**REGISTERED CHARITY NUMBER: SC45774** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 December 2025** ## **for** ## **GRACE CHURCH LEITH** Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF **GRACE CHURCH LEITH** ## **Contents of the Financial Statements for the Year Ended 31 December 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Notes to the Financial Statements**|7|to|14| |**Detailed Statement of Financial Activities**||15|| **GRACE CHURCH LEITH** ## **Report of the Trustees for the Year Ended 31 December 2025** The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Aims and Affiliation** Grace Church Leith Free Church of Scotland is a congregation of the Free Church of Scotland working towards the common aims set out below. It is a Presbyterian church adhering in its worship and doctrine to the position of the Church of Scotland at the Reformation. The Free Church of Scotland has an explanatory document which explains the origins of the Church and which gives the historical background to the Church coming into being in 1843 and lists documents in which is embodied the constitution of the Church. The document is available on request from the Free Church of Scotland, 15 North Bank St., The Mound, Edinburgh, EH1 2LS. The Free Church of Scotland currently has over 100 congregations in Scotland, as well as one in London and four in North America, and sister Churches founded by mission work in India, Peru and South Africa. The Church also has a seminary in Edinburgh for the training of ministers and other Christian workers and sustains an extensive missionary programme relative to the size of the church. The principal activity of the Church is the conduct of public worship and associated matters in the context of local congregations. Dating from 1843 but with its roots in the Reformation, the Free Church of Scotland owes its distinctive title to its historical struggle to remain 'free' from state interference in its internal affairs. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in its entirety as the Word of God and, therefore, derives its forms of teaching, worship, ministry and government from it. The main emphasis of our worship is the preaching of the gospel - the good news of a free and sovereign salvation through Jesus Christ alone. The congregation is authorised by the Church to have a minister paid from central funds of the Church. Page 1 **GRACE CHURCH LEITH** ## **Report of the Trustees for the Year Ended 31 December 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** During the year, the congregation met regularly for public worship and carried out various activities in pursuit of the above stated aims. The congregation continued its commitment to support the Free Church of Scotland both spiritually and financially. Significant highlights, events and developments of note over the year include the following: - ## In relation to **congregational activities** : - Membership at end of 2025 was 51 with 30 adherents. - Wee Leithers, our mums and toddlers club, met consistently during the year with an average attendance of 55 parents and 55 children. - We had a retreat in February 2025 with 80 in attendance. - We run a Conversation Café where non- native English speakers get the opportunity to practice their English with members of the church. - We are grateful for all our members who are engaged with Safe Families for Children. We also host a Soul Food event on Thursday evenings which feed isolated and elderly members of the community. These are tangible examples of the way members of GCL are blessing those in the community around us. - Over the course of the past year, our youth group has had opportunities to partner with other youth groups in the city to allow our children to form relationships with other Christian children in the city. - It has been encouraging to see the building used for a number of one-off events to support wider ministries such as a Sandra McCracken Concert. In the past year, the Free Church has used the building for Minister's training events and youth events. Bethany Christian Trust have been hosting meetings weekly in the building for those struggling with addiction. In relation to **congregational funding** : - An increase in donations from church members compared to the previous year. - An increase in grant income to fund our new part-time operations manager role. - An increase in rental income generated by the church premises. ## **FINANCIAL REVIEW** ## **Results for the year** As a result of a surplus for the year of £9,401 the church held total funds amounting to £552,807 at the end of the year. That consisted of a General Fund amounting to £10,645 and restricted funds totalling £542,162. The trustees are satisfied with the level of reserves retained by the charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Status of Charity and Governing Document** Grace Church Leith Free Church of Scotland is established by Constitution. It is a registered Scottish Charity (No. SC045774). ## **Recruitment and appointment of new trustees** The Kirk Session exercises its discretion in determining the most appropriate method of electing new Trustees (Elders and Finance Committee members). Any election process must involve the communicant membership of the congregation. There is no fixed term for Trusteeship. Prior to their appointment, new Trustees would have served the Church for some time in various roles and would be familiar with the Church's values, its aims and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities as well as the responsibilities of their office within the congregation as Elder or Finance Committee member. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** SC45774 Page 2 **GRACE CHURCH LEITH** ## **Report of the Trustees for the Year Ended 31 December 2025** ## **Principal address** 3 Shrubhill Walk Edinburgh EH7 4RB ## **Trustees** The congregation is governed and administered by elected office bearers and its minister.?The Kirk Session, being the minister and elected elders, has responsibility for spiritual oversight. Under Charity Law, the Finance Committee (the minister, elders and elected additional Finance Committee members), are deemed to be the trustees of the congregation as those with responsibility for financial matters and day to day management and control. The members of the Finance Committee (the Trustees) who served during the year were as follows:- Finance Committee Minister: Rev A Rennie Elders: K McGibbon, A Duckering, K Macleod Additional Finance Committee Members: C de Waal, R Campbell ## **Independent Examiner** Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF Approved by order of the board of trustees on 15 June 2026 and signed on its behalf by: A Duckering - Trustee Page 3 **Independent Examiner's Report to the Trustees of Grace Church Leith** I report on the accounts for the year ended 31 December 2025 set out on pages five to fourteen. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention : - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Andrew Cumming CA The Institute of Chartered Accountants of Scotland Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF 15 June 2026 Page 4 ## **GRACE CHURCH LEITH** ## **Statement of Financial Activities for the Year Ended 31 December 2025** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
63,778
**Charitable activities**
4
Charitable activities
-
Other trading activities
3
1,089
**Total**
64,867
**EXPENDITURE ON**
**Charitable activities**
Central Funds
54,534
Charitable activities
15,722
Staffing costs
198
**Total**
70,454
**NET INCOME/(EXPENDITURE)**
(5,587)
**RECONCILIATION OF FUNDS**
Total funds brought forward
16,232
**TOTAL FUNDS CARRIED FORWARD**
10,645|Restricted
funds
£
110,326
17,500
-
127,826
-
82,607
30,231
112,838
14,988
527,174
542,162|31.12.25
31.12.24
Total
Total
funds
funds
£
£
174,104
176,952
17,500
10,000
1,089
989
192,693
187,941
54,534
41,390
98,329
91,231
30,429
26,904
183,292
159,525
9,401
28,416
543,406
514,990
552,807
543,406| |---|---|---| The notes form part of these financial statements Page 5 ## **GRACE CHURCH LEITH** ## **Balance Sheet 31 December 2025** |Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
11
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
2,258
6,451
25,499
31,950
(23,563)
8,387
10,645
-
10,645|Restricted
funds
£
897,144
-
20,405
20,405
(21,840)
(1,435)
895,709
(353,547)
542,162|31.12.25
Total
funds
£
899,402
6,451
45,904
52,355
(45,403)
6,952
906,354
(353,547)
552,807
10,645
542,162
552,807|31.12.24
Total
funds
£
906,626
7,295
49,561
56,856
(45,487)
11,369
917,995
(374,589)
543,406| |---|---|---|---|---| |||||16,232
527,174
543,406| The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2026 and were signed on its behalf by: K McGibbon - Trustee The notes form part of these financial statements Page 6 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements for the Year Ended 31 December 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. The presentation currency of the accounts is Pound sterling (£). The accounts are rounded to the nearest £1 The Charity is a going concern and there are no material uncertainties casting significant doubt over its ability to continue as a going concern. ## **Critical accounting judgements and key sources of estimation uncertainty** Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The trustees exercise judgement in determining both the useful economic life and the likely residual value of the charity's assets. This judgement affects the rates of and charge for depreciation as well as grant release in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - not provided Plant and machinery - 20% depreciation on cost Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. ## **Taxation** The charity is exempt from tax on its charitable activities. continued... Page 7 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Debtors and creditors** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities. ## **2. DONATIONS AND LEGACIES** ## **3.** ## **4.** |Offerings and donations
Gift aid
Property Fund donations
Minister's Housing Allow Fund
Apprentice Fund donations
**OTHER TRADING ACTIVITIES**
Miscellaneous income
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Charitable activities
Grants received, included in the above, are as follows:
Fyrish Foundation
Sychar Gospel Fund
Free Church of Scotland|31.12.25
£
55,814
18,814
78,465
20,710
301
174,104
31.12.25
£
1,089
31.12.25
£
17,500
31.12.25
£
7,500
-
10,000
17,500|31.12.24
£|31.12.24
£|31.12.24
£| |---|---|---|---|---| |||67,678
18,181
67,135
20,295
3,663
176,952||| |||||| |||31.12.24
£
989||| |||||| |||31.12.24
£||| ||||10,000|| |||||| |||31.12.24
£
-||| ||||10,000
-
10,000|| continued... Page 8 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** ## **5. GRANTS PAYABLE** |**GRANTS PAYABLE**|| |---|---| |31.12.25
£
Charitable activities
1,800|31.12.24
£
1,840| |The total grants paid to institutions during the year was as follows:
31.12.25
£
Acts 29 Western Europe
1,800
Big Give Edinburgh
-|31.12.24
£
1,690
150| |1,800|1,840| ||| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** The minister was paid from the Free Church of Scotland central funds for his office as minister and was reimbursed by the congregation for expenses incurred in that role, including housing allowance as the congregation does not have a manse. ||31.12.25|31.12.24| |---|---|---| ||£|£| |Rev Athole Rennie - housing allowance|25,757|22,681| |Rev Athole Rennie - allowance for council tax, electricity and gas bills|4,672|4,098| |||| ||30,429|26,779| |||| ## **Trustees' expenses** During the year, four trustees received £8,290 in total in reimbursed expenses (2024: three trustees received £7,910). ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
62,992
**Charitable activities**
Charitable activities
-
Other trading activities
989
**Total**
63,981
**EXPENDITURE ON**
**Charitable activities**
Central Funds
41,390
Charitable activities
18,196
Staffing costs
470
**Total**
60,056
**NET INCOME**
3,925|Restricted
funds
£
113,960
10,000
-
123,960
-
73,035
26,434
99,469
24,491|Total
funds
£
176,952
10,000
989
187,941
41,390
91,231
26,904
159,525
28,416| |---|---|---| continued... Page 9 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** |**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
fund
£
**RECONCILIATION OF FUNDS**
Total funds brought forward
12,307
**TOTAL FUNDS CARRIED FORWARD**
16,232
**8.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 January 2025 and 31 December 2025
890,680
**DEPRECIATION**
At 1 January 2025
-
Charge for year
-
At 31 December 2025
-
**NET BOOK VALUE**
At 31 December 2025
890,680
At 31 December 2024
890,680
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Gift aid debtor
Prepayments and accrued income|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
fund
£
**RECONCILIATION OF FUNDS**
Total funds brought forward
12,307
**TOTAL FUNDS CARRIED FORWARD**
16,232
**8.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 January 2025 and 31 December 2025
890,680
**DEPRECIATION**
At 1 January 2025
-
Charge for year
-
At 31 December 2025
-
**NET BOOK VALUE**
At 31 December 2025
890,680
At 31 December 2024
890,680
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Gift aid debtor
Prepayments and accrued income|**continued**
Restricted
funds
£
502,683
527,174
Plant and
machinery
£
36,120
20,174
7,224
27,398
8,722|Total
funds
£
514,990
543,406
Totals
£
926,800
20,174
7,224
27,398
899,402| |---|---|---|---| ||890,680|15,946|906,626| |||31.12.25
£
796
4,738
917
6,451|| ||||31.12.24
£
2,954
4,341
-
7,295| continued... Page 10 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| |31.12.25
£
Bank loans and overdrafts (see note 12)
21,840
Other creditors
23,563
45,403
**11.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.12.25
£
Bank loans (see note 12)
315,547
Other creditors
38,000
353,547
**12.**
**LOANS**
An analysis of the maturity of loans is given below:
31.12.25
£
Amounts falling due within one year on demand:
Stewardship mortgage
21,840
Amounts falling due between two and five years:
Stewardship mortgage
87,360
Amounts falling due in more than five years:
Repayable by instalments:
Stewardship mortgage
228,187
Other loans
38,000
266,187|31.12.24
£
21,840|| |||23,647
45,487| |||| ||31.12.24
£
336,589|| ||38,000
374,589|| |||| ||31.12.24
£
21,840
87,360
249,229
38,000
287,229|| During 2021 the charity was in receipt of a loan of £435,000 from Stewardship Services (UKET) Limited to be repaid monthly over a period of 15 years. The initial interest rate was 4.25% per annum. The rate is variable on one month's notice. The loan is secured by means of a first Legal Charge over the premises (3 Shrubhill Walk, Edinburgh, EH7 4RB). During 2020 the charity was in receipt of an unsecured, interest free loan of £38,000 for which no repayment is required for the first 10 years, with the repayment then spread over monthly instalments over 5 years after the 10 years has elapsed. continued... Page 11 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** ## **13. MOVEMENT IN FUNDS** |**Unrestricted funds**
General Fund
**Restricted funds**
Property Fund
Care Team Fund
Minister's Housing Allowance Fund
Additional Staff Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General Fund
**Restricted funds**
Property Fund
Care Team Fund
Minister's Housing Allowance Fund
Additional Staff Fund
**TOTAL FUNDS**|At 1.1.25
£
16,232
503,039
2,962
11,546
9,627
527,174
543,406
Incoming
resources
£
64,867
84,138
-
25,887
17,801
127,826
192,693|Net
movement
At
in funds
31.12.25
£
£
(5,587)
10,645
19,656
522,695
(1,811)
1,151
(4,344)
7,202
1,487
11,114
14,988
542,162
9,401
552,807
Resources
Movement
expended
in funds
£
£
(70,454)
(5,587)
(64,482)
19,656
(1,811)
(1,811)
(30,231)
(4,344)
(16,314)
1,487
(112,838)
14,988
(183,292)
9,401| |---|---|---| ## **Comparatives for movement in funds** |**Unrestricted funds**
General Fund
**Restricted funds**
Property Fund
Care Team Fund
Minister's Housing Allowance Fund
Additional Staff Fund
**TOTAL FUNDS**|At 1.1.24
£
12,307
484,991
4,238
12,610
844
502,683
514,990|Net
movement
in funds
£
3,925
18,048
(1,276)
(1,064)
8,783
24,491
28,416|At
31.12.24
£
16,232
503,039
2,962
11,546
9,627
527,174
543,406| |---|---|---|---| continued... Page 12 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** ## **13. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General Fund
**Restricted funds**
Property Fund
Care Team Fund
Minister's Housing Allowance Fund
Additional Staff Fund
**TOTAL FUNDS**|Incoming
resources
£
63,981
84,928
-
25,370
13,662
123,960
187,941|Resources
Movement
expended
in funds
£
£
(60,056)
3,925
(66,880)
18,048
(1,276)
(1,276)
(26,434)
(1,064)
(4,879)
8,783
(99,469)
24,491
(159,525)
28,416| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General Fund
**Restricted funds**
Property Fund
Care Team Fund
Minister's Housing Allowance Fund
Additional Staff Fund
**TOTAL FUNDS**|At 1.1.24
£
12,307
484,991
4,238
12,610
844
502,683
514,990|Net
movement
in funds
£
(1,662)
37,704
(3,087)
(5,408)
10,270
39,479
37,817|At
31.12.25
£
10,645
522,695
1,151
7,202
11,114
542,162
552,807| |---|---|---|---| continued... Page 13 **GRACE CHURCH LEITH** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** ## **13. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General Fund
**Restricted funds**
Property Fund
Care Team Fund
Minister's Housing Allowance Fund
Additional Staff Fund
**TOTAL FUNDS**|Incoming
resources
£
128,848
169,066
-
51,257
31,463
251,786
380,634|Resources
Movement
expended
in funds
£
£
(130,510)
(1,662)
(131,362)
37,704
(3,087)
(3,087)
(56,665)
(5,408)
(21,193)
10,270
(212,307)
39,479
(342,817)
37,817| |---|---|---| ## **14. RELATED PARTY DISCLOSURES** Included within creditors falling due after one year is a loan from one of the trustees, Mr K Macleod, and his wife. The repayment terms are detailed in the "Loans" note. ## **15. EXPLANATION OF FUNDS** General Fund - represents funds to be used for general purposes - e.g. payments to attend the Church annual weekend away. Minister's Housing Allowance Fund - represents funds donated to the Church to be used to fund the minister's housing allowance and to cover the minister's costs for council tax, electricity and gas bills. Property Fund - represents funds donated to the Church to be used to cover the running costs of our building such as electricity, repairs & maintenance and the like and the mortgage thereon Care Team Fund - represents funds donated to the Church to be used to provide financial assistance to those in the Church or in the wider community who have a significant need. The Care Team are responsible for deciding how these funds are used. Additional Staff Fund - represents funds donated to the Church to be used for the salary and staff costs relating to our additional ministry staff and operations manager. Page 14 ## **GRACE CHURCH LEITH** |**Detailed Statement of Financial Activities**|**Detailed Statement of Financial Activities**|**Detailed Statement of Financial Activities**||| |---|---|---|---|---| |**for the Year Ended 31 December 2025**||||| ||||31.12.25|31.12.24| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||£|£|£|£| |**INCOME AND ENDOWMENTS**||||| |**Donations and legacies**||||| |Offerings and donations|55,814|-|55,814|67,678| |Gift aid|7,964|10,850|18,814|18,181| |Property Fund donations|-|78,465|78,465|67,135| |Minister's Housing Allow Fund|-|20,710|20,710|20,295| |Additional Staff Fund donations|-|301|301|3,663| |**Other trading activities**|63,778|110,326|174,104|176,952| |Miscellaneous income|1,089|-|1,089|989| |**Charitable activities**||||| |Grants|-|17,500|17,500|10,000| |**Total incoming resources**|64,867|127,826|192,693|187,941| |**EXPENDITURE**||||| |**Charitable activities**||||| |Free Church minister and administration levies|43,923|-|43,923|41,390| |Other salaries & Staff Costs|-|47,283|47,283|29,209| |Care Team Fund|-|1,811|1,811|1,276| |Property Costs|179|30,998|31,177|31,471| |Ministry Expenses|21,709|-|21,709|16,267| |Accountancy|1,670|-|1,670|1,536| |Sundry Expenses|363|-|363|177| |Plant and machinery|810|6,414|7,224|6,986| |Mortgage interest|-|26,332|26,332|29,373| |Grants to institutions|1,800|-|1,800|1,840| ||70,454|112,838|183,292|159,525| |Total resources expended|70,454|112,838|183,292|159,525| |**Net income**|(5,587)|14,988|9,401|28,416| |||||| This page does not form part of the statutory financial statements Page 15