Tra¢kir¥J ID.. 1￿2?￿l252989 Charity R•glstratlon No. SC039655 Iseotlandl THE CITY OF EDINBURGH METHODIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Church Counell Mèmbèrs Miss C Stark Mr L R Smalridge Mrs M Sawkins Mr J Sawkins Rev K Pearce Re¥ J Patron Bell MrA Singh Mfs P Samas Mr L Freeman Dr A Nuttall Mr E ThVus￿Ansha Ms H C Curtis Mr D Hughes Mrs A Woodfin Re¥ A Stevenson Ms S Quartey Mx l Brannen Ms G Mutyiri Mrs M Hellewell Re¥ D Georg& (Appointed 1 Seplernber 20241 (Appointed 1 S December 20241 (Appointed 15 De¢ember 20241 (Appointed 1 Septernber 20251 (Appointed 1 Sèptèmber 20251 Ch•rlty numb•r IS¢otlondl SC039655 ReglJteTrd tsfflce 25 Nicolson Square Edinburgh EH8 9BX Ind•p•ndènt •xamlnèr Johnston Smdli8 Ltd 5 Sovlh G￿e Crescent Lane Edinburgh EH12 9EG Custodian Tru81••8 Trustees foi Methodist Church Purposès Cenlral Buildings Oldham Street Manchester M1 1JQ Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH CONTENTS Pagè Trustees report Independent examiners report Statement of financid activities 10-11 B81an¢e sheet 12 Notes lo the financial stslem*nl$ 13-28 Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Church Councl Members present their annual report and finanual statements for the year ended 31 August 2025. The financial staternents have been prepaied in ac¢x>rdance wilh the acrA)unting poliaes set out in note 1 to the rinancial statements and comKAy with the Churth's consb"tution, the Charities and Trustee Investment (Scollandl Act 2005, the Charrties Accounts (Scotlandl Regulations las amended) and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard apF4icat4e in the UK and RepuNic ol Ireland IFRS 1021" leffective 1 January 20191. ObJg¢tlve¥ ond octivitlg¥ The vision of the City of Edinburgh Methodist Church ICEMCI is to be an indusive community in the heart of the city where we Share God's love through working with and lor olhers. lo translomi our community and the world. The mission priorities 8gree¢J by thtr Church Councd are consislenl with the four aims of the Methalisl Church in Great Brltaln.. wor$hlp. learning and ¢anng, servicè, evangelism. Aetlvltl•s CEMC conducts a wide range of aclwities in 8 number of areas. induding 25 Nicolson Squa￿, and other locations across the City and wider area. A number of activities are also based in the digital sphere. 1. Wor8hlp We share in worship, prayer and fellowship. This involves Sunday moming worship. Wednesday evenitYJ services, and Wednesday at 'The Well,. These are supported by a team ol volunteers dealing wth lectrnical matters, and worship leader& Z L•amlng and Carlng CEMC has sèver81 small groups, that me&t to dsepen Christian di$¢iF4¢$hip". the$¢ indude a number of house and small groups. meeting both onsite and online. We have a system of pastoral care, undertaken by volunteer pastoral visitors alongside the church minisler. Servlce CEMC provides pradic81, financial. volunteer. and 8dminislr8tive support to a variety of organi53lion8 linduding YMCA Edinburgh SCIO. Courts Listèning Sèrvic&. 8eEhèny Chnstièn Twst, Christi&n Aid and Sotjl Foorl, among others). We are a 'Feslival Fringe Venue,, now facdrtating this wthin Nicclson Square Venues. We also support and a￿ part of Erlinburgh Churches Together. Newington Chu￿￿eS Tog&ther and the Edffnburyh Int8rf8lth Association. We a￿ part ol the Methodist Heritage mo¥emenL Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and perfomiance G•n8ral Church Work During the year a review of the ongoing mission and ministry al CEMC has been undertaken. this lo set a new agenda for the year 202>26. This was done through a number of consultalH)ns with the congregation, and the Church Stewards working with the minister to refine the results and p￿sent this to the Church Counal for agreemenL Worshlp Through the year we have worked around the Main Sunday SeThice, to maintain the high quality and authentically Methodist character. including the O￿lne 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 online continues to be supported well. with a regular attendance of belween 10 and 20. and a number of drfferenl leaders. however in April 2025 these services where suspended, due to a shortage of both hosts and leader. These services have bèen a pOs￿"V* contribution to the growin9 and mainlainin9 01 the faith of the congregation. Church wide prayer life has continues. wrfh prayer groups meeting daily on weekdays. L•arning & Caring Pastoral carelpa5t0r￿ netsvork Ibolh fonnal through pastor81 Carers and inforniall, Carè 8nd attention, loving concern continues %4thhin Ihtr ¢ongregalion. A number of small groups have continued to meet. some based on geographic areas. some shottrlem) Bible studies, and others been groups wrth a comnw)n IntefesL These all offer an opportunity for people to eX￿ore farth aside from worship. budding up people both inside 8nd outside church in faith and discipleship. Provision lor children and young peO￿e has continues. supported by the children and young people learn. Some young peopl& from CEMC 81$0 attended 3G&ner81tr IThe Meihodisl Youth A8semtAyl 48 October 2024. S•tvlc• We continue to work with local unNersty thaplaincies and our Young Adults group continues to meet monthly. CEMC has conlinued to work wilh and support W￿er work across Edinburgh and the region, induding the ongoing work with YMCA Edinburgh. supporl lor Bethany Chrisli8n Trust and the Courts Listening Service In usè of the building. Our partnership wth Edinburyh Cty Mission to providè thè Soul Food on a Monday e¥ening, also continued through the year. Evangellsm We have conbnued to develop the welC￿Me offered by both the cOng￿gatiOn and the building.. this has induded improving our publicity and signage. We have linked wlh the Methodisl Church's Connexion81 Evangelism 8nd Growlh Strategy, especial 8iound how the Methodist Churth presence at the festivals in Edinburgh. This h85 seen a working party from the ￿der Methodisl Church and induding membets drawn from CEMC faalitating "Lost in Wondert as part of the Fringe. Establishment of Nicolson Square Venues Limited Over the end of 202&24 and Into 2024-25 financial year, has beèn unde￿aY to estslAi5h Nicolson Squarè Venues Limrted (Company number SC828337) as a tsading company of CEMC, this was achieved in Novèmbèr 2024, and the relationship conbnues to develop. Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Financial review Net outgoing resources belore transfers and revaluats.ons totalled £94,808 12024". Net incoming resources £23,839). Total Incoming resources were £377,253 12024". £422,7351. Total resources expended came to £472.06112024. £398,896). Choritable income The main sources of tharit8trAe inrA)me in 2024125 were collecbons and donations, gr8nl income. inve5trnenl income, room hire. and vÈnu6 hirè & catering. Investment propety income was £1.023 higher than in 2023r24. The￿ were additional rent receipts from The Thornas Hughes Foundation. however Ihe Wesley flal became vacant during the financial year. At £39,800, incorne from roorn hire was £3,517 lower Ihan in the previous year. One of the rooms becarne vacant during the financial year. Charltablè 8xp•rtdltur• The largest Items of expenditure wefe propert*related costs, and the CEMC'$ ¢ontnbutlon to the Forth Valley Circubt. Employment costs also accounted for a lion's share of the resL Assets and Liabilities In order to ea8e a deteriorating cash balance. we wll draw on our finanri81 investments in the ¢Miing year. This will enable us lo a99ressivdy address room letting and other $our¢es of income. R•8•lV•8 Reasons for retaining free rese￿e$.. Free reserves are unspent funds for which no parlHyJlar purpose has been idenlffied for the time being. This is in addition lo rnoney prudenity set aside for known future expendilure Idesignaled fund31. The rnanaging Iruslees hav& id&ntifie¢J the following main r&a$on$ lor holding Iree reserve$. 1. As prudent provlsion for unknown lutura expendrture e.g. unèxpected d•t•rioratlon of some part of the buildings. The trustees nole, in this regard. Ihe age and. in Ihe case of the premises at Nicolson &uare, A-listed status of the buildings. 2. As prudent provision again$1 unexpected loss or redu¢iion of income e.g. unexpected loss tsf income from lessees. The Iruslees note, in this regard. the Church's obli9ations lo empk)yee$. 3. As a strategk finanaal resource to'pumpprfjm&' new inrtiatNes in fdfilment of the church's mlsslon. Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Reserves Icontinuedl The level of free reserves deemed appropriate by the managing Irustees wll vary from year to year. The Fin8nce. Development and Propety Group 15 responsible for recommending a specific figure lo the Church Council annualty- This ffigure is rerA)rded in the minutes ol the apptopriate Church Council meebng. The current approved pc4icy is to target a level of free ￿SelveS of £141.1)00. This is made up of the following elernenls.. Contingency Uninsured property repairs Retail units vacant Increase in Circurt Assessment Staff ￿dun(lanc*es Basis of c81cul8tion 50/ts book value. inflatiowdjusted 2 units vacanl lor 12 ftw)nths 10% increase Reser*es 1£ 100.000 25,000 14,000 The actual amount of unrestricted reserves hdd as at 31 Augusl 2025 was £5.053 12024.. £20.3501. This is signrfic8ntly below the desired level ol Iree reserves. prim8rfy due to vacant properties, higher property expenditure this year, along with pumtwriming the work wilh NSV Limited. along with a redudion in donation$ 8n¢J grant in¢om¥. This approa¢h recognise$ the lad thal CEMC'$ positive balance of re$tri¢te¢J fiJnd$ is held in assets that are either illiquid or producing income that is currenty fequired to support annual expenditure. R&strict•d lunds Restricted funds amounted lo £2.453,242 12024.. £2.531.850I at the balance sheet date. Of this. £1.594,191 consists of land. buildings and equipment utilised by CEMC and rts associated charities. The balance consists 18r9ety of inv$slmenl prop&rties together with olh&r inv&slmenls, l&$$ loans and other liabilili&$. M•lnt•naneè of R•s•Th•s Finance. Development and Propety Group a￿ ￿sponsible lor monitoring and maintaining the level of reseNes. Inlomation on these activities is included in re9￿ar reports lo the managing trustees. Pollcy R￿l￿W The Finance, D&velopmenl and Property Group reviews the Reserves Poliry. annualty. Ch8n9&s lo the poli¢y requlre the approval of the managing trustees. No change to this has been recommended since March 2023. Inv•stm•nt Pollcy Funds not imrnedialdy required. indvding bequests and other lunds held in tnjsl by The Trustees for Methodist Church Purposes, are invested through the Methodist ChuTch's in-house investment manager, the Central Finance Board ICFBI of the Methodi51 Churth. Rl8k Manag•m•ftt The trustees have reviewe¢J the major risks to which lh& chanty is exposed 8nd put in place systerrs to mitigate those risks. The areas of risk conwdered lo be nw)st signrf￿nl and corresponding actKJn to manage them are as follows.. Risk MitigalK)n Unexpected property repairs. A'Quinquennial' Building Condrtion Report is commissioned every five years from a qualthed sUrv￿Or and recommendats.ons followed. An annual llal roof inspeth.on is undertaken. Unexpected loss of income Irom investment properties.. Risk factored into free ￿serveS policy. Risk spread belween three properties. Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Future Plans As outlined in the CEMC'S mission Flan. which was approved by the Church Councl in June 2025. the priorities for the corning year are.. Worshlp Develop a Worship conS￿￿tion Group- to have a group to carry out and oversee the priorities around worship Sunday worship- to continue lo support the main Sunday act of worship Develop a diversty of worship Midweek online worship- review how Mi<￿ek wotship is resourced L••mlng & Carlng Welcome- develop a Cullu￿ of welcome wth the church Develop the Church directory- to assist with building of communty wthin the church Work with chIld￿n and young people- to both support the needs of chiklren and young people in the congre9ation and also support ¢hose who work wilh Ihem Develop the $oual1rf8 of CEMC- to allow lor f8llowship and building ¢f￿MMUnIty among the ¢ongre9alion Small groups- allow the needs of the communty to deep and develop faith to be met Servic• Develop a Service Coordinating Group- lo have a group lo carry out and oversee the priorities around service Engage with community groups around the building- lo d&vekJp good link$ wilh10¢o1 ¢ommunity groups and be an a¢tive part of work thal 1$ already happening Soul Food- to continue supporting and ¥Yo￿1n9 vthh Soul Food around the provision of the meal Evang•llsm Develop an Evangelism coordinalion group- io have 8 group to cary and oversee the prioritie8 8round evangelism Evangelism training- lo foster a CUttu￿ of ¢onfiden¢e evangelism Develop evangelism opportunrties- lo have a shared vnlness to the good news of Chrfst Linking with the Connexional God for AJI Strategy- to coniinue to develop the Lost in Wonder work Support Cornrnunication- lo share news and foster community within CEMC and keep congregation informed olwhal is happening Justi¢e, Dignity and S(Aidarity IJDSI- embèdding Ihtr JDS work into Ihtr ¢ullure of CEMC Building- to have a building rrt for purpose and also contnbule to the care of God's Creat￿Th, and the ActM)n for Hope strategy ofthe Methodist Church The Trustees acknovAedge there is uncertainty about the futu￿. however CEMC continues to fvlfil it5 charitatAe objectives. Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure, governance and management The goveming document for the Methodist Churd) in Great Britain is-The Constitutional Practice and Disapline of the Methodist Church. (latest revision 20241. Seth"on 6 deals with the govemance of local churches. Charity Constitution All rnembers of the Church are entrtled to vote at the General Church Meeting which is convened at least annually. In addition to mutual counsel as to the condition of Ihe Churth, the fvnction of the meeting is to elect church stèwards and reprèsentats.vès to thè Church Countsl. For the year 1 st September 2024 10 31st August 202S. membership of ihe Church Councl consists of.. The Ministers Church Stew8rds (elected by Gener81 Church Meeting) Treasurer lappoinled by councill The Secretary ol the Pastoral Committee (appointed by lh& ¢ouncll The Secretary ol the counal (appointed by the counall Be￿eeTr six and f￿een represenlalives elected by the General Church Meeting Up lo fifteen additional persons appoinled by the councAI to ensure adequate representation from all areas of the church's lrfe One tsrcurt 8teward appointed by the tyre￿1t 61ewards The Members who served during the y&¥r and up lo the dale of S￿nature of lh& finan¢i81 stal¥mon¢s wofe.. Miss C Stsrk Mr L R Smalri¢Jge Mrs M Freeman Mrs M Sawkins Mr J Sawkins Rev K Pearce Rev J Patron B¢ll Mrs J Odorn MrA Singh Mrs P Sarnasuwo Mr L Freeman Dr A Nutt811 Mr E OwusuvAnsha Ms H C Curti$ Mr D Hughes Mrs A Woodfin Rev A Stevenson DrA Pennington (Resigned 31 August 20251 (Resigned 31 August 20251 (Appointed 1 September 2024 and res￿Tred 5 November 20251 (Appointed 1 September 20241 (Appointed 15 December 20241 (Appointed 15 December 20241 (Appointed 6 Odober 2024 and resigned 20 July 20251 (Appointed 1 September 20251 (Appointed 1 Septembei 20251 Ms S Quartey Mx l Brannen Ms G Mutyiri Mr L Carnpbell Mrs M Hellewell Rev D Georgo Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Trustee Recruitment and Training Ministers with pastoral oversight are Trustees by vtrtue of Iheir appointmenL The Circuit stewards appoint one of their nurnber 85 8 Trustee. Other Trustee vacancies come from within the church rnember5hip. either through direct election, appointment to an office OT 1X￿ption. 01 these, the Genetsl Church Meeting elects congregats.onal representatives to Church Councl as well as Church Stewards who serve on the Leadership Team. The Church Counal elecls ils own Secretary. the Secretary of the Pastoral Committee and the Treasurer, and ctropted those it wishes to represent speafic parts ol the life of the church. The Constitutional Practice and Discipline of the Methodisl Church sets oul the responsibilities of Methodist trustees and office bearers. Further guidance is available from the website ol the Methodist Church. Training in the responsibilities of trustees and developments in charity regulation is Pfovided by the Methodist Church'$ Leaming Network. Staff and Volunto•rs Over the year the paid staff of CEMC induded the D1￿ctOr of Music and Organist. and the Church Administrator, along wrth the events business staff during the earty part of Ihe year before they underwent TUPE lo Ni¢0150n Square Venues Limiled. The substanbal ¢ontribub"on made by volunteers lo the life 8nd activiti¥$ ol the ¢hur¢h indude$ Iht following ore•$-. l Trustees, other than the Minislers, a￿ volunteers Stewards and other office bearers Local Preachers and Worship Leaders Pastoral Visilors Leadership ol small groups Thosè invdved in work %•rith young people and safeguarding Other contributions to worship services." choir, welcomers, ¢ommun*)n stewards, lealcoffee, arrangement and distribution of flowers Members of the Finance. Developmenl and Propety Group Board members of YMCA Edinburgh and volunteer support for YMCA activities Fundr8i5in9 and awarene55 rai5in9 in Ihe church on behall ol o¢her charitiès e.g. Annual Church Project Maintaining link$ with the wi¢J&r Melhoai$l Conn&xion Ecumenical and inter-faith work Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Organisational Structure The Cty of Edinburgh Methodtst Church is registered as a charty in Scodand Ino. SC0396551. The church is P8rt of the Forth Valley Circurt131131 (Charity Registration No. SC0379501. which in turn is p8rt of the Synod of the Methodist Church in Scotland Ichartty Reg15tration No. SC0380981 of the Melhodist Church in Great Britain Icharity number." 11322081. From the 1st of September 2025, the Forth Valley Circurt131131 will be uniting into the Scotland Circuit (Charity Registration No. SCLK121591. The Church Councl Members are the Trustees of the charity and Managing Trustees of the property and Model Trust monies (the Custodian Trustee5 for the propety and Model Trust monies are the Trustees for Methodist Church Purposes- Registered Charity No. 1136358. 8 body corporate established by the Methodist Church Act 19391. The Church Cound meets al leasl louf times each year. It is responsible for achieving CEMC'S mission. an¢J for the appointment ol office bearers and commrtlees to enact the agreed strategies. CEMC has dose constitutional and operational ties with one hjrther chanty. YMCA Edinburgh SCIO (Charity R8gislration No SC048494? w0￿S with young people 8nd farnilies in Edinburgh. GEMC have Ihe righl lo appoint fourof the board memb8rs for YMCA Edinburgh. howevgr thi$ ￿latIonshIp is Cu￿n11Y under ￿vIeW, ar￿ GEMC have agfftd Ihat the righl to 8ppoint bo8rd m&mbers is no l(Inger ￿qUIred lollowiftg the ¢hangAng relat￿nship WAlh the sale olth$ property 811 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 al whalever stage of their laith joumey. 1. To sèek adively through pfayer, pa$tofal ¢afe and other spiritual di$¢ipline$, lo allow the kingdom ol God to grow amongsl us such thal we all b•com¢ a¢tive partner$ in the mission of the church both as individuals and as a lailh community. 2. To follow the eXaM￿e ol Christ in caring for and championing the needs of the most vulnerable with an emphasis on working with partners and developing dear mission priorities for the use of our buildings. The Trustees report was approv￿ by the Board of Church Counal Memb&rs. A Jamu Pab4w Bdl He Rev J Patron Bell Ms H C Curtls Dated.. 7 June 2026 D8led..7 June 2026 Tra¢kir¥J ID.. 1￿2?￿l252989 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 financial ststements of the Church for Ihe yeai ended 31 August 2025, which ale set out on pages 10t028. Respectlve responslbllltles of Church Councll Iaembers and examlner The Church's Church Council Mernber$ are responsiNe for Ihe preparation of the fin8nci81 stslernents in accordance wrth the ternis ol the Charities and Trustee Investments ISco11andl Act 2005 and the Charrties Accounts Iscotlandl Regulations 2006. The charrtrfs Church Council Members consider that the audit requirement of Regulation 1011 Ilal to Icl ol Ihe 20[￿ Accounts Regulations does not aptty. 11 is my responsibility to examine the financial statements as required under section 4411 Ilcl of the Act and to state whether particular matters have corne to my attention. Ba$1$ of Ind¥ptrndort1 gx•mlnorf• $tst•m¥nt My examination is carried out in accordance with Regulation 1101 the Charities Accounts Iscotlandl Regulations 2006. An exarnination indudes a review of the accounting records kept by the charity and a cornpari50n ol the financial slaternents presented with those records. It also indudes consider8tion of any unusual items or disdosures in the financial slalernenl$, and seekin9 exrAanabons frorn the Iruslees conceming any su¢h rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenlly I do not express an audrt opinion on the wew given Oy the financial statements. Independent •xamIne￿$ Statem•nt In conne¢tion with my examination. no maltef has ¢ome to my attention.. lal which gives me reaSona￿e cause to believe Ihat in any material respect the requ1￿ments.. to keep accounting records In accordance with seclion 44111 lal of the 2￿)8 Act and Regulation 4 of the 2006 Accounts Regulations.. and lill lo prepare fin8noal st81ement$ which a¢¢ord wth Ihtr ac¢ounbng re¢ord$ and ¢ompty with Regulation 8 01 the 2006 Accounts Regulab'on$: have not been Met or Ibl to which. in my opinion, attenlion $hodd be drawn kn order to enable a proper un¢J&rstanding of tl flnancldl statements to be reached. M A PTaddei MAFCA CA Relevant Professional Body.. The Inslitute of Chartered Accountanls in England and Wales Johnston Smillie Ltd 5 South Gyle Crescent Lane Edinburgh EH129EG Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Current financial year Unr•strlctèd R•St￿tted Endowment funds funds funds 2025 2025 2025 Total Total 2025 2024 Notss Donations and legacies Other trading activities Investments Other income 119,563 39.8(X) 75,089 80.529 62,086 181,649 39.800 75,275 80.529 306,079 43,317 73,339 Totsl Incorn? and ?ndowm?nt* 314,981 62,086 377,253 422,735 Raising funds 147 1.079 1.226 58 Charitable activities 335,433 135.402 470,835 398,838 Total resources expended 335,580 135.402 1.079 472,061 398,896 Net gainslllossesl on investments 13 10 657 N•t loutgolnglllncomlng r•8oure•• b•fora tr8n8l•r8 120,589) (73,3181 18861 194,7911 24,498 Gross transfers bety￿en funds 5.292 15,2921 Net movement In funds 115.297} 178,6081 18861 194,7911 24.496 Fund balan¢es at 1 September 2024 20,350 2.531,850 7,IJOS 2,559,205 2,534,709 Fund balanc•8 at 31 August 2025 5,053 2,453,242 6,119 2,464,414 2,559,205 The slalement of finanri81 activities indudes all 98in5 and losses reco9nised in the year. All income 8nd expenditure derive from continuing activities. 10- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Prior financial year unr•st￿tted Rest￿tted Endowment funds funds funds 2024 2024 2024 Total 2024 Note¥ Donations and legacies Other trading activities Investments 104,178 43.317 73,195 201.901 306,079 43,317 73,339 144 Total Incomè and •ndowments 220,690 201.901 144 422,735 Raising funds 42 16 58 CharitstAe activitie8 325,365 73.473 398,838 Totsl r•8ourc*8 ¢xp¢nd•d 325,407 73,473 16 398,896 Nel gainslllossesl on investments 13 379 278 657 Nèt loutgolnglnn¢omlng r•8our¢•$ befor• tran8fèr8 1104,3381 128,428 4c6 24,496 mov•m•ni In tund$ 1104,3381 128,428 4c6 24,496 Fund balancés at 1 S8ptemb8r 2023 124,688 2,403,422 6,599 2,534,709 Fund balanc•8 at 31 August 2024 20,350 2,531.850 7,005 2,559,205 The statèment of finandal activities indudes all gains and losses recognis8d In the year. AJI Income and expenditure derive from continuing activities. 11 Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH BALANCE SHEET AS AT31 AUGUST2025 2025 2024 Notès Fixed assets Tangible assets Investrnent property Investments 14 15 16 1,594,191 485.000 306.661 1,595,385 485.000 306,644 2.385.852 2.387,029 Currant ass•ts Debtors Cash at bank and in hand 17 73.807 73.823 28.998 212,458 147.630 241.456 Cr•dltors'. #mounts l•lllng du• ¥Alhln on• y•ar 18 157.3121 157,5241 N•t curr•nt a880ts 90,318 183,932 Total a88et8 le88 current IlabllStl•s 2.476,170 2.570,961 Credltor8'. afflounts falllng du• after more than one year 19 111,7561 111,7561 N•t a8$•t• 2,464.414 2,559,205 Th? lund• ol the Church Endowment funds Restricted income fvnJ$ Unrestricted funds 21 22 6,119 2,453.242 5.053 7,005 2,531,850 20,350 2.464.414 2.559.205 The financial statements were approved by the Church Counul Members on 7 June 2026 A Jameo Path•rn Bell HCLb Rev J Patron Bell MsHCCU￿S 12- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Charity inforrnation The City of Edinburgh Methodist Church is an unincorporated charity registered in Scolland Ino SC0396551. The registered Offi￿ is 25 Nicclson Square. Edinburgh. EH8 98X. 1.1 Accounting convention The financial statements have been prepa￿ in accordance with the Church's goveming document. the Charities and Trustee Investmenl Iscodandl Act 2005. the Charities Accounts Iscodandl Regulations 2006 las arnendedl, 'Accounting and Reporting by Chanties.. Slatement of Recommended Practice applicable to ch8rities preparing their accounts in accordance with Ihe Finanri81 Reporting Stsndard 8pplicable in the UK and Republic ol Ireland IFRS 1021 las arnended for accounting periods cornmencin9 frorn 1 January 20191 and the Financial Reportin9 Standard applicAble in the UK and Republic of Ireland IFRS 1021 leffectsve 1 January 20191. Tho Church is a Public Benefit Entity as defined by FRS 102. The Church has taken advantage of the provisions in the SORP for small charities not to p￿pare a Statement of Cash Flows. The financial slalemenls are prepared in slerfin9. which is the ftJndion81 CUr￿neY of the Church. Mtsnètsry amounts in these financial stateménts arè rounded to th• nearèst £. The financial statements have been prepa￿ under the historical cost conventron, modified to include the revaluation of freehold properties and lo indude investment properties and certain financial instruments at fair value. The princApal accounting policies adopted a￿ set out below. Nicolson squa￿ Venues Limrted (company number SC828337I 15 8 trading sub5idi8ry of The City of Edinburgh Methodist Church. The trustee$ consider th•t lh& ¢harity is not required lo pr&par& con$didaled a¢counts under section 6 01 Thè Charrties Accounls (Scotlandl Regulations 20Cfj. A¢¢ordingly, thesg fin8n¢i81 $t8t•ments pr*$ent the results and financial position of th& ¢harity olon¥. 1.2 Golng concern At th6 time ol approving Ihè ffinancial statèments, the Church Council Membèrs have 8 re88on8ble èxpèctation that th6 Church has adequate resoufces to continuè in opefational existenc* for the foreseeable future. The Church has several sources ol income. and is taking steps to address the low levels of unrestricted funds, Ihe Church Counal Members believe that the Church will have sufficient funds to be able to continue as a going concern for a period of nol less than 12 months from the dale of approval of these financial Ststements. The Church Council Members also note Ihe church is committed to supporting 8 new trading subsidi8ry which has negative re5er¥es al the balance Sheet date. Thus the Church Council Mernber8 continuè to adopt the going con¢em basi$ of a¢¢ounb"ng in preparing the finanaal statements. 1.3 Charitable funds Unrestricted funds a￿ available for use at the discretion of the Church Counul Members in furtherance of their charitatAe objectives. Restricted funds are subject to specffic condth.ons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal statements. Endowment funds are subject to specthc condrtions by donors that the capital must be maintained by the Church. 1A Income Income is recognised when the Church is legalty entitled to it after any perforniance conditions have been met. the amounts can be measured reliabty. and is probable that income will be received. 13- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢coun¢ing policies (Continuedl Cash donations are recognised on receipL Other donaknons are recognised once the Church has been notified of the donation. unless perfomiance conditions require deferral of the amounl. Income tax recoverable in relation to donations re￿Ned under or deeds of covenant is recognised at the time of the donation. Legacies a￿ recognised on receipt or otherwse rf the Church has been notified of an impending distribution, the amount is known. and receipt is expecled. Government grants are ￿cogniSed at the lair value of the asset received or receivable when there is asona￿e assurance Ihal the grant condilions wll be mel and ihe granls will be received. A grant that specifie5 perfornanr£ cond￿OnS is recognised in income when the perfomiance condrtions are met. Wnere 8 grant does not specify performance condition5 r¢ is recognised in income when the proceeds are received or receivatAe. A 9r8nt reGeivetl before the recognition crileria afe $atisfied 1$ reco9ni$ed as 8 liability. Deferred income represents rental inrK)me receNed in the year in respect of periods p05t year end. 1.S Expendltur• Rèsources expended ar• induded in the Statement of Flnancial Activities on an accruals basls. They are recognised once there Is a legal or constructive obligation to make a payment to a third party, It s probable that settlement will be required and Ihe amunt ol the obligation can be measured or estimated reliabty. Expenditure is dassified under the following actwity headings.. Charitable expenditure coryiises those costs incurred by the charity in the delivery of rts activities and Se￿ICe5 lor its beneficiaries. Costs of gen&rating fun¢J$ ¢omprise inv¥$tm&nl m8na9¥menl f&&s. Irrecoverable VAT is charged against Ihe category of resources expended for which il was incurred. 1.6 Tan9lblè Ilxèd a*8• Tangible fixed assets are initialty measured at cost and subsequenfy MeaSu￿d at cost or valuation. net of depreciation and any impairmenl10$5es. DeprecAatron is recognised so as to wriie off the c￿1 or valuation of assets less their residual values over their useful INes on the followng bases.. Land and buldings Eouipment not dep￿￿ated varying rates from lov￿3.33% $lT8ight line The gain or Ios5 arising on the disposal of an asset is determined as Ihe dIffe￿nCe behyeen the sale proceeds and the carrying value of the assel. and is recognised in the stslemenl of finanryal 8clMbes. The chanty's policy is to capitslise all fixed assets vthh a value over £500. Tangible ffixed assets indude church herrtatAe property and investment propertie5 which are induded in th8 balance sheet at cost The ttustees consider the lives of the chuich pmperties are so long and their residual values so high based on the latest valuath.on that the annual depieaation charge and accumulated depreciation is not material. Accordingty. no depreuation has been provided on church heritable property. Under Methodist Church practices. trfle to property is held by Trustees for Methodist Church Purposes as Custodian trustees and the church is the managing trustee responsible for the upkeep of the propety and is entitled to any inwme arising on the use of the property- Methodist Church guidance requires the relevant managing trustee to indude respective property assets in tts balance sheet. 14- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢coun¢ing policies (Continuedl 1.7 Investment property Investment property. which is property held to eam rentals andloi for capitsl appreciatloll, 15 initially recognised at cost, which indud8s the purchase cost and any directty attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. 1.8 Flx•d ass•t Inv•stm•nts Fixed asset investments are initralty measured 8t transaction price exduding transaction costs. and are subsequently measured at fair value a¢ each reports'ng date. Changes in fair value are recognised in net incomellexpendf¢urel for the year. Transaction costs are expensed 8$ incurred. 1.9 Impaimient of fixed assets At each reporting end dale, the Church reviews the carying amo(tnts of its tangible assets to (Jetemlne whether there is any indication that those assets have suffered an impairnient loss. 11 any such indution exists, the recoveratle amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.10 Cash and cash equlval•nts C8sh and cash equivalents indud* ¢ash In h•na, a&po$rts held al Call with bank$, other short-term Ilquid Investments wbth ori9inal maturities of monlh$ or18$$, antl bank overdraft$. Bank ov8rdraft$ are Shown wbthin borrowings In current liabilrties. 1.11 Flnanclal Instruments The Church has elected lo ap￿ the prowsions of Seth"on 11 'ea$l¢ Finand81 In$trument$' and Sectlon 12 'Other Flnandal Instruménts Issu•s' of FRS 102 to all of rts finandal instrumènts. Financial instruments are recognised in the Church's balance sheet when the Church becornes party to the contractual provision5 of the instrument. Financial asset$ and liabilities are offset. vthh Ihe nel amounts p￿sented in V)e financial $18lemenls, when there is a legally enforceable nght to set off the ￿cOgnised amounts and there is an Intention to settle on a net basis or to realise the asset and setlle the l￿bil￿ simultaneously. Baslc flnanclal assets B8sic financial assets. which indude debtors and CAsh and bank balances. a￿ initially measured at transaction price Induding transaction costs and a￿ subsequenty camed at amortssed cost using the effective interest method unless the arrangemenl constrtules a ffinanung transaction, where the transaction is measured at the p￿sent vdue of the lulvre receipts discounted at a market rate of interest. Finanaal assets dassffjed as receivable wrthin one year are not amorti5ed. Basic financiTal liabilities Basic finanual liabilities. induding creditors and bank loans are inilialty recognised at transaction Pri￿ unless the arrangement constilules a financing transaction. where the debt inslrument is measured al the present value of the future payments discounted al a market rate of interesL Financial liabilrties da5sified a5 payable wrthin one year ale not amort15ed. Debt instruments are svbsequenty carried at amrtised cost. using the effectNe interest rate method. Trade creditors are obligations lo pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassffied as current liabilities if payrnent is due within one year or less. If not. they are presented a5 nor￿urrent liabilibe5. Trade Greditols are recognised inth'811y at tl8n58Ction price and 5ub5equenty wnea5ured at arnortised cost using the effectNe interest rnethod. 15- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢coun¢ing policies (Continuedl D•recognitlon olflnanclal Ilabillti•s Financial liabil￿.85 are derecognised when the Churth's contr8(Xual obligations expire or are discharged or ncelled. 1.12 Employee beneflts The cost of any unused hdiday entNlement is recognised in the peiiod in vthich the employee'5 servus are received. Termination benefits are recognised immediately as an expense when the Church is demonstrably commrtted to temiinate the employment of an emF4oyee or to provide temiinalTh beneffts. 1.13 Retlremen¢ beneflts Payments to defined contributK)n retiremenl benefft schemes are charged as an expense as they fall due. crttlcal aCcoUn￿ng estlmates and ludg•m•nt8 In the application of the Church's accounting poliries. Ihe Church Covnd Members a￿ required to make judgements. eslimales and assumptions about the carrying amount of 8s5ets and li8bilities that are not readily apparent from other sources. The &stimal&s an(1 associated assumptions are based on historical experience ond olhor la¢tor$ that ar& ¢on$idef¢d lo be relevanL Aclual results may differ from Ihe$e 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 Whe￿ the revision affects cnly that period. or in the period of the revision and ftjlure perK)ds where the revision affects both current and future periods. In¢om* from donaiion¥ •nd1•ga¢l•s Unr•strlct•d R•strleted fund¥ lund¥ 2025 2025 Total Unrnstslet•d R•strlct•d fund¥ fund 2024 2024 Total 202S 2024 Donations and grfts Grants 119,563 121,649 60,000 104.178 2,398 199,503 106,576 199,503 119,563 181.649 104,178 201,901 308,079 Ineomè from othèrtradin9 activiti•* Unrestricted Unrestrlcte(I funds funds 2025 2024 Room hire income 39,800 43,317 16- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from investments Unrestricted Endowment funds funds 2025 2025 Totsl Unrestricted Endowment funds funds 2024 2024 Total 2025 2024 Rental income Income from unlisted investments 70.869 70.869 69.846 69.846 4,220 4,406 3.349 3,493 75.089 75.275 73.195 144 73,339 Other Income Unrnotrtctod Unrnotrlcted funds fund8 2025 2024 Other income 80,529 Other income indudes an amount 01 £79.470 from providing venue hire and catering services for the period September to November 2024. Ral¥lng lund• Unr¢•tri¢t•d Endowm•nt funds furlds g•n•ral 202S Totsl To181 202S 2025 2024 Investment managemenl fees 147 1,079 1.226 58 147 1,079 1.226 58 For the year ended 31 Augusl 2024 Investment managemenl fees 42 58 For the year ended 31 August 2024 42 16 58 17- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charitable activities 2025 2024 Staff costs Depreciation Property expenses Donations paid Circtyit asS85sment Legal and professional lees V&nuÉ hirè costs 60.222 5,337 193.352 902 140.947 27,677 21,482 16.519 3,970 151.610 3,090 137,999 11,242 449,919 324,430 Share ol $upport ¢o$l$ l$eo nol* 91 Share of governance cost5 (see note 91 14,730 6.186 67,316 7.092 470.835 398,838 Anoly$l¥ by fvnd Unrestricted funds Re$lrid¥d fvnds 335.433 135,402 470,835 For th• year •nded 31 August 2024 Unrestrictéd fund$ Restricted funds 325,365 73,473 398.838 Support cosls allocated to actlvltles 2025 2024 Office costs Tdephone & broadband Bank charges Managernenl charge Governance costs 4,749 3.775 303 5.903 6.186 4,611 4.743 283 57.679 7,092 20.916 74.408 Analysed between.. Chantable activits'es 20,916 74,408 18- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support ¢o¥ts allocated to a¢tivitie¥ (Continuedl Support costs have not been separatety identffied as the Trustees conshler there to be one charitable activity, which is to transfomi the community by sharing Gorts love through working with and for others. The management charge of £5,90312024.. £57.6791 consists of amounts payable to Central Hall Westrnnster for facilib'e5 man8gernenl and 8dmini5tr8tive 8ssistsnce. 10 Nèt mov•m•nt In funds 2025 2024 The net movement in funtls is stated after chargingllcreditsn91= Fees payable for the independenl examination of the charl￿S financial staternenls Depreciation ol owned tangible fixed assets 6.186 5,337 7.092 3,970 11 ¢hur¢h Coun¢ll M•mb•rs None of the Church CouncA Members lor any persons connected with them) received any remuneration or benefits from the Church durin9 the year12024'. no Church Counal Members recewed any remuneralionl. 12 Employee• The 8vera9e monthly number ol emFAoyees during the year wa$- 2025 Numb•r 2024 Numbtrr Employm•nt costs 202S 2024 Wages and salaries Soaal security costs Other p¥n$ion ¢o$t$ 55.236 4,413 573 15.975 19 525 60,222 16,519 No Empl¢)yee¥ received emdumenls ol more than £60.orKI in either year. All minlsters appointed to the Forth Valky Circurt a￿ paid ￿ntralY from the Methodist Church Sn London with the costs being apportioned to the Cirujit. which in tum induded those sums within the Assessment paid by Church Congregations. 19- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 13 Gains and losses on investments Unrestricted Endowment funds funds 2025 2025 Totsl Unrestricted Endowment funds funds 2024 2024 Total 2025 2024 Gainslllossesl arising on.. Revaluation of investments 10 17 379 278 657 14 Tanglblo Ilxed as8et• L*nd *nd bulldlngs Equlpffl•nt Tot*1 C08t Al 1 Seplemb¥r 2024 Additions 1,577,466 145,286 4.143 1.722,752 4,143 At 31 August 2025 1.577.466 149.429 1.726.895 O•pr•elatlon and Impalrni•nt At 1 Septembèr 2024 Depreciation charged in the year 127,367 5,337 127,367 5,337 Al 31 August 2025 132,704 132,704 Carrylng amount At 31 August 2025 1.577.466 16.725 1.594.191 At 31 Augu812024 1,577.466 17.919 1.595,385 Under Methodist Church practice5. trfje to property is held by Trustees for Methodist Church Purposes as custodian Iruslees and the thurch is the managing trustee responsible for the upkeep of the propety and is entitled lo any income arising on the use ol the property- Melhodi5t Church guidance requires the relevant managing trustee to indudè rèspèctivè pro￿rtY assels in tts balance shtsel. 15 Inv•8tm•nt proporty 2025 Fair value At 1 September 2024 and 31 Augusl 2025 485,000 Under Methodist Church practices, t￿e to property is held by Trustees for Methodist Church Purp(%es as custodian trustees and the church is the managing Irustee responsible for the upkeep of the property and is entitled to any income arising on the use of the propety. Melhodist Church guidance ￿qUireS the relevant managing trustee to include respective property assets in its balance sheet. -20- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Fixed asset investments Ll$ted Unllsted Investments Investments Total Cost or valuation At 1 September 2024 Valuation changes 9,144 17 297,5CX) 306,644 17 Al 31 August 2025 9,161 297,5TrJ 306,661 Carrylng amount At 31 August 2025 9.161 297,5LKJ 306.661 At 31 August 2024 9,144 297,5CKJ 306,644 17 D•btor• 2025 2024 Amounts f•lllng du• wbthln on• y•or: Trade debtors Tax re¢overabltt Other debtors Prepaym¥nt$ and oc¢rued incom* 2,495 2,933 12,504 21 4,334 200 4,096 6,791 19,792 2025 2024 Amounts falllng due after more than on8 year. Tenants, deposits Other debtors 9,2C6 57,810 9.206 67,016 9,206 Total debtoys 73,807 28,998 T8n8nts' dèposits of £9,2Cfi {2024". £9,2C618rn held in a sepatate bank 8ccount relating to the properties 8t 4 and 12-14 Eatl Grey Street 21- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 Creditors.. amounts falling due within one year 2025 2024 Trade creditor Other credrtors Accruals and delerred income 5,443 7,614 44,255 9.877 3,941 43,706 57,312 57,524 19 Cr•dltors.' amounts lalllng du• aft•r morè than on• yèar 2025 2024 Trade creditors 11,756 11,756 T8nants' dap0s￿S of £9.2C612024'. £9,2C61 are h8ld in a $eparate bank account relating to the propertles at 4 and 12-14 Eart Grey Street. The remaining balance represents a lenants deposil of £2.$5012024.' £2.5501 relatsng lo a lease of part ol the property al 25 Ni¢o1son Squao. 20 R•iir•monl b•n*fit $¢h*m 2025 2024 D•finod eontrlbutlon •chém•• Charge to profit or loss in respect of defined contribulion schemes 573 525 The Church operates a defined contribution pensoon sch&me for all qualfying employees. The assets of the scheme are held separatety from those of Ihe Church in an independendy administered fund. Tra¢kir¥J ID.. 1￿2?￿l252989 bn ￿ (Y) Tra¢kir¥J ID.. 1￿2?￿l252989 Lr) fD O (D ¢Ov LO(0 ￿(1) u>ao o¢JJtsoo ) Ul CWJ Tra¢kir¥J ID.. 1￿2?￿l252989 LIJ Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 23 Unrestricted funds At1 Septèmber 2024 Incoming Re¥ourc •x￿nded Trnnsfer8 Gains and At 31 August 2025 Thé Angov8 Bequest Brian Curbs Bequest Wesley Flat repairs Welcome lund General funds 80,823 80,823 10.0 10.000 2.838 10,OC4J 183.309} 1,784 {1.343} 3,277 10,000 199.0471 313.197 1334.237) 5.292 10 20.350 314.981 1335.580) 5.292 10 5,053 Prevlou¥ year: At1 September 2023 Incomlng Sourc Resources •xpended Transfer• Galns and At 31 Augu8t los¥e$ 2024 The Angove Bequest Brian Curtis Bequest Wesley Flat repairs Welcome lund General funds 80,823 80,823 10,0 10,000 781 10.oc 23,084 2,803 {748} 2,836 10.000 183,3091 217,887 1324.659} 379 124,688 220,690 325.4071 379 20,350 The Angove Bequest fund represents a legacy which is to be used for speaal Church improvement. The Brian Curtis fund represents a legacy vthich is lo be used for the improvement of the AV and streaming f8dilie8 al the churth. The Wesley Flat repairs fund was set up in the p￿¥m)US year. A proportion of the rental income recelved from the Wesley flat Is designated in order to help cover the costs of repairwork on the rtat. The Welcome fund represenls a donation of £10.0(M) received during the year to support the Church's 'welcome'. -26- Tra¢kir¥J ID.. 1￿2?￿l252989 THE CITY OF EDINBURGH METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 24 Analysis of net assets between funds Unrestrlcted fund¥ 202S Restrlcted Endowment fund$ fund$ 2025 2025 Total 2025 At 31 August 2025: Tangible assets Investment properties Investments Current 8ssels1Oi8bililies Long term liabilities 1,594,191 485.000 297.500 76.551 1,594,191 485.000 306,661 90,318 111,7561 5.291 11.518 111.7561 3,870 2.249 5.053 2.453.242 6,119 2.464,414 Unr¢•trl¢t•d fund6 2024 Rutrl¢t¥d Endovmi•nt fund8 funds 2024 2024 Total 2024 At 31 Augu8t 2024: Tangible assets Investment properties Invesimenls Current assetsloiabilities Long ténn Ilabilities 1,595.385 485.000 297.500 153,965 1,595,385 485,000 306,644 183,932 111,7561 5.282 26.824 111.756} 3,862 3,143 20.3SO 2,531,850 7.OOS 2,559,205 25 Operatlng lease commltrnents L¢$¥ee At the reporting end date the Church had outstanding commitments for future minimvm lease payments under non