2025-12-31-accounts - Newbattle: St Nicholas Buccleuch (Church of Scotland)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Scottish Charity Number: SC035087 Congregational Number: 030272

Newbattle: St Nicholas Buccleuch (Church of Scotland) (Formerly: Newbattle Parish Church Church of Scotland)

Trustees’ Report and Financial Statements For the year ended 31 December 2025

Accrued (2019 SORP compliant accounts)

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Contents of the Financial Statements for the year ended 31 December 2025

	Page
Trustees’ Annual Report	1 - 5
Independent Examiner’s Report to the Trustees	6
Statement of the Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 - 19
Appendix	20

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Trustees’ Annual Report for the year ended 31 December 2025

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 9 of the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland ) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and Activities

The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in policy. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. There are already links between the Church of Scotland and other Christian denominations within the parish and we continue to strengthen these and develop them going forward.

Worship is the most important role that we undertake within our parish. Now that our Newtongrange building has reopened following its extensive renovation we have two worship centres that we alternate between on a Sunday with worship beginning at 11am. We have now formally united with the former congregation of St Nicholas Buccleuch and this Church building has also now been sold. Our community café runs every Wednesday in Mayfield with a New2U Shop, contributing to alleviating poverty and encouraging the recycling of clothing, alongside this. Our friendship lunch seeks to offer fellowship and entertainment to anyone within our parish once per month. Our men’s club offers a chance for men from the parish to get together for activities and lunch. Special events and services were held in 2025 for Easter, Harvest, Remembrance and Christmas with a parade in Newtongrange for Remembrance Sunday followed by a service in the Church. A Remembrance Service was also held at Newtongrange and Easthouses War Memorials. This Christmas saw us hosting a Community Carol event in Newtongrange that proved especially popular with local families as well as the church playing a key role in the light switch on events in both Newtongrange and Mayfield.

The use of our buildings for groups meeting or letting our halls recovered well post pandemic, however, owing to a lack of personnel to manage the administration of hall lets we are currently operating a restricted number of lets. We hope to address this in early 2026 as the Kirk Session develops plans for the Church buildings going forward. Our outreach to the wider community through non church groups includes partnership with the Midlothian Trussell Trust Foodbank, Dalkeith Storehouse, Mayfield and Easthouses Development Trust and Newtongrange Development Trust. The church also has links with the Newbattle High School Nurture Group and the Y2K youth project.

Our continued commitment to working with our local communities, addressing the vast scale of deprivation in the parish is manifested in the New2U Shop, Newbattle Food Initiative and supporting the Trussell Trust and Dalkeith Storehouse, particularly prior to school holidays. The Newbattle Food Initiative is involved in creative and supportive initiatives that help people budget and choose their own food rather than becoming dependent on foodbanks. We work with the Development Trusts in Mayfield and Easthouses and in Newtongrange with their Pantry schemes donating food and referring people as appropriate. A Friendship lunch with hot soup for some of our older people began in December 2021 as part of the Food Initiative this group continues with an average of 20 people attending each month. The Men’s club which meets on a Thursday lunch time provides an opportunity for fellowship, activities and a meal for men in the parish. This is well attended with approximately 8 to 10 coming each week.

Achievements and Performance

This year has been another momentous year for the Church. We have successfully completed the process of Union with St Nicholas Buccleuch and the Church is now fully governed by the Deed of Unitary Constitution. As well as this the congregation has overseen the final elements of the Newtongrange Building refurbishment and its reopening and gone through the vacancy process to recruit a new minister.

The Kirk Session is now turning its attention to how we can grow as a church and in the service of our

Page 1

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Trustees’ Annual Report for the year ended 31 December 2025

Achievements and Performance (continued)

community. Part of this involves the launching of a number of new worship projects including Messy Church and an Evening Service as well as considering further community events to seek to engage with the wider parish.

Ministry team:

Following a successful vacancy process a new Minister of Word and Sacrament was inducted on the 13th of November 2025. The Rev Christopher Watt has taken up this post and has moved into the new church manse which was acquired earlier in the year. Owing to the recruitment of Rev Watt it was decided that the recruitment of a Congregational Development Worker should be put on hold until the new minister is in post and it is intended to progress this later this year.

Buildings

Newtongrange: In November of 2025 we were delighted to formally reopen Newtongrange Church following its extensive period of renovation. Since reopening it has become apparent that the heating provision installed at the time of renovation was insufficient and so the Kirk Session has taken steps to have further heating installed as a matter of urgency. All being well this will be completed in February 2026.

Kirkbank Centre: We continue to progress the sale of the Kirkbank hall and hope that this will conclude in early 2026.

Mayfield and Easthouses: The church continues to be used both during the week and every second weekend for worship. It is in good condition however, the Kirk session are considering whether or not further modernisation and renovation is required particularly in the sanctuary area and will decide on this early in 2026.

Preparations are being undertaken in connection with the planned sale of the hall at Mayfield and Easthouses and despite delays in this process it is hoped the hall sale will go through by mid 2026.

Our Property Group has worked hard to regularly inspect and maintain our buildings, keeping expenditure low.

Manse: The manse owned formerly by the congregation of St Nicholas Buccleuch has become the sole manse for the Parish. The former Newbattle manse has now been sold.

Governance: During 2020 the Kirk Session, the Board of Trustees of the charity, transitioned to a new working structure. The Unitary Constitution was adopted in February 2020 and the Kirk Session members are the trustees. OSCR requirements and other responsibilities of trustees are reviewed annually with any changes to the membership of the Kirk Session recorded. The Kirk Session involves active elders and all office bearers are allocated and involved in our 5 standing working groups (Property, Finance, Staffing, Intergenerational, Hospitality and Partnerships). All elders are responsible for Pastoral Care, Communication and Administration and legal requirements of the church as a charity but there are ad hoc teams of people involved in particular discussions and arrangements.

Newtongrange Development Trust and Mayfield “In it Together” Group: In both Mayfield and Newtongrange, Masterplans have been produced in the last 10 years to look at town/village centre regeneration. In Mayfield this has been led by the “In It Together Group” (a group of community organisations which includes the church.) and in Newtongrange by Midlothian Council. The church is at the middle of both these centres. The Newtongrange Development Trust has grown and the church has kept abreast of their work and linked in with them about the redevelopment of the church building at the heart of the village. Having a presence on the NDT afforded the opportunity to build good relationships and trust with people from the Community Council, local charities and organisations at a time when there has been no building.

Schools: We continue to develop and strengthen our relationship with the local schools. Since arriving in post the new minister has been in contact with all schools in the parish and has had discussions about how the church can best serve these schools going forward. In addition he was invited to take part in Newtongrange Primary’s Christmas Assemblies. It is hoped that with the launch of Messy Church early in 2026 that we will be able to grow and strengthen relationships with our Young People and families within the community.

Page 2

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Trustees’ Annual Report for the year ended 31 December 2025

Financial Review

22[nd] June 2025 saw the Union between Newbattle Parish and St Nicholas Buccleuch with the accounts from both parishes being combined using the merger method. The accounts presented include the combined accounts of both parishes both for 2025 and, when comparing to 2024.

The financial statements for the year are set out on pages 7 to 19. The Statement of Financial Activities on page 7 reflects a net increase in funds of £194,921 (2024: £105,937 decrease). The church held total reserves at 31 December 2025 of £578,032 (2024: £349,076) which was made up of an unrestricted general fund amounting to £56,125 (2024: £102,545), restricted funds of £425,934 (2024: £167,252) and endowment funds amounting to £95,973 (2024: £79,279).

Core Church activities

Almost 68% of general church income comes from donations from our members. Sunday morning income and standing orders fell during the year by 23%.

Our rental income has decreased by 51%, reflecting lower use of the Mayfield Hall during the year and the loss of rental income from St Nicholas Buccleuch premises.

Newtongrange Development Project

Newtongrange Church was reopened in November 2025 and this project is close to completion. There was a £95,000 loan from the Church of Scotland General Trustees which has now been repaid from funds received from the sale of the Newbattle Manse.

The balance in the fund at the end of 2025 is £4,494. This includes a retention fee of £11,084 which will be repaid or used by the end of March 2026.

Fund Transfers

No money has been transferred between existing funds during the year.

Reserves Policy

The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees’ policy to hold reserves of approximately four months’ expenditure. At the year end the church held unrestricted funds of £56,125 (2024: £102,545) which represents about 5 months (2024: 10 months) of expenditure.

Risk Management

Newbattle Parish undertakes a number of steps to minimise risks:

Finances are kept under regular review with regular stewardship programmes and fundraising events organised. Robust financial systems are in place using specialist charity software to maintain up to date records. Regular finance reports are provided to the Kirk Session and controls are in place e.g. countersigning of all cheques and online bank payments.
Maintenance of our buildings is regularly reviewed and includes: Health & Safety checks such as smoke and fire alarm testing, Risk Assessments and PAT tests. Lothian and Borders Presbytery undertakes an inspection of buildings every 5 years.
ICT health maintenance including antivirus software and Firewall.
A range of policies is in place including: Safeguarding, Health & Safety, Conflict of Interest, GDPR and Data retention.
The support of Lothian and Borders Presbytery and Church of Scotland General Trustees is available as and when required.

Page 3

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Trustees’ Annual Report for the year ended 31 December 2025

Structure, Governance and Management

The congregation is a registered charity, number SC035087 and with effect from 13 March 2020 is administered in accordance with the terms of the Unitary Constitution. Prior to this the Model Deed of Constitution applied. Both constitutions are subject to the Acts and Regulation of the General Assembly of the Church of Scotland.

Since the Unitary Constitution was adopted on 13 March 2020, the Charity Trustees are the members of the Kirk Session. Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The Minister is a member and Moderator of the Kirk Session. The Interim Moderator took on responsibilities during the vacancy, but was not a trustee. Certain responsibilities are delegated to working groups as previously mentioned. The Kirk Session which normally meets ten or eleven times a year is responsible for spiritual and temporal affairs within the church.

Union

During the current financial year, a restructuring took place via a basis of Union between the following congregations (all unincorporated Scottish Charities):

Newbattle Parish Church (Church of Scotland)
St Nicholas Buccleuch Parish Church Dalkeith

Please note Newbattle Parish Church (Church of Scotland) is the former name of this charity which since the date of the Union has been known as “Newbattle: St Nicholas Buccleuch (Church of Scotland)”. The basis of Union of these congregations was approved by the Office of Scottish Charity Regulator (OSCR) and the Church of Scotland (parent charity – SC011353) with an effective Union (merger) date of 22 June 2025. As this Union was a merger of the congregations into one continuing congregation the merger method of accounting was deemed appropriate. This means the financial statements show the current and comparative figures as if the entities have been combined throughout those periods. Notes 20 and 21 of the financial statements provides further details of the pre-merger and post-merger Statement of Financial Activities (SOFA) components as well as the net assets of the date of merger which make up the combined figures detailed in these financial statements.

On merging, the trustees of St Nicholas Buccleuch automatically became trustees of Newbattle: St Nicholas Buccleuch.

Reference and Administrative Information Trustees: Kirk Session

Pre merge trustees of Newbattle Parish Church (Church of Scotland)

Mrs L Anderson; Mrs S Black; Mrs W Black; Mrs S Christenson; Mrs M Currie; Mr D Lamb; Ms S Law; Mrs E Macaulay; Mr A Marshall; Mrs S Marshall; Mr A Newjem; Mrs C Roberts(resigned on 21 June 2025); Mrs T Teasdale; Mrs H McNab; Mr W Thomson.

After merge trustees of Newbattle: St Nicholas Buccleuch (Church of Scotland)

Mrs L Anderson; Mrs S Black; Mrs W Black; Mrs S Christenson; Mrs M Currie; Mrs B Fairbairn; Mrs M Findlay; Mrs M Hood; Mr D Lamb; Ms S Law; Mrs E Macaulay; Mr A Marshall; Mrs S Marshall; Mrs H McNab; Mr A Newjem; Mrs M Purves; Mrs P Robertson; Mrs L Sneddon; Mrs M Stewart; Mrs T Teasdale; Mr W Thomson; Mr J Thomson; Mr C Watt (appointed on 13 November 2025).

Principle Office Bearers

Minister Rev Christopher Watt (from 13 Nov 2025) Session Clerk Mrs Mabel Currie Treasurer Mrs Tracy Teasdale

Principle Office

Newbattle: St Nicholas Buccleuch (Church of Scotland) Bogwood Road Mayfield Dalkeith EH22 5DG

Page 4

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Trustees’ Annual Report for the year ended 31 December 2025

Structure, Governance and Management (continued)

Bankers

Bank of Scotland (General and Newtongrange Development Accounts) 47 High Street Dalkeith Midlothian EH22 1JA

Trustees’ Responsibilities in Relation to the Financial Statements

The Charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the method and principles in the applicable Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustees investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation on the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees and signed on their behalf,

Mabel Currie Session Clerk

Date: 01 May 2026

Page 5

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Independent Examiner’s Report to the Trustees for the year ended 31 December 2025

I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 7 to 20.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity’s trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given in the accounts.

Independent examiner’s statement

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

which gives 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 (as amended) and
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jonathan N Innes FCCA Managing Director

Innes & Partners Limited Chartered Certified Accountants

Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD

Date: 01 May 2026

Page 6

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Statement of Financial Activities for the year ended 31 December 2025

Unrestricted Restricted Funds Funds £ £ 59,361 22,587 15,663 1,067 1,852 10,019 2,200 274,448	Unrestricted Restricted Funds Funds £ £ 59,361 22,587 15,663 1,067 1,852 10,019 2,200 274,448	Endowment Funds £ - - - -	Combined Total 2025 £ 81,948 16,730 11,871 276,648	Unrestricted Restricted Funds Funds £ £ 72,361 208,863 39,506 1,179 2,748 9,555 11,361 497,976	Unrestricted Restricted Funds Funds £ £ 72,361 208,863 39,506 1,179 2,748 9,555 11,361 497,976	Endowment Funds £ - - - -	Combined Total 2024 £ 281,224 40,685 12,303 509,337
79,076	308,121	-	387,197	125,976	717,573	-	843,549
126,375	65,901	-	192,276	132,981	816,505	-	949,486
126,375	65,901	-	192,276	132,981	816,505	-	949,486
(47,299) -	242,220 -	- -	194,921 -	(7,005) -	(98,932) -	- -	(105,937) -
(47,299) 879	242,220 16,462	- 16,694	194,921 34,035	(7,005) 351	(98,932) 38,435	- 8,425	(105,937) 47,211
(46,420) 102,545	258,682 167,252	16,694 79,279	228,956 349,076	(6,654) 109,199	(60,497) 227,749	8,425 70,854	(58,726) 407,802
56,125	425,934	95,973	578,032	102,545	167,252	79,279	349,076

All income resources are derived from continuing activities.

The notes on pages 9 to 20 form part of these financial statements.

Page 7

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Balance Sheet as at 31 December 2025

Unrestricted Restricted Funds Funds £ £ - - 29,682 164,435	Unrestricted Restricted Funds Funds £ £ - - 29,682 164,435	Endowment Funds £ - 95,973	Combined Total 2025 £ - 290,090	Combined Total 2024 £ - 266,061
29,682	164,435	95,973	290,090	266,061
2,311 27,762	- 275,602	- -	2,311 303,364	38,180 174,855
30,073 3,630	275,602 14,103	- -	305,675 17,733	213,035 35,020
26,443	261,499	-	287,942	178,015
-	-	-	-	95,000
56,125	425,934	95,973	578,032	349,076
56,125	425,934	95,973	578,032	349,076
48,669 7,456 - -	- - 425,934 -	- - - 95,973	48,669 7,456 425,934 95,973	94,444 8,101 167,252 79,279
56,125	425,934	95,973	578,032	349,076

The financial statements on pages 7 to 20 were approved by the Kirk Session on 01 May 2026 and signed on their behalf by the undernoted:

Mabel Currie Session Clerk

Tracy Teasdale Treasurer

The notes on pages 9 to 20 form part of these financial statements.

Page 8

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the Financial Statements for the year ended 31 December 2025

1. Accounting Policies

The principal accounting policies, which have been applied consistently in the current and previous year in dealing with items which are considered material to the accounts, are set out below:

Basis of Preparation and Assessment of Going Concern

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)and UK Generally Accepted Accounting Practice.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts are prepared on a going concern basis as the Trustees consider that there are no material uncertainties about the Church’s ability to continue as a going concern. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The Charity meets the definition of a public benefit entity under FRS 102.

Funds Structure

Funds are classified as either restricted funds or unrestricted funds, defined as follows:

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees; discretion to apply the fund.

Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.

Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity.

Income Recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in Note 22.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Page 9

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the Financial Statements for the year ended 31 December 2025

Income Recognition (continued)

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Charitable Activities

The expenditure on charitable activities includes grants made, governance costs and support costs as shown in the notes.

Donated services and facilities

Donated professional services and donated facilities are recognized as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of the economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer 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 charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Fixed Asset Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Taxation

The charity is registered with the Office of the Scottish Charity Regulator (OSCR) under the Charities and Trustee Investment (Scotland) Act 2005 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Page 10

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the Financial Statements for the year ended 31 December 2025

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the trustees are required to make judgements estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Page 11

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

year ended 31 December 2025 Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 45,056 - - - 1,090 - 9,279 - - - 21,497 - 5,026 - -	year ended 31 December 2025 Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 45,056 - - - 1,090 - 9,279 - - - 21,497 - 5,026 - -	year ended 31 December 2025 Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 45,056 - - - 1,090 - 9,279 - - - 21,497 - 5,026 - -	Combined Total 2025 £ 45,056 1,090 9,279 21,497 5,026	Unrestricted Funds £ 57,655 910 11,428 - 2,368	Restricted Funds £ 952 860 97 206,954 -	Endowment Funds £ - - - - -	Combined Total 2024 £ 58,607 1,770 11,525 206,954 2,368
59,361	22,587	-	81,948	72,361	208,863	-	281,224
	Restricted Funds £ - - 1,067	Endowment Funds £ - - -	10,000 5,000 - 6,497 - -	Unrestricted Funds £ 25,562 3,929 10,015	Restricted Funds £ - - 1,179	Endowment Funds £ - - -	- - 25,000 111,954 20,000 50,000
			21,497				206,954
			Combined Total 2025 £ 10,693 750 5,287				Combined Total 2024 £ 25,562 3,929 11,194
15,663	1,067	-	16,730	39,506	1,179	-	40,685
Unrestricted Funds £ 1,852	Restricted Funds £ 10,019	Endowment Funds £ -	Combined Total 2025 £ 11,871	Unrestricted Funds £ 2,748	Restricted Funds £ 9,555	Endowment Funds £ -	Combined Total 2024 £ 12,303
1,852	10,019	-	11,871	2,748	9,555	-	12,303
Unrestricted Funds £ 2,200 -	Restricted Funds £ 274,448 -	Endowment Funds £ - -	Combined Total 2025 £ 276,648 -	Unrestricted Funds £ 11,361 -	Restricted Funds £ 437,976 60,000	Endowment Funds £ - -	Combined Total 2024 £ 449,337 60,000
2,200	274,448	-	276,648	11,361	497,976	-	509,337

Page 12

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the financial statements for the year ended 31 December 2025

6 Unrestricted Funds £ 63,326 Minister's expenses 1,203 2,098 Other staffing costs 7,328 20,639 9,045 4,053 1,762 4,200 193 2,565 Council Tax 357 Worship 3,204 Coronavirus Expenses - - - - 6,402 126,375 Insurance Heat, light and utilities Salary costs Analysis of Expenditure Pulpit Supply Youth / Children's Activities Other expenses Ministry and Mission Allocation (note 19) Storehouse / Newbattle Food Initiative Newtongrange Development Project General Repairs and Maintenance Church office expenses Governance Costs Outreach	6 Unrestricted Funds £ 63,326 Minister's expenses 1,203 2,098 Other staffing costs 7,328 20,639 9,045 4,053 1,762 4,200 193 2,565 Council Tax 357 Worship 3,204 Coronavirus Expenses - - - - 6,402 126,375 Insurance Heat, light and utilities Salary costs Analysis of Expenditure Pulpit Supply Youth / Children's Activities Other expenses Ministry and Mission Allocation (note 19) Storehouse / Newbattle Food Initiative Newtongrange Development Project General Repairs and Maintenance Church office expenses Governance Costs Outreach	Restricted Funds £ - - 340 889 15,777 - 2,954 158 144 87 - - 776 1,634 1,085 34,394 15 7,648	Endowment Funds £ - - - - - - - - - - - - - - - - - -	Combined Total 2025 £ 63,326 1,203 2,438 8,217 36,416 9,045 7,007 1,920 4,344 280 2,565 357 3,980 1,634 1,085 34,394 15 14,050	Unrestricted Funds £ 56,775 2,649 6,667 2,921 16,838 10,039 17,609 918 1,360 - 2,180 1,857 4,812 - - - - 8,356	Restricted Funds £ - - - - - - 3,044 83 11,040 - - - 1,137 1,087 596 790,388 176 8,954	Endowment Funds £ - - - - - - - - - - - - - - - - - -	Combined Total 2024 £ 56,775 2,649 6,667 2,921 16,838 10,039 20,653 1,001 12,400 - 2,180 1,857 5,949 1,087 596 790,388 176 17,310
	126,375	65,901	-	192,276	132,981	816,505	-	949,486

Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.

Auditor's Remuneration

The auditor’s remuneration paid to Innes and Partners Limited amounted to an audit fee of £nil (2024: £9,600), independent examiners fee of £3,600 (2024: nil) and accountancy services of £nil (2024: £2,400).

Unrestricted Funds £ 879	Restricted Funds £ 16,462	Endowment Funds £ 16,694	Combined Total 2025 £ 34,035	Unrestricted Funds £ 351	Restricted Funds £ 38,435	Endowment Funds £ 8,425	Combined Total 2024 £ 47,211
879	16,462	16,694	34,035	351	38,435	8,425	47,211
the year was:						Total 2025 £ 2,438	Total 2024 £ 6,667
						2,438	6,667
						2025 1 1	2024 2 1
						2	3

Average number of full-time equivalent employees during the year was 1 (2024: 3).

No employee had employee benefits in excess of £60,000 (2024 nil).

Key management personnel are considered to be the ministers and interim moderator listed in the report of the trustees. Key management personnel received remuneration of £nil (2024: £nil) during the year.

All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend (in the fifth and subsequent years) £38,884.

Page 13

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the financial statements for the year ended 31 December 2025

9 Trustee Remuneration and related party transactions

During the year 1 Trustee received reimbursement of expenses incurred totalling £2,845 (2024: £9,798).

No Trustees received remuneration for their position as Trustees during the year (2024: nil).

During the year a total of £24,922 (2024: £20,032) was donated to the congregation by the Trustees.

10 Tangible fixed assets Cost / Valuation As at 1 January 2025 as combined Disposal As at 31 December 2025 Depreciation As at 1 January 2025 as combined Eliminated on disposal As at 31 December 2025 Net Book Value As at 31 December 2025 As at 31 December 2024 as restated 11 Quantity Quantity The following investments are held at market value: 2025 2024 Unrestricted Funds General Cos Income Fund 2559 3462 Fabric Fund Cos Income Fund 47 47 Restricted Funds Session Cos Income Fund-Kirk 633 633 Cos Growth Fund 4725 4725 Cos Income Fund 3888 3888 Nat West Group (prev RBS) ord 100p 2839 2839 City of London Invest Trust ord 25p 2860 2860 Apse Cos Income Fund 1091 1091 Town Mission Cos Income Fund 28 28 Dora Robertson Cos Income Fund 204 204 Fabric Growth Fund Cos Income Fund 4616 4616 Endowment Funds Potts Bequest 6808 6808 Music (Capital) Cos Income Fund 269 269 Nat West Group (prev RBS) ord 100p 2571 2571 Murray International Trust ord 25p 8750 8750 Total investments Cost of Investments Held Market Value at 31 December 2025 Unrealised gains/(losses) on Investments Disposal Additions Market Value at 1 January 2025 Investments	Music Equipment £ 31,298 (31,298)	Total £ 31,298 (31,298)
	-	-
	31,298 (31,298)	31,298 (31,298)
	-	-
	-	-
	-	-
	Combined Total 2025 £ 266,061 - (10,006) 34,035	Combined Total 2024 £ 220,850 - (2,000) 47,211
	290,090	266,061
	Combined 2025 £ 29,147 535	Combined 2024 £ 38,290 520
	29,682	38,810
	7,210 32,508 44,284 18,505 15,101	7,001 30,145 43,001 11,416 12,327
	117,608 12,426 319 2,324 31,758	103,890 12,066 310 2,256 29,450
	164,435	147,972
	46,839 3,064 16,758 29,312	43,435 2,975 10,338 22,531
	95,973	79,279

	290,090	266,061

	217,862	217,862

11 Investments

Page 14

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the financial statements for the year ended 31 December 2025

Unrestricted Funds £ 2,311 - - 2,311 Unrestricted Funds £ 3,600 30 - - - 3,630 Unrestricted Funds £ - - Combined Balance at 01.01.25 Income £ £ 94,444 79,048 8,101 28	Unrestricted Funds £ 2,311 - - 2,311 Unrestricted Funds £ 3,600 30 - - - 3,630 Unrestricted Funds £ - - Combined Balance at 01.01.25 Income £ £ 94,444 79,048 8,101 28	Restricted Funds £ - - -	Endowment Funds £ - - -	Combined Total 2025 £ 2,311 - -	Combined Total 2024 £ 2,200 2,671 33,309
	2,311	-	-	2,311	38,180
		Restricted Funds £ - - 11,048 - 3,055	Endowment Funds £ - - - - -	Combined Total 2025 £ 3,600 30 11,048 - 3,055	Combined Total 2024 £ 12,400 168 15,862 327 6263
	3,630	14,103	-	17,733	35,020
		Restricted Funds £ -	Endowment Funds £ -	Combined Total 2025 £ -	Combined Total 2024 £ 95,000
	-	-	-	-	95,000
	Income £ 79,048 28	Expenditure £ (125,686) (689)	Gains on Investments £ 863 16	Transfers £ - -	Combined Balance at 31.12.25 £ 48,669 7,456
102,545	79,076	(126,375)	879	-	56,125
Combined Balance at 01.01.24 £ 97,191 12,008	Income £ 120,671 5,305	Expenditure £ (128,264) (4,717)	Gains on Investments £ 346 5	Transfers £ 4,500 (4,500)	Combined Balance at 31.12.24 £ 94,444 8,101
109,199	125,976	(132,981)	351	-	102,545

Explanation of funds

The General Fund is for all income and expenditure relating to the primary focus activities of the charity.

The SNB Designated Fabric Fund is for maintenance and improvement of Church buildings.

Page 15

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Combined 15 Restricted Funds Balance at 01.01.25 Income £ £ Potts fund interest 8,375 919 Christmas fund 994 - Jelly Tots NG 773 - Holiday Club 117 - Jam Club Fund (formerly Messy Church) 1,168 67 Notice board fund 203 - NB Car Park 850 - Flower fund 125 - Newbattle Food Initiative 2,627 - Publicity Campaign (NB) 333 - Community Café (NG) 712 - Garden Club 163 - Friendship fund 3,702 - Newtongrange development (87,281) 141,497 Fabric Fund 5,478 154,772 Youth Group 271 - Men's Group fund 2,402 523 Benevolent Fund 5,806 1,000 Christmas Lunch Fund 96 - Coronavirus Grants 2,232 - Adapt and Thrive Fund 6,663 - Staff Costs Fund 2,252 - Fabric Growth Fund 29,450 439 SNB Apse Fund 12,066 - SNB Dora Robertson Fund 2,256 - SNB Minor Fudiciary Funds 717 122 SNB Music Fund 2,475 2,269 SNB Restoration Fund 16,523 663 SNB Session Fund 145,394 5,850 SNB Town Mission Fund 310 - Total restricted funds 167,252 308,121 Combined Balance at 01.01.24 Income £ £ Potts fund interest 7,632 919 Life and Work 28 - Christmas fund 994 - Jelly Tots NG 773 - Holiday Club 117 - Jam Club Fund (formerly Messy Church) 1,156 995 Notice board fund 203 - NB Car Park 850 - Ministry for older people - - Flower fund 252 - Newbattle Food Initiative 3,039 184 Publicity Campaign (NB) 333 - Community Café (NG) 712 - Garden Club 337 - Friendship fund 3,702 - Newtongrange development 9,033 705,114 Fabric Fund 6,947 185 Youth Group 271 - Men's Group fund 1,939 768 Benevolent Fund 5,656 500 Christmas Lunch Fund 96 - Coronavirus Grants 3,319 - Adapt and Thrive Fund 6,746 - Staff Costs Fund 2,252 - Fabric Growth Fund - - SNB Apse Fund 11,957 - SNB Dora Robertson Fund 2,236 - SNB Minor Fudiciary Funds 686 122 SNB Music Fund 1,939 1,673 SNB Restoration Fund 16,677 1,236 SNB Session Fund 137,560 5,877 SNB Town Mission Fund 307 - Total Restricted Funds 227,749 717,573 Notes to the financial statementsfor the year ended 31 December 2025	Combined 15 Restricted Funds Balance at 01.01.25 Income £ £ Potts fund interest 8,375 919 Christmas fund 994 - Jelly Tots NG 773 - Holiday Club 117 - Jam Club Fund (formerly Messy Church) 1,168 67 Notice board fund 203 - NB Car Park 850 - Flower fund 125 - Newbattle Food Initiative 2,627 - Publicity Campaign (NB) 333 - Community Café (NG) 712 - Garden Club 163 - Friendship fund 3,702 - Newtongrange development (87,281) 141,497 Fabric Fund 5,478 154,772 Youth Group 271 - Men's Group fund 2,402 523 Benevolent Fund 5,806 1,000 Christmas Lunch Fund 96 - Coronavirus Grants 2,232 - Adapt and Thrive Fund 6,663 - Staff Costs Fund 2,252 - Fabric Growth Fund 29,450 439 SNB Apse Fund 12,066 - SNB Dora Robertson Fund 2,256 - SNB Minor Fudiciary Funds 717 122 SNB Music Fund 2,475 2,269 SNB Restoration Fund 16,523 663 SNB Session Fund 145,394 5,850 SNB Town Mission Fund 310 - Total restricted funds 167,252 308,121 Combined Balance at 01.01.24 Income £ £ Potts fund interest 7,632 919 Life and Work 28 - Christmas fund 994 - Jelly Tots NG 773 - Holiday Club 117 - Jam Club Fund (formerly Messy Church) 1,156 995 Notice board fund 203 - NB Car Park 850 - Ministry for older people - - Flower fund 252 - Newbattle Food Initiative 3,039 184 Publicity Campaign (NB) 333 - Community Café (NG) 712 - Garden Club 337 - Friendship fund 3,702 - Newtongrange development 9,033 705,114 Fabric Fund 6,947 185 Youth Group 271 - Men's Group fund 1,939 768 Benevolent Fund 5,656 500 Christmas Lunch Fund 96 - Coronavirus Grants 3,319 - Adapt and Thrive Fund 6,746 - Staff Costs Fund 2,252 - Fabric Growth Fund - - SNB Apse Fund 11,957 - SNB Dora Robertson Fund 2,236 - SNB Minor Fudiciary Funds 686 122 SNB Music Fund 1,939 1,673 SNB Restoration Fund 16,677 1,236 SNB Session Fund 137,560 5,877 SNB Town Mission Fund 307 - Total Restricted Funds 227,749 717,573 Notes to the financial statementsfor the year ended 31 December 2025	Expenditure £ (15) - - - (175) - - (97) (572) - (319) (52) (13) (49,722) (1,914) - (141) (301) (96) (1,634) (87) (1,229) - - - - (3,776) (1,540) (4,218) -	Gains on Investments £ - - - - - - - - - - - - - - - - - - - - - - 2,308 360 67 - - - 13,718 9	Transfers £ - - - (117) (1,060) - - - - - - - - - - 1,177 - - - - - - - - - - - - - -	Combined Balance at 31.12.25 £ 9,279 994 773 - - 203 850 28 2,055 333 393 111 3,689 4,494 158,336 1,448 2,784 6,505 - 598 6,576 1,023 32,197 12,426 2,323 839 968 15,646 160,744 319
167,252	308,121	(65,901)	16,462	-	425,934
Combined Balance at 01.01.24 £ 7,632 28 994 773 117 1,156 203 850 - 252 3,039 333 712 337 3,702 9,033 6,947 271 1,939 5,656 96 3,319 6,746 2,252 - 11,957 2,236 686 1,939 16,677 137,560 307	Income £ 919 - - - - 995 - - - - 184 - - - - 705,114 185 - 768 500 - - - - - - - 122 1,673 1,236 5,877 -	Expenditure £ (176) (28) - - - (983) - - - (127) (596) - - (174) - (801,428) (1,654) - (305) (350) - (1,087) (83) - - - - (91) (1,137) (1,390) (6,896) -	Gains on Investments £ - - - - - - - - - - - - - - - - - - - - - - - - 29,450 109 20 - - - 8,853 3	Transfers £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Combined Balance at 31.12.24 £ 8,375 - 994 773 117 1,168 203 850 - 125 2,627 333 712 163 3,702 (87,281) 5,478 271 2,402 5,806 96 2,232 6,663 2,252 29,450 12,066 2,256 717 2,475 16,523 145,394 310
227,749	717,573	(816,505)	38,435	-	167,252

Page 16

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the financial statements for the year ended 31 December 2025

15 Restricted Funds (continued) Explanation of funds

Potts fund interest: used for youth work

Life and Work: To collect subscriptions for the Life & Work magazine together in order to receive a discount. Christmas fund: to organise the Christmas Light celebrations at Newtongrange. Jelly Tots NG: used for Jelly Tots Mums and Toddlers group. Holiday club: used for the holiday club week held every summer. Jam Club Fund (formerly Messy Church): used for the monthly messy church, held at Mayfield for children and parents. Notice board fund (MF): to raise funds for new notice boards. NB monies used - remainder is for MF only. NB Car Park fund: to raise funds to re surface the car park at Newbattle Church. Ministry for older people: the outreach work to connect with older people in Newtongrange. Flower fund: holds funds used to buy flowers for Church services. Newbattle Food Initiative : holds funds to support initiatives that help people become less dependent on foodbanks Publicity campaign (NB): set up from a grant from presbytery to promote the work of the church around the Newbattle area. Community Café (NG): set up from a grant from presbytery as part of the outreach to families around Newtongrange. Garden Club (MF): set up at Mayfield to create further outreach facilities and work with the Community. Friendship fund (NG): holds funds for a group aimed at providing fellowship primarily for the older people within the NG community. Newtongrange Development Project: the long term project for the redevelopment of Newtongrange Church Fabric fund: used for the maintenance and repair of Church buildings . Youth group: used for youth work. Men's Group: holds a grant given for the Church men's group. Benevolent fund: to be used at the minister's discretion to help struggling families of the parish. Christmas lunch fund: used for the Christmas lunch in Mayfield. Coronavirus Grants: holds grants awarded to enable the Church to comply with Government Coronavirus guidelines. Adapt and Thrive fund: holds the grant received for administrative staff Staff costs fund: holds funds to pay staffing costs Fabric Growth fund is for maintenance and improvement of church buildings. SNB Apse Fund To be used for ongoing maintenance .

SNB Dora Robertson Memorial Fund to be used to assist with the education of young people in the congregation . SNB Minor Fudiciary Funds holds the dividends received from the Dora Robertson Fund .

SNB Music Fund Income Reserve Dr Frederick R Lucas Bequest (1955/1962) - income applied entirely to the music of the Church . SNB Restoration Fund 2005 To be used for the restoration project for the fabric of the Church .

SNB Session Fund Dr James Renton Bequest (1868/1873) - a trust for the poor of the Town, the Kirk Session appointed Trustees . SNB Town Mission Fund to assist the young people's anchor fund .

Combined Balance at 01.01.25 £ 43,435 35,844	Income £ - -	Expenditure £ - -	Gain/(Loss) on Investments £ 3,404 13,290	Transfers £ - -	Combined Balance at 31.12.25 £ 46,839 49,134
79,279	-	-	16,694	-	95,973
Combined Balance at 01.01.24 £ 39,690 31,164	Income £ - -	Expenditure £ - -	Gain/(Loss) on Investments £ 3,745 4,680	Transfers £ - -	Combined Balance at 31.12.24 £ 43,435 35,844
70,854	-	-	8,425	-	79,279

Explanation of funds

Potts Bequest: investments to fund educational and youth work. Interest from this investment is put into the restricted Potts fund. SNB Music Fund: Capita Dr Frederick R Lucas Bequest (1955/1962) - capital to be maintained fully .

Page 17

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the financial statements for the year ended 31 December 2025

Individuals £ -	Institutions £ 63,326	Unrestricted Funds £ 29,682 30,073 (3,630)	Restricted Funds £ 164,435 275,602 (14,103)	Endowment Funds £ 95,973 - -	Combined Total Funds 2025 £ 290,090 305,675 (17,733)
		56,125	425,934	95,973	578,032
		Unrestricted Funds £ 38,810 69,007 (5,272) -	Restricted Funds £ 147,972 144,028 (29,748) (95,000)	Endowment Funds £ 79,279 - - -	Combined Total Funds 2024 £ 266,061 213,035 (35,020) (95,000)
		102,545	167,252	79,279	349,076
		Combined Total 2025 £ 63,326	Individuals £ -	Combined Total 2025 £ 235 22 438 - - -	Combined Total 2024 £ 702 189 1,405 251 700 1,000
				695	4,247
				Institutions £ 56,775	Combined Total 2024 £ 56,775
-	63,326	63,326	-	56,775	56,775

20 Merger accounting - analysis of principal SOFA components

£ 770,412 (869,462) (99,050) 33,195 (65,855) Charity A Charity B £ £ 72206 17,373 (71,442) (26,544) Charity A From 01/01/2025 to 22/06/2025*	£ 770,412 (869,462) Charity A*	£ 73,137 (80,024) Charity B*	Combined Total £ 843,549 (949,486)
	(99,050) 33,195	(6,887) 14,016	(105,937) 47,211
	(65,855)	7,129	(58,726)
		£ 297,618 (94,290) Combined Charity From 23/06/2025	Combined Total £ 387,197 (192,276)
764 -	(9,171) -	203,328 34,035	194,921 34,035
764	(9,171)	237,363	228,956

Charity A & B refers to following charities which combined on 22 June 2025. Charity A Newbattle Parish Church (Church of Scotland) Charity B St Nicholas Buccleuch Parish Church Dalkeith

Page 18

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland)

Notes to the financial statements for the year ended 31 December 2025

21 Merger accounting - analysis of net assets at the date of merger

Merger accounting - analysis of net assets at the date of merger
Net assets Represented by: Unrestricted funds Designated funds Restricted funds Endowment funds	£ 70,208 Charity A (at Union date)*	£ 270,463 Charity B (at Union date)*	Combined Total £ 340,671
	30,649 - (3,876) 43,435	44,790 7,506 182,323 35,844	75,439 7,506 178,447 79,279
	70,208	270,463	340,671

22 Volunteers

In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.

Page 19

Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100

Newbattle: St Nicholas Buccleuch (Church of Scotland) APPENDIX

FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES

Market Value of Balances at 31 December Church of Scotland Deposit Funds Church of Scotland Consolidate Fabric Fund (1) shares Church of Scotland Consolidate Fabric Fund (1) Growth Fund TEMPORARY ACCOUNT Credit Balance at 31 December Debit Balance at 31 December REVENUE ACCOUNT Credit Balance at 31 December Church of Scotland Deposit Funds Church of Scotland Consolidate Fabric Fund (1) shares Church of Scotland Consolidate Fabric Fund (2) Growth Fund Credit Balances held at 31 December at cost CAPITAL	2025 £ 28,485 - 28,485 47,936 47,936 306,799 - 8,904	Restated 2024 £ 13,040 -
		13,040
		20,940 -
		20,940
		500,412 (3,413) 42,271

Page 20