2024-12-31-accounts - Morningside Parish Church of Scotland, Edinburgh

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The Church of Scotland Edinburgh: Morningside Parish Church ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31 DECEMBER 2024 Congregation No.. 010069 Scottish Charity No: SC 034396

Morningside Parish Church Trustees, Annual Report and Aecounts Year ended 31 December 2024 The Trustees preseni the annual report and financial staiements for Momingside Parish Church for the year ended 31 December 2024. The financial slalemenls hae been prepared An accordance with the accounting policies set oul in the noies to ihe accounts and complj with the (Feneral Assembly Regulations for Congregaiional Finance. the Charities and Trustee Investnient (Scotland) Act 200). the Charities Accounls (Scotland) Regulaiions 2006 (as amended) and Accounting and Reporting by Charilies.. SLgiement of Recommended Practice applicable to charities preparing their accounts in accordance iviih the F inancial Reporting Standard applicable in the UK and Republic ot" Ireland. Objects, Activities, Achievements and Perforniance The Church of Scotland is Trinitarian in doclrine. Refonned in Iradition and Presbyterian in polity. It exists to gylorit"). God and to work for the adN'ancement of Chrisl's Kingdom throughout the world. A5 a national Church il acknowlcdg¥c5 a distincliTrc call and dut>' lo bringi thL ordinanccs ol. rcligJ j(In t() thL' PC(IpIL ()I-L..r>. P(Irish in Sc()tland Ihr()ugh a tLrrilorial Ininistry. li co-OPL'ratLS With othLr churLhes in various ecumL'niLal tK)diLs in SLOtland and bL'yond. Momingyside Parish Church furthers its charithblc PUTposes by various activilies. General In Ihe lite of every cong7regiaiion ihere are limes ofebb and flow. ot. weakness and strengTih. and of loss and gFain. 2024 saw a gFrcai deal of Slrcngyih and hcalil)y vigyorous life in ihc activiliL'S of. MorningJside Parish Church. for which 'e are iruly g7raieful in the face of an increasingly secular ag?e. I lowever. the J'ear 'aS also marked by sigynificani bereaieinents includingi Inany who had served our congiregTaiion joyfully and gyenerouslj. for many years and we Inourn tlieir loss. Like any family the Sadness ran deeply and th'ill lake soine iiine io adjust to as ihe Inonth5 g?0 by. but we are mindful of those no lon&ier with us and the part they played in so many different aspects of our church family life. We are grateful for them all. Pastoral work continues to be Carried oul throughout the year by the Minister. Pastoral Assistant. and around 16 lolunteers in a N'isiting giroup who visit members of the ¢ongFregJation who need morg regJular vi511alion. The latter is a quiet. backg7round work bul essential to the well-beingT and support ot. our congr¢gialion. The work of the Presbytery of Edinburbh and West Lothian Mission plan continue8 sloTh'ly but sILadily. 2024 saw two SigFnilicant shilis. In thc gyroupinbJ WL arL in whiLlI includLd FaimilchLad. GrLcnbank. Si John's Colinlon Mains and oUrSel.eS. al'ier ihoub,hilul discussi()n it was dLcided that St John's Colinton Mains mibyhi be betler Ailled in another blrouping and so Ihey no lonbJLr form part of our group. Also under ongoing consideralion is the union between Morningside and Greenbank. with Fainnilehead associated in a close parish grouping. Afier helpful discussion by our Kirk Session they. woted in lai'our ol. beginning Lqlks with Greenbank about a union pi'ocess. mindt.ul of the sensitiN'ilies and complexilies sum)unding such a discussion. The process is ongoing.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Objects, Activities, Aehievements and Performance (eontinued) Worship Weekly worship. primarily at the 9.30am Early Service and l 0.30am Morning Worship remain at the heart of congregational life. The Early SeTrice which is held from Septeniber to early June attracts a varied congregalion of beim'een 20-25. The themes at ihe service are broadly the same as the l 0.30am seTr'ice. bui ihe style of the Early Sern'ice is more reflective. and the liturgical style more participative for ihe congregation. As well as strongl J. theological and topical preaching. 10.30am Morning Worship benefits from the input of the choir and organist. The choral scholarship scheme means Ihat ihe blending of scholar and congregational choir inembership can conlinue lo proN'ide an impressii'e range ot"Iradilional choral music. In ?0?4 the choral scholarship progFramme was funded entirely by donations from ihe Friends of Morningyside. priN'ate donations. and fundraisinLT events like Ihe Summer Concerts and the choral eTrensongT ofgTanised by the orgFanisl and choirma51cr. lJndoubtL.dly a highlight of thL' )'caT lor Inan! 15 thL. LL550n5 and Carol. SLrvicL in DLLL'mbL'r. which (Ittr(IcIs (In L'N'cn l(IrL7L'r c()ngFfL'gFali()n th(In usual. In Junc IIIL Lh(iir and orgyani%i IL.d a choral even%ongJ. with donations gJoingF t'ardS the Lhoral scholar%hip progJrainine. Lii'c-qircaming of sern'iccs is now a weekly. occurrence for ihc l 0.30am service. and the averagc number Ol'vie.¢rS is l 00. I I0,¢Ver on Lessons and Carols Sunday ihe nuinbers were around 250. When requesied. weddingFS and funernls can be lie-streamed too. Holy Wcek services 'ere hosicd b). Grccnbank Church. The Ihcn)c was. 'Placc'. Thc Iloly Saturday S¢r.1Ce of music and rL'adingJs Mcrc hLld in our C'hurch and includcd rLtILctive rLadingJ and music. Although the pastoral aspects of the sern'ices are key. the 'Or.hIp element of the annual Reinenibering, Service in April and ilie Blue Chrisimas Service in Deceinber allo. Inenibers of tlie congTregJation and the wider communily to gaiher in Church to remember loNed ones who haN'e died as well as difficult memories and siluations in the cominunity and 'Ider world. During, the service5 there is an opportunily lo wrile names on stars and aitach thein to our Remen)beringT tree which will be placed beside ihe ¢ommunion lable. These two quieter serN'i¢es are a 5igTniticant addition to our 5¢rvice5 and do attracl SUPWJrt from the wider coinmunity. Hom¢ C.nmmunion 18 offcred Ihrougihout the year by the Minister lo thos¢ who are unable to com¢ to Chur¢h. It is usually tiLd in with ()n¢ of th¢ lour ionimunion s¢'a5()ns. One weekly contribution lo worship. b>reatly enjoyed by many. is ihe contribulion by ihe Flower Committee. The donalLd flow'ers. arranbied bJ' 'OlUnteerS. are delivered Io PLopIL across ihe congrebyation and community each Sunday. reminding them of our loN'e and best wishes and difficult and sad times. It is a much appreciated minislry. This year's ElarN'esl collection for the Edinburgh SE Foodbank resulted in ihe largest amount ever being donated - oi'er 316kg. This equales lo food parcels being issued to 38 single people - or 17 families with two or three children - with sutTicient food io feed them for three dajs. It was an unbelievable response. for which the Foodbank at Southhouse was hugelj grateful. particularly as

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Objects, Activities, Aehievements and Performance (eontinued) stock levels have been diminlshing since ihe cost of living crisis. and the pressure on household budgets. has taken hold. Since 2021. the HaTrest appeal for donations to the Foodbank has resulted in oi'er l (metric) tonne of food being collected by our Church. Whilst the main focus on the Foodbank is at Harvest. the congregation continues its support throughout the year. The Local Ecumenical service for the World Day of Prayer took place on I st March in Greenbank Parish Church. The Theme= .1 beg you...Bear with one another in love" (from Ephesians 4..1-3). The service was written by Christian women of Palestine. Outreach and Communication MorningFside Parish Church continues lo retain a sigynificanl commilmenl to the cominunity and widL'r w()rld. Our nL'w inlL'rnali()nal Lharily is ThL. Dai'id Noil foundali()n wliiLh dL.livLr4 Triiuiiia ML.diL411 Training, lor doLlI)rs 8Lrvingy in arLas alli'LIL.d by natural di%a%lL'rs or wa. IliLrL.by Lnablingy Ihcill to 8ai'e more lives. Dai'id Noit is a gFenLral and Trascular surg7Lon 'orking lor ihL NI IS in major London Ilospithls. For more than 25 years he look periods ol"unpaid leave io volunleer in some of IhL W'l)rld's most dangyLrous war Lones including SarajL'i'o under siegye in 1993. SPLlls in Alghanisthn and in Llandesline hospiials in Aleppo. Ai N'arii)US liines he worked lor the British RLd Cross and Medccin Sans F roniiircs. I loweN"cr. his CXPLriL'nces lcd him lo obscrvL thal. whilL it was useful for him io bring his skills io these areas. his lime in these locations was liinited and more could be acliieN'ed for Ihe w'ounded if he 5peni lime iraining local doctors ivho were perlectly competent in peacetime but lacked Ihe nece55ary specialised skills to deal wilh injurie5 resulting from wars or natural disasters. The charii>' sei up by Dai"id Notl Uses a dii'erse Inix of leaching methods and materials led by a world class faculty of experienced and distingJui5hed surg?eons. includingF U5inb' the iniernel and bring?ing doclors lo the UK for brief training? elperience. Their vision is a global network of medical professiona15 proliding the best care to patient5 in austere or h05tile ¢nvironment5. Support for th¢ F..dinburgh Clothing Store and the DaN"id Noti foundation Thas well Inainlained during the year. Th¢ annu<il ¢()ft¢¢ momingF in NoN'¢mber. held on¢¢ Inor¢ in the san¢luary. ¢ombinLd ¢off¢¢ and %tall% and Wd% a hug5¢ %ucc¢$5 for thL r.dinburgh CIDthing Stor¢. Ov¢r £5.000 was rai8Ld. and the ltillnwing day saw a truly mabyniticent amount of dDnatL'd clothingi and cash. OnL ol. thc bLllLfi15 01. IhL fLmoN'al ol. thc pew's in ?019 has been ihL Lnablinby of iliL sanctuary to be m()re widely used because ol. the bJrealer flexibilit) in the space. Thal beinbF said. Ih()Ub,h usinb the space is easier. Ihe amount of work and commilmenl required lo mak'e ihis event ihL SUCCLSS it was is a great tribute to Ihe N'olunleers from the congregalion and their Inends who work hard to make this an imponant fundraising evenl. as well as a lun one loo. Queues fornied outside and at points seats and thbles were hard lo come by so more had to be added. The Third Christmas Tree Festival was held in December and proved to be N'ery popular not only amongst the congregation but by the many groups who use our buildings. It also benefitted from

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Objects, Activities, Aehievements and Performance (eontinued) at least three very large concerts held by oulside groups in the Church. alongside our own concerts and services. As ell as congregational and youth organisation trees. and one from South Morningside Primary School. two trees were decorated by the .0 churches we are seeking to fonn closer links '1th.. Faimiilehead and Greenbank.. We haN'e the same generous sponsor as last year- William Purwes- and they also decorated a Iree. li is not primarily a fundraising eN'ent but through the well-stocked craft stall in particular over £1.500 was raised for charity work. including our Wednesday Club for people with disability. There were more N'isitors on the weekdays. including7 trom a nursery school and the Primary One NaliNity play and faniilies. and on the two Saturdays there were lovel}, concerts proN'ided by the Junior Musicians from George Watson's College. and once again from the Buckslone Community Choir. The organizing of the evenl was a tremendous effort by members of ihe Communications Committee. Chri8lma8 Cards continue io be scnt out each year. This is a much-apprcciaicd gFesture at Christina timL lo all IhL' congFrL'gyalion. The mL'mbL'rs of ihc Coinmunicaiion CommiltLL' and Ihe Church OlJi¢L liaisc annually io ensure thai ihc list of rccipiL'nlS is correct and L'.xLL.IIL'nt orgTani%alional skill.% arc. cngFagiLd 10 hai'c them %igined. sthmped and posied on lime. The Minisler co-operates in siginingi them all wiihoui coinplaini! The Wednesday Club t.or people wilh disabilily has been run by ihe church tor alinost 70 years. There was a dangyL'r ol. having 10 close IhL' L lub lollow'ing ihe withdrawal ot. Iransport lundLd by thL' Q'ouncil. As IhL' Club rccLii'Ls no lundingj and is purc'ly rcliani on donaiions it was dLLniLd thal there were insufficient monies in Ihe Club lunds io provide iransport. Ir thai decision had had to be taken. li would hai'e been with a heavy heart as for some of those atlendingj jl is their only nighi out in Ihe week. HoM'e.er. ongoing support from generous anonymous benefactors emerbjed to provide lunding for the transport w.hich "111 enable Ilie Club 10 Ineet once a Inonlh Iroin now unti I the end of its session in April. The club benefits from a retiring? Collection after the June communion. The club continued lo benefil from the donations received at the Telephone Choir Chri51mas concert at the end of the year. which We particularly b7enerous this year. The Morningyside Hope project supports people living with dementia. and their Carers. li is one of Ti's su¢¢ess stories and is larbJ¢ly due to the tireless Ork of our Past()ral Assistant. and an imprc.%sii'c bJroup of i'oluntecrs. ThL Mu4ic and Mcmnri¢% part ()t' IhL pri)jLLt LiinliniiLs %irc)ngJly and nom. ha% to MLLI OLLa.%ionally in the main %anLtuary a% nunibLr% havc outbyrown Ihc Cluny Hall. The wondcrlul en&yag>Lment not only in singhinby bul convLrsalion that music enables is truly wonderlul. Heart for Art. CJenile Exercise and CJaines AIILrnoon events have also shown growth this year. meeting the needs ol. congregatlon and eoininunily alike. The therapeutic benefits of spending time with animals have long been understood. being with animals does us good. With thal in mind. we arranged a special vlsit from some therapy ponies. giving us a chance to pet. feed and generally enjoy ihe company of these gentle animals. There is also continuing success and an incre&sing in attendance by congregation and community at the several dementia-friendly concerts held throughout the year. A mixture of soloists. groups.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Objects, Activities, Aehievements and Performance (eontinued) instrumentalists and choirs have provided a varied programme. and it has been good to see that local nursing homes in the area hal'e also slarted io attend concerts Wheneer possible. Increasing links with these bodies has been significant this year. 25 volunteers were able to attend a volunleer celebration organised to thank. in some small way. the wonderful band ot" volunteers 'hO haTre helped make Morningside Hope possible oi'er these past three-plus years. Social Social acliN'ities vary slighily each year because of events oulwiih our conirol. e.gJ. Ihere was no Coronation this J'earl Howei'er. Ihe c'ent$ which look place were Nery well supported and people seemed to enjo). them i'ery niuch. Cottees coniinue io be seri'ed aher Church Serk'ices every Sunday. The congyregiation and visitors to the Church seem 10 really enjoy (he opponuniiy lo meei and chai and leel part ot" the church community. li is a reg?ular commiimeni which requires social skills and Sn71nal On Easter Sunday in addition to our usual iradiiional Easter Treais soine beautiful Iranian cakes were made by a new member from Iran who has seiiled in Edinburg)h. In March soup and sandwiches were served lo those attending) Ihe Pastoral Assistant's Traininb, Classes on two eveningis. In April we helped the Outreach Committee wilh the caterinb) for the Beetle Drive which was very popular. In Junc drinks and nibblc8 w'ere supplied to th¢ Choir aftcr th¢y had sun&1 Choral Even8Dngy on th¢ last Sundaj. lor this >'Lar's choral SLholars. An Allernoon Tea was held on Saturday 13th July when 73 people w'ere served. Arranbienienls ere made lo brinb people 'Ith Mobilit problems. The ei'enl Involed niany helpers who bak'ed. made sandwiches. sel tables. arrangied flowers. seri'ed lables and cleared up alierwards. Thanklully everyone seemed lo enjoy Ihemseli'es i'ery much. In December. coffees and mince pies wilh brandy cream were served on the N."0 Saturday mornings of the Christmas Tree EN'enl - Ihe added dram, of musicians from (ieorge Watson's College on the first Saturday and Buckslone Community Choir on the second Saturday. ensured busy mornings. The tunds raised from calering added £379 to the funds raised otherwise by the Communications committee at this event. On the Sunday of the December Family seTr'ice Mulled Wine and Christmas treats were enjoyed again by the congregation.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Objects, Activities, Aehievements and Performance (Continued) At a committee meellng in February 2024. il was agreed that an event would be organised for the churches who. under the Presbytery Plan. were going to be joined in some way. In February 2023 it w'as thoughi that a plan M-ould be in place '"relatie1 soon" Unfortunately. almost a year later. in spite of many meetlngs a plan has yel lo be agreed. These events are hard work and much effort goes into each one- but they are a vital part of our church's lit.e. Not onl! do the). raise money for the tM.-o charities ii'hich the church supports as well as the church itselt". but they proN'ide an opportunity for members to meet sociall),. provide a 'elcoming experience lo N'isilors and new meinbers and much needed social conlact for so many people. It may bc hard work. but the commiiiec and helr$ claim 10 have a lot of fun and after LxpLnsLs have raised over £8100. li is iheir hope ihai 2025 will Lqually prove 10 be lun and rc'warding. Staffing To quote Charles Dickens. in many ways 20?4 proved to be "the besi of iiines and Ihe worst of times" for Stslng issues. It has been the worst of limes because in ihe lasi year key menibers of staff have been atyected by illness. bul it has been the best oftimes as those affecied are back at 'Ork. hopefully having) made a tull recoN'ery. F.ven in the worst limes il is blood to be able lo report there was a willinbjness. P14 rtilularly by the staff. but also by others lo be flexible. to take on extra lasks and b)enerally support whai is n(c¢sry lo LnsurL th¢ smo()Ih runninbJ of the ba¢ks)round op¢rations ol'tli¢ ¢hur¢h. N¢Le%sarily ther¢ has been a need to employ some abyency stsff lo Cover. and bTood as they have been. th¢y do brinbi home how well we are served by our slaff. The Church Administrator continues to brinby her considerable skills lo the role and in her 30 hour wLek has not just manabiLd lo maintain thL work ol. thL oificc but has enablcd probyrLss towards addressinby lonsi oN'erdue issues. As an example. her inlroduclion ol'a bookinby systein has broubyhi a degree ol. eLficiency and prolessionalism to our lellings which have neier been busier. The caretaking team conlinue to work together and liaise closely with ihe administrator to provide the church and ils tenants with a welcoming 0ersight. Cleaning work is outsourced and takes place earl! on weekday mornings. The Carelakers relain responsibilit! for the sancluary and tor any necessary "top up" required throughout the da). after use of the premises - sometinies a not inconsiderable task. They also proTr'ide N'aluable support lo the Property Committee including obtaining eslimates and ol'erseeing tradesmen. The Church Officer has expanded his role from simply that of Church Officer by taking on extra hours to assist with Morningside HO and is reported to be a welcome addition to the team.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Objects, Activities, Aehievements and Performance (eontinued) continues to perfonn with excellence the role of Pastoral AssisLqnt to the cong)reg)Lllion. in training. and in the work of Momingside Hope. She continues to work to secure additional funding toTh'ards the continued work of Morningside Hope. Some of the funding continues to be secured from a series of concerts 'hICh perfonn a double role of fundraising and hile beino "dementia triendly" are also enjojed by all of ihe large numbers of attendees. 'onlinues lo enjoy his role as Organist and Choinnaster. each year recruiting allu Ll£lllllIlbl LIIUl Store £4.691 2. Moming>side Parish Church £?.438 3. W14 shable Saniiary Pad Project £4.691 Total.. £11.8?0 This b¢inbY fundraisinby of £5.040 received in 2022 and £6.780 received in 2023. The further sum of £1.644 represents lundraisinb) efforts in 2024. There were more lunds raised by thL OulrLach CommillLC in latc ?024 which will be distribulLd io thL SUPPOrted charitiLS durinb, 2025. The tunds will be distributed in line with the usual parameters: The external charities recelve an initial sum of £1.500. Any further funds raised after these payments have been met are dislributed equally between ihe external charilies and Morningside Parish Church. Funding for 2024 came trom various sources. These included the weekly Sunday teas and coffees and coppers collection. Social and Outreach functions and Christmas Retiring Offerings.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Financial Review 2024 In 2024 Morningside Parish Church has several sources of incom¢. nam¢ly congregational offerings. hall rental income. grant income and invesimenl income. In 2024 congregational otTerings (Free Will OfTering and Open Plate) amounted 10 £129.835 resulting in a 9.5 10 increase on ihe 20?3 lee1 ot" 81Ing of £118.584. The lotAI figure can)e froin Free Will Ot7ering of £119.731 and £10.104 from ihe Open Plaie. The total congregational membership roll as al end December 2024 was 313 of which we could identify 195 active contributing members. An important source of income for ihe Church comes from the gift aid claimed on gift-aided offeringTS. and in 2024 this ainounted to £36.89) (20?3.. £?8.340) thanks to prompl claims lodgTed 'ith HMRC by the Free Will Offeringy and Gill Aid cOnener. Sundry Income. L7ills and donations comprised mainly donalions from members of congTreLyation. Re8lriLled donations recei.ed duringy ?0?4 included £il.73? restriLted d 'iiiber. ol'congFrLgyalion and oihL'rs tow'ards MorningTsidL I lopc Project. £648 froiii )i¥'ards Chrislinils TrL'Ls Lxhibilion. £6.8.)O Ir()In mLinbL'rs ol-thL LongyrLg¥ation 14, the choral scholarship lund. £796 towards new lables and £800 towards ihe giivingT campaigyn. The Kirk Session is very grdieful for all donations received during 2024. Income t.rom Weddingjs and Funerals during 20?4 amounied to £860 (2023- £2.995) shown as 'Charitable activities" on pagie ?0 of the Accounis. Rental income in 2024 for use of our premises in Church Halls amounted to £61.057 which represents an increase of 8.30/0 over the 2023 renial income of £56.36]. Invesiment income receiN'ed from dividends and bank interesi amounted to £29.891 in 2024. repre5entingT an increase 0.er the total In'eStMent income of £?8.694 received in 2023. Under'oiher trading? acliN-ilie5 (see note 3 of the Accounts on pagie ?6) congFregiational fundraising, eN'entS Such a5 a concert5 generaled a lothl of £2.624 (2023.. £2.184) thal includes £2.188 restricted doncltion5 from members of the ¢ong?regalion for choral Scholarship fund and £436 towards Moming5ide Hope Project.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Financial Review 2024 (eontinued) Total income for the y¢ar 2024 amounted 10 £385.546 (2023: £315.014). an overall increase of 22.4% over 2023. The tolal market value of ini'eslments held on behalf of Morningside Parish Church amounted to a tothl ot £761.557 as at end December ?0?4 (2023.. £8?5.386). The t,0 holdings were 59.514 units in the Church ot" Scoiland Inveslors Trusi (irowth Fund (value as at 31112124 £379.699) and 34.526 units in the Church of Scotland Investors Trust Income Fund (value as at 31112124 £381.858). "I'he largest elements ot.the Church's expenditure for 20?4 were our Giving to Grow contribution of £100.064 (?0?3.. £92.395). Siarr Costs £ l ? j.8)7 {2023= £108.132) allocaled as £57.567 within raising funds through use of premises and £68.290 to charitable actii'ilies. principally included in the lotal lor 'other salary cosls, £63.910 (?0?3.. £56.102F see note 6. pagTe 27. Org?an and Music 01'£23.376 (2023.. £21.281). Fabric Repairs and Mainlenance £45.352 (2023.. £48.328). The cost ot" rai5ingy funds througyh the use of our premises amounled to £l15.168 (2023.. £79.032). Total Expendilure t.or ihe year 2024 amounled lo £456.00? (2023.. £390.983). One-off expenditure ai Ihe Church and Church Halls duringF 2024 amounled 10 £16.678 (2023.. £21.477). With Income ot. £385.546 and Expendilure of £456.002 in 2024 there was an operating delicit of £70.456 t.or the year lo end December 2024. Afier g7ains on investments of £36.185 ihe nei delicit for the year was £34.271. At (he balance sheei dale the unrestricied reserves were £1.383.061 (2023.. £1.465.503) including desigJnated funds of £65.548 (2023.. £61.021) with £93.119 (2023.. £44.948) in restricted funds. Reserves Policy At 31 December 2024 the Church held three different types of reseTres. Set out below.. At the )'ear end. the Church held unrestricted general funds. excluding Buildings and Assels Reserves. amounting lo £668.534 (?0?3.. £750.674) of Th'hich £?09.457 represented a provision againsl approximately six months expenditure and £459.077 was retained for future developments. The Building5 Reserve stood ai £600.000 and the Asset reserve stood at £48.979. io

Morningside Parish Church Trustees. Annual Report And Aeeounts (tontinued) Year ended 31 D¢¢emb¢r 2024 Reserves Policy (continued) The church also held £93.119 {2023: £44.948) of restrictrd funds provided for the following purposes sCIfIed below. B¢n¢vol¢nt 9.650 Organ and Music 2.371 Flowers 35 Sunday Club 24 Fabric Fund 126 Audio System Mainienance 1,430 Choir Library Fund I,(M)O General Upkeep Fund 4,144 Pastoral Care and Outrcach Support 525 Morningsidc Hopc 17,937 Morningside Hope- Funds raised for year 4 52.792 Playlist for life fund 2,925 Giving campaign 160 93.119 The church also held £65,548 (2023: £61,021) of unrestricted designated funds provided for the following purposes specified below. Music Fund Organ Fabric Kirk Session Flowers Organisational Funds 3,041 6,395 32,853 5.646 3,831 The organisations for which funds were held included The Cradle Roll. The Wednesday Club and Thc Social Committee.

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Investment Poliey and Performanee The Trustees. investment policy is agreed and monitored by the ste,rdship & Ftnance Commitiee and endorsed by ihe Kirk Session. The Trusiees seek lo obtain equity and fixed interest income from investments in ihe Church of Seoiland Investors Trust. with a spread of assets allocated to the Investors Trusi Gromih Fund. Ihe IneStorS Trust Income Fund. and the Investors Trust Deposii Fund in suitable proportions io provlde a balanced portt.olio producing a rising income consisteni with long iemi capiial growTh. Ai end December 2024 the breakdO,n of investments held by Momingside Parish Church in ihe Investors Trust Funds was 49/0 in the Ini'estors Trust Groth Fund and 51 /0 in ihe Inveslors Trust Income Fund. While global stockmarkets have conlinued lo impacted by ihe hostilities in Ukraine and the Middle Easl. most markets delivered modest gains over the past year and as a result both the Growth and the Income Fund deliN'ered posiliTre returns. The COSIT Trustees continue to participate in the Church ot" Scotland F.thical ON'ersighi Cominittee ,hICh ivas established by the 2023 CJeneral A.ssembly with a i'iew lo deliningT and Inakin& public the Church"s investinenl values. Growth Fund The Growth fund. which is managyed by Newion Inveslmeni Managyemenl. is invested principally in L,lobal cquiliL'5 bul also has allocalions lo g,lobal bonds and altLrnalive invLslmLnts (such as holdingys in companics 'hICh spccialisc in rene.able cncrgy). It scL.ks lo proNidL invL811)rs with Trowth in capital N'alue 'hIle dislribulingy an element ol- incoine each year. In Ihe 12-Inonih period to 30 Seplember 2024. the Fund deliN'ered a iotsl reiurn of 13.0% which was Trery close 10 the equivalent 13.3 % return of ARC. Siead!. (ir01h Index which measures the performance ot-a largye number of charity ini'eslors. Ini'eslmenl perlomiance is constsnily kepl under review by the COSIT Truslees. Income Fund The Income Fund. which is managed by Royal London Asset Management. invests in fixed interest bonds both in ihe UK and globally and seeks lo proTride inve5lors with a high and sustainable income and lo prolect the long-terni nominal Tralue of capilal. In the 12-month period to 30 Seplember 2024. the Fund deliN'ered a total relurn of 12.77% which well outperformed 115 benchmark relurn of 9.720/0 . This fund has coniinued to deliver returns over the long7 terin which are better than that of the benchmark against which the Fund 15 jneasud. As at 31 st De¢emb¢r 20?4 the yield on the Ini-estors Trust Growth Fund was 2.120/0 and the yield on the In'L.%1()r5 Tru%t IncDme fund w&5 4.97Q/o. 12

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Plans for Future Periods Hopefiully. MominbJside Parish Church looks forward in ?025 and be)'ond. to ¢onlinuing and ind¢¢d t"uriher d¢i'¢loping th¢ wide Tang¢ of worship and with¢SS already report¢d on above. A key area of uncertainly for the tulure relaies io the finalisation of proposals. trom the Presbytery of Edinburgh and West Loihlan. Ihai the congregaiions of Momingside. Greenbank and Fairn]ilehead should fonn a new supportii'e eollaLN)raiion '1th 2 raiher than Ihe 3 tull time minisiers ot Word and Sacrameni. Originally PresbJier> s prowsals had incliided in the group. the congregalion of St John's Colinlon Mains Parish Church but after months of infonnal discussion Presbytery has agreed to their request thai ihey should join another grouping. The cluster of the remaining congregaiions have informal link's already in existence but the Presbytery envisage there should be a reduciion to ? congregations. For some time. discussions have been undenvay as lo a possible union between Mornin8side and Greenbank and how such a union mib)ht operale but as yet no definite proposals have been worked out. However. there is already much synergy in the work undertaken by both Morning7side and Greenbank and wheihcr as a singyle congiregFalion or in a new larL7er unit there is likely to be a continuation and possible dei'elopmenl of many aspects ofthe work currently undertaken. For example. it is likcly thai the live streamingi of services will continue. allowingl increasin numbers lo participale in a live experience of worship although not able physically lo allend Church. It remains ihe case lewer people cary cash. and while many make their reg)ular g?iving by Bank StandingF orders. Ihere are occasions when addilional gIIng? is needed io pay for tickets or collee or a reliringj oflering, for a special cause. -llJe introduclion of Conlaciless payment machines has been accepted and are widely used- although cash is still Trery welcome. There has been an increased use of the premises both for church focused and community activities a trend which it is hoped w'ill continue. The introduclion of new technology in the shape of 'Hallmaster ha5 enabled greater efficiency in halls lelting and where appropriate feeing. It 15 anticipated that in 2025 the Annual Aulumn leclures will once again be held in collaboration with our neighbour5 at Greenbank and that ihere iN"ill be a return of Speak'er Suppers which have proved popular and an opportunily to Ineel oN'er dinner and learn from different speakers. Coffees after Sunday service5 will continue to provide on a regular basis an opportunity for f¢ll0Th'ship. both for exi51ing? members and Tri5ilor5. Once ag7ain. the Social coinmittee will offer 5p¢cial tr¢at.% al Easter and ai Chri51mas and organi5¢ Oth¢r special ¢v¢nts such as a return of thc p()pular Summer Lunch. Funds raised by ew'enls orgyanised b). IhL Si)cial and Oulrcach committees are shared bLtween the church and 2 external chariiies - The Edinburgh Cloihing Siore and since January 2024 a new. charity t.or us called "The Dai'id Nott Foundaiion The fom]er ofTers free clothing. bedding and towels to the most needy in the community who have been referred by a wide variety of caring 13

Morningside Parish Church Trustees. Annual Report And Aeeounts (tontinued) Year ended 31 D¢¢emb¢r 2024 Plans for Future Period5 (eontinued) agencies. It is staffed entirely by volunteers. a significant number of whom are members of Morningside. Th¢ latter is a humanitarian organisation motivat¢d to sav¢ the lives of the m¢di¢al victims of human conflict and natural ¢atsstroph¢ by upskilling the local do¢lors who care for them. Sadly. the need for such medical skills can be seen regularly in the news. The Pastoral Care Committee. resourced by the Pasloral Assislant. has secured the nexessary funding and will Continu¢ lo d¢v¢lop und¢r th¢ banner of Morningside HO a range of ¢v¢nts to r¢ach out lo those who hav¢ a diagnosis of dementia and th¢ peopl¢ who care for them. Th¢ ¢v¢nts use exClS¢. art and music to ¢nhance their lives. It also r¢a¢h¢s oul to mcmb¢rs of the congregation and the wider community. A very welcorne bi-product of Morningside Hope is that they organise a wide range of excellenl gular concerts Sulble for people living with dementia but ¢njoyabl¢ by all. Thcs¢ conccrts ar¢ opcn to th¢ publi¢ and rais¢ funds for th¢ projcct. A programme of concerts for 2025 is in planning. Through its Kirk Session Committees, the congregation continues to plan for the future. Progress will be needed to resolve the challenges set by the proposed grouping with Fairniilehead, and Grccnbank to cstablish how thc thrcc churchcs will work togcthcr on sharcd projects and ensure that there is a coherent and non4luplicative ministy (o this part of Edinburgh. Generally, it is planned not only to conlinue established activities but to look for new ventures to enrich the life of the congregation and community. Strueture, Governance &Dd ManagemeDt Governing Documenl The Church is administered in accordance with the tern of the Unitary Constitution. Recruihpwnl andAppoinlmenl of Trtte3 Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered io have the appropriate gifts and skills. The minister, who is a member of the Kirk sessio is elecled by the congregation and inducied by Presbytery. Induction and Tralnlng of Trustees Procedures are in place for the trdining of Trustees in areas of responsibility, for example in volunteer roles involving conlact with children andlor vulnerable adults where PVG (Protection of Vulnerable Groups) clearance is required and applied for through Disclosure Scotland. Compliance with guidelines Sel out by the Church of Scotland 15 a requirement of the Trustee5 and is communicated through the Kirk Session and individually to Trustees by en]ail or hard copy, for example compliance with the Bribery Act as set out in the Morningside Parish Church Guidance Notes on Bribery and Procurernent Policy. 14

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Structure, Governance and Management {continued) Organisalional Structure The Kirk Session is responsible for spiriiual and iemporal afTairs 'ithIn ihe church. It nonnally meets for business nine limes a year. The Kirk Session has a number of standing eommittees tl]at help with the more detailed adminisiraiion ot the congregaiion s life. but all decisions on policy remain the responsibility of the Kirk Session. Wider nehvork Momingyside Parish Church is part of Ihe Church of Scotland Presbyiery of Edinburg)li and West Loihian. and as such enjovs Ihe suppori ot" a sirong local as ¢11 as a national neIork for rul¢s and guidance on struciure. govemance and managemeni. Risk Management The .1 ruslees haN'e assessed Ihe major risks to which the church is exposed. in particular those relaled to the operalions and finances of Ihe church and are salisfied ihat systems are in place to milibFate any exposure lo the major risks. The finances of the Church are oN'erseen by the Stewardship & Finance Committee on a rebFular basis and reported to the Kirk Session. There is a Healih & Salety Commillee. a PVG (Protection of Vulnerable Groups) Coinmittee t.or compliance and training. Data Proteclion compliance complete wilh a Data Protcclion Oflicer. and a Bribery and Procurement Policy in place. all reportingp to the Kirk Session on a reglular basis. The Kirk Session has identilied three key area of risk for close risk managiemenl as follows.. FRAUD RISK.. in order to minimisL e.¥posure lo fraud. cash handling7 always requires a inininiuin ol. two pLople presenl wilh counlersig?nalures. and there are onl>. two authorised sigynatories (the Treasurer and the Church Accountanl) at preseni for making outgoing pajrnenls such as invoices and expenses. All possible sleps are laken lo ai'oid scam frauds and bank details are only accessible by the two sigynatories with sel'eral layers of security including unique access codes t.or each sign- on to the Church bank accounts. HEAL'I'H AND SAb E'l'Y- as diclaled by the regulations. fire drills for evacuation are organised for the Church and the Church Halls at regular inleTrals. and food hygiene courses and certificates are mandalory for those handling foods for social e.ents. PROTECTING VULNERABLE GROUPS (PVG SCHEME).. all elders and pastoral visitors in contact with children and vulnerable adults must hae membership of the PVG Scheme. In addition. all men]bers of Morningside Parish Church staff are required to apply for clearance heck from Disclosure Scotland to confirm identity. nationality. current address and 5 year addre55 history. 15

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Referenee and Administrative Information Chariiy Nam¢: Morningside Parish Church Chariiy Registration Number.. SC034396 Congregation Ret"erenee No.. 010069 Contact Address: The Church Ofyice 2 Clun). (iardens Edinburgh EH10 6BQ Trustees Members of the Kirk Session: 11 Minister: Vcry Revd During the )'ear to Deceniber 2024 and up to ihe date member of the Kirk Session. resioned and M"0 others. approR"iiq lid lied. Session Clerk.. chUh Treasurei.: 16

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Referenee and Administrative Information (eontinued) Inde endent Examiner IiilelaH' Wells Independent Examiner 9 Ainslie Place Edinburgh EH3 6AT Bankers Roj'al Bank of Scotland plc Bank of Scotland plc 426 MorningTside Road Edinburgh r..H l 0 5QF Investment Manager ThL ChurLh c)I' SLoiland Inveslors Trusl 121 CJL'()rg¥L StrL'et Edinburgh EH2 4YN 17

Morningside Parish Church Trustees, Annual Report and Aecounts (continued) Year ended 31 December 2024 Statement of Trustees, Responsibilities The charitv trustees are responsible for preparing a truslees, annual report and ftnanctal stalemenlg in accordance with applicable law and Uniied Kingdom Aeeouniing Standards (Uniied Kingdoin Generally Accepted Accounting Practice). The law applicable to charilies tn Seotland requtres the eharity trustees to prepare financial statements tor each year which show a irue and fair Niew ot"Ihe slate ot atTairs ot the chariiy and of the incoming resources and applicalion of resources of the charity for thai period. In preparing the tinancial stalements. the truslees are required io.. select suitable accounting policies and then apply ihem consislently. obserN'e the methods and principles in ihe applicable Charities SORI) make jud&iements and eslimales thal are reasonable and prudent. slate whether applicable accountingT slandards and slalements of recommended practice have been followed. subject lo any material departures disclosed and explained in the financial slalemenls. and prcpare the financial statements on ihe gyoingi concern basis unless il is inappropriate lo presume that the charity will continue in operational existence. The truslees are responsible for keepinL proper accounlinLi records which disclose with reasonablc accuracy at any lime the linancial posilion of the charity and to enable thein to ensure Ihal the tinancial slalemLnls comply w'iih ihc Charitics and Truslcc In'LS1rncnt {Scoiland) Acl 2005 and thL Charitics Accounls (Scotland) Rcgyulations 2006 (as amLndcd). 'I'hcy arL also rL'sponsiblL lor saleLFuardingy the asse15 01- the charity and hence lor takingy reasonable sleps lor ihe prevenlion and detection of fraud and other irregiularities. The trusiees are responsible for the mainienance and iniegrity of the charity and financial information on the congyreg?ation's '¢b5]te. Legiislalion in the Uniled Kingdom g?oTrerning the preparation and di5seminalion of financial slalements may differ from legislation in other jurisdiction5. Approved by the Trustees on I l March 2025 and Signed on their behalf. Very" Rei il 18

Morningside Parish Church Independent Examiner's Report to the Trustees of Morningside Parish Church Year ended 31 December 2024 I report on the accounts of the charity for the year ended i l Deceinber 2024 set out on pag7es 20 to 36. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparalion of the accounts in accordance with the terms of the Charities and Truslee InN-eslmenl (Scotland) Act 2005 and the Charities Accounts {Scotland) Reg7ulalions 2006 (as amended). The charity trustees consider that the audit requirement of Regulalion 10( I ) (a) to (c) of the ?006 Accounts Regulations does not appl).. Li is my responsibility to examine ihe accounts as required under section 44{1) (c) of the Act and 10 State 'hether particular mallers ha'e come lo my attenlion. Basis of independent exydminer's stydtement My. examination is carried out in accordance wilh Regyulalion I l of the 2006 Accoun15 Reg¥ulalions. An examination includes a rei'iew of ihe accountingy records kept by the cliarity and a compari50n ot.thc accounts prcscnted with those rccords. li also includcs consideration ol. (Iny unusu(il ilLms or disclosurcs in thc <iccounls. (ind sLcks Lxplan(Ilion4 fri)m ihL IrustL'LS conLL'rning¥ (iny such mallL'r%. The proLLdurL's undcrtakL'n do nol providL' (Ill thL L vidLnLL thai w(iuld bL rL'quirL.d in an audil. and consL'quL'nily I do not ciprL'ss an audil opinii)n on tIIL VIL w iven by the accounts. Independent examiner's statement In Ihe course ot. my examination. no mailer has come io my aiienlion which gjives me reasonable cause to believe thai in any maierial respeci the requirements- to kcep accounting records in accordancc with Seclion 44{1) (a) of the 2005 Act and RLg'ulation 4 01. the ?006 Accounts RLgulalions to prcpare accounts w'hich accord wilh the accounling records and comply with Regiulation 8 of the 2006 Accounts ReL)ulalions have not been met. or 2. to which. in my opinion. alteniion should be drawn in order to enable a proper -FStiniqinrr iif th- counts lo be reached. Chartered AccounLqnt 9 Ain51ie Place Edinburgh EH3 6AT 19

Morlli side Parish Churc Year ended 31 December 2024 No¢e Unrestri¢ted Restricted Funds Fynds 2024 2024 Total 2024 To¢#1 2023 In¢ome Endowments from: Donations and l¢gacies Charitabl¢ a¢livili¢s Other trdding activities Investhienls Oth¢r 196.012 860 61,057 29.891 91.986 287.998 860 63.681 29.891 215.380 2,995 58,545 28,694 2.624 290 936 385 546 315 014 Ddlture on: Raising funds Charitable activities Total Ex tlldlture 115.168 303.746 418914 115.168 340.834 456 002 79.032 311.951 390 983 37.088 Net gln8 on Investments 35.902 283 36.185 46.344 Net (expendlture)I Income (92.076) 57,805 {34,271) (29,625) Transfers between fundj 14 9.634 (9.634) Net movemeD¢ In fuDd$ (82,442) 48,171 {34,271) (29,625) Re¢on¢llla¢lon of fuDd$: Total funds brought fonvard Total funds carried forwrd 465.503 383.061 1510451 1476.180 1540 076 1510.451 14 The church has no recognised gains or losses other than ihe results for ihe year as sel out at&)ve. All of the activities of the church are classed as Continuing. The notes on pages 22 10 36 forn) part of the financial stslements. 20

Mornin side Parish Church Balance Sheet At 31 Deeember 2024 2024 2023 Note Fixed Assets Tangible Fixed assets Investmenis 618,979 761,557 653,808 825,386 1.479.194 1.410.536 Current Assets Debtors 12 18.969 20 11.019 20 Deposits- Church of Scotland Bank and ¢a5h 43,405 54.444 85.818 Crediiors Falling due within one year 13 23.187 Net Current Assets 65,644 1,476.180 31.257 Net Assets .510,451 Unrestricted Funds 14 General funds 668.534 750.674 600.000 Buildill&J% Reserve ASS Reserve 48.979 65.548 53.808 De5i&ynated funds 61.0?1 1.383.061 1,465.503 44,948 Restricted Funds 14 Totxl Fund5 15 1.476.180 1510.451 The accounts were approved by the Kirk Session on I l March 2025. For and on behalf of the Kirk Session.. 5¢55ion Clerk "rreasurer 21

Morningside Parish Church Year ended 31 December 2024 Aceounting Policies The principal accounting policies, ii."hAch have been applied consistentlv in the current and preceding year in dealing with ilems Considered material lo the a¢¢ounts. are set oui b¢loM'. Basis of preparation The a¢¢ounts have been prepared under ihe hisiori¢al cosi Coni'eniion ivith items recognised ai cogl or iransaction value unless oiherwise stated in ihe relevant notes to ihese accounts. The accounts have been prepared in accordance M'itli Accounting and Reporting by Charities.. Statement of Recommeiided Practice applicable to cliarities preparing tlieir accounts in accordance with the Financial Reponing Standards applicable in the UK and Republic of Ireland IFRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I O?}. the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as aniended). The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties alK)ut the charity's ability to continue as a going concern. Ineome reeognition InL()me is reLI)g?nised when the charilv has entitlemenl to the funds. any perfoniiance eondilions att<1Llied to the itLm(s1 of income liavL. been met. il is probable that Ilie incoiiie i¥ill he received. aiid the amount Can be measured reliably. Expenditure reeognition All expendilure is included on an accruals basis and is recognised when ihere is a legal or constructive oblig?ation to plly for expenditure. All costs liave beeii directlv attributed to one of the fuiictional categ?orie5 of resource5 expended on the SOFA. The Charity is noi registered for VAT and accordiiigly expendilure is shown gr055 of irrecoverable V AT. Charitable expenditure coniprises tliose costs incurred by ilie charity in deliNery of its activities and services. Costs of raising tunds are those costs incurred in attracting voluntary income. 22

Morningside Parish Church Year ended 31 December 2024 Aceounting Policies (continued) Tangible fixed assets The ¢harily has the right to occupy and use for its charithble objects ceriain tangible fixed assets vested in the Chur¢h of Scotland General Trustees, Comprising the Church and the Church Halls. Locally held tangible fixed assets, including the Manse, not vested in the Church of Scotland General Trustees. are included in these accounis at deeii)ed cost deriijed from valuation. It was not considered necessary to obtain professional valuaiions of ihese buildings. The Trustees based their valuation of these buildings oil local Knolvledge and based the valuation of tlie Manse on recent selling prices of properties in the same area. Expenditure iiicurred on the repair and Inaintei)aiice ot- these assets is harged as expenditure in the statemenl of financial activities in the period in whicli the liability arises. Conimunion Silver is the other class of asset included at deenied cost derived froin valuation. In 2008. the Trustees obtained a professional valualion of communion silver from James Walk¢r. All tangyible fixed assets having a value to the cliarily ¥reater than one year. other than those acquired for specitic purposes. are capitalised. The capilalisalion threshold is £l.000. Finance costs directly attributable to the construction of iangible fixed assets are capitalised as parl of the Lost of these asseis. Plant and Equipment is included at cosi. and depreciaiion is provided on a straigFhi.line basis io wriie otl. thL Cost or iiiitial ialLie. less residual value. of plant and equipment at the followiiig aniiual rates OVL'I their estimatLd useful lives.. Plant and mthchinery 2/ The locally held buildings and communion silver are noi depreciated. The Trustees consider that these a55els ill. al ivorst. niainlain iheir present values over time so thal Il)eir esiimaied residual values will be no less ihan current valualions. Where the recoverable amount of a iangible a55el is found io be below. its net book value. the asset is written down to its recoverable aniount and the loss on iinpairment is charged as part of charitable aclivilic5 W'ithin Ihc slatemcnl of financial activitie5 in the year. 23

Morningside Parish Church Year ended 31 December 2024 Aceounting Policies (continued) InN'estmellts Investments are a fonn of basi¢ finan¢ial instrumeni and are iniiiallv recognised at their transaction value and subsequentl). meiisured at their fair value as at the balance sheet date using the closing quoied market price. The staremeni of financial a¢riviiies includes lh¢ n¢t gains and losses arising on revaluation and disposals throughout the year. The charity does not acquire put options. derivatives or other complex financial instruments. The main form of financial risk faced by the charity is ihat of volatility in equity markets and investn)ent markets due to w'ider economic conditions. the attitude of inillestors to investment risk, and changes in sentinient concerning equities and within particular sector5 or sub sectors. Taxation Morningside Parish Church is rccogniscd as a charity for the purposes of applicablc taxation leg?islation and 15 therefore not subject to taxation oli its charitable activities. l-hc Lharity is not reg?istLrLd for V A T and rL'sources expcnded therefore include irreLoverable input V A T. Funds Funds are classified as eitlier restricted funds or unrestricted funds. defined as follows.. Restricted funds are funds subject io specific requirements as to iheir use. but Slill wiiliin the wider objects of the cliarity. Tlie specific requireinenis as io use may eiilier be declared by ihe donor or with the donor's auihorily or be created through legal processes. Unrestricted fund5 are expendable al tlie discretion of the trustees in furtherance of the objects of the cl)<1rily. If parts of tlie unrestricted funds are earinarked at ilie discrelion of the truslees for a particular purpose, Iliev are designated as ll separate fund. Sucli designation has an administrative purwse 01)ly ai)d does not legjally restrict tlie truslees discrelioii to appl). the fuiid. Transfer5 between funds are made on the autliorily of il)e Kirk Session (General Fund) or at the discretion ot. leaders of congregalional organisations in accordance with each orgai)isation's structure (restricted fund5}. Leased a53et5 A l¢as¢ is cla55ifi¢d a5 a financ¢ l¢asc if it Iransf¢r5 substaniiallv all th¢ Tisks and r¢ivards incid¢ntal to owncrship. All oihcr Icascs arc cla55ificd as opcrdling Ica5C5. Opcrating Icasc payiiicnts arc re¢ognis¢d as an ¢xpens¢ on a 51Taighi-line ba515 over lh¢ lease temi. 24

Morningside Parish Church Year ended 31 December 2024 Aceounting Policies (continued) Financial instruments Financial inslrumenis comprise financial asseL8 and financial liabililies ivhi¢h are re¢ogni%ed ¥vhen the charity be¢omes a party to th¢ ¢ontra¢rual provisions of the instrument. Finan¢ial instruni¢nts ar¢ classified as "basic" in accordance H ith FRSI O? and are accounred for ai amortised cost using the effective interest method. The effective interest rdte is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrving amount on initial recognition. Discounting is not applied to short-tem] receivables and pai'ables. here the effect is immaterial. Financial assets comprise cash. trade debtors, other debtors and accrued incom¢. Financial liabilities comprise bank overdrdft, loans, trade creditors, other creditors and accruals. 25

Morningside Parish Church Notes fonnin£ part of the fancIal statements for the year ended 31 De¢¢mb¢r 2024 TotAI Tot*1 2024 2024 2024 2023 Donations and lega¢i¢s Offerings T&x recovered on Gift Aid Grant Income ttg¥ies Sundry Income. gifts & donations 129.835 30.766 129,835 36.895 43.051 i 0,000 118,584 28,340 28.545 6,129 43,051 10.fM)O 287 998 215 380 Income from doDalions and legaci¢s was £287,998 (2023.. £215.380) of which £196.012 was unrestricted (2023.. £171,810) and £91.986 was restricled (2023: £43.570). Ineome from ¢harilabl¢ a¢tiviti¢s Weddings and Funerals 860 860 860 860 Income from charitsble aciivities was £860 (2023.. £2,995) of which £860 was unrestricted (2023: £2,995). Other trgding activiti Use of Premises Fundraising events 61.057 61,057 56,361 Income from otheT trading activities was £63.681 (2023.. £58.545) of which £61.057 was unrestricted (2023.. £56,361) and £2.624 (2023= £2.184) was restricted. Inveslmenl intome Dividends received Bank interest 28.750 28.750 28,139 555 29,891 29,891 Investment income was £29,891 (2023: £28.694) of which £28.891 was unrestricted (2023: £28.694). 26

Morningside Parish Church Notes formin% part of the finaneial statements (continued) for the )'ear ended 31 December 2024 Unresirieled Funds Reslritled Funds Total Total 2024 2024 2024 2023 5 Other income Insurance claim 3.116 3.116 9.400 Other income was £3,116 (20?3.. £9.400) of ivhich £3,116 (2023= £9,400) was unrestricted and £nil (2023= £nil} Ivas restricted. 6 Analysis of Expenditure Raisin¥ funds Use of Premises 15.168 115.168 115.168 79,032 79.032 Charitable Activities Giving to Grow Contribution Presbyt¢ry Dues E¥pen.8es of Ministry ljulpii %upply Oth¢r salary ¢05ts Fabrii R¢pairs & Maintenance Council 'fa¥ Other Building>s Costs Church Ollice Expenses Org<ln & Music AcLI)unt<1llLy Fees Professional fees Flow¢rs oilicr Expcnses Bank chargves and interest Depreciation 100.064 2.131 4,130 100.064 2.131 4,130 92.395 1.831 2.93? 50 63.910 43.908 63.910 45.35? 2.796 22.736 6.603 23.376 17.130 324 2.632 41.081 1.220 4.829 56.102 48.3?8 2,721 13.668 7,376 21.281 16.230 25 ?,977 36,040 1.073 6.522 1,444 22.736 5.964 13.376 17.130 324 2.436 16.?72 1.220 4,829 639 i 0.000 196 ?4,809 Governance costs.. External scrLItiiiv'. Independent examinalion lee 2.520 2.520 2.520 2.400 303.746 340.834 311951 418.914 37.088 456.002 390 983 Expcndilur¢ on raising funds m.as £115,168 (2023= £79,032) of ..hICh £115,168 was utirc5trictcd (2023.. £79.OJ_) and £nil ivas rcstrictcd (?023.. £nil). 27

Morningside Parish Church Notes formin% part of the finaneial statements (continued) for the )'ear ended 31 December 2024 6 Analysis of Expendilure (continued) Expenditure on Charitable activities ivas £340,834 (2023.. £311.951) of ..h1¢h £303,746 was unrestricted (2023.. £279.238) and £37.088 ilas restricted (2023-. £3? 713). 2024 2023 7 Staff costs and numbers Salaries and ¥vag¢s Social security Costs Pension eosis 117.648 4,?44 3.965 102.095 2.628 3,409 Total 125.857 108.13? No employee had employee benefils more ihan £60.000 (2023.. none). The average number of employees during the year, calculated on the basis of a head count, 'aS as follows.. 2024 2023 Ministerial support Adiiiinislralion Musi¢ siaff Preniises maintenance All Chur¢h of Scotland congregations contribule lo the National Stipend Fund wliich bears the costs of all Ministers, s1ip¢nds and emplov¢r's coniribuiions for nalional insuranLe. pensic)n and housinLy and loan fund. Minist¢rs' slip¢nds are paid in ac¢ordan¥¢ w.ith lh¢ nalional stipend scale. h1¢h is r¢lal¢d io years of sln'iii.. for thl vear und¢r r¢i'i¢th" the minimum slip¢nd was £31,64? 120?3: £30,135) aiid tlie maximum stipend lin ih¢ fitlh and subs¢qu¢nl y¢ars ofs¢rn'ic¢) was £38.884 (2023.. £37,032). The charity operates a defined Contribution pension s¢h¢me on behalf of its emplo)'ees. Th¢ schem¢ and its assets are Iield by independent managers. The pension cliarge represenls conlribulions due from ihe Charity and amounted to £3,965 (2023.. £3,409) in Ihe year. Ai Ihe year end an outslanding balanc¢ of £nil (2023= £438) was owed to the scheme. 28

Morningside Parish Church Notes fonnin£ part of the fancIal statements (tontinued) for the year ended 31 De¢¢mb¢r 2024 8 Trnst¢e Remuneration and Rclated Party TraDs*¢tions Very Rcvd £3.165 (20 ¢ Minister. received expenses, including car and phone expenses, of C'ouncil Tax of £2.796 was paid by the Church (2023.. £2.721). Other than the ¢osts of ministry sei out above the aggregate amount of Tntee Remuneration in the year is £nil (2023.. £nil). During the year 2024 a total of £37.801 could be identified as being donated to the congregation by Trustees (2023: £42.282). 9 Tangible Fixed Assets Cornmunion Silver PlaDt & Equipment BuildiDgs Total Cojt Ai l January 2024 Additions 600.000 41.219 45.214 686.433 At 31 December 2024 686 433 DepreeiAtion and impAirnientJ Ai l January 2024 Depreciation charge 32.625 4,829 32,625 4,829 Ai 31 December 2024 1¥4et Book value At 31 December 2024 At 31 December 2023 653 808 29

Morningside Parish Church Notes fonnin£ part of the fancIal statements (tontinued) for the year ended 31 De¢¢mb¢r 2024 Tangible Fiied Assets (eontinued) The buildings and mMuni0n silver ave carried at deemed Cost derived from valuation. The Trustees have b&s¢d their valuations of the buildings on their knowledge of local market conditions. The valuation of th¢ Mans¢ was based on recent selling prices of pr In 2008. the Trustees obiained a professional valualion of communion silv¢r froni io Analysis of Buildings An analysis of building valuations is set out below: 2024 2023 Manse 600,000 600,000 600 000 600.000 li Investments 2024 2023 Market value at l January 2024 Additions al cost Disposals Realised gain l {loss} on investments Unrealised gain l (loss) on investments Mark¢t valu¢ ai 31 D¢c¢mber 2024 825.386 809.048 (100,014) (30,006) 1,429 44,915 825 386 36,185 761557 Investments al cost 690 707 The following investments are held: 2024 2023 Church of Scotland Growth Fund Church of Scotland Incom¢ Fund 379,699 381858 761557 396,971 428415 825 386 All investments arc UK investments. 12 Debtors 2024 2023 Hall Renlals 2,167 95 18,969 11,019 30

Morningside Parish Church Notes fonnin£ part of the fancIal statements (tontinued) for the year ended 31 De¢¢mb¢r 2024 13 Cmlitors 2024 2023 Trnde creditors A¢¢nlS Special Collections TtiOn and social security Oih¢r credAtors 3,676 11.645 1.644 2.132 1,077 20,174 5.378 11.301 3.789 1.931 788 23,187 14 Movements ID FuDds Im¢om¢ Expt•dits GaiThs on i•vestm¢nts TraThsf¢rs Ixtr¥ttn funds At31 Dee 2024 A¢lJa 2024 Restrleted funds Benevolent Funds Flower Fund Capitsl Organ arKI Musi Sunday Club Fabric Fund Audio System Maintenance Choir Library Fund Go For It Furtd General Upkeep Fund Pastoral C4re Momingsid¢ Hope Momingside Hope- Funds raised for year 4 LPWS Fund Playlist for life fund New tables fund Giving c8mp8i8n Chrislmas Tre¢ Fesiival 10.414 228 3.062 {l.c) (196) (10.tXVJ) 236 9.650 35 2.371 24 126 1,430 I,OLN) 9276 33 126 1,430 855 4.144 525 9.479 (855) 4.144 525 17.937 28,603 (20.145) 13,6T2 41.039 9,634 3,814 796 8(Kl 648 (1.919) 52,792 (9.634) (889) (796) (640) 648 2,925 283 fR Benevolent Fund5'. These are fid5 to assist tM)or or disadvantsged people, especially those within the parish. Flower Fund5.' These are fimds to PTovide flowers for display during services of worship. Organ and Mu51¢ Funds.. These are funds to contribute to the organ and music ¢05ts incuTred. Sunday Club Fund.. This is a fund to meel costs incurred by the Sunday Club. Fabric Fund.. The Restricted Fabri¢ Fund was established in 2018 to identify fabri¢ (masonry) work on the Church building carri¢d out and paid for by th¢ Church but refunded from the Consolidated Fabric Fund held by the Church of S¢otland General Trustees on behalf of the ¢ongr¢galion. 31

Morningside Parish Church Notes fonnin£ part of the fancIal statements (tontinued) for the year ended 31 De¢¢mb¢r 2024 14 Movements in Funds (tont'd) Audio System Maintenance Fund: This fund is to be used to meet the costs of the maintenance of the audio system. Choir Library Fund: This fund is to be used to meet the costs of the maiDfrnance of th¢ choir library. Go For li Fund.. This fund r¢pr¢s¢nts a Church of S¢otiand grant awarded for a demenlia prOjt lasting on¢ year from grant drawdown dat¢. General Upk¢¢p Fw]d: This fuDd is to be used ID the g¢n¢rai maint¢nan¢¢ of th¢ Chuwh prop¢tty in¢luding gardening and ¢l¢aning costs. Pastoral Care.. This Fund is to Et used for Pastoral Caff ¢05ts including appropriat¢ Iraining for volunteer p&4toral visitors and any ancillary costs incurred. Morningside Hope.. Morningside Hope is the umbrella name applied by Morningside Parish Church for th¢ deM¢ntifrl¢ndIY so¢ial care proj¢¢ts being mad¢ wssibl¢ by th¢ g¢n¢rous grant r¢¢eiv¢d from TOR Christian Foundation and the additional funding from the church itself. It will run initially for 3 years with the hope that further funding will be secured thereafter. Morningside Hope- funds raised for year 4: Funds raised by Momingside Parish Church in 2024 and previous years to be ring-fenced and deferred for year 4 of the project. LPWS fund- This r¢stricted grant was r¢c¢iv¢d from th¢ Listed Pla¢¢s of Worship Schem¢ in order to cover the VAT incurred in relation to eligible ex[ndIture. During the year £9.634 was transferred from this fund io unrestrickd generdl funds in relalion to the reimbursement of VAT incurred. Playlist for life fund- creating individual playlists of musical tracks for those living with a diagn051S of dementia; to the things we can offer within the Morningside Hope Project. New tables fund- Ihis was monies raised al the monthly Jam and Baking and Making Sthll to enabl¢ the congregation to buy new iables for the Church Halls. Giving Carnpaign this was ihe 2024 appeal io members of the congregation to review and if possible increase their giving to the Church. Christmas Tree Fesliv81.' sponsorship donated by William Puryes Funeral Directors for the Christmas Tree Festival held in the Church in December 2024. Rtstrieled funds Exp¢*ditsrt Tnnsf¢rs behve¢n nds A¢ 31 Det 2023 2023 Benevolent Funds Flower Fund Capiul Organ and Music Sunday Club Fabri¢ Fund Audio System Maintenance Choir Library Fund Go For It Fw]d General Upkeep Fund Pastoral Care Morningside Ho Morningside Hope- Funds raised for year4 Chri51mas Tr¢¢ Festival 10,192 527 2,850 222 10,414 228 3,062 13 126 1.430 I,O(K) 855 4,144 525 9,479 (302) (9,110) 9291 31 126 1.430 855 4.144 525 3.527 28,545 (22.593) 6,402 7270 648 13.672 708 267 32

Morningside Parish Church Notes fonnin£ part of the fancIal statements (tontinued) for the year ended 31 De¢¢mb¢r 2024 14 Movements in Funds (tontld) Transfers between fuDds AtlJn 2023 (Losses) on investmeDts At31 De 2023 In¢ome Exptnditsr¢ UnT¢s¢ri¢¢¢d iksigD¥Jitd Funds" OrgaDisations:. Crddle Roll 61 (58) (1.635) (9264) Wednesday Club Social Conimittee 273 2.463 11.667 5.134 7.537 Other DesigDted FuDds:_ Flower Fund 3,328 32.853 5292 2.899 9.LKII 2.943 (2,675) 3.596 32.853 5.463 2.968 7.5(M) Fabric Fund Kirk Session 171 Musi¢ Fund Organ Momin8sid¢ Hope Project- Fundin8 for MPC pasloT81 8S5iStanl additional hours Tothl of DeJign•ted General Funds:. (1.955) 454 6.198 (6,198) 58,841 23271 (21.785) 694 61,021 BuildinBs Reserve 6CKI.(M)O 53,808 750,674 60J30 789265 (6.522) (329,963) General Fund Totsl ofGenernl Funds unrestri¢¢ Funds (above) Restricted Fun& 245.989 45,383 1,449,595 245,989 (336.485) 45,383 1,41)4,482 IJ08.436 269260 (358,270) 46,077 .465.503 (wfj 31.640 45.754 (32,713) 267 44.948 Total fuDds .540.076 315,014 (3W.983) 46.344 ,510.451 Organisalions: Their purposes are described in the Tntee5, Annual Report (.bjectIveS and Activili¢s"). Fabric Fund.. Th¢ Trustees hav¢ set &sid¢ funds for th¢ maintenan¢¢ of the charity s prop¢rti¢s. Kirk Session Fund.. The Trust¢¢s hav¢ sel asid¢ funds to &ssisl POOT or disadvantaged people. Organ and Music Fwid: Th¢ TTUSt¢¢s have set &sid¢ fimds for th¢ PUTchas¢ and maintenan¢¢ of organ and music r¢sourc¢s for us¢ in worship. Flower Fund.. These are funds lo provide flowers for display during services of worship. Building R¢s¢ry¢ and Ass¢1 R¢s¢rv¢'. Th¢s¢ ar¢ fvnds r¢pr¢s¢nting the n¢1 book valu¢ of th¢ r¢l¢vant rixed assets. Morningside Hope Project- Funding for MPC pastoral a5SiStant additional hours.. funds required to Tun Ihe project- i.e. in addition to her nornial pastoral duties for the congregation. 34

Morningside Parish Church Notes fonnin£ part of the fancIal statements (tontinued) for the year ended 31 De¢¢mb¢r 2024 15 Anatysis of Net Asscls Bctwecn Funds 2024 G¢n¢rl D¢sign8ted R¢stri¢t¢d Total Fixed Assets Investments Net Current (Liabilities) I Ass¢t5 648.979 749.684 648,979 761.557 8.579 3.294 65.644 1476 180 Net assets 131 Det 2024 317.513 Anatysis of Net Agsels Between Fundj 2023 G¢n¢r•l D¢sigDgt¢d Restri¢t¢d Total Fix¢d Assets Investments Nel Current (Liabilili¢s) I Ass¢ts 653,808 812,973 653,808 825,386 8,969 3.444 Net assets At 31 Dec 2023 1404 482 510451 16 Collettions for Third P*rtSes 2024 2023 Collected during the year: Save the Children Poppys¢oiland Edinburgh Clothing Stor¢. WSPP. David Nott Foundation Friends of Morningside Parish Church Malawi Cyclone Appeal 1,077 174 8.986 98 527 5,985 Of these sums collected £2,721 (2023.. £2,845) w85 payable to the third partie5 following the year end. 35

Morningside Parish Church Notes formin% part of the finaneial statements (continued) for the )'ear ended 31 December 2024 17 Financial Commitments At 31 December 2024 the Church had total future ¢ommiiments under non-¢an¢¢llable operating leases as follows.. Office Equipment 2024 2023 Less ihan l year Between l and 5 years 821 615 1.436 Operating lease payments made during the year were £781 (2023.. £66? 36

APPENDIX A FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNTS Consolid#ted Fabric Fund Credit BalanLes held at ) l December 2024 - ai cosi Consolidaled Fabrie Fund Mark¢l Value of Balances held al 31 Decemkr 2024 REVEIYUE ACCOUNT Con801id*ted F#bri¢ Fund BcilaiicL at l JaiiLiary 20?4 Nei aciivity during, year Credit Balance at 31 December 2024 37