppcfft Church 59rvi erthurth expers¥es Donation5 profes￿0￿31 Fee5 No*4 Note 5 NolB 6 Note 7 Note 8 Note 9 17804 S55 18.834 8,925 27384 18,834 9,968 12241 1.441 1,950 71.817 18,684 11,892 11,126 8.912 2,100 9.968 12241 1,441 1.950 10.875 41.554 19.389 52,714 3.219 55,933 Purchaso offixed asyets TrA¥l pjymgnts ID•lkttlfor th• y••r 8.919 3.714 1,736 21220

sT¥￿cE11T$ CHAPEU STrXKBRll>GE STATEMENT￿ BALANCES AS AT 307H SEPTEIABER 2025 FUNDS RECONCKIAIIIXI T(al 2025 Tthl 2024 Bo1oNtA •tbgglnning 0f￿r Surplu5 IDefitill fv)r the yfjor Tr8nsfpr be￿een fvJnd5 Ball￿ at •thJoly•r 34,744 8919 37.5ryJ 3.714 27.770 3A69 100.014 1.736 78,794 21220 43A63 33.7U 24JOI 101.750 100 14 BANK BALANCE8 Gènernl CU￿e￿I ALtounl Commandery Endowrrnl CuTheTrtko)unt Events CuryenlAccounl 8ulAot•l curr•rrt •ccourt• Genernl Liquidity Manao•rl35 day notic) Iwjunl Commandory Endowmnl Liquidlty Manager135 daynoknlka¥Jrrt Tatsl al 11.384 4,683 1.615 17,882 60.594 23.474 101.750 79263 20.751 100,014 100 014 INVÈSTMÉPIT• Un• Colt IA•rk•t ¥4lu• rk•t v•lu• SEC UTP uThlts norn1 FI￿￿ D•in•knd d•mknr 26.855 33.[ 59.855 193.516 253 371 53,884 66.213 120.097 242.559 382 655 49.341 60.832 109,973 222.112 332 085 SEC UTP Unlts EyWnd8b￿ Er￿y￿FUTrd OESIONATEO FUNDS Tol•l 2025 T4al Z024 Fund Fund bJl•r ofy••r Surplus Idelcill y the ￿￿[ 7.020 20.750 3,469 27,770 3.469 18.488 6.334 4.968 17 FIXED A88ET8 Unrn8trlclDd Fur Renovatod kltrknen and I￿let18￿1119 AddlOon¥ b ar￿ ImprDverrnnlofbulKling V•¥trn•nt¢)JpbNrfs, InG£1000 giftln 2012113 Furnlshlngs (Wo￿￿0Th ofaddilonal oxtymal ￿￿111tylryI 20171 8n(J other e4ulpmht Ilf• ex￿￿•￿•1201T1 •At•wlnkJ•f20181 R•plorAm¢ni stone ¢yo$4 Pl•no+frJrr• Jul.19 Inoudon loDp Feb.23 R8dlab)r5 F8b-23 Rqdiator¥ Ctt-23 Fr•mgd Ilstofdorgy 17.172 13.114 3,737 17.172 13.114 3.737 7,064 2.347 4.856 6.414 1.775 1.244 2,298 921 2,347 4,858 8.414 1,775 1244 2,298 921 I Ilthd 8tcost aid 01£86 relwting &shopts LentAppoal dLwtion¥ hu bv•n pwd bth• dKK•W and ￿11 b• r•dalm•¢ Imm HMRC FrBvdvlenl insuranc• pa￿￿n[S )tylllng £192 h•¥Y t••n r•fvnd•d ¥f•r 30 S•pknrrl)or 2025 Crodlt)rn'. Fvnd¥tollirg £461 W•TO ythro• rrf>nwnalJl cwty•s tsjtpaid outatsr 30 S•pknrthr2025 Th• note¥on thefrJllDWiTrJ pa￿tr)rman inkngral p8rt0fl￿ ac£tsJnts Awov•d tyth• V••try ￿21th Jun• 2026 •NI •lwdonth•tr b•h•V Achapman Trea￿rer n Vlallèrs Chaifman 2 4 Ja26

ST VINCENfs CHAPEL STOCKBRIDGE NOTES TO THE 2025 ACCOUNTS 1. Gengrnl Infomiatlon 8asls of preparntlon The accounts have been prepared on a receipts and payments basis. They comwse a summary of all monies received and paid through the bank and in cash by the church during the financial year. together wrth a statement of balances. No adiustmenls have been made for any irm due but not yel received, nor for any expenses incurred but not yet paid at the year end. Fixed assets aTr ¢8Prtalised. bul a summary is induded in thè arA￿unts. Funds Unrestrtcted Funds Unrestricted funds are those that may be used al th8 disuetth of the Vesty in furth&Tar￿ of th8 hurch's obj'eclives. The uninvesled general fund has reduced very slighyy in 2024125. but this will b8 reclified once gTft aid is received (see note 131. Althwh induded in general funds. the Vesty has decided that, rf any legacies are receNed. they should be eannarked lo ensu￿ that they are retained fLY wrposes which it bdi8ves are appropriate lo the don￿. The fuThJ Currently stands at zero. DosIgn4t￿ Fund$ Future Clergy lund exists to anocate church funds to aNJ deryy support. Thls Is supported by funds lrnnsferred fmm the general fund as agreed by the Vesty. The￿ have been no transfers from the general fvnd during this financial yew as &ft Aid has Th)t yet b88n daimed. The Designated Building fvnd was created to provth for building Maintenan￿ costs. Funds are transferred from the general fur￿ ar￿ investm&nl incthne frnm the SEC Unil Trust Pcd unlts Is allocated directly lo this fund. There was a deficrt of £3,469 and the fijnd cJJrrenUy stands at £17.281. Roslrlct•d Fund• Restricted funds may only be u$8d forspecfft wrwse$. Restrictions arise when specrfied by the dcmor orwhen funds are raised for specrfic purposes. During the year the church continued to receive offerings specrfically intended for supwrt of the clergy. As in the pwious year these were credited lo a restricled Clergy SupFxyt fund. to which the relevant costs incurred during the year were charged. In ada￿lon. £555 was donaled for a caw thnng this financial year. Reser￿ Polky The Reserve$ Poliry Is to keep on8 yea￿S expenditure in genwal unrestiithd fttnds. to guard against any decline in Ir￿rne. particularly that assccialed with changes in membership of the church. At th8 year•nd. General Reserve (cash) wa$ £43.663 and Genet81 Reservé (SEC UTP investments) was £53,884. Church bulldlng (Jvnership of the building had tthn transfer￿ to wr cxxvJeg8tion on 24 March 2022 but reglstration of the t￿8 d8ed by Regislers of Scotland had still not been com5￿eted by the end of the financial year. however, we have subsequently receiv&J confinnation that the trtle deed was regi$l6red to St Vincent's on 13 January 2026. The V8sty have d6cKled lo cary out an iThJe￿nI wOfess￿l valuation of th8 building as the cost is likely to exceed the benefits provthd by the infom)ation. The asset is theref￿e not rec4nised in the acC￿nIS. Speclal collectlons During the year money vms raised from events iThJ¢￿Tr￿ent of the ncrnl operation of the church (Harvest Supper, Children's Christmas Service. et¢). These are banked and paid out to those organisats.ons whith rt was ¢dlethd. They are not included in the receipts and payments of the church, as the church was acling as an agent for a third party. (See Note 11)

Payments No costs were incurred for govemance or in respect of trading activities. Costs v4hich may be set against letting (healing, lighb'ng, cleaning, piano tuning) are considered part of the general church costs and have rKfyt been apporb.oned separately. 2. Donatlons and glfts (income) 2025 2024 General donations 896 1,990 Donations for flowers 820 Donation for carpet 555 t)onations for nominated charities from Vesty Christrnas drinks and Children's Chri5tm8s Service 461 2.732 1,990 3. Rgcolpts from Investments The Fubjre Clergy Fund and a part of the church's general funds have been held in a Scottish Episcopal Church unit Injst since March 2017. Income distributions from the unit trusts were received on 21 February 2025 and 22 August 2025. The income eamed from the Endowment Fund investments and the Commandery Liquidity Manager account was allocated lo the deswnated building fvnd. 4. Church bulldlng 2025 2024 Utilrties 7.906 9.203 Cleaning 2.735 2.323 Repairs and refurbishment. 13.263 4,160 Insurance and rates 3.480 2,998 27,384 18,684 2025 figure includes one-off cost relating to boiler removal1£8,1651 The costs relating to the boiler removal and other building maintenance have been CA)vered by the funds designated for this purFX)se.

1. Clergy costs 2025 2024 JP stipend and pension contribuiions. plus Clergy Conferen 18.834 11.892 Clergy. asgxiate & ILum ckrgy. 18,834 11.892
2. Church Sor￿CeS 2025 2024 Organists aThJ music 8,920 Flowers, semce sheets. etc 1,581 Flowers Service strwts, etc Materialslworship related (£6ts 892 625 11,126

3. Oiher church expenses 2025 2024 Dio(xsan quola 5.624 4.674 Administration 3.8 1,786 Publicity 322 Entertaining 98 Magazines and pubIut￿nS 251 Music 924 Legal a¢fvice not property related 1,140 Public Entertainmnt Licen 1.177 Other 375 508 12.241 8,912

4. Oonallons 2025 2024 Abedour, Bethany Christian Trust. Sparkes Hofne 1,500 Aberfour Child Care Trust Bethany Christian Trust 5(Ml ZANE 375 Sacred Arts Foundation (donation repla￿d by zer[F￿$t hire for festival for 2025} 600 Bishop's Lent Appeal (Gift Aid to be reclaimed) 66 1,441 2,100

5. ProfBs$ional sarvlces fees 2025 2024 Surveyor's fee for Quinquennial report 1,950 1.950

6. Purchase of Assets 2025 2024 List of Glergy12023141 921 Addition81 radiators (202314) 2.298 3.219 io

7. Specl•l collèctlons During the year sums were raised from the Harvest Festival auction, the pTrChrislmas paty and the Children'5 Christmas Service. These donab'ons were split befvleen the three nominated charities., they are not treated as church income. 2025 2024 Ab8rtour, Bethany, Sparkes 747 Aberlour Child Care Trust Bethany Christian Trust 100 ZANE 100 299 747

8. Romuneratlon. Exp8ns85 and Declaratlon5 of Interest of Vestry members No Vèsty Members received expenses. No Vesty members received remuneration other than our Priest in Charge. He is being paid a ong-half sts.pend per annum lincreased from one-quarter with effect from 16 January 20251 and corresponding pension as per Diocesan standard conditions. Declarations of interest have been made by Bamaby Miln. a trustee of the Sacred Arts Foundation. A donation has been made lo this charity in pnor years- it was agreed by the Vesty to support a proposal lo replace this donation wrth zer¢>COSt rental of the premises for the Sacred Arts Festwal for 2025.
9. Glft Ald to bo roclalm Gift forth8 L￿-year2o24-2025 is still to bè redaiff*d as various checks need lo be made beforo the claim can be submltted to HMRC. In addition. donations were rece¢ved for the Bishop's Lent Appeal in specific Gift-Aid envelopes. 11 is the re5ponsibilty of St Vincent's to claim the Gift Aid and p85S this on to the Diocese. We have paid the grossed-up value of the donab'ons lo the Di0￿san Acix)unt so will retain the Gift Aid once it has been daimed.

Independent Examiner's Report to the Vestry of St Vincent's Chapel, Stockbridge Registered Charty number SC023274 I report on the financial statements of the charity for the year ended 30 September 2025 which are set out on pages 5 to 11. Respecllve re8pon8ibilities of Trustees and Examiner The Vestry is responsible for the preparation of the accounts in accordance with the tems of the Charities and Trustee Investment (Scotland) Act 2005 (Yhe 2005 Act.) and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Vestry considers that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibilty 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 Examlnor's Statemont My examination is carried out in accordan￿ wrth Regulation 11 of the 2006 Accounts Regulations. 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 consKleration of any unusual items or disclosures in the accounts and seeks explanations from the Vestry con￿mIng any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit and, consequently. I do not exp￿5 an audit opinion on the view given by the accounts. Independent Examlnees Stst•mont In the course of my examination, no matter has come to my attention.. 1 which gNes me reasonable cause to believe that, in any material respect. the requirements.. to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations 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. 29 June 2026 Susan C Jarvie 214 Ainslie Pla Edinburgh EH36AR