StThomas' pCHURCH ST THOMAS, CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Scottlsh Charlty number: SC049045 ST THOMAS. CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees P A￿et A R Benzies D M Bogie M Brown P Busby S Carter W Davidson K Demircan E Fairfey G Hamillon L Henderson A Mufray S Nicol M Prenticè M Robertson J Smilh (Appointed 9 Marth 20251 (Appointed 7 April 20251 (Appoinied 2 June 20251 (Appointèd 8 Sèptembèr 20251 (Appointed g March 20251 Charfty numb•r (Scotlandl SC049M5 Ind•p•ndont •xamln•r David Jeffomt. F.C.C.A. TC Group Busin￿ Advisors & Accountants 1 Lochrin Square 92-98 Fountsinbridge Edinburgh EH3 9QA Bank•r8 Bank of So)118nd PO Box 1000 BX2 1LB Sollcltorn Lindsays clo Lindsays Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE ST THOMAS. CHURCH CONTENTS Page Trustees. reF¥)rt Independent examinevs report Stslgmenl ol finan(i81 activitigs 8818n¢s sheet Notes lo the financial staiements 8-21 ST THOMAS. CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Truste8s present their 8nnual r8tx)rt and financial ststem8nts for th8 y88r 8nd8d 30 S8pt8mb8r 2025. The financial statements have p￿pare(l in aeeordance wth the ae£ounkn"ng policies set out in note 1 to the financial statements and comply the charity's govÈming doojment, the Charities and Tmstee Investment IScoN8ndl Act 2005, the Charities Accounts Iscouandl Regulab"ons 20(￿, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021". Obloctlves and advltles Tha charity's obj8Cts ar8 tts proclaim the truth and practical appl￿tiON of Ihè Holy Biblè and to èncouragè an individual respons& to its message ol salvalthi. St Thornas aims lo plea58 God in its public praisè. to reflect His lov8 in it5 s8rvic8 of peopl8, and to honour Him In personal wtness. Sl Thomas, Churd) has held an orth(xlox evangelical ethos from ts beginning and this will bè maintained. Achl•v•m•nts and perfomanc• The p05ilion of Rector remained vacant lor mos¢ ol the year. However, during Ihe Summer the v8can¢ committ88 and Vèstry wèrè plèasèd lo Int8Nièw a candidatè. an ordain￿1 priest within th8 Church of Enoland. to whom we were delighled to offèr the post. Thè offèr was 3￿pIed. and on 8th September Rèvd Mark Prwlica took up the position ol Rector. On 28th Septembèr Bishop Andy Lines w&lcomod Revd Prgnti¢e into th8 Anglican Convocation Europè, and licensed him wlhin thè Galcon fèllowship. In May 2025 Bishop Lines ordained Rctj Cafdew as a deacon having app)inted him as acting Minister ￿tern In February. Revd Cardew supported the work of the various committees set up during the vacancy, and did much work preaching and leading services, assisled by church members and some invited preachers. Our Sunday worship services have cxjnlinved 83 usual al 10.30, and each Sunday evening we have met lor Prayer@7. Other rtgular chur¢h groups hav& conlinued 8$ usual. We use ￿chnolOgY to facilitate worship, pr8yar, pastoral cara and 16llowship, èspèu8lly lof thosa whos8 ability to join us onsrtè is r•str￿t•d. Hom8 groups, which ar8 8 Valuable means ol pastoral ¢are. ￿ntsn￿ed to meel Ihroughgut the year, either In rnemb8r$' homes or by Z￿m. Through prayer, financial support and teCh￿￿9Y we have also continued our support ol Christians beyond our fellowship, with particular focus upon Edinburgh cty centre. the East End of London. and children's work In Colombia. We also support two ol our members In their work for Crosslinks and ACE. In March Vestry made a financial contribution lo the ChUrch-￿antsng work of Simon Donohoe in Cherrywood. Dublin. We continue to pray for the perseculed church worl¢*wide. this year focusing vpon sutrTrSaharan Africa using material provided by Open Doors. Once again, we hosted the Corstorphine Chris¢mas Support Project whith seeks to support local families over Christmas. We continue to benefit from our rnembership of the Anglican Convcratw Europe IACEI, wth a mernber of our congregation serving as a Trustee. ACE is a founding member of the AngliGqn Network in Europe IANIEI and part of Gafcon, under the leadership of the Bishcy Andy Lines. 80th ACE and ANIE continue to Show significant growth. We remain affiliated to the Evangelical Ajliance. Having been without a Rectory for the past year. in July the Properly Trustees purchased a four*edroom house al 86 East Craigs Rigg to be the new Reclory. Ouring Ihe year Vestry also made the deasion lo sell our property at 127 Clerrniston Road with a view to using the funds to purchase a property in West Craigs. Consideration is also being given to the refurbishmenl of 81 Glasgow Road. Financial ￿vIeW Pef the Statetnent ol FinanaÈl Activities, the charity ￿ported Net Income li.e. a Surplus) lor the year of £33,156 12024 - Surplus £45,092). Unrestricted general reserves for the year ended 30 September 2025 We￿ £111,730 12024.. £130.2181. Designated reserves which indudes the buildings and funds set aside were £1,712,97912024.' £1,660,830>. Restricted reserves were £5.45712024.' £5.9621. ST THOMAS. CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Reserves Policy It is the policy of the eharity that unrestricted funds whrch have not designated for a specrfic use should be maintained at a level equivalent lo at least three mnth's ntsmal expernditU￿. The Trustees consider that reserves at this level will ensure that, in the event ol a significant drop In funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of ￿SerVèS has b8en mainlaine(I throughout Ihè yèar. Funds hold by Church The following funds are held by the Church for the purposes explained he￿in.. General Fund Iunrestrictedl.. This represents the Unrestricted funds that are free to be used to ftrlher the 8in15 and operdlion of the Church, in 8ccord8nce the ConstitulK)n. The main income to this fund is general offèrings and as50eiated tax r¢￿Vered through Grfl ￿￿, and rentals. Stip8nd$, salaries and operatiig expenses are paid from this fund. Fixed Asset Fund (Designated): This lund represents Ihe depre¢iated historic cost of fixed assets used by tha Church. Discr6tionary Fund IDesignatedl.' This fund is Ltsad at tho discret*)n of the Rector for any purpose regard6d as appropriate. It is funded from the g8neral fund. F8bric Repair Fund IDesignatedl'. This fur￿ is held in reserve for the maintenance of the existing buildings used by the Church. It is lunded by transler5 from the General Fund and by speufic donations. A Rectory Fund IDe5ignaledl. This fund is deposiied in a ¢reasvry account. It cC￿l8￿nS the net proceeds after selling the old Rec¢ory and buying Ihe new one, togelher wilh accumulated interesl. The Trustees are considering how th8 furnd mi9hl be b&sl used. A Salary Fund (Dèsignalgdl. Thi$ fund wa$ set up to covgf $ignifi¢8nt In￿a$95 In salgdès in luturg years. World Con￿rn Fund (Restrictedl.. This fund is speaficalty intended for the support ol mission outreach in the wider wortd (UK and overseas). 11 is warded as a restricted lund. 11 is funded by specffic donations and associated GIft￿d tax ￿CoVery. A Flower Fund IRestric(edl is in ￿ace which is used lo provide nowws in church. The Truslees have a53es5ed Ihe major risks lo vthich the charity is exposed, and awe salisfied Ihat sysiems are in place lo miligale exposure lo the major risks. Plans for Future Poriods In tha coming year, the Lord wlling, we will be invofved in". 18aming together how the Bible appli85 to ouv lives and Ihè n68ds of today's wotld. W8 will bè working in partnership with other Churches and organizabons to understand how the Biblè's téaching 5hap8s our respons6 to the iSSLJe5 fa￿rng us as Christsans in today's society and culturè. continuing to worship within an Anglican vision of Church life, mission and polty. This wll be done in the context ol GAFCON and ACE I ANIE. as an expression ol authentsc Anglicanism in Scouand, and in fellowship with the Global Anglican Fellowship. building up the worshipping cThnmunity through regular meetsngs Whe￿ we pray logether for all aspects of our Ghurch's life and rnission. supporbng OLJr rnembers as they deepen their relationship with Jesus Christ, 8nd their own experience of discipleship through initiatives such as the Discipleship Training Prograrnrne. enGouraging others as they ex￿ore the teaching and work of Jesus Christ through developing an annual rhythm of outr88ch and opportunities for others to engage th the mission of th8 Church. engaging the Global Church through prayer and financial support of individua15. Churchas 8nd organizats.ons that align Yrith objects ol St. Thomas, as laMI (yjt in our conslrtution Ipara.21 ST THOMAS. CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structure, governance and management St Thomas, Church is a Scottish Charitable Incorporaled Organisation {SCIOI (No. SC0490451 and govemed by the terms of its Constitution. The heritable propety of the Church is vested in three property Trustees. who are appointed under the terms of the Constitution. The current property Trustees a￿ listed below. A Trusiee is appointed by the rernaining Trustees when a vacancy arises. The th￿e Twstees then nominate th￿e new"Trustees in waiting. in readiness for the next vacancy. The whole lunds and temporal affairs of Ihe congregab.on are under the management Of the Vestry. members of which are elected or appointed from the body of the congregation. They. and the ordained dergy and other staff, oversee the day-to4ay operats.￿s ol the Church. The Vestry is obliged to exhibit to the Trustees their accounts of rnanagement at least once each year. St Thomas Church has two categories ol Trust8es: Vestry members holding office under the 2019 cortstitution. as trustees in of Chapter 9 of the Charities and Trustee Investments IScotlandlAct 2005. The Vestry members who served during the year and up to the date ol signature of the financial staternents were.. PAslet A R 8enzie8 D M Bogié A Brown M Brown P Busby S Carter W D8vid$on K Demircan S Divine E Faidey G Harnillon L Henderson C MacDonald A McLaggan A Murray S Nicol M Prenti¢e M Robertson J Smith (Resigr￿ 9 March 2025) (Appointed 9 March 20251 (Appointed 7 April 20251 IRe$igned 9 March 2025) (Resigned 7 July 20251 (Resigned 9 March 2025) (Appointed 2 June 20251 (Ap￿inted 8 Strpttrmber 20251 (Appointed 9 March 20251 Trustee5 holding lilb to the heri18ble properties= A R Benies, D M Bogie, S Nicd. The Trusiees. report was approved by the Board of Truslees. D M 809ie Treasurer Dated.. 17 December 2025 ST THOMAS. CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STTHOMAS. CHURCH I report on the finarbcial st8t8m8nts of th8 tharity for th8 y88r 8nd8d 30 S8ptemb8r 2025, which 8re set out on pages 5t021. R•sp•ctlvè r•sponslbllltl•s of Trust•ès and •xamln•r The charity's Trustees are responsible for the preparation of ihe financial slaternents in accordance with the terms of the Charities and Trustee Investrnent (Scollandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006. The charity Trustees consider that the audit requirement ol Regulation 1011llaHcl of the Charities Accounts Iscouandl Regulations 2006 does not apply. It is my responsibility to examino tho finan¢i#l $t8tem$nts a$ required under 59¢tion 4411 Ilcl (>f the Charities and Trust&8 Inv8stm&nt IScotlandlAct 21K)5 and tts stat8 wh8ther particular mattèts havè come to my attent￿rn. Basls of Indo￿nd&nt •xamlnèr's $tat•mènt My examination is carried out in accordance ¥wlh Regulation 11 01 the Charities Accounts Iscotlandl Regulations 2006. An examination includes a review of the accounting records kept by the charity and a compariscn of the financial statements presented vthh those records. It also includes cOnS￿era￿.0n ol any unusual items or disclosures in the financial statements, and seeking explanalions from the trustees conceming any Such matter5. The procedure5 undertaken do not provide all the eviden￿ Ihal woukl be required in 8n audrt and consequently I do not trxpress an audit opinion M th¥ viw given by the finarwl slat$mnt$. Indopènd•nt •xamln•rf8 Stat•m•nt In the C4Jurse of my exarnination, matter ha5 c￿e to my atIen￿n 1. which gives me reasonable cause to believe thal in any material respect the requirements.. to keep accounting records in accordance wilh Seclion 4411 Mal of ¢he Charities and Trustee Investrnenl (Scotlandl Act 2005 and Regulalion 4 of the Charilie5 Accounts Iscotlandl Regulations 20Cf, and to prepar8 financial siaiemgnts which 8c¢ord with the 4¢￿￿n￿.n9 records and comply with Regul8ts'on 8 of the Chantios Aceounts (Scotlandl Regulations 2006 have not been met, or 2. to which, in my opinion, attenth)n should be drawn in order to enable a proper understanding of ihe financial statements lo be reached. 90411 hfvAI Davld J•ffcoat. F.C.CA Partner TC Group Business Advisors & Accounlants 1 Lochrin Squ8r8 92-98 Fountainbridge Edinburgh EH3 9QA Date". 1811212025 ST THOMAS. CHURCH STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Current financial year Unrestricted Unre5trict8d funds fvnds general designated 2025 2025 Restricted funds Total Total 2025 2025 2024 Notes Incom• from.. Donations and legacies Charitable activities Investment5 151.459 42,570 3.423 750 23.680 175.889 42,570 27,486 144,216 52,364 12,628 24,060 Totsl Incom• 197.452 24.810 23.683 245,945 209,208 ExpendStur• on: Charitable aetivitiès 177,748 10,853 24.188 212,789 164,116 Tatsl &x￿nd11Ur• 177,748 10,853 24,188 212,789 164,116 Net gainslllossesl on inveslmentslassets 10 378,978 N•t 1nGom•ll•x￿n￿1I￿r•l 19,704 13.957 15051 33,156 424,070 Transfers beiween fund3 138.1921 38.192 N•t movom•nt In funds 12 118,4881 52,149 {5051 33,156 424,070 Roconclllatlon of funds: Fund balances at 1 Octob8r 2024 130,218 1.660.830 5.962 1,797,010 1,372,940 Fund balaneè8 at 30 S•pt•mb•r 202S 111,730 1,712,979 S,457 1.830,166 1,797,010 The slalemenl ol financial activities indudes all gains and losses recognised in the year. All irwme and expenditure derive from ￿ntInuing activities. Th8 notes on pages 8 10 21 form an integral part of Ihese finanrial statements. ST THOMAS. CHURCH STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Prlor financial year Unre5trict8d Unrestricted nds funds general designated 2024 2024 Restricted funds Total 2024 2024 N¢)tss Incom• from.. Donations and legacies Charitable activities Investment5 118.397 52.364 12,144 3.750 22,069 144,216 52,364 12,628 477 Totsl Incom• 182.905 4.227 22,076 209,208 ExpendStur• on: Charitable aetivitiès 120,715 20.734 22,667 164,116 Tatsl &x￿nd11Ur• 120,715 20,734 22,667 164,116 Net gainslllossesl on investments 10 378.978 378,978 N•t Incom•Iléx￿nd1¢ur•j 62,19) 362,471 15911 424,070 Transfers befv488n funds 135.8291 35.829 Net movement In funds 12 26,361 398.300 15911 424,070 R•conclllatlon ol funds: Fund b818nces at 1 October 2023 103,857 1,262,530 6,553 1,372,940 Fund b•l•n¢tr¥ at 30 Sept¢m￿r 2024 130,218 1,660.830 5,962 1,797,010 The notes on pages 8 to 21 form an inlegral part of Ihese finanrial sialements. ST THOMAS. CHURCH BALANCE SHEET AS A T 30 SEPTEMBER 2025 2025 2024 Fixed assets Tangible assets 13 1,300.713 660,654 Current assets D8btors Cash at bank and in hand 14 9,236 527.732 6,987 1.133,729 536.968 1,140.716 CMdltors- amounts falllng duè wlthln on• y•ar 15 17.5151 14,3601 Not ¢urr•nt as￿1* 529.453 1.136,356 T¢tsl o8$0ts I￿¥ ¢urr•nt Il•bllttlos 1.830.166 1,797,010 Tho funds of th• charlty Restrict￿ income funds Unrestricted funds- general Unrestricted fun(Js- desi9naled 18 17 18 5,457 111.730 1.712.979 5,962 130,218 1,660,830 1,830.166 1,797,010 The financial slalomenls wore approved by the Trusloes on 17 Da¢embor 2025 D M Bog1• Treasurer ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Charity infomiation St Thornas. Church is a Scottish Charitable Ino)rporated Organisation. SCIO Number SC049045. The registered office address and principle pla￿ of business is 75-79 Glasgow Road, Edinburgh EH12 8LJ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charivs Constitution, the Charities and Trustee Investment Iscollandl Act 2005. the Charities Accounts Iscotlandl Regulations 2006 las amended) and Accounting and Reporting by Charities.. Slatement of Reo)mmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 lelfective 1 January 20191". The charity is a Public Benefrt Enb'ty as defi'ned by FRS 102. The charity has laken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo p￿pare a Ststement of Cash Flows. The fin8nci81 stslements are prepared in slerfing, which is thg lunction81 currency ol the charity. Mo)net8ry amounts in th$se financial $t8lem$nts are rounfjed to th& n$ars$t £. Th8 flnancial statemènts have b8en prepared und8r the hIstor￿1 cost cKJnvanlion. Thè prlncipal accountlng poli¢i&s adopied aro Set out b¥low. 1.2 Golng eone•m At the time of approwng Ihe financi81 st8temenls. the Trustees have 8 re83onable expectabon that the charity has adequate resources to conty'nue in Opera￿'onal existence lor the foreseeable future. Thus the Trustees ntinue to adopl the going cJ)nrArn basis ol a¢￿￿nting in preparing financial 51atements. 1.3 Charltable funds Unrastrictèd funds are availablè for usè at tha disctstion of Trustaas in furthèrance of thalr charitablè objèctivès. Restrictsd funds are subject lo spec3fic condilions by donors or grantors as (o how they may be used. The purposes and use3 of Ihe restricted funds are set out in the noles to the financial stalements. 1.4 Incom• Incom8 is recognised when the charity 1s18gally entl￿ed to il after any perform8nc8 conditions have been mel. the amounts can bg measured reliably, and it is probable that inwme wll be received. Cash donations are ￿CogniSed on receipt. Oiher donations are recognised once the charity has been notified ol the donation, unless perforrnan￿ conditions require deferral ol the amount. Income tax recoverable in relation io donalions received under Grfl Aid or deeds of o)venanl is rwnised al the time of the donation. Legacies are recogniseil on receipt or otherwse if Ihe charity has been notif￿ of an Impending distribution, the amount is knowm. and receipt is expected. 11 the any)unt is not known, the legacy is treated as a contingent asset. ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aeeounting poliei•s Icontinuadl 1.5 Expenditure Liabilities are recoynised as expenditure as s(x)n as there is a legal or construcbve obligats.on committing the charity to that expenditure, rt is probable that sethefflent will be required and the amount of th8 obligats.on ¢8n be measured or estimated r8li8bly. Liabilities are measured on recognilion at hislorical cost and then stsbsequendy measured at the best ests'mate ol the amount req¢ji￿ to settle the obligation at the reFM)rting date. The exception is that certain financial instrurnents must be adjusted to their present value.. these indude financial liabilits'es where 8etllern8nt is deferred for more than 12 monlhs after the reporbng dale. All 8xp&nditur8 is acexjunted for on an accruals basis. AJI exp8nses including support ¢osts and govgrn8n¢e costs are allocatod or apportioned lo the applicable expenditure headings. Ralslng Funds Expenditure on raising funds indudes all expenditure Ir￿1r1ed by a charity to raise funds for its charitable purposes. 1¢ includes the costs of all fvndraising acts'vi¢*S and events together with those Costs incurred in seeking don8tion5, gr8nts and legaries and investment m8nagemenl costs. Charltsble actlvltl•s Expenditure on charitable actiwii'es includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. induding those support costs and costs relating to the governance of the charity apportioned lo charitabb acts'vibes. The costs of charitable acts'vibes presented in the Statement ol Financial Acts'vits'es indudes Ihe cy)sts ol both direcl service provision and the payments of grant awards if applicable. Grant •xp•ndltur• Grants payable a￿ made lo third parties in the furtherance of the charilable objects. The award of a grant is recognised as a liability only when the criteria for a constructive obligation a￿ mel. payment is probable, il can be measured reliably and there a￿ no condrtions attaching to its payment Ihal limit recognition. In the case of an uncondrtional grant offer. Ihis is ac£￿ed ￿ce the recipienl has been notified of the grant award. The notification gives the rerypient a rea$￿able expectation tha¢ Ihey will receive the ontryear or rnulti-ye8r gr8nl. Gr8nl awards Ih8t are subjecl io the r￿lplent fulf Iling performance conditions are only accrued when the recipient has been notified ol thè grant and any rèmaining unfuifillbd o)ndib"on attaching to that grant Is outsidè of the control of thè chanty. GovernanrR cosls Governan￿ cosls Iwhith are Ind￿led as a crynponent ol support CX>5ts in accordance with SORPI comryise all cosls involving Ihe public accountability ol Ihe charity and ils compliance with regulation and good practice. These c05t5 include those related to constitutional and slalutory requirements, extemal scrutiny (audit or independent 8xaminationl, strategic managemenl, and other legal and professional fees. ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aeeounting poliei•s Icontinuadl 1.6 Tangible fixed assets Tangible fixed assets including buildings are inib.alty measured at cost and subsequendy measured at cost net of depre￿atIOn 8nd any impairrnent10sses. The Church is considered a Heritage Asset and is not ￿ported in the balanee sheet because obtalnhg the initial cost is not practicable. Depreciation is recognis8d so as to write off the cost or w4hJation of 8S58ts less th8ir r8sidu81 value5 over their useful lives on the following bases.. Freehold land and bU1￿1ngS Sooal investmenl Fixtures and fitts'ngs no dep￿ation no depreciation Straight lin8 over 10, 5 or 3 years F￿ehOld land is not depreciated. The buildings arè not depreciated as the Trustees consider th6 depreciable amount lo be immaterial as the residual value of the buildings is nol considered to be lower than the cost. s￿la1 Investments represent properlies Ihat are not bw'ng held for their rentsl income of caFital appreciation but are held for future charilable objectives. The gain or 1088 arising on tho disposal of an asset is dettrrmined as th? differen¢0 betwotrn tho $81tr proceeds and th8 carryin9 valuè of thè assel. and is iacunts. No ott￿rTrust88S rec8iv8d r8rnuneration. During the year, expenses totalling £1,744 12024". £2,282) were reimbur￿1 to three 12024". four) of tha Trustees. 15- ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Employe85 The average monthly number of employees during Ihe year was= 2025 Numb•r 2024 Number Employment costs 2025 2024 Wages and salariès Social security costs 46.692 53,318 2,047 46.692 55,365 There were redundancy and temiination payments in the year12024.' £3.0301. K•y Manag•m•nt Remun•radon The Rector is considered lo b8 key management. His r8muneration costs. whlch comprlses supand, employer's national insurance and employerfs pens*)n contributions amounted to £2,876 in the year12024'. £17,327). The prewous Reclor left ¢he Church in February 2024. The current Rector joined the Church in S8Pternber 2025.. There were no employees whose annu81 remuneration wa$ more th8n £60,000. 10 G8lns and 108S*8 On Inv•stm•nts Unrestrlcted Un￿stri￿9d funds funds d•$ignated d¥$ignated 2025 2024 GainWllo$$&sl arising on.. Sal8 of proparty 378,978 11 Taxatlon The charity is exernpt Irom taxation its activilEs because all its income is applied for charitable purposes. 12 Net in¢ornellexpendiiurel for the year 2025 2024 Operating surplus for the year is staleil after tharging.. Fees payable for independent examination of a(xx)unts Depreciation ol owned tangible fixed assets 2,550 10,853 2,340 10,640 16- ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Tangib18 fixed asuts Freehold land and buildings Social Fixturns and investment fittings Total Cost At 1 October 2024 Additions 620.438 117.052 912 737,490 650,912 f>50,OL At 30 September 2025 650,0 620,438 117,964 1,388,402 Deprgclatlon and Impalrm?nt Al 1 October 2024 Dapreciats"on Charged in the yeor 76,836 10,853 76,836 10,853 AI 30 Séptèmbèr 2025 87,689 87,689 Carrylng amount AI 30 September 2025 650.OCKI 620.438 30.275 1,300,713 AI 30 Sepiember 2024 620.438 40,216 660,654 14 Dobtor$ 2025 2024 Amounts falllng du• wlthln on• y•*r: Trade debtors her debtors Prepayments and accnjed incom8 772 2.405 6,059 1,077 2,179 3,731 9,236 6,987 15 ¢redltors= amounts falllng due wlthln one year 2025 2024 Othor taxation and swal security Trade creditors Other creditors Accruals and deferred income 898 1,532 192 4,893 44 1,134 313 2,869 7,515 4,360 17- ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 16 Restricted funds The restricted funds of the d)arity eomprise the unexpende(I balances of ￿￿￿.0ft$ an¢J grants hekl on trLJSt subject to speafic conditions by donors as to how they may be used. At 1 Otto￿r 2024 Ineomlng Rèsoureè$ •xpand•d At30 Sèpt•mbèr 2025 World Concèm Fund Flower Fund 5,493 469 23.680 124,0231 11651 5,150 307 5,962 23,683 124,1881 5,457 Pr•vlou$ y¢¥r: Al 1 0¢to￿r 2023 In¢omlng r••oure•8 R•$our¢•$ •xpand•d At30 Sèpt•mb•r 2024 World Concem Fund Flowèr Fund 5.855 22.069 122.4311 12361 5,493 469 6,553 22,076 122,6671 5,962 Purpo8•$ of R¢$trl¢t¢d Fund•', World Concern Fund.. This fund is specific8lly intended for the stjpport of mission outreach in the wder world (UK 8nd overseas). 11 is fundÈd by mèmbèrs, spèerfic donats'ons and associ8t6d Gift Aid tax récovéry. Flow•r Fund This fund is in ￿ace to provhde flowers in church. 17 Unrestrfcted funds These are the unrestricted fvnds of the charity At 1 October 2024 Income Expendlture Transfers At30 September 2025 General funds 130.218 197.452 1177.7481 138,1921 111.730 Previou$ year= At 1 October 2023 Income Expenditure Tran$frr At30 Septernber 2024 General funds 103,857 182,905 1120.7151 135,8291 130,218 18- ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 18 Unrestricted funds- de5ignat8d These are the designated funds which have been set aSKle out of unrestricted funds by the Trustees for specific purposes.. At 1 Octobèr 2024 Incomlng r•soure•s R•sOur￿S *x￿nd Transfèrs Galns and lossès At30 Sèpt•mbèr 2025 Fixèd Asset Fund Oiscretionary Fund F8bri¢ Rtrpair Fund Rectory Fund Salary Fund 660.6S4 10,8531 650.912 1,300,713 1.039 17 1,056 82.258 916.879 949 23.844 12.000 1654.7201 30.000 95,207 286,003 30,000 1,660,830 24,810 110,8531 38,192 1,712,979 Provlous year: At 1 October 2023 Incomlng I￿OUr¢e$ Resources expended Transfern Galns and IosBeS At30 Sgptember 2024 Fixed Asset Fund Oiscrgtionary Fund Fabric Repair Fund Rectory Fu 1,197,865 {11.1391 1905,0501 378,978 660,654 1,076 13 1501 1,039 63,589 4.214 19.5451 24.000 916.879 82,258 916,879 1,262,530 4,227 120,7341 35.829 378,978 1,660,830 19- ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 18 Unrèstriet•d funds- dèsignattd Icontinuadl Purposes of Designated Funds.. Flxed Asset Fund: This fund represents the depreciated cost of the buihJings with depreaation being allocated lo this Fund. Transfers during the year ended 30 September 2025 represent funds from the General Fund for assets purcha5ed.and frorn the Rectory Fund on purchase ofthe new Rectory1£650,0(XJI. Dlserètlonary Fund.. This fund is use(1 at the sde t1iscretion of the Rector for any purp)se regarded as appropriate. It is funded from the general fund. FabrSc Repair Fund This fund has been sel up with translers frc¥)) th& General Fund and donations for the maintenance ol tha existing buildings used by the Church. DuriThJ the year to 30 Seplember 2025. a fijrther transfer of £12,000 was made Irorn General Funds to this Fund. Income inio this Fund represents small donations. Rectory Fund This fund had been sgt up ftsllowing the saltr of the 6elgrav8 Road Rectory. In(x>me relates to inlèr8St èam8d in thè Trèasury Account In which thè Sa￿ procèeds wère hèld. Transfèrs during the yèar wèrè to th8 Fixad Assèt fund on purchase of thè new Reclory al East Craig Rigg 1£650,0001, and to th& General Fund for payment of legal le6s1£3,4611 and sundry i￿ld￿nIals1£1.2s9l. Salary Fund This fund has be8n sat up from a translar of £30.11)O from the G8n8ral Fund as a salary ollset lund to méet future significant increases in staff salaries. 19 Anatysls of net ass•ts botwe•n fvnd8 Unr•8trlct•d Unr•strlct•d funds ftjnds ggneral de$lgnated 202S 2025 R•strfct•d funds Total 2025 2025 At 30 September 2025.. Tangible assets Current as5etsllliabilitiesl 1,300.713 412.266 1,300,713 529,453 111,730 5,457 111.730 1.712.979 5,457 1.830,166 Unrestrfcted Unrestrl¢ted funds funds general deslgnated 2024 2024 Restrlcted funds Total 2024 2024 At 30 Sopt•mb•r 2024.. Tangible 8s5ets Current assetsllliabilitiesl 660.654 1,000.176 660,654 1,136,356 130.218 5,962 130,218 1,660.830 5,962 1,797,010 ST THOMAS. CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 20 Related party transactions There were no disdosable rdated party transadions during Ihe year12024- none). 21