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2025-12-31-accounts

Registered number: SC588340 Charity number: SC048135

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 3
Trustees' responsibilities statement 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7 - 8
Notes to the financial statements 9 - 23

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

Trustees Ian Cameron
David Patterson
Matthew Round
Dr David Egya
Jonathon Green
Edward Tulloch
Company registered
number
SC588340
Charity registered
number
SC048135
Registered office
17F South Gyle Crescent
Edinburgh
EH12 9EB
Bankers
Royal Bank of Scotland
36 St Andrew Square
Edinburgh
EH2 2AD

Page 1

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The Directors (who are also Trustees for the purpose of Charity law) are pleased to present their report together with the financial statements of the charitable company for the year ended 31 December 2025.

Constitution and governance

Hope City Church Edinburgh is a private company limited by guarantee (No. SC588340) which was incorporated in Scotland on 9 February 2018; and became a registered Scottish Charity (No. SC048135), constituted under a Memorandum of Association on 13 February 2018.

Objectives and aims

The full expression of the charitable purpose as set out in our proposed Articles of Association is: "The advancement of the Christian religion in Scotland and elsewhere through the establishment, for the public benefit, of a congregation or congregations of Christian believers who hold that the Scriptures of the Old and New Testament are the supreme authority and rule in matters of faith and life."

Activities undertaken to achieve objectives

The main activities of the Company are:

Appointment of Directors

As per our Articles of Association, Directors/Trustees are appointed and removed via an Appointment Resolution duly passed by a two-thirds majority of Guarantors at a General Meeting or via a written resolution signed by not less than two-thirds of the Guarantors. Directors/Trustees may also be made Members of the Company via the same Appointment Resolution in which case they are termed Guarantors and have additional rights and responsibilities. The Articles specify a minimum of three Directors/Trustees, and that the majority of Directors/Trustees must not be employed by the Company.

Achievements and performance

The church has continued to thrive but growth has slowed through 2025 due to the limitations of our current space. We have continued to actively pursue a larger space and we are now in advanced negotiations to acquire an optimally sized space near our current location. Volunteer cost running two gatherings was high and uptake in the second gathering reduced and we moved to running two morning gatherings sequentially. This has reduced volunteer cost and increase attendance but is still less preferable to a combined space to accommodate all attendees at one gathering.

Future plans

A new space appears closer than ever and much effort will be on legal negotiations and renovation of the space to make it suitable for worship. There is much complexity associated with such a move and it is our attention that Team Leader Matt Round will devote significant time to leading this project which will require backfilling much of his day to day leading of church activities.

Financial review

Income comes primarily from the regular giving of church attendees though there is a modest level of external support from individuals, other charitable entities and the like. Regular gifts have continued to increase during the period alongside growth in numbers regularly attending.

Our dominant costs are venue, staff and trainees. Regular expenditure has been predominantly covered by regular giving with the shortfall covered through one-off giving. In addition, many church members volunteer significant time.

The trustees agreed to move the remaining balance of the Fringe Fund into the Corner Room fund. It is anticipated that future Fringe-related activities will take place as part of Corner Room rather than as separately branded events.

Page 2

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Results for the year

The financial statements for the year are set out on pages 7 to 19. The Statement of Financial Activities on page 5 reflects net expenditure of £7,651 (2024: net expenditure of £13,974). Net funds amounted to £114,376 (2024: £122,027).

Reserves

The trustees agree to holding in reserve (a) 6 weeks of trailing twelve month regular expenditure in the general fund to enable an orderly wind up in the event of significant drop in income or extraordinary expense and (b) at least 6 months of trailing twelve weeks ‘run rate' (regular expenditure - regular income) in the general fund, meaning in a period of deficit, our reserves still ensure we will have suitable time to manage structural changes to regular costs such as venue or staff as may be required to address such a deficit.

Total general expenditure for 2025 was £296k. Three months expenditure would therefore equate to approximately £74k. At 31 December 2025, the General Fund amounted to £47,015. Although there were periods where general funds approached the required reserves per this revised policy, giving has matched expenditure and these thresholds have been breached. The Elders continue to target improving regular giving through improving visibility of giving and cost to the congregation, and pursuing strategic partnerships with other churches. It is anticipated that a potential move to a new building will both increase latent giving in the congregation and open up new avenues for financial partnerships.

Statement of risk

The Directors have considered the risks to which the Church may be subject and have implemented some procedures to mitigate those risks.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Ian Cameron

Ian Cameron (Jun 22, 2026 10:14:33 GMT+1)

................................................ Ian Cameron Director Date: 22 June 2026

Page 3

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

Ian Cameron

Ian Cameron (Jun 22, 2026 10:14:33 GMT+1)

................................................

Ian Cameron Director Date: 22 June 2026

Page 4

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

Independent examiner's report to the Trustees of Hope City Church Edinburgh

I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 6 to 23.

Respective responsibilities of Trustees and examiner

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The 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 financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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 the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

  3. to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Gavin Curr Dated: 22 June 2026 Gavin Curr (Jun 22, 2026 10:34:46 GMT+1)

Gavin Curr FCCA

Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ

Page 5

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net (expenditure)/income
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
298,979
-
1,920
300,899
690
315,655
316,345
(15,446)
(1,648)
(17,094)
116,296
(17,094)
99,202		 Restricted
funds
2025
£
18,705
2,502
-
21,207
-
13,412
13,412
7,795
1,648
9,443
5,731
9,443
15,174		 Total
funds
2025
£
317,684
2,502
1,920
322,106
690
329,067
329,757
(7,651)
-
(7,651)
122,027
(7,651)
114,376		 Total
funds
2024
£
315,071
4,249
2,280
321,600
729
334,845
335,574
(13,974)
-
(13,974)
136,001
(13,974)
122,027

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 23 form part of these financial statements.

Page 6

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee) REGISTERED NUMBER: SC588340

BALANCE SHEET AS AT 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 28,782
84,269
113,051
(51,338)		 2025
£
52,663
52,663
30,360
63,694
94,054
(43,443)
61,713
114,376
114,376
114,376
15,174
99,202
114,376		 2024
£
71,416
71,416
50,611
122,027
122,027
122,027
5,731
116,296
122,027

Page 7

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee) REGISTERED NUMBER: SC588340

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Ian Cameron

Ian Cameron (Jun 22, 2026 10:14:33 GMT+1)

................................................

Ian Cameron Director

Date: 22 June 2026

The notes on pages 9 to 23 form part of these financial statements.

Page 8

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Hope City Church Edinburgh meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 9

(A company limited by guarantee)

HOPE CITY CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. Accounting policies (continued)

1.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property - 10%
Fixtures and fittings - 20%

1.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.6 Cash at bank and in hand

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

1.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

1.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 10

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. Accounting policies (continued)

1.9 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 11

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Income from donations and legacies

Donations - regular giving
Donations - other giving
Donations - paypal
Grant income
Gift aid thereon
Total 2025
Donations - regular giving
Donations - other giving
Donations - paypal
Gift aid thereone
3.
Income from charitable activities		 Unrestricted
funds
2025
£
183,362
32,941
3,673
29,275
49,728
298,979
Unrestricted
funds
2024
£
153,545
85,402
11,075
47,160
297,182		 Restricted
funds
2025
£
160
8,785
-
9,760
-
18,705
Restricted
funds
2024
£
611
17,153
-
125
17,889		 Total
funds
2025
£
183,522
41,726
3,673
39,035
49,728
317,684
Total
funds
2024
£
154,156
102,555
11,075
47,285
315,071
Event income
Unrestricted
funds
2024
£
Event income
1,530		 Restricted
funds
2025
£
2,502
Restricted
funds
2024
£
2,719		 Total
funds
2025
£
2,502
Total
funds
2024
£
4,249

Page 12

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

4. Income from other trading activities

Income from fundraising events

Rental
Rental
5.
Expenditure on raising funds
Giving fees		 Unrestricted
funds
2025
£
1,920
Unrestricted
funds
2024
£
2,280
Unrestricted
funds
2025
£
690		 Total
funds
2025
£
1,920
Total
funds
2024
£
2,280
Total
funds
2025
£
690

Page 13

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

5. Expenditure on raising funds (continued)

(continued)

Unrestricted Total
funds funds
2024 2024
£ £
Giving fees 729 729

6. Analysis of expenditure on charitable activities

Summary by fund type

Service and mission costs
Property costs
Office costs
Support costs
Staff costs
Total 2025
Service and mission costs
Property costs
Office costs
Support costs
Staff costs
Total 2024		 Unrestricted
funds
2025
£
38,918
91,240
4,138
27,356
154,003
315,655
Unrestricted
funds
2024
£
36,635
112,460
5,546
20,253
140,311
315,205		 Restricted
funds
2025
£
5,993
-
-
13
7,406
13,412
Restricted
funds
2024
£
10,536
-
3
-
9,101
19,640		 Total
2025
£
44,911
91,240
4,138
27,369
161,409
329,067
Total
2024
£
47,171
112,460
5,549
20,253
149,412
334,845

Page 14

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Service and mission costs
Gathering - Consumables
Training Grants
Care Fund Grants
UK Mission Grants
Training Programme Costs
UK Mission Costs
Global Mission
Teaching Ministry Resources
Church Discipleship
Conferences
Event Costs
Church Meals
Total service and mission costs
Property costs
Rent
Venue Maintenance
Regular Venue Costs
Depreciation
Total Property costs
Office costs
Office Consumables
Service Subscriptions
Sundry Expenses
Total Property costs
Support Costs
Accountancy Fees
Professional Fees and Licences
Project Venue Costs
Bank Charges
Special Projects
Total support costs
Salary costs (See Note 8)
Total 2025		 Unrestricted
funds
2025
16,692
6,621
-
(1,052)
1,368
3,451
73
683
3,012
4,443
978
2,649
38,918
43,825
5,149
23,512
18,754
91,240
906
2,875
357
4,138
8,740
627
14,522
2,832
635
27,356
154,003
315,655		 Restricted
funds
2025
610
-
120
-
-
-
-
-
-
-
5,263
-
5,993
-
-
-
-
-
-
-
-
-
-
-
-
13
-
13
7,406
13,412		 Total
funds
2025
17,302
6,621
120
(1,052)
1,368
3,451
73
683
3,012
4,443
6,241
2,649
44,911
43,825
5,149
23,512
18,754
91,240
906
2,875
357
4,138
8,740
627
14,522
2,845
635
27,369
161,409
329,067

Page 15

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Service and mission costs
Gathering - Consumable
Training Grants
Care Fund Grants
UK Mission Grants
Training Ministry Resources
UK Mission Costs
Global Mission
Training Ministry Resources
Church Discipleship
Conferences
Event Costs
Church Meals
Total Service and missions costs
Property costs
Rent
Venue Maintenance
Regular Venue Costs
Depreciation
Total Property costs
Office costs
Office consumables
Service Subscriptions
Sundry Expenses
Total Office costs
Support costs
Accountancy Fees
Professional Fees and Licences
Project Venue Costs
Bank Charges
Independent Examiner's Fees
Total Support costs
Salary costs (see note 8)
Total 2024		 Unrestricted
funds
2024
18,130
1,125
-
6,401
1,396
1,208
420
998
1,493
25
3,468
1,971
36,635
52,864
6,073
33,439
20,084
112,460
2,759
2,086
701
5,546
3,928
1,002
11,780
2,583
960
20,253
140,311
315,205		 Restricted
funds
2024
940
-
5,066
-
-
-
-
-
-
-
4,530
-
10,536
-
-
-
-
-
3
-
-
3
-
-
-
-
-
-
9,101
19,640		 Total
funds
2024
19,070
1,125
5,066
6,401
1,396
1,208
420
998
1,493
25
7,998
1,971
47,171
52,864
6,073
33,439
20,084
112,460
2,762
2,086
701
5,549
3,928
1,002
11,780
2,583
960
20,253
149,412
334,845

Page 16

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

7. Expenditure on charitable activities

Staff costs:

The average number of employees employed by the company during the year was 7 (2024: 7). There are no employees paid more than £60,000 (2024: nil). No holiday pay (2024: nil) was due at the year-end.

Grants paid:

Ministry training grants of £6,620 (2024: £1,125) were paid to 5 individuals (2024: 1). Care fund grants of £120 (2024: £5,066) were paid to 2 individual (2024: 6) in need from the congregation. UK Mission grants of £6,748 (2024: £6,401) were paid as follows: £3,266 to the Fellowship of Independent Evangelical Churches (£2,156); and £3,600 accrued by the church leadership to be paid out in 2025.

8. Staff costs

Gross salaries
Employer National Insurance
Employer Pension		 2025
£
145,101
4,700
11,608
161,409		 2024
£
133,753
5,150
10,509
149,412

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Employees 7 7

No employee received remuneration amounting to more than £60,000 in either year.

9. Tangible fixed assets

Cost or valuation
At 1 January 2025
At 31 December 2025		 Long-term
leasehold
property
£
129,815
129,815		 Fixtures and
fittings
£
42,642
42,642		 Total
£
172,457
172,457

Page 17

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

9. Tangible fixed assets (continued)

Depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
10.
Debtors
Due after more than one year
Trade debtors
Other debtors
Prepayments and accrued income
11.
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals and deferred income		 Long-term
leasehold
property
£
73,378
12,982
86,360
43,455
56,437		 Fixtures and
fittings
£
27,661
5,773
33,434
9,208
14,981
2025
£
-
13,620
15,162
28,782
28,782
2025
£
31,933
3,939
15,466
51,338		 Total
£
101,039
18,755
119,794
52,663
71,418
2024
£
1,124
13,535
15,701
30,360
30,360
2024
£
25,586
5,965
11,892
43,443

Page 18

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

12. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Arts Centre Project
Project Venue
Hope Desk
Training
Asset Fund
Fringe Fund
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Care Fund
Corner Room
Directed Support
Edinburgh Plant Collective
Total of funds		 Balance at 1
January
2025
£
3,369
-
-
-
71,417
1,648
76,434
Balance at 1
January
2025
£
39,862
116,296
Balance at 1
January
2025
£
1,651
4,080
-
-
5,731
122,027		 Income
£
-
10,000
2,431
4,025
-
-
16,456
Income
£
284,443
300,899
Income
£
320
6,241
8,500
6,146
21,207
322,106		 Expenditure
£
(3,740)
-
(8,993)
(7,567)
(18,755)
-
(39,055)
Expenditure
£
(277,290)
(316,345)
Expenditure
£
(120)
(5,885)
(7,407)
-
(13,412)
(329,757)		 Transfers
in/out
£
371
-
6,562
3,542
-
(1,648)
8,827
Transfers
in/out
£
(10,475)
(1,648)
Transfers
in/out
£
-
1,648
-
-
1,648
-		 Balance at
31
December
2025
£
-
10,000
-
-
52,662
-
62,662
Balance at
31
December
2025
£
36,540
99,202
Balance at
31
December
2025
£
1,851
6,084
1,093
6,146
15,174
114,376
Page 19

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Arts Centre Project
Training
Asset Fund
Fringe Fund
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Care Fund
Corner Room
Directed Support
Edinburgh Plant Collective
Hope Desk
Trinity Forum
Total of funds		 Balance at
1 January
2023
£
3,369
-
91,501
1,158
96,028
36,788
132,816
756
-
-
2,429
-
-
3,185
136,001		 Income
£
-
350
-
509
859
300,133
300,992
5,961
9,550
500
-
2,797
1,800
20,608
321,600		 Expenditure
£
-
(1,125)
(20,084)
(19)
(21,228)
(294,706)
(315,934)
(5,066)
(5,470)
(500)
(2,429)
(4,375)
(1,800)
(19,640)
(335,574)		 Transfers
in/out
£
-
775
-
-
775
(2,353)
(1,578)
-
-
-
-
1,578
-
1,578
-		 Balance at
31
December
2024
£
3,369
-
71,417
1,648
76,434
39,862
116,296
1,651
4,080
-
-
-
-
5,731
122,027

Page 20

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

13. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
January
2025
£
76,434
39,862
5,731
122,027
Balance at
1 January
2023
£
96,028
36,788
3,185
136,001		 Income
£
16,456
284,443
21,207
322,106
Income
£
859
300,133
20,608
321,600		 Expenditure
£
(39,055)
(277,290)
(13,412)
(329,757)
Expenditure
£
(21,228)
(294,706)
(19,640)
(335,574)		 Transfers
in/out
£
8,827
(10,475)
1,648
-
Transfers
in/out
£
775
(2,353)
1,578
-		 Balance at
31
December
2025
£
62,662
36,540
15,174
114,376
Balance at
31
December
2024
£
76,434
39,862
5,731
122,027
Summary of funds - prior year
Designated funds
General funds
Restricted funds

Page 21

HOPE CITY CHURCH EDINBURGH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. Explanation of funds

The General fund represents all income and expenditure relating to the primary focus activities of the charity, other than those forwhich funding is restricted.

The Designated assets fund represents the fixed assets of the Church.

The Designated Arts Centre Project fund represents a grant received to promote the development of Christian music and art by training and developing Christian musicians.

The Designated Training fund manages donations to be used for support costs associated with training for church ministry.

The Designated Hope Desk fund manages donations to be used for a shared working space initiate to provide desk space, companionship and spiritual connection for remote workers.

The Designated Project Venue fund represents donations received to support the booking and hire of venues for charitable activities and events.

The Restricted Care fund represents funds used to help members of Hope City Church and others who are in need and awards are made at the discretion of the Trustees as and when the need arises in accordance with our charitable aims.

The Restricted Corner Room fund manages grants and entry income along with associated costs for a project to provide an arts venue to host performances of local artists from a variety of musical styles.

The Restricted Directed support fund manages donations to be used for staff wages.

The Restricted Carlton Charitable Trust fund represents a grant received to fund the position of one trainee in the Church.

15. Pension commitments

The Charity operates a pension for staff members with NEST. All contributions made on behalf of staff are charged to the SOFA in the year they are incurred.

16. Director and related party transactions

None of the directors received any remuneration from the charity in the year in their role as Trustees (2024: nil). Jonathan Green received £21,216 in his role as Director for Worship Arts. Two trustees' were reimbursed £6,948 (2024: 1 trustee - £3,022) for various expenses paid on behalf of the charity and one trustee had Union College fees of £4,013 paid on his behalf.

The total unrestricted donations paid to the charity in the year by the Directors and related parties amounted to £44,550 (2024: £58,781).

There were no disclosable related party transactions in the year (2024: nil).

Page 22

HOPE CITY CHURCH EDINBURGH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17. Operating lease commitments

At 31 December 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
14,550
-
14,550		 2024
£
19,433
3,600
23,033

18. Members' liability

The company is limited by guarantee, with the liability of each member limited to £1. There were 6 members (2024: 6 members) at the year-end.

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £NIL for the debts and liabilities contracted before he/she ceases to be a member.

Page 23