Charity Registration No. SC039655 {Scotlandl
THE CITY OF EDINBURGH METHODIST CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE CITY OF EDINBURGH METHODIST CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Church Councll Members
Charity number Iscotlandl
SC039655
Registered office
25 Nicolson Square
Edinburgh
EH8 9BX
Independent examiner
Johnston Smillie Ltd
5 South Gyle Crescent Lane
Edinburgh
EH12 9EG
Custodian Trustees
Trustees for Methodist Church Purposes
Central Buildings
Oldham Street
Manchester
M1 1JQ

THE CITY OF EDINBURGH METHODIST CHURCH
CONTENTS
Page
Trustees ￿port
Independent examiner's report
Slalemenl of financial activities
10- 11
Balance sheet
12
Notes to the financial statements
13-28

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Chur¢h Council Members present their annual report and financial stslemenls for the year ended 31 August
2024.
The financial slalements have been prepared in accordance with the accounting poliaes sel out in note 1 to the
financial statements and comply with the Church's constitution, the Charities and Trustee Investment (Scollandl
Act 2005, the Charities Accounts Iscollandl Regulations 2006 las amended) and "Accounting and Reporb"ng by
Charities.. Slalemenl of Recommended Practi￿ applicable to charities preparing their accounts in accordance
wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" (effective 1
January 20191.
Objectives and activities
The vision of the City of Edinburgh Melhodisl Church ICEMCI is lo be an inclusive community in the heart of the
city where we share God's love through working with and foi others, lo transform our community and the wodd.
The mission priorities agreed by the Church Council are consislenl with the four aims of the Methodist Church in
Great Britain". worship, learning and caring, service, evangelism.
Activities
CEMC conducts a wide range of activities in a number of areas, including 25 Nicolson Square, and other
locations across the City and wider area. A number of ad'vities are also based in the digital sphere.
1. Worshlp
We share in worship, prayer and fellowship. This involved Sunday Morning, Wednesday evening services. and
Wednesdays at 'The Well,. These have been supported by a team of volunteers dealing with technical ￿tters,
and worship leaders.
2. Learning and Caring
CEMC has several small groups, that meet lo deepen Christian discipleship., these include a number of house
and small groups, meeting on site and online. We have a system of pastoral care, undertaken by volunteer
pastoral visitors alongside the church ministers. A church group organise and distribute flowers on a weekly
basis as part of the pastoral care exercised by CEMC.
3. Service
CEMC provides practical, financial, volunteer, and administrative support lo a variety of organisalions (including
YMCA Edinburgh SCIO, Courts LNstening Service, Bethany Christian Trust, Chnstian Aid and Soul Food, among
olhersl. We ale a 'Festival Fringe Venue,, now facililaling this within Nicolson Square Venues. We also support
and are part of Edinburgh Churches Together, Newington Ghurches Together and the Edinbuoh Inlerf&ith
Associalion. We are part of the Methodist Heritage movement.

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and perfomance
General chU￿h Work
W0￿h1P
Through the year we have worked around the Main Sunday Service, to maintain the high quality and
authentically Methodist, including the online offering. This has included the ongoing work of the
volunteer technical team to maintain the online presence and access to worship.
The Wednesday Worship service Dnline continues to be supported well, wth a regular attendance of
be￿een 10 and 20, and a number of different leaders. This is a positive contribution lo the grc)wing and
maintaining Df the faith of the congregation.
Church wide prayer life has continues, with prayer groups meeting daily on weekdays.
Learning & Caiing
Pastoral carelpasloral ne￿￿Ork (both formal through pastoral carers and informall, care and attent'on,
loving concern continues within the congregation.
A number of small groups have continued lo meet, some based on geographic areas, some short-term
Bible studies, and others been groups with a common interest. These all offer an opportunity for people
to explore faith aside from worship, building up people both inside and outside church in faith and
discipleship.
Provision for children and young people has continues, supported by the Children and young people
team. Some young people from CEMC also attended 3Generate (The Methodist Youth Assembly) &8
October 2023.
Servlce
We continue lo work with local university chaplaincies and our Young Adults group continues to meet
monthly.
CEMC has continued lo work with and support wider work across Edinburgh and the region, including
the ongoing work with YMCA Edinburgh, support for Bethany Christian Trust and the Courts Listening
servi￿ in use of the building. We also continue our partnership with Edinburgh City Mission lo proinde
the Soul Food meal on a Monday evening.
Evangelism
Vve have continued lo develop the welcome offered by both the congregation and the building, this has
included improving our publicity and signage.
We have linked with the Methodist Church's Connexional Evangelism and Growth Strategy, esperyally
around how the Methodist Church has a presence at the festivals in Edinburgh. This has seen a
worf(ing party from the wider Methodist Church and including members drawn from CEMC putting on
Lost in Wonder. as a Fringe show.
Dlscusslons wlth Central Hall Westmlnster Ltd
The relationship with CHW Ltd changed over the year, with support being offered for the establishment of a
trading subsidiary of CEMC to oversee the provision of conference and meeting space in the buildings al
Nicolson Square, and also the support of the maintenance and running of the buildings and others which CEMC
has care of. This work continued over the year and there is now a different nature lo the partnershp wth CHW
Ltd.

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Flnanclal rwlow
Nel ine£)ming resources before Ir8nsfers and Tevalualions tolalled £23,839 12023= Nel outgoing resources
£360,817). Totsl incoming resources were £422,735 {2023.' £455.8691. Total resources expended came to
£398,89612023.' £816,686).
Charltable Income
The main sources of charitable income in 2023r24 were collections and d)nations, grant income. investment
income and room hire.
Investment income was £11.918 higher than in 2022123. This is a resuk of there being a larger write off of
irrecoveratle debts due from a tenant in the prior year. There was also slight increase in ￿nI. Al £43.317
Income from room hire was £683 k)wer than in the previous year. Even though an organisation 18 hlrlro
addits.onal space for storage, there was a small wrrte off from the prior year causing the overall decrease.
Charitable expenditu
The largest items of expendrture were propety-relaled Costs, the CEMC'S contribution to the Forth Valley
Circuit, and management charges. Employment costs accounted for a lion's share of the rest. The large
decreased cost of donats'ons in the year is a result of the sale proceeds of 1 Junctson Place, Edinburgh being
transferred to the Scotland Distiict in 2022123.
Assets and Llabllltles
In order to ease a deterioratsng cash balan¢9, we will draw on our financial investments in the ccyning yoar. This
will enable us to aggressivety address roc¥m18tting and other sourc&s of income.
Re8eThes
Reasons for relalnlng free reseNes:
Free reserNes a￿ unspent lunds for which no particular purpose has ken identified for the lime being. This is in
addition to money prudenljy sel aside for known future expendtture {designaled funds). The managing trustees
have identified the follmng main reasons for holding free reserves.
1. As prudent provision for unknown future expenditure e.g. unexpected deterioration of some part of the
buildings. The trustees note, in this regard, the age and, in the case of the premises at Nicolson &]uare, A-listsd
slalus of the buildings.
2. As prudent prowsion against unexpected loss Dr reduction of income e.g. unexpected loss of income from
lessees. The trustees note, in this regard, the Church's obligations lo emrAoyees.
3. As a strategic finanaal resource to'pumpprime. new inf(ialives in fulfilment of the church's mi8son.

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Re$•r4T•$ (contlnuod)
The level of free reserves deemed appropriate by the managing Iru$lee$ wll vary from year lo year. The Churc
Finance and Development Group is responsible for recommending a specific figure to the Church Councl
annually. This figure is recorded in the minutes of the appropriate Church Counal meeting.
The current approved policy is to target a level of free reserve5 of £141.000. This 18 made up of the foll¢)wing
elemenls'.-
Contlngency
Uninsured propety repairs
Retail unf(s vacant
Increase in CircuitA5ses5ment
Staff redundancies
Basls of calculatlon
Syo book value, inflatiowdjusted
2 unrts Va￿nt for 12 months
10% increase
R•serv•g1£)
100,000
25,000
14,000
2.000
The actual amount of unrestricted reserves held as al 31 August 2024 was £20,350 12023.. £124,688). This is
below the desired level of free reserves, primarily due lo a large one off donation in the prior ye￿. and
additional costs such as management charges, and higher property expenditure this year. This approach
recognises the fact that CEMC'S positive balan￿ of restricted fijnds is held in assets that are erther illiquid or
produung income that is currently required lo support annual expenditure.
Rgstilctsd funds
Restricted funds amounted lo £2.531,850 12023.. £2,403,422) at the balance sheet date. Of this, £1,595,385
consist5 of land, building5 and equipment utilised by CEMC and ils assrtiated charities. The balance consists
largely of investment properties together wrth other investments, less loans and other liabilities.
Alaintenance of Reseffts
Finance, Devebpment and Property Group are respon%ble for monitoring and maintaining the level of reseNe8.
Infomation on these activltles Is induded In regular reports to the managlng trustee&
Pollcy R•vlew
The Finance. Development 8nd Property Group rewews the Reserves Policy, annu81ty. Changes to the policy
require the approval of the managing trustees. No change lo this has been recommended since March 2023.
Investrnnt Poll¢y
Funds not immediately required. including bequests and other funds held in trust by The Trustees for Methodist
Church Purposes. are invested through the Melhodisl Church's in-hoLbse investmerbt manager. the Central
Finan￿ Board ICF8} of the Melhodisl Church.
Rlsk Managemgnt
The trustees have reviewed the major risks lo ￿lch the charity is exposed and put in place systems to mitigate
Ihosg risks. The area$ of risk ¢on$idorgd to bo mo$1 signfficant and ￿rr8$pOnding action lo manago them ara as
follows..
Risk Mitigation
Unexpeded propety repairs..
A 'Quinquennial' Building Condition Report 1$ commi$$ioned every years from a qualified survwor
and recommendations followed. An annual nal roof inspection is undertaken
Unexpeded bss of income from investment properties..
Risk factored into free reserves policy.
Risk spread betsveen three properties.

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Future Plans
As outlined in the CEMC'S mission plan the priorities for the coming year are..
Worshlp
Main Sunday Service, to maintsin the high quality and authentically Methodist, including the online
offering.
Wednesday Worship
Develop further worship opportunities
Church wide prayer life
Leaming & Caring
Pastoral Carelpasloral ne￿rk Iboth formal through pastoral carers and informall, care and attention,
loving wncern
Establishing and maintaining small groups. offering opportunity for people to explore faith aside from
worship. building up people both inside and outside church in faith and discipleship
Holding meetings in the most appropriate way (Face lo face, online or a combination).
Continue our work with children and young people
Establish Church-life committee to encourage the developing life of the church
Sgrvice
Engage with University.. Student Group I Chaplaincy work
Work out which community. we can serve
Support of speafic non-CEMC forms of service, which are seen as good and important.. e.g. YMCA,
The Listening Servi￿, Soul Food.
Engage with issue of social justice as a congregation, and helping individuals do so
Evangelism
Develop the welcome
Better publicity and signage
Chris118n engagement courses
Linking with the Connexional God forAII Strategy
Support
Develop refreshed Mission Plan
Staff Support
Establlshment of Nlcolson Square Venues Llml¢ed
Over the end of 2023-24 and into 2024-25 financial year, work has been undenhfay lo establish Nicolson Square
Venues Limited (Company number SC8283371 as a trading company of CEMC, this was achieved in November
2024, and the relationship continues to develop.
The Trustees acknowledge there is uncertainly about the future, however CEMC continues to fulfil its charitsble
objedives.

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management
The governing do¢umenl for the Melhodisl Church in Great Britsin is"The Conslitulional Practice and Discipline
of the Methodist Church" (latest revision 20231. Section 6 deals with the governance of local churches
Charity Constitution
All members of the Church are entitled to vote at the General Church Meeting which is convened at least
annually. In addition to mutual counsel as to the condition of the Church, the function of the meeting is lo elect
church stewards and representatives to the Church Council.
For the year 1 sl September 2023 to 31 stAugust 2024, membership of the Church Council consists of..
The Ministers
Church Stewards (elected by General Church Meelingl
Treasurer lappoinled by council)
The Secretary of the Pastoral Committee lappoinled by the counall
The Secretary of the council (appointed by the council)
Between six and fifteen representatives elected by the General Church Meeting
Up lo fifteen additional persons appointed by the council lo ensure adequate representstion from all
areas of the church's life
One circuit steward appointed by the arcuil stewards.
The Members who served durin
the
ear and up to the date of si
nature of the financial statements were..

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Trustee Reernitment and Training
Ministers with pastoral oversight are Trustees by virtue of their appointment. The Circuit stewards appoint one
of their number as a Trustee. Other Trustee vacancies come from within the church membership, eitherthrough
direct election, appointment lo an office or co-option. Of these, the General Church Meeting ele¢ls
congregational representatives lo Church Council as well as Church Stewards who serve on the Leadership
Team. The Church Council elects ils own Secretsry, the Secretary of the Pastoral Committee and the Treasurer,
and c&opled those il wishes to represent specific parts of the life of the church.
The Constitutional Practice and Discipline of the Methodist Chur¢h sets out the responsibilities of Methodist
trustees and office bearers. Further guidan¢e is available from the website of the Methodist Church. Training in
the responsibilities of trustees and developments in charity regulation is provided by the Methodist Church's
Leaming Network
Staff and Volunteers
Over the year the paid stsff of CEMC included the Director of Music and Organist, and the Church
Administrator. The subslanlial contribution made by volunteers to the life and activities of the church includes
the following areas..
All Trustees, other than the Ministers, are volunteers.
Stewards and other office bearers.
Local Preachers and Worship Leaders.
Pastoral Visitors.
Leadership of small groups.
Those involved in work with young people and safeguarding.
Other contributions to worship services.. choir, welcomers, communion stewards, tealcoffee,
arrangement and distribution of flowers.
Members of the Finance, Development and Propety Group.
Board members of YMCA Edinburgh and volunteer support for YMCA activities.
Fundraising and awareness raising in the church on behalf of other charities e.g. Annual Church
Project.
Maintaining links wth the wider Melhodisl Connexion.
Ecumenical and inter-faith work.

THE CITY OF EDINBURGH METHODIST CHURCH
TRUSTEES REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Organisational Stmeture
The City of Edinburgh Melhodisl Church is registered as a charity in Scotland Ino. SC0396551. The church is
part of the Forth Valley Cir¢uil131131 (Charity Registration No. SC0379501, which in turn is part of the Synod of
the Melhodisl Church in Scotland (Charity Registration No. SC0380981 of the Melhodisl Church in Great Britain
Icharty number." 11322081. The Church Council, in a ¢onsullalion initiated by the Melhodisl Church in Scotland
gave il's support lo the uniting of the six ¢ircuils in Scotland, this was agreed by the Melhodisl conferen￿ in
July 2024, and will come into effect on the 1 sl of September 2025. with the Forth Valley Circuit131131 uniting
into the Scotland Circuit.
The Church Council members are the TrLJStees of the charity and Managing Trustees of the propety and Model
Trust monies (the Custodian Trustees for the propety and Model Trust monies are the Trustees for Methodist
Church Purposes- Registered Charity No. 1136358, a body corporate established by the Melhodisl Church Act
19391. The Church Council meets al least four times each year. 11 is responsible for achieving CEMC'S mission,
and for the appointment of office bearers and committees lo enact the agreed strategies.
CEMC has close constitutional and operational ties with one further charity..
YMCA Edinbuwh SCIO (Charity Registration No. SC048494) woths with young people and families in
Edinburgh. CEMC have the right to appoint four ofthe board member5 for YMCA Edinburgh, however
this relationship is currently under review, and CEMC have agreed that the right to appoint board
members is no Iongerrequl￿d following the changing relationship with the sale of the property at 1
Junction Place.
Objectives of CEMC'S mission priorities are..
To provide a range of quality worship services which draw as many as possible doser to God.
To nurture faith development In all at whatever stage of their faith journey.
1. To seek actively through prayer, pastoral care and other spiritual disciplines, lo allow the
kingdom of God lo grow amongst us such that we all become active partners in the mission of
the church both as individuals and as a faith community.
2. To follow the example of Christ In caring for and championing the needs of the most vulnerable
with an emphasis on working with partners and developing clear mission priorities for the use
of our buildings.

THE CITY OF EDINBURGH METHODIST CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE CHURCH COUNCIL MEMBERS OF THE CITY OF EDINBURGH METHODIST
CHURCH
I report on the finanaal statements of the Church for the year ended 31 August 2024, which are set out on pages
10t028.
Rospectlvo rnsponslbllltles of Church Councll Mom￿r8 and gxamln•r
The Churth'3 Chur¢h Council Members are responsible for the preparation of the financial stslemenls in
accordance with the terns of the Charities and Trustee Investments (Scotlandl Act 2005 and the Charrbes
Accounts Iscotland) Regulations 2006. The charity's Church Counal Membèrs consider that the audit
requirement of Regulation 1011llal to Ic) of the 2006 Accounts Regulations does not appty. It is my responsibility
lo examine the financial statements as required under Seetion 4411 Ilcl of thè Aet and to slate whether partieular
matters have come to my attention.
Basis of independent exarninerfs ststement
My examination is carried out in accordance with Regulatlon 11 of the Chaiities Accounts (Scotland) Regulations
2006. An examination includes a review of the accounb'ng ￿CordS kept by the charity and a comparison of the
finanaal slalements presented wth those records. It also includes consideration of any unusual rtems or
disclosures in the financial ststemenls, and seeking explanations from the Iruslees con¢eming any such matters.
The procedures undertaken do not provide all the evidence that woukl be required in an audit and consequenlly I
do not express an audit opinion on the view given by the financial statements.
Independent examlnerfs ststement
In connection with my examination. no matter has come to my attenllon..
lal which gives me reasonablg c8USe to believe that in any material respect the requirements..
lil to keep accounting records in aCcOrda￿e with section 44111 (al of the 2005 Ad and Regulation 4 cl
the 20C6 Account$ Regulations,. and
lil) to prepare financial statements which accord wth the accounting reeLJrds and compty wlh Regulation
8 of the 20C6 Accounts Regulations.,
have not been met or
Ibl to which, in my opinion, attention should be drawn in order to enable a proper undorstanding of I
financial slalemenls lo bg reache(l.
Relevant Professional Body.. The Institute of Chartered Accounlanls in England and Wales
Jthnston Smillie Ltd
5 South GOe Cre8cent Lan8
Edinburgh
EH12 9EG
Dated..
27.05.2025

THE CITY OF EDINBURGH METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Current financial year
Unrestrlctgd Restrlctgd Endowment
funds
funds
funds
2024
2024
2024
Totsl
Totsl
2024
2023
Notes
Income and endowm
Donations and legacies
Other trading activities
Investments
other income
fr
104,178
43,317
73,195
201,901
306,079
43,317
73,339
175,146
45,441
60.424
174,858
Total Income and endowments
220,690
201,901
422,735
455,869
Raising funds
42
16
58
167
Charitable activities
325,365
73,473
398,838
816,519
Total resources expended
325,407
73,473
16
398,896
816,686
Net gainslllossesl on investments
13
379
278
657
13771
Net movement in funds
1104,3381
128,428
406
24,496
1361,1941
Fund balances al 1 September 2023
124,688
2,403.422
6,599
2,534,709
2,895,903
Fund balances at 31 August 2024
20,350 2,531,850
7,005
2,559,205
2,534,709
The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

THE CITY OF EDINBURGH METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Prior financial year
Unrostrlctgd Restrlcled Endowment
funds
funds
funds
2023
2023
2023
Total
2023
Notes
Income and endowm
Donations and legacies
Other trading activities
Investments
other income
fr
126,956
45,441
60,245
48,190
175,146
45,441
60.424
174,858
179
174,858
Total Income and endowments
232,642
223,048
179
455,869
Raising funds
150
17
167
Charitable activities
321,855
494,664
816,519
Total resources expended
322,005
494,664
17
816,686
Net gainslllossesl on investments
13
12181
11591
13771
Gross transfers between ftjnds
Net movement in funds
14.529)
4,529
194,110} 1267,0871
1361,1941
Fund balances al 1 September 2022
218.798
2,670,509
6,596
2,895,903
Fund balances at 31 August 2023
124,688
2,403,422
6,599
2,534,709
The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aclivilies.

THE CITY OF EDINBURGH METHODIST CHURCH
BALANCE SHEET
ASAT31 AUGUST2024
2024
2023
Not&s
Fixed assets
Tangible assets
Investment propety
Investments
14
15
16
1,595,385
485,000
306,644
1,599,355
485,000
305.987
2,387,029
2,390,342
Current assets
Debtors
Cash al bank and in hand
17
28,998
212,458
34,402
184,637
241,456
219,039
Creditors- amounts falling due within
one year
18
157,5241
162,9161
Net currgnt a$s91$
183,932
156.123
Total assets less current Ilabllltles
2,570,961
2,546,465
Creditors- amounts falling due after
more than one year
19
{11,7561
111,7561
Nat assets
2,559,205
2,534.709
The funds of tha Church
Endowment funds
Restricted income funtls
Unreslricled funds
21
22
7,005
2,531,850
20,350
6,599
2,403,422
124,688
2,559,205
2,534,709
12-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
Charity information
The City of Edinburgh Methodist Church is an unincorporated charity registered in Scotland Ino SC0396551.
The registered office is 25 Nicolson Square, Edinburgh, EH8 9BX.
1.1 Accounting convention
The financial slalements have been prepared in accordance with the Church's goveming document, the
Charities and Trustee Investment (Scollandl Act 2005, the Charities Accounts Iscollandl Regulations 2006
las amended), "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20191
and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1
January 20191. The Church is a Public Benefit Entity as defined by FRS 102.
The Church has taken advantsge of the provisions in the SORP for small charities not to prepare a Slalement
of Cash Flows.
The financial statements are prepared In sterling, which is the functional cutrency of the Church. Monetsry
amoun15 in these financial statements are rounded to the nearest £.
The finanaal statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and lo include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Golng ¢onc9m
At the time of approving the financial slalemenls, the Church Council Members have a reasonable
expectation that the Church has adequate resources to continue in operational existence for the foreseeable
future. The Church has several sources of Income and a significant level of funds held In bank accounts, the
Church Council Members believe that the Church will have sufficient funds to be able lo continue as a going
concem for a period of not less than 12 months from the date of approval of these financial s￿lem￿lS. Thus
the Church Council Members continue lo adopt the going concern basis of accounting in preparing the
financial slatemenls.
1.3 Charltsble funds
Unrestrided funds are available for use al the discretion of the Church Council Members in furtherance of
their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject lo speafic conditions by donors that the capital musl be maintained by the
Church.
1.4 Income
Income is recognised when the Church is legally enlilled lo it after any performance conditions have been
met, the amounts Can be measured reliably, and it is probable that income will be re￿ived.
Cash donations are recognised on re￿ipt. Other donations are re￿gnised On￿ the Chur¢h has been notified
of the donation. unless performan￿ conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re￿Ipl or otherwise if the Church has been notified of an impending dislribulion,
the arnounl is known, and receipt Is expected.
13-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcles
IContlnu•d}
Govemment grants are recognised at the fair value of the asset received or receivable when there is
reasonable assurance that the grant conditions wll be mel and the grants will be Tecewed.
A grant that specrftes performance conditions is recognised in income when the perf0rrnan￿ conditions are
met Where a grant does not spècify performance conditions rt is recognised in Income when the proceeds are
received or rtteivable. A grant received before the recognition criteria are satisfied 18 recognised as a liability.
Deferred income represents rental ineome received in the year in respect of periods post year end.
1.6 Expenditure
Resources expended are included in the Slalemenl of Financial Activities on an accruals basis. They are
recognised once there is a legal or constructive obligation to make a payment to a third paty, probatrAe
that setdemenl wll be required and the amount of the obligation can be measured or estimated reliably.
Expenditure is dassrfied under the fdlowing actNity headings..
Charitsble expenditure comprise$ those ¢o$l$ incurred by the charty in t￿ delivery of its adivrties
and senrices for its ben8fiaaries.
Costs of generating funds comprise investment management fees.
Irrecoverable VAT is tharged against the category of resources expended forwhich it was incurred.
1.6 Tanglble fixed asstts
Tangible fixed assets are inilialty measured at cost and Subsequently measured at cost or vahJ81ion, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the follt)wng bases..
Land and buildings
Equipment
not depreciated
varying rates from lo￿33.33% Straight Ine
The gain or loss arrsing on the disposal of an asset is determined as the difference between the sale proGeed$
and the carrying value of the asset, and is recognised in the statement of financAz4 actrvities.
The charity's ￿lCY is to capiiaise all fixed assets wth a value over £500.
Tangible fixed assets indude church he￿la￿e propety and investsnenl properties which are included in the
balance sheet at cost. The Iruslees consider the lives of the church properties are so long and th&r residual
values so high bayèd on the lalesl valuation that the annual depreualion charge and accumulated
depreciation is not material. Accordingly, no depreciation has been provided on church heritable property.
Under Methodist Church practices, t￿e to property is held by Trusteès for Methodist Church Purposes as
custodian trustees and the church is the managing trustee responsible for the upkeep of the property and is
entitled to any income arising on the use of the property. Methodist Church guidance require5 the relevant
managing Iruslee to indude respective property assets in its balance sheeL
1.7 InV￿tment property
Investment property. %thich is property held lo eam rentals arbdlor capitsl appreoation, is inib'ally
recognised at cost. which Inc￿￿eS the purchase cost and any directty attributable expenditure. Subsequendy
il is measured al fair value at the repKsrting end date. The surF4us or def ot on revaluation is recognised in
profit or loss.
14-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policias
(Continuadl
1.8 Flxed asset Investments
Fixed asset investments are initially measured at transaction price excluding Iransadion Costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
1.9 Impairment of fixed assets
At each reporting end dalè, the Church reviews the carrying amounts of ils tangible assets lo determine
whether there is any indication that those assets have suffered an impairment loss. If any such indtation
exists, the recoverable amount of the asset is eslimaled in order lo detemiine the extent of the impairment
loss lif any).
1.10 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call ￿rith banks, other short-lerm liquid
investments wth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Flnanclal Instruments
The Church has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Finanaal instruments are recognised in the Church's balance sheet when the Church becomes party lo the
contractual provisions of the instrument.
FinancAal assets and Iiabililies are offset, wth the nel amounts prèsented in the financial slalements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to setue on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured *
transaction price Induding transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is
measured at the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, Including creditor5 and bank108ns are inf(ially recognised al transaction price unless
the atrangemenl conslilules a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the Ordin￿ Course of
operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction pri￿ and subsequently measured al amortised wsl using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Church's conlra¢lual obligations expire or are discharged or
¢ancelled.
15-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policias
(Continuadl
1.12 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's servi￿$ are
received.
Termination benefits are recognised immediately as an expense when the Church is demonstrably committed
to lerminale the employment of an employee or to provide temiination benefits.
1.13 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accountlng estlmates and judgements
In the application of the Church's accounting policies, the Church Council Members arè required to make
judgements, estimate5 and assumptions about the carrying smount of assets and Iiabililies that are not readily
apparent from other sources. The èstimates and associated assumptions are based on historical èxperience
and other factors that are considered to be relevant. Actual results may differ from these eslimales.
The eslimales and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affects wly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants
104,178
2,398
199,503
106,578
199,503
126,956
48,190
175,146
104,178
201,901
306,079
126,956
48,190
175,146
Income from other trading activities
Unr9$trl¢ted Unrgstrlctgd
funds
funds
2024
2023
Room hire income
Sundry income
43,317
44,000
1,441
Other trading activities
43,317
45,441
16-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Income from investments
Unrestricted Endowment
funds
funds
2024
2024
Totsl Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Rental income
Income from unlisted
investments
69,846
69,846
57,928
57,928
3,349
144
3,493
2,317
179
2,496
73,195
144
73,339
60,245
179
60,424
Other Income
Restricted
funds
2024
Restricted
funds
2023
Net gain on disposal of tangible fixed assets
174,858
Raising funds
Unrestrlcted Endowment
funds
funds
general
2024
Total
Totsl
2024
2024
2023
Investment management fees
42
16
58
167
42
16
58
167
For the year ended 31 August 2023
Investment management fees
150
17
167
For the year ended 31 August 2023
150
17
167
17-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Charitable activities
2024
2023
Staff costs
Depreciation
Property expenses
Donations paid
Circuit assessment
Legal and professional fees
16,519
3,970
151.610
3,090
137,999
11,242
20,114
9,437
146,675
485.865
140,000
1,479
324,430
803,570
Share of support costs (see note 91
sha￿ ol governance costs Isee note 91
67,316
7,092
8,539
4,410
398,838
816,519
Analysls by fund
Unrestricted funds
Reslricled funds
325,365
73,473
398,838
For the year ended 31 August 2023
Unrestricted funds
Restricted funds
321.855
494,664
816,519
Included in 'donalions paid, is £Nil12023".£485,2021 which was transferred lo the Scotland Dislricl following
the sale of the propety at 1 Junction Place, Edinburgh during the year.
Support costs allocated to actlvltles
2024
2023
Office costs
Telephone & broadband
Bank charges
Management charge
Governance costs
4,611
4,743
283
57,679
7,092
4,394
4,075
70
4,410
74,408
12,949
Analysed between:
Charitable activities
74,408
12,949
18-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Support costs allocated to activitios
(Continuadl
Support costs have not been separately identified as the Trustees consider there lo be one charitable aclivily,
which is lo transform the community by sharing God's love through working with and for others.
The management charge of £57,67912023'. £nill consists of amounts payable lo Central Hall Westminster for
facilities management and adminislralive assistance.
10 Net movement in funds
2024
2023
The net movement in funds is stated after chargingllcreditingl..
Fees payable for the independent examination of the charity's financial
stslemenls
Depreciation of owned tangible fixed assets
Lossllprofill on disposal of tangible fixed assets
7.092
3,970
4,410
9,437
1174,8581
11
Church Council Membe
None of the Church Council Members lor any persons connected with theml re￿iVed any remuneration or
benefits from the Church during the year12023'. no Church Council Members received any remuneration).
12 Employees
The average monthly number of employees during the year was".
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social secLJrity costs
Other pension costs
15,975
19,116
364
634
525
16,519
20.114
No Employees received emoluments of more than £60,000 in either year.
I ministers appointed to the Forth Valley Circuit are paid ￿ntrallY from the Melhodisl Church in London
th the costs being apportioned lo the Circuit, which in turn induded those sums within the Assessment paid
by ChLJrch Congregations.
19-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
13 Gains and losses on investments
Unrestricted Endowment
funds
funds
2024
2024
Totsl Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Gainslllossesl arising on..
Revaluation of
investments
379
278
657
12181
11591
13771
14 Tanglblg flxgd a$$*ts
Land and
buildings
Equlpment
Total
Cost
At 1 September 2023
1,577,466
145,286 1,722,752
At 31 August 2024
1,577,466
145,286 1,722,752
Depreciation and impairment
At 1 September 2023
Depreciation charged in the year
123,397
3,970
123,397
3,970
At 31 August 2024
127,367
127,367
Carrying amount
At 31 August 2024
1,577.466
17,919 1,595.385
At 31 August 2023
1,577,466
21,889 1,599,355
Under Melhodisl Church practices, title to property is held by Trustees for Melhodisl Church Purposes as
custodian Iruslees and the church is the managing Iruslee responsible for the upkeep of the property and is
enlilled lo any income arising on the use of the propety. Melhodisl Church guidance requires the relevant
managing Iruslee lo include respective property assets in ils balance sheet.
15 Investment property
2024
Fair value
At 1 September 2023 and 31 August 2024
485,000
Under Methodist Church practices. lille to property is held by Trustees for Methodist Church Purp(k8es as
Custodian trustees and the church is the managing trustee responsible for the upkeep of the property and is
entitled to any income arising on the use of the property. Methodist Church guidan￿ reqLJires the relevant
managing trustee to include respective property assets in ils balance sheet.
-20-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
16 Fixed asset investments
Llste(I
Unllsted
Investments Investments
Total
Cost or valuation
At 1 September 2023
Valuation changes
8,487
657
297,500
305,987
657
At 31 August 2024
9,144
297,500
306,644
Carrying amount
At 31 August 2024
9,144
297,500
306,644
At 31 August 2023
8,487
297,500
305,987
17 Debtors
2024
2023
Amounts falling due within one year..
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
2,933
12,504
21
4,334
6,512
8,051
6,709
3,924
19,792
25,196
2024
2023
Amounts tslllng due after morg than on& year:
Tenants, deposits
9,206
9,206
Total debtors
28,998
34,402
Tenants, deposits of £9,20612023." £9,20618re held in a separate bank account relating to the properties at 4
and 12-16 Ead Grey Street.
21

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
18 Creditors- amounts falling due within one year
2024
2023
Trade ¢redilors
Other creditors
Accruals and deferred income
9,877
3,941
43,706
2,285
7,452
53,179
57,524
62.916
19 Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
11,756
11,756
Tenants, deposits of £9,20612023.' £9,206) are held in a separate bank account relating to the properties at 4
and 12-16 Earf Grey Street.
The remaining balance represents a tenants deposit of £2,55012023'. £2,550) relating to a lease of part of the
property at 25 Nicolson Square.
20 Retirement benefit schemes
2024
2023
Deflned contrlbutlon schemes
Charge lo profit or loss in respect of defined contribution schemes
525
634
The Church operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Church in an independently administered fund.
-22-

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THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
23 Unrestricted funds
At1
September
2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 August
losses
2024
The Angove
Bequest
Brian Curtis
Bequest
Wesley Flat
repairs
Welcome fund
General funds
80,823
80,823
10,000
10,000
781
10,000
23,084
2,803
17481
2,836
10,000
183,3091
217,887
1324,6591
379
124,688
220,690
1325,4071
379
20,350
Previous year:
At1
September
2022
Incoming
resources
Resources
expended
Transfers
Gains and At 31 August
losses
2023
The Angove
Bequest
Brian Curtis
Bequest
Wesley Flat
repairs
Welcome fund
General funds
80,823
80,823
10,000
10,000
703
2,671
10,000
219,971
12,5931
781
10,000
23,084
127,272
1319,4121
14,5291
12181
218,798
232,642
1322,0051
14,5291
12181
124,688
TheAngove Bequest fund represents a legacy which is lo be used for special Church improvement.
The Brian Curtis fund represents a legacy which is lo be used for the improvement of the AV and streaming
faalilies at the church.
The Wesley Flat repairs fund was set up in the previous year. A proportion of the rental income received from
the Wesley flat is designated in order to help cover the costs of repair work on the flat.
The Welcome fund represents a donation of £10,000 received during the year to support the Church's
'welcome'.
-26-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
24 Analysis of net assets between funds
Unrestrlcted
fund$
2024
Restrl¢ted Endowment
fund$
funds
2024
2024
Total
2024
At 31 August 2024..
Tangible assets
Investment properties
Investments
Current asselsllliabilitiesl
Long term liabilities
1,595,385
485,000
297,500
153,965
1,595,385
485,000
306,644
183,932
111,7561
5,282
26,824
111,7561
3,862
3,143
20,350
2,531,850
7,005
2,559,205
Unrestricted
funds
2023
Restricted Endowment
funds
funds
2023
2023
Total
2023
At 31 August 2023..
Tangible assets
Investment properties
Investments
Current asselsllliabililiesl
Long term liabilities
1,599,355
485,000
297,500
21,567
1,599.355
485,000
305,987
156,123
111,7561
4,902
131,542
111,7561
3,585
3,014
124,688
2,403,422
6,599
2,534,709
25 Operating lease commitments
Les$99
At the reporting end date the Church had outstanding commitments for future minimum lease payments under
non-can￿lIable operating leases, which fall due as follows..
2024
2023
Vlfithin one year
Be￿een fv40 and five years
3,586
13,745
3.830
3,830
17,331
7,660
26 Flnanclal commltments. guarantees and contlngent Ilabllltles
At the year end there were conlingenl liabilities due to the Relief and Extension Fund for Methodism in
Scotland of £17,550 in relation to the Nicolson Square premises12023.. £17,550).
-27-

THE CITY OF EDINBURGH METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
27 Related party transactions
No Church Council Members re￿iVed remuneration during the year 12023.. no Church Council Members
received remuneralionl.
No Church Council Members received reimbursement of expenses in the year12023.' one Church Council
Member received reimbursement of £531.
During the year, a lolal of £14,362 was donated to the Church by the Trustees12023.. £16,705).
-28-