_Scottish Charity No: SC050017_
**Redeemer Church Edinburgh** Scottish Charitable Incorporated Organisation (SCIO)
Trustees’ Report and Financial Statements _For the year ended 31 August 2025_
## Redeemer Church Edinbur h g
## **Contents of the Financial Statements** _for the year ended 31 August 2025_
||Page|
|---|---|
|Report of the Trustees|1 - 5|
|Report of the Independent Examiner|6|
|Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9 - 15|
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## Redeemer Church Edinbur h g
## **Report of the Trustees** _for the year ended 31 August 2025_
The Trustees present their report and the financial statements of the charity for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the 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 published in October 2019.
## **Governing document**
Redeemer Church Edinburgh was registered on 9 March 2020 as a Scottish Charitable Incorporated Organisation with the Office of the Scottish Charity Regulator under charity number SC050017.
The Church is governed by a Constitution and the Trustees have no liability to pay any sums to help to meet the debts or other liabilities if it is wound up.
## **Charitable objectives**
The Church’s purpose is the advancement of the Christian religion in Scotland and the world for the public benefit through the maintenance in Edinburgh of a body of Christian believers founded on the Basis of Faith and engaged in serving God through worship, discipling, pastoral care and outreach.
## **Basis of Faith**
The Church’s Basis of Faith requires acceptance of the Holy Bible, comprising the scriptures of the Old and New Testaments, as the inspired Word of God and the supreme authority in matters of faith and life. In explanation and clarification of this acceptance, but not in dilution thereof:
- As a confessional church, the Church takes the Westminster Confession of Faith as its subordinate standard for the purposes of stating what the Church believes the Bible to teach on the matters addressed in the Confession.
- The Elders may by Special Resolution from time to time adopt and amend an Ethos Statement further clarifying the Church’s understanding of the teaching of the Holy Bible and of the Westminster Confession of Faith.
## **Public benefit**
The Church provides direct public benefit by fulfilling its charitable purpose of the advancement of religion through worship, discipling, pastoral care and outreach.
The Church provides indirect public benefit by:
- Providing education in the Christian faith; and
- Organising for communicant members to be involved in activities directly relieving poverty and distress.
**Independent Examiner**
Innes & Partners Limited Chartered Certified Accountants and Statutory Auditors 9 Ardross Street Inverness IV3 5NN
**Banker s** CAF Bank Ltd Kingdom Bank 25 Kings Hill Avenue Media House Kings Hill Padge Road West Malling Beeston Kent Nottingham ME19 4JQ NG9 2RS
Page 1
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## Redeemer Church Edinbur h g
## **Report of the Trustees** _for the year ended 31 August 2025_
## **Trustees**
The Trustees are the Elders of the Church, and those who served during the period and to the date of this report are listed below:
## _Recruitment and appointment of Trustees_
Appointment of Trustees is solely by resolution of not less than 75% of the Trustees in office from time to time. To be appointed as a Trustee a person must (a) be male and aged 18 or over; (b) must not be disqualified from being a charity trustee under the Charities and Trustee Investment (Scotland) Act 2005 as amended, consolidated and reenacted from time to time; (c) must confirm his personal acceptance of the Basis of Faith to the satisfaction of the Trustees. The minimum number of Trustees is three.
## _Trustees’ induction and training_
Newly appointed Trustees will have the opportunity to discuss the work of the Church with Trustees to acquaint themselves with the activities of the Church. Trustees will seek opportunities for appropriate ongoing training in their role.
## _Organisational structure_
The Trustees meet fortnightly, or more frequently as needs be, and are responsible for the strategic direction and policy of the Church. A scheme of delegation is in place and day to day responsibility for the running of the Church rests with the Trustees and principal office bearers.
## _Property_
The title deeds to the property are held in the name of the church.
## _Risk management_
The Trustees are responsible for identifying the major risks faced by the Church and for determining the appropriate course of action to manage those risks. A Risk Register is maintained by Trustees and reviewed annually. Appropriate insurance cover is in place for risks relating to property, employees and liability cover.
The principal risks, and plans and strategies for mitigating these are around the areas of:
- Serious staff illness which is mitigated by ensuring the Church employs more than one person capable of conducting a church service. Elders and guest speakers may also lead or preach as required.
- Loss of a central building and place of worship which is mitigated by the successful acquisition of the church building in 2025. The leadership frequently considers congregational size and requirements.
- Loss of vision which is mitigated by maintaining clarity of the vision underlying activities.
- Significant weakening of the current level of governance controls which is mitigated by the use of specialist advisers and regular review against best practice.
- Significant loss of donation income which is mitigated by regular communication of vision and financial needs to supporters and monitored by management accounts.
Page 2
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## Redeemer Church Edinbur h g
## **Report of the Trustees** _for the year ended 31 August 2025_
## **Achievements and performance**
The Trustees are pleased to report the continuation of the Church’s gospel work during 2025.
## _Principal activities_
The principal activities of the Church are public worship, the spiritual development of its communicant members, and the mission to tell others the good news of Jesus Christ. The vision of the Church is being a local church in the heart of Colinton with a passion for the good news of Jesus.
## _Public worship_
There are typically two services each Sunday at 10.30am and 6:30pm. Attendance at the morning services is around 90, including 30 children. Additional services are held at Christmas and Easter.
## _Spiritual development_
Apart from Sunday services and the preaching of God’s Word, small groups meeting in homes and called “Growth Groups” are the principal method of providing discipleship, accountability and spiritual care. The Trustees’ vision is that all members of the congregation are part of a Growth Group as far as possible.
The Church provides a full educational programme for children. Groups for children from age two through to teenagers meet during the 10.30am Sunday service for Bible teaching, games and activities. A crèche for younger children meets during the 10.30am morning service.
## _Outreach_
The Church has a number of gospel partners at home and abroad which it supports through prayer, regular contact and other practical support. The local community are also invited to festival services. The Church offers a coffee morning for senior people called “Coffee, Cake & Company” which meets on Mondays and a toddlers’ group “Tea & Tots” which meets on Thursdays. The Church also offers courses exploring the Christian faith. A Christmas craft evening and a community ceilidh were both held successfully during the year.
## _Training future leaders_
The Church is committed to training gospel workers through our leader in training programme. The Church currently has one leader in training.
## _Contribution of volunteers_
A valuable contribution is made by volunteers who assist the Trustees in the delivery of activities. Each week volunteers serve to support the church services and activities. They serve in a variety of ways from set-up and playing in the band to leading children’s work. Additional volunteers support the mid-week activities of the Church. The Church remains committed to recruiting more volunteers to assist in a range of activities across the organisation.
## _Church building_
As set out in last year’s report, the Church is very grateful that in March 2024 the long-term security of the church building in Colinton was secured when a like-minded gospel partner purchased the building. Subsequent to this, the Church received donations from the congregation and an external organisation and received mortgage funding from Kingdom Bank to finance the project. On 31 January 2025 the Church successfully completed the purchase of the church building. This well-known building is a strategic asset in the heart of the local community in which the Church serves. The Church is grateful for partnerships with external organisations and donations from the Congregation that enabled this transaction to complete.
## **Financial review**
## _Principal funding sources_
The principal funding source for the Church is donations by Trustees, communicant members and adherents, along with the associated Gift Aid.
Page 3
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## Redeemer Church Edinbur h g
## **Report of the Trustees** _for the year ended 31 August 2025_
## **Financial review (cont’d)**
## _Financial results_
The General Fund, an unrestricted fund for the general purposes of the Church, received donations of £135,216 (2024: £142,439) during the year. The balance on the General Fund at the year end was £92,124 (2024: £106,395).
The Designated Manse Support Fund is an unrestricted fund for the cost of the manse for the minister which received donations of £4,200 (2024: £6,750) during the year. The balance on the Designated Manse Support Fund at the year end was £nil (2024: £nil).
The Property fund is a restricted fund for the future acquisition and development of the church building. The balance on the Restricted Property Fund at the year end was £nil (2024: £76,445).
The charity’s total funds at the year end amount to £271,118 (2024: £184,788).
## _Reserves policy_
Unrestricted funds are described in note 14 of the accounts.
- The General Fund has a balance of £92,124 (2024: £106,395).
- The Designated Manse Support Fund has a balance of £nil (2024: £nil). Money is set aside each year to cover the cost of the rent and council tax of the manse.
- The Designated Assets Fund has a balance of £178,994 (2024: £1,948), which represents the net book value of the fixed assets held by the church less the value of the mortgage.
- The Restricted Property fund has a balance of £nil (2024: £76,445). Money specifically donated for the cost of acquiring and developing a church building.
It is the aim of the church to maintain unrestricted general funds at a level that equates to approximately 3 months of unrestricted expenditure. The charity’s unrestricted general reserves amounted to £92,124 (2024: £184,788) which is above the required level.
## _Going Concern_
Trustees have concluded that it is appropriate to prepare the accounts on a going concern basis. A detailed four year cash and Income & Expenditure budget has been prepared which demonstrates that the charity is budgeted to operate at broadly break-even over the upcoming and three subsequent financial years assuming small congregational growth and without significant recourse to brought forward reserves in the General Fund. The major risk in the assumptions made in preparing the budget is in the assumption that congregational donations will continue to hold up and rise to meet increased levels of assumed donations.
## _Grant making policy_
The Church makes grants to individuals and organisations in accordance with the Constitution and in fulfilment of its charitable objectives. These are disclosed in note 9 to the accounts.
## _Remuneration_
The Church sets remuneration for key management personnel by reference to external benchmarking.
## **Plans for the future**
The Church will continue to give specific focus to its principal activities of public worship, the spiritual development of its members, and the mission to tell others the good news of Jesus Christ.
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## Redeemer Church Edinbur h g
## **Report of the Trustees** _for the year ended 31 August 2025_
## **Trustees’ responsibilities**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the church’s financial position and enable the Trustees to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Trustees are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 08[th] January 2026 and signed on their behalf by:
_Trustee_
Page 5
## Redeemer Church Edinbur h g
## **Report of the Independent Examiner to the Trustees** _for the year ended 31 August 2025_
I report on the accounts of the church for the year ended 31 August 2025 which are set out on pages 7 to 15.
## **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 independent examiner’s statement**
My examination is 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 seeks explanations from the 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 in 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:
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended) and
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) 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.
Innes & Partners Limited Chartered Certified Accountants
Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD
Date: 08[th] January 2026
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## Redeemer Church Edinburgh
**Statement of Financial Activities** _for the year ended 31 August 2025_
|||**Restricted**
**funds**
**£**
93,250
1,157|**2025**
**Total**
**£**
**228,911**
**4,912**|**2025**
**Total**
**£**
**228,911**
**4,912**|**2025**
**Total**
**£**
**228,911**
**4,912**|**2024**
**Total**
**£**
225,634
-|
|---|---|---|---|---|---|---|
|**135,216**|**4,200**|**94,407**|**233,823**|142,439|6,750|225,634|
|129,077|6,148|12,268|**147,493**|95,307|20,301|115,608|
|**129,077**|**6,148**|**12,268**|**147,493**|95,307|20,301|115,608|
|6,139
(20,410)|(1,948)
178,994|82,139
(158,584)|**86,330**
**-**|47,132
(11,603)|(13,551)
11,603|110,026
-|
|**(14,271)**
**106,395**|**177,046**
**1,948**|**(76,445)**
**76,445**|**86,330**
**184,788**|35,529
70,866|(1,948)
3,896|110,026
74,762|
|**92,124**|**178,994**|**-**|**271,118**|106,395|1,948|184,788|
|92,124
-
-
-|-
178,994
-
-|-
-
-
-|**92,124**
**178,994**
**-**
**-**|106,395
-
-
-|-
1,948
-
-|106,395
1,948
-
76,445|
All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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## Redeemer Church Edinburgh
**Statement of Financial Position** _as at 31 August 2025_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Total fixed assets**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: falling due within one year**
**12**
**Net current assets**
**Total assets less current liabilities**
**Creditors: falling due after one year**
**16**
**Net assets**
**Funds of the charity:**
**Unrestricted fund**
**14**
_General_
**Designated funds**
**14**
_Designated assets_
_Designated manse support_
**Restricted funds**
**15**
_Property_
**Total charity funds**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
**-**
**384,580**
**-**
**384,580**
9,017
-
104,396
-
**113,413**
**-**
(21,289)
(2,361)
**92,124**
**(2,361)**
**92,124**
**382,219**
-
(203,225)
**92,124**
**178,994**
92,124
-
-
178,994
-
-
-
-
**92,124**
**178,994**
**Unrestricted**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
**-**
**384,580**
**-**
**384,580**
9,017
-
104,396
-
**113,413**
**-**
(21,289)
(2,361)
**92,124**
**(2,361)**
**92,124**
**382,219**
-
(203,225)
**92,124**
**178,994**
92,124
-
-
178,994
-
-
-
-
**92,124**
**178,994**
**Unrestricted**|**Restricted**
**funds**
**£**
**-**|**2025**
**Total**
**£**
**384,580**|**2024**
**Total**
**£**
1,948|
|---|---|---|---|---|---|
||**-**|**384,580**|**-**|**384,580**|1,948|
||
9,017
104,396|-
-|-
-|**9,017**
**104,396**|20,049
166,151|
||**113,413**
(21,289)|**-**
(2,361)|**-**
-|**113,413**
**(23,650)**|186,200
(3,360)|
||**92,124**|**(2,361)**|**-**|**89,763**|182,840|
||**92,124**
-|**382,219**
(203,225)|**-**
-|**474,343**
**(203,225)**|184,788
(805,595)|
||**92,124**|**178,994**|**-**|**271,118**|184,788|
||
92,124
-
-
-|-
178,994
-
-|-
-
-
-|**92,124**
**178,994**
**-**
**-**|106,395
1,948
-
76,445|
||**92,124**|**178,994**|**-**|**271,118**|184,788|
The financial statements on pages 9 to 15 were approved by the Trustees on 08th January 2026 and signed on their behalf by the undernoted:
_Trustee_
The notes on pages 9 to 15 form part of these financial statements.
Page 8
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## Redeemer Church Edinbur h g
## **Notes to the Financial Statements** _for the year ended 31 August 2025_
## **1. Accounting policies**
## _**Basis of preparation and assessment of going concern**_
Redeemer Church Edinburgh is a registered charity in Scotland. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are included in the trustees’ report on pages 1 – 5.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 as published on 2 February 2016 and does not prepare a Statement of Cash Flows.
## _**Fund accounting**_
_Unrestricted funds_ are available for use at the discretion of Trustees in furtherance of the general objectives of the Church.
_Designated funds_ are unrestricted funds earmarked by Trustees for particular purposes.
_Restricted funds_ are subject to restrictions on their expenditure by the terms on which Trustees solicited donations or by restrictions imposed by the donor.
## _**Income recognition**_
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled
No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees’ Annual Report.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Page 9
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## Redeemer Church Edinbur h g
## **Notes to the Financial Statements** _for the year ended 31 August 2025_
## _**Expenditure recognition**_
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
- Expenditure on charitable activities includes costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them; and
- Other expenditure represents those items not falling into the categories above.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
## _**Donated services and facilities**_
Donated professional services and donated facilities are recognized as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of the economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity 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 as expenditure in the period of receipt.
## _**Tangible fixed assets**_
Fixed assets are capitalised at cost where the value is greater than £1,000. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the costs, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Equipment 20% per annum straight line Buildings 2% per annum straight line
## _**Debtors and creditors receivable / payable within one year**_
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 expenditure.
## _**Going concern**_
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## _**Pensions**_
Employees of the charity are entitled to join a defined contribution pension scheme. The church’s contribution is restricted to the contributions disclosed in note 5. The costs of the defined contribution scheme are included within charitable expenditure.
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## Redeemer Church Edinburgh
**Notes to the financial statements** _for the year ended 31 August 2025_
|**2.**
**Income from donations and legacies**
Donations
Gift Aid
Grants
**3.**
Interest
Rental income
**Income from investments**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
110,982
4,200
20,479
-
-
-
**131,461**
**4,200**
**Unrestricted**
**General**
**Designated**
**fund**
**funds**
**£**
**£**
1,463
-
2,292
-
**3,755**
**-**
**Unrestricted**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
110,982
4,200
20,479
-
-
-
**131,461**
**4,200**
**Unrestricted**
**General**
**Designated**
**fund**
**funds**
**£**
**£**
1,463
-
2,292
-
**3,755**
**-**
**Unrestricted**|**Restricted**
**funds**
**£**
22,500
750
70,000|**2025**
**Total**
**£**
**137,682**
**21,229**
**70,000**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
123,209
6,750
19,230
-
-
-
142,439
6,750
**General**
**Designated**
**fund**
**funds**
**£**
**£**
**-**
**-**
**-**
**-**
-
-
**Unrestricted**
**Unrestricted**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
123,209
6,750
19,230
-
-
-
142,439
6,750
**General**
**Designated**
**fund**
**funds**
**£**
**£**
**-**
**-**
**-**
**-**
-
-
**Unrestricted**
**Unrestricted**|**2024**
**Total**
**£**
193,624
32,010
-|
|---|---|---|---|---|---|---|---|
||**131,461**|**4,200**|**93,250**|**228,911**|142,439|6,750|225,634|
||**Unrestricted**
**General**
**fund**
**£**
1,463
2,292|
**Designated**
**funds**
**£**
-
-|**Restricted**
**funds**
**£**
1,157
-|**2025**
**Total**
**£**
**2,620**
**2,292**|||**2024**
**Total**
**£**
**-**
**-**|
||**3,755**|**-**|**1,157**|**4,912**|-|-|-|
## **4. Analysis of expenditure on charitable activities**
|||||||||
|---|---|---|---|---|---|---|---|
|**Analysis of expenditure on charitable a**
**_Activity_**
Local ministries
National ministries
Governance costs
**Of which:**
Relating to general fund
Related to designated funds
Relating to restricted funds
**_Activity_**
Local ministries
National ministries
Governance costs
**Of which:**
Relating to general fund
Related to designated funds
**Governance costs**
Accountancy costs
Payroll costs
Other professional fees|**ctivities**
**General**
**Designated**
**fund**
**funds**
**£**
**£**
1,918
-
816
-
17,799
-
**20,533**
**-**
**Unrestricted**||**Restricted**
**funds**
**£**
-
-
-|**Governance**
**costs**
**£**
-
-
20,533|**Staff**
**costs**
**£**
69,170
-
-|**Other**
**direct**
**costs**
**£**
4,650
3,700
49,440|**2025**
**Total**
**£**
**73,820**
**3,700**
**69,973**|
|||||**20,533**|**69,170**|**57,790**|**147,493**|
|||||_(Note 5)_
20,533|_(Note 6)_
69,170|_(Note 7)_
39,374|**129,077**|
|||||-|-|6,148|**6,148**|
|||||-|-|12,268|**12,268**|
|||||**Governance**
**costs**
**£**
-
-
12,917|**Staff**
**costs**
**£**
49,351
-
-|**Other**
**direct**
**costs**
**£**
-
1,700
51,640|**2024**
**Total**
**£**
49,351
1,700
64,557|
|||||12,917|49,351|53,340|115,608|
|||||_(Note 5)_
12,917|_(Note 6)_
49,351|_(Note 7)_
33,039|95,307|
|||||-|-|20,301|20,301|
|||||**2025**
**Total**
**£**
**1,918**
**816**
**17,799**|||**2024**
**Total**
**£**
2,390
792
9,735|
||**20,533**|**-**|-|**20,533**|12,917|-|12,917|
## **5. Governance costs**
Page 11
�������������������������������������������������������
## Redeemer Church Edinburgh
**Notes to the financial statements** _for the year ended 31 August 2025_
## **6. Analysis of staff costs**
|Wages and salaries
Defined contribution pension costs|**2025**
**2024**
**£**
**£**
**67,319**
47,264
**1,851**
2,087
**69,170**
49,351|
|---|---|
The average number of employees by head count during the year was 2 (2024: 2).
No employee received remuneration of more than £60,000 during the year (2024: nil).
The charity operates a defined contribution pension plan for all its permanent employees to which the charity contributes 6% of annual salary. The amount recognised as an expenses in the year was £1,851 (2024: £2,087).
Key Management Personnel (see page 2) remuneration totalled £69,170 (2024: £49,351).
## **7. Other direct costs**
|**Other direct costs**
**Local ministries**
Financial support
Community Support
**National & Overseas ministries**
**Note 9**
Mission national partners
**Property and resources**
Church rental
Church building utilities
Church building routine maintenance
Manse rental
Manse council tax
Running expenses
Conferences
Events expenses
Insurance
Equipment
Depreciation
Interest on mortgage
Total other direct costs|**Unrestricted**
**General**
**Designated**
**fund**
**funds**
**£**
**£**
3,650
-
1,000
-
**4,650**
**-**
3,700
-
**3,700**
**-**
2,105
-
4,745
-
3,028
-
10,100
4,200
2,309
-
2,599
-
378
-
1,446
-
1,927
-
2,387
-
-
1,948
-
**31,024**
**6,148**
**39,374**
**6,148**|**Unrestricted**
**General**
**Designated**
**fund**
**funds**
**£**
**£**
3,650
-
1,000
-
**4,650**
**-**
3,700
-
**3,700**
**-**
2,105
-
4,745
-
3,028
-
10,100
4,200
2,309
-
2,599
-
378
-
1,446
-
1,927
-
2,387
-
-
1,948
-
**31,024**
**6,148**
**39,374**
**6,148**|**Restricted**
**funds**
**£**
-
-|**2025**
**2024**
**Total**
**Total**
**£**
**£**
**3,650**
-
**1,000**
-
**4,650**
-
**3,700**
1,700
**3,700**
1,700
**2,105**
17,977
**4,745**
3,037
**3,028**
6,148
**14,300**
15,600
**2,309**
2,753
**2,599**
1,339
**378**
-
**1,446**
-
**1,927**
2,096
**2,387**
742
**6,491**
1,948
**7,725**
-
**49,440**
51,640
**57,790**
53,340|
|---|---|---|---|---|
||**4,650**|**-**|**-**||
||3,700|-|-||
||**3,700**|**-**|**-**||
||2,105
4,745
3,028
10,100
2,309
2,599
378
1,446
1,927
2,387
-|-
-
-
4,200
-
-
-
-
-
-
1,948
-|-
-
-
-
-
-
-
-
-
-
4,543
7,725||
||**31,024**|**6,148**|**12,268**||
||**39,374**|**6,148**|**12,268**||
## **8. Transactions with Trustees and related parties**
was employed as Minister of the church and also served as a Trustee during the year. During the year he received £52,133 (2024: £35,571) as salary and £1,496 (2024: £1,760) as pension contributions. These are in relation to his position as Minister.
was employed as Minister in Training of the church and also served as a Trustee during the year. During the year he received £15,186 (2024: £6,821) as salary and £355 (2024: £191) as pension contributions. These are in relation to his position as Minister in Training.
No other Trustees received remuneration or reimbursement of expenses for their position as Trustees during the year. The aggregate value of unconditional donations made by Trustees was £18,280 (2024: £38,480).
Page 12
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## Redeemer Church Edinburgh
**Notes to the financial statements** _for the year ended 31 August 2025_
## **9. Gifts and donations**
National Ministries, per note 7, comprises donations and grants made to individuals and organisations whose purposes fall within the objects of the church. Donations made to organisations and individuals in the year totalled £3,700 (2024: £1,700), as follows: UCCF ( £1,700 (2024: £1,700), SASRA £1,000 (2024: £nil) and Scripture Union £1,000 (2024: £nil).
|**10. Tangible fixed assets**
**_Cost_**
At 1 September 2024
Additions
At 31 August 2025
**_Depreciation_**
At 1 September 2024
Charge for the year
At 31 August 2025
**_Net book value_**
At 31 August 2025
At 31 August 2024
**11. Debtors**
Prepayments
Gift Aid due
Other Debtors
**12.**
Loans
Social security and other taxes
Accrued expenses
Deferred income
**Deferred Income**
Rental income
**13.**
Loans
**Creditors: falling due after one**
**year**
**Creditors: falling due within**
**one year**|**Unrestricted**
**General**
**fund**
**£**
2,395
5,272
1,350|**Designated**
**funds**
**£**
-
-
-|**Restricted**
**funds**
**£**
-
-
-|**2025**
**Total**
**£**
**2,395**
**5,272**
**1,350**|**Unrestricted**
**General**
**fund**
**£**
1,596
4,323
1,350|**£**
-
389,123
**Church**
**Building**|**Total**
**£**
**£**
9,740
**9,740**
-
**389,123**
**9,740**
**398,863**
7,792
**7,792**
1,948
**6,491**
**9,740**
**14,283**
**-**
**384,580**
1,948
1,948
**Restricted**
**2024**
**funds**
**Total**
**£**
**£**
-
1,596
12,780
17,103
-
1,350
12,780
20,049
**Restricted**
**2024**
**funds**
**Total**
**£**
**£**
-
-
-
600
-
2,760
-
-
**-**
3,360
**Balance at**
**For release**
**31.08.2025 within 1 Year**
**£**
**£**
3,208
3,208
**3,208**
3,208
**Restricted**
**-**
**funds**
**Total**
**£**
**£**
-
-
**-**
-
**Equipment**|**Total**
**£**
**9,740**
**389,123**|
|---|---|---|---|---|---|---|---|---|
|||||||**389,123**||**398,863**|
|||||||-
4,543||**7,792**
**6,491**|
|||||||**4,543**||**14,283**|
|||||||**384,580**||**384,580**|
|||||||-||1,948|
|||||||**Designated**
**funds**
**£**
-
-
-||**2024**
**Total**
**£**
1,596
17,103
1,350|
||**9,017**|-|-|**9,017**|7,269|-||20,049|
||**Unrestricted**
**General**
**fund**
**£**
-
1,386
16,695
3,208|**Designated**
**funds**
**£**
2,361
-
-
-|**Restricted**
**funds**
**£**
-
-
-
-|**2025**
**Total**
**£**
**2,361**
**1,386**
**16,695**
**3,208**|**Unrestricted**
**General**
**fund**
**£**
-
600
2,760
-|**Designated**
**funds**
**£**
-
-
-
-||**2024**
**Total**
**£**
-
600
2,760
-|
||**21,289**|**2,361**|**-**|**23,650**|3,360|**-**||3,360|
||**Unrestricted**
**General**
**fund**
**£**
-|**Designated**
**funds**
**£**
203,225|**Restricted**
**funds**
**£**
-|**Balance at**
**01.09.2024**
**£**
**-**|**Received**
**in year**
**£**
5,500|**Released**
**in year**
**£**
(2,292)|||
|||||**-**|5,500|**(2,292)**||3,208|
|||||**-**
**Total**
**£**
**203,225**|**Unrestricted**
**General**
**fund**
**£**
-|**Designated**
**funds**
**£**
-||**-**
**Total**
**£**
-|
||**-**|**203,225**|**-**|**203,225**|-|**-**||-|
Page 13
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## Redeemer Church Edinburgh
**Notes to the financial statements** _for the year ended 31 August 2025_
|**14. Analysis of Net Assets Among Funds**
Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
**15. Operating lease commitments**
The following operating lease payments ar
Within one year
Between one and 5 years|**General**
**Designated**
**fund**
**funds**
**£**
**£**
-
384,580
113,413
-
(21,289)
(2,361)
-
(203,225)
**92,124**
**178,994**
e committed to be paid:
**Unrestricted**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
-
384,580
113,413
-
(21,289)
(2,361)
-
(203,225)
**92,124**
**178,994**
e committed to be paid:
**Unrestricted**|**Restricted**
**funds**
**£**
-
-
-
-|**2025**
**Total**
**£**
**384,580**
**113,413**
**(23,650)**
**(203,225)**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
-
1,948
109,755
-
(3,360)
-
-
-
106,395
1,948
**Unrestricted**|**General**
**Designated**
**fund**
**funds**
**£**
**£**
-
1,948
109,755
-
(3,360)
-
-
-
106,395
1,948
**Unrestricted**|**Restricted**
**funds**
**£**
-
76,445
-
-|**2024**
**Total**
**£**
1,948
186,200
(3,360)
-|
|---|---|---|---|---|---|---|---|---|
||**92,124**|**178,994**|**-**|**271,118**|106,395|1,948|**76,445**|184,788|
||e committed to|be paid:|||||**2025**
**£**
-
-|**2024**
**£**
520
1,820|
||||||||**-**|2,340|
The prior year lease relates to the premises at 64 Bridge Road, Colinton, Edinburgh.
## **16. Unrestricted funds**
|||||||
|---|---|---|---|---|---|
|**Unrestricted funds**
General fund
**_Designated funds_**
Designated assets
Designated manse support
Total unrestricted funds
General fund
**_Designated funds_**
Designated assets
Designated manse support
Total unrestricted funds|**Balance at**
**01.09.24**
**£**
106,395
1,948
-|**Income**
**£**
135,216
-
4,200|**Expenditure**
**£**
(129,077)
(1,948)
(4,200)|**Transfers**
**£**
(20,410)
178,994
-|**Balance at**
**31.08.25**
**£**
**92,124**
**178,994**
**-**|
||1,948|4,200|(6,148)|178,994|178,994|
||**108,343**|**139,416**|**(135,225)**|**158,584**|**271,118**|
||**Balance at**
**01.09.23**
**£**
70,866
3,896
-|**Income**
**£**
142,439
-
6,750|**Expenditure**
**£**
(95,307)
(1,948)
(18,353)|**Transfers**
**£**
(11,603)
-
11,603|**Balance at**
**31.08.24**
**£**
106,395
-
1,948
-|
||3,896|6,750|(20,301)|11,603|1,948|
||74,762|149,189|(115,608)|-|108,343|
## **Explanation of funds**
The General fund encompasses all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.
The Designated assets fund encompasses the net book value of the fixed assets held by the church net of any borrowings.
The Designated manse support fund encompasses income ring fenced for the manse.
Page 14
�������������������������������������������������������
## Redeemer Church Edinbur h g
**Notes to the financial statements** _for the period ended 31 August 2025_
|**17. Restricted funds**
Property
Total restricted funds
**Restricted funds**
Property
Total restricted funds|**Balance at**
**01.09.24**
**£**
76,445|**Income Expenditure**
**£**
**£**
94,407
(12,268)
**94,407**
**(12,268)**
**Income Expenditure**
**£**
**£**
76,445
-
76,445
-|**Income Expenditure**
**£**
**£**
94,407
(12,268)
**94,407**
**(12,268)**
**Income Expenditure**
**£**
**£**
76,445
-
76,445
-|**Transfers**
**£**
(158,584)|**Balance at**
**31.08.25**
**£**
**-**|
|---|---|---|---|---|---|
||**76,445**|**94,407**|**(12,268)**|**(158,584)**|**-**|
||**Balance at**
**01.09.23**
**£**
-|||**Transfers**
**£**
-|**Balance at**
**31.08.24**
**£**
76,445|
||-|76,445|-|-|76,445|
## **Explanation of funds**
_The Property fund_ represents funds raised for the future acquisition and development of church premises.
|**18. Fund transfers**|**Unrestricted**|**Unrestricted**|||
|---|---|---|---|---|
||**General**|**Designated**|**Restricted**|**2025**|
||**fund**|**funds**|**funds**|**Total**|
||**£**|**£**|**£**|**£**|
|From General fund to Designated asset fund|(20,410)|20,410|-|**-**|
|From Restricted property fund to Designated assets fund|-|158,584|(158,584)|**-**|
||**(20,410)**|**178,994**|**(158,584)**|**-**|
The transfer of £20,410 from General fund to Designated assets fund relates to asset depreciation and mortgage payments on church building.
The transfer of £158,584 from the Restricted property fund to Designated asset fund relates to the acquisition of the church building in the year.
Page 15