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
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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.
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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.
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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):
1. Newbattle Parish Church (Church of Scotland)
2. 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
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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
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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:
1. 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
2. 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
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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_
|**Note**
Donations and legacies
**2**
Charitable activities
**3**
Investments
**4**
Other
**5**
Charitable Activities
**6**
**14, 15**
**7**
**Reconciliation of funds**
**14, 15, 16**
**Expenditure on:**
**Total Expenditure**
**Income and endowments**
**Total Income**
**Net income/(expenditure)**
**before transfers**
**Total Funds Brought Forward**
**Total Funds Carried Forward**
**Transfers Between Funds**
**Net Movement in Funds**
**Net gains/(losses) on**
**investments**|**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.
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Docusign Envelope ID: A54AD490-1C4B-8C8F-8010-EA05047D9100
## **Newbattle: St Nicholas Buccleuch (Church of Scotland)**
**Balance Sheet** _as at 31 December 2025_
|**Note **
**10**
**11**
Debtors
**12**
**13**
**13**
**14**
**14**
**15**
Endowment Funds
**16**
Restricted Funds
**The funds of the charity:**
**Total charity funds**
General funds
Designated funds
Bank and cash
**Fixed Assets**
Tangible Fixed assets
Investments
**Total assets less current liabilities**
**Total Net Assets**
**Net Current Assets**
**Current Assets**
**Liabilities**
Creditors falling due within one year
**Total Fixed Assets**
Creditors falling due after one year|**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.
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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.
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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)**
|**Notes to the financial statements**_for the year ended 31 December 2025_
**2**
**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
45,056
-
-
-
1,090
-
Tax Recovered
9,279
-
-
-
21,497
-
Endowment and Glebe
5,026
-
-
**59,361**
**22,587**
**-**
**Grant Income comprised the following**
Baird Trust
Ferguson Bequest
Garfield Weston
Listed Places of Worship
Congregational & General Charitable Trust
Benefact Trust
**3**
**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
10,693
-
-
750
-
-
4,220
1,067
-
**15,663**
**1,067**
**-**
**4**
**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
Invested funds income
1,852
10,019
-
**1,852**
**10,019**
**-**
**5**
**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
Receipts from General Trustees
2,200
274,448
-
Grants from General Trustees
-
-
-
**2,200**
**274,448**
**-**
**Donations and Legacies**
**Charitable activities - Income**
Rental Income
Weddings and Funerals
**Investments Income**
**Other Income**
Regular Offerings
One-off Donations
Grants
Events and Activities|_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).
|**7**
Investment
**8 Staff Costs and Numbers**
Gross Salaries
**Net Gain / Loss on Investments**
Premises
The average number of employees during
Finance|**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_
|**12**
VAT reclaim
**13**
**Due within one year**
PAYE
Retention fee
Agency collections
SNB church restoration
**Due after one year**
Interest on Loan from General Trustees
**14**
General fund
_Designated Funds_
SNB Designated Fabric Fund
**Total unrestricted funds**
General fund
_Designated Funds_
SNB Designated Fabric Fund
**Total unrestricted funds**
**Debtors**
**Unrestricted Funds**
Prepayments / Accured Income
Gift Aid debtor
**Creditors**
Audit fee / Independent Examiner fee|**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 statements**_for 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 statements**_for 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 statements**_for 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 _._
|**16 Endowment fund**
Potts Bequest
SNB Music Capital
**Total Endowment Funds**
Potts Bequest
SNB Music Capital
**Total Endowment Funds**|**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_
|**17 Analysis of Net Assets Among Funds**
Investments
Current Assets
Current Liabilities
**Net Assets as at 31 December 2025**
Investments
Current Assets
Current Liabilities
Long-term liabilities
**Net Assets as at 31 December 2024**
**18 Collections for Third Parties**
Christian Aid
Lady Haig Poppy Appeal
Macmillan Coffee Morning
Salvation Army
Christian Aid Christmas Appeal
Bethany Christian Trust
**19**
**Ministries and Mission Allocation**
Church of Scotland - Giving to Grow|**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**
|**_For the previous reporting period_**
Total income
Total expenditure
Net income/(expenditure)
Net gains/(losses) on investments
**Net movement in funds**
**_For the current reporting period_**
Total income
Total expenditure
Net income/(expenditure)
Net gains/(losses) on investments
**Net movement in funds**|**£**
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