Craigmillar Park Church of

CONGREGATIONAL ACCOUNTS

Year ended 31 st December 2019

Congregation No: 010027

Scottish Charity No: SC 017061 Trustees’ Annual Report Year ended 31 st December 2019

The trustees present their annual report and financial statements for Craigmillar Park Church for the year ended 31 December 2019. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and 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 on 16 July 2014.

Objectives and Activities The is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co- operates with other Churches in various ecumenical bodies in Scotland and beyond. As Christians, we are called to spread the Good News of Jesus Christ throughout our community and beyond and to care in his name for our neighbours. This is our mission and our duty, which we gladly accept and for which the Lord Jesus Christ equips and strengthens us. Public worship is faithfully provided every Sunday. In 2019, there was an active Guild, open to all, and a range of social activities such as a Craft Group, a Lunch Club for older people and a Retired Men’s Club. All our activities are open to anyone from the congregation, the parish and beyond. All homes in the parish receive a communication from the Church three times a year; this tells them of our activities and assures them of a warm welcome. We were fortunate in 2019 to be able to appoint a full-time mission development worker, jointly with neighbouring churches, Reid Memorial and Priestfield and with financial support from the Presbytery of Edinburgh. The three congregations have a greed to work energetically and collaboratively to identify God’s will for mission in this part of the city and to respond to the complexity of the needs with a variety of mission shaped ministries. We have set up a Mission Liaison Group and spent time working to identify the main needs of our communities, identifying support for people with dementia, and their carers, as the first priority. The Mission Development Worker is now preparing a project plan. Use of our premises by the local community is encouraged. While this provides useful income, it is more important to us that the Church and Hall continue to be seen as a focal point for the community, used for Scouts, Guides and Brownies groups, dance and exercise classes, children’s parties and other social and community events. The work of the Church at national and international level is regularly brought to the attention of members and specific events are held to publicise and support charitable causes such as Christian Aid, Fresh Start, Christians Against Poverty and two local foodbanks. Nearer home, the Minister conducts parish funerals and offers marriage and baptism to those seeking the blessing of God at these important times in a family’s life. The congregation called its new minister, shared with , in June 2019 after 23 months in vacancy, during which time we were supported by Locum Ministers and Interim Moderators, all of whom contributed a great deal to the life of the congregation, enabling our worship and witness to continue smoothly throughout. The congregation continues to work closely with Reid Memorial, the linkage partner, in a number of joint working groups and in informal social gatherings. Throughout the year, the Kirk Session continued to concentrate on the specific challenges set in the current Presbytery Plan for Edinburgh and to deliver the action plan agreed with Presbytery in the latest Local Church Review. The overarching objectives remain: • to make a determined effort to understand and reach the residential community; and • to develop a close working relationship with neighbouring congregations with a view to sharing in the common witness

Achievements and Performance Sunday morning worship continues to be the main focus of the week for the congregation, providing a regular opportunity for members and visitors to pray and learn together, sharing fellowship and building community; in the course of the year, we changed our start time to 9.45am. Music continues to play an important part in worship in Craigmillar Park and we are fortunate to be able to enjoy the sound of a beautiful pipe organ and of a small but excellent choir provided mainly by members of the St Margaret’s Singers, who continue to rehearse in the Church and to contribute to special services at Easter and Christmas. There is regular participation by lay people in worship. A formal service of Holy Communion is celebrated four times a year in a shared service, twice held in Craigmillar Park and twice in Reid Memorial. In the course of the year, we agreed to introduce a monthly midweek service of Holy Communion, timed to be convenient for those attending the Lunch Club and Guild meetings. Remembrance Sunday was marked by a joint service at Reid Memorial and we also shared a number of Christmas services. The number attending Sunday worship is regularly between 40 and 50 although a special Christmas service once again attracted almost 200 people . We are aware that the earlier start time for Sunday worship poses problems for some and we continue to consider alternatives. Members helped to organise and took part in Newington Churches Together ecumenical Lenten study groups and a number of special prayer services with Priestfield Church; we also organised Advent study groups. We continued to pray for the needs

1 Trustees’ Annual Report Year ended 31 st December 2019

Achievements and Performance (continued) of the congregation and the world. We welcomed a new member in November 2019 by formal profession of faith; in addition, we were pleased to be joined by some new regular attenders and by a variety of visitors from across the world. We had two infant baptisms in the course of the year. We suffered the loss through death of a number of members and gave thanks and praise to the Lord for their faithful service and witness over so many years. The first challenge set by Presbytery in its Plan is to make a determined effort to understand and reach the residential community. Our appointment of a mission development worker supports that challenge. We continued to develop our good relationship with a local private nursery school, and were delighted to welcome the children and their parents to the church for two special services . We continue to develop our links with St Margaret's, a private care home for the elderly which is located within the parish; the Minister conducts regular worship for residents and their families . The Dunedin Wind Band, which has a close connection with the congregation, mounted a concert in the sanctuary and this attracted a large audience, as did a concert by Grup Ternari, a Spanish musical ensemble specialising in European religious and baroque music. Coffee mornings, a Christmas exhibition and Christmas Fair, ecumenical Holy Week services and breakfasts, the weekly Lunch Club, the Retired Men’s Club, and the regular Guild and Craft Group meetings all provide opportunities for outreach, mission and fellowship. The church premises continue to be heavily used by the local community and we welcome the contacts we have with people attending so many different events. We were particularly pleased in 2019 to be able to provide accommodation on a regular basis for St Peter’s Episcopal Church while their premises were under repair. We remain challenged by the absence of a focal point for mission and service within the parish. There are no schools within the parish boundaries and the dissecting of the parish by two busy arterial routes militates against a natural sense of community. The second challenge is to develop a close working relationship with neighbouring congregations with a view to sharing in the common witness. This is progressing well through the linkage, the work of joint committees and other regular opportunities for shared prayer, worship and witness. The mission life of the congregation continues in cooperation with other churches and congregations. We are active members of Newington Churches Together, an ecumenical group of local churches, and took part in their activities and events, including support for the workplace chaplaincy at Cameron Toll Shopping Centre and an Easter walk of witness. Individual members volunteer with a variety of charities and the congregation as a whole joins in organising coffee mornings and other fundraising events for Fresh Start, Christians Against Poverty and the variety of charitable projects supported by the Church of Scotland Guild. We continue to support two local foodbanks. We remain concerned about the low number of children and young people actively and regularly involved in the congregation’s life. Although our mission focus at present is on the older members of our community, we hope in time to identify and address the spiritual needs of younger people. In the meantime, we welcome the contact with young people that we get through the visits of members’ grandchildren, through the Scouts, Brownies and Guides, and with the young children in the local private nursery.

Financial Review Our principal source of income is derived from the givings of members. Members give through the Open Plate, the Weekly Freewill Offering Scheme or by regular Standing Order payments. Around 45 members’ payments are Gift Aided. We also received £1,193 under the Gift Aid small donations scheme on cash donations of £20 or less. The Trustees continued in 2019 to exercise prudent supervision of the finances. Routine fabric expenditure was undertaken in order to keep our buildings in good condition, both as assets of the charity and to ensure that they remain attractive for mission and community use. Some redecoration of the Manse was undertaken to make it ready for our new Minister moving in in early summer. A decrease in the number of members, and the lower numbers attending Sunday worship regularly, continue to be a concern and these have had a noticeable impact on donations. Income from the Weekly Freewill Offering Scheme was £6,499, a decrease of £1,086 (14.3%) from 2018. Gift Aid Donations were £30,866, a decrease of £1,577 (4.8%) over 2018, with a further £7,222 recovered from tax. Open Plate income was £6,155, a decrease of £323 (4.9%) over 2018 – this figure includes £1,193 of tax recovered under the Gift Aid Small Donation Scheme. Income from Offerings over the year thus amounted to £50,743. This figure is £3,398 (6.2%) less than the total for 2018. The purposes of the various funds held by the Congregation are detailed on page 15. The income from investments was £4,713 in 2019, an increase of £65 (1.3%) over the previous year. Local community use of Church facilities continues to grow, providing £15,576 of income, a significant increase in 2019 of £3,098 (24.8%). Contributions from congregational organisations were £1,250, a small decrease of £50 from 2018. No legacies were received in 2019. Total Ordinary General Income for 2019 was therefore £72,099, compared with £78,587 in 2018, £6,489 (8.2%) less than in the previous year. Each congregation of the Church of Scotland is required to make a Ministries and Mission contribution which is calculated on the basis of congregational income over the three previous years, and this is used to finance the Parish Ministries Fund and the Mission and Renewal Fund. Our original assessment for 2019 was £41,343, revised to £44,534 following the induction of our new Minister in June. It is normal practice in linked charges for congregations to share Minister’s costs and agreement was

2 Trustees’ Annual Report Year ended 31 st December 2019

Financial Review (continued) reached with Reid Memorial that we would share costs in a number of areas including Manse council tax and Minister’s travel. In 2019 £12,813 was spent on Fabric, including some redecoration at the Manse to make it ready for the new Minister to move in. The congregation again generously supported a number of fund raising events and raised a total of £2,420 for Christian Aid, Church of Scotland ‘All Tied Up’ HIV Programme, Fresh Start, SE Edinburgh Food Bank, Guild Projects and Christian’s Against Poverty. Overall, we ended up with a deficit of £20,288 in the general unrestricted fund.

Investment Policy and Performance Craigmillar Park Church have funds invested in the Church of Scotland Investors Trust. The performance of all the funds invested is monitored regularly and the Trustees have discretion over the management of these funds.

Risk Management The principal risk facing the congregation remains, as it does for most Church of Scotland congregations, the declining and ageing active membership. This poses both a financial risk, as regular givings decline, and an operational one, as there are fewer people available to undertake ambitious programmes of mission and development. The charity trustees are addressing these risks by: • maximising income from hall-lettings. The refurbished hall is kept clean, tidy and attractive and is attracting more new and repeat bookings. • keeping expenditure under careful review and within prudent limits • ensuring that congregational members are aware of the financial needs of the congregation through regular stewardship programmes. • engaging positively in the move to new ministry and mission arrangements for churches in this area of Edinburgh. The new arrangements approved by Presbytery will not, in themselves, lead to financial savings but closer working offers the opportunity for improved efficiencies • completing the Action Plan agreed with Presbytery in 2015 and thus addressing areas of mission which might lead to increased membership

Reserves Policy The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees’ policy to hold reserves of approximately 12 months' expenditure including designated funds. At the year-end we held £119,561 in our Fabric and Maintenance Fund (our Reserve Fund). This is higher than might normally be expected, but the Trustees are aware of the likely need to undertake significant work on the roof of the Church Hall and to invest in mission activities as the shape of the local church changes in the area; the additional reserves can be used for these purposes.

Plans for the future The congregation continues to engage with the Presbytery of Edinburgh on a five-yearly Local Church Review out of which will emerge an agreed action plan running to 2024. This will be based on the objectives set by Presbytery for the new linked congregations. The challenge for the congregation is to work constructively and collaboratively with Reid Memorial and Priestfield to discern the most effective model for church and mission in the area. We aim to create a cohesive sense of purpose for the new charge with a variety of mission shaped ministries and are working with our new Minister and Mission Development Worker to agree a stretching but achievable programme of work. We are, however, conscious also that the Church of Scotland, at national level, is working on a ‘radical action plan’ and that this may call for significant change at local level. We aim to be flexible in our response to the changing situation but to continue to provide faithful witness, worship and service to our community.

Structure, Governance and Management The congregation is a registered charity, number SC 017061, is administered in accordance with the terms of the Model Deed of Constitution, and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session and the Congregational Board are the charity trustees. The Kirk Session members are minister,

3 Trustees’ Annual Report Year ended 31st December 2019 Structure, Governance and Management and the elders of the church, chosen from those members who are considered to have the appropriate gifts and skills. The Congregational Board is appointed from within the congregation. Members of the congregation are invited to nominate individuals who are believed to have the skills and commitment to contribute to the management affairs of the Church to become members of the Board. Board Members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting. In addition, a number of elders serve on the Congregational Board. The Board is chaired by one of its members elected annually by the members of the Board and meets five times in a year. It is responsible for the oversight of the congregation’s administrative affairs; certain responsibilities are delegated to the Finance Committee and the Fabric Committee as appropriate. The Kirk Session, which meets six times a year, is responsible for spiritual affairs within the church.

Reference and Administrative Information Trustees Kirk Session Minister: (from 11 June 2019) Interim Moderator: (to 11 June 2019) Elders: .

Congregational Board Elected:

Principal Office Bearers Minister: (from 11 June 2019) Interim Moderator: (to 11 June 2019) Locum Minister: to 26 January 2019) (from 27 January 2019 to 10 June 2019) Session Clerk: Chairman of the Board: Clerk to the Board: Church Treasurer:

Principal Office Craigmillar Park Church 2c Craigmillar Park Edinburgh, EH16 5LZ Charity Name: Craigmillar Park Church of Scotland, Edinburgh Charity Registration Number: SC017061 Congregation Reference No: 010027 Contact Address: Congregational Treasurer 2 East Savile Road Edinburgh EH16 5ND

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Statement of Financial Activities Year ended 31 st December 2019

Unrestricted Restricted Endowment Total Total Funds Funds Funds 2019 2019 2019 2019 2018 Note £ £ £ £ £ Incoming Resources

Incoming resources from generating funds Donations and Legacies 1 51,993 – – 51,993 60,441 Income from charita ble activities 2 4,962 6,292 – 11,254 10,237 Income fro m ot her trading activities 3 15,576 – – 15 ,57 6 12,478 Inv est ment inco me 4 4,530 – 183 4,713 4, 648 Other 5 – – – – –

Total income 77,061 6,292 183 83,536 87,804

Expenditure on: 6 Raising funds 87 – – 87 85 Charitable ac tivities 93,12 4 6,024 – 99,14 8 94,975

Total expenditure 93,211 6,024 – 99,235 95,060

Net income/(expenditure) before gains and losses on investments (16,1 50 ) 268 183 (15, 69 9) (7,256 )

Net gains/ (losse s) on inves tm ents 5,949 – – 5,949 (4,240 )

Net income/( expenditure) (10, 201 ) 268 183 (9, 750) (11, 496 )

Transfers between F unds 170 13 (183 ) – –

Net movement in funds (10, 031 ) 281 – (9, 750 ) (11,496 )

Reconciliation of funds:

Total funds brought forward 806,46 4 7,71 4 2,00 0 816,178 827,674 Total funds carried forward 796 ,43 3 7,995 2,000 80 6,428 816,178

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Craigmillar Park Church Of Scotland

Statement of Cash Flows

Year ended 31 December 2019

Total Funds Total Funds 2019 2018 Note £ £

Net Cash used in operating activities 16 (21,756) (10,821)

Cash flows from investing activities: Interest and dividends 4,713 4,648

Net cash provided by investing activities 4,713 4,648

Change in cash and cash equivalents in the year (17,043) (6,173)

Cash and cash equivalents Brought forward 60,810 66,983

Cash and Cash equivalents carried forward 43,767 60,810

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Notes forming part of the financial statements for the year ended 31 st December 2019

Unrestricted Restricted Endowment Total Total Funds Funds Funds 2019 2019 2019 2019 2018 £ £ £ £ £ 1 Dona tions and Lega cies Offerings 42,328 – – 42,328 45,228 Tax R ecovered on Gift Aid – Offerings 7, 222 – – 7,222 7,635 Tax R ecovered on Open Plate – Offerings 1,193 – – 1,193 1,278 Legacies – – – – 5,000 Contributions fro m Congregational Organi sati ons 1, 25 0 – – 1,250 1,300 51,993 – – 51,993 60,441

Income from donations and legacies was £ 51,993 (20 18 £60,441 ) of which £51,993 was u nrestricted (2 01 8 £60,441 ) and £ 0 was restricted (201 8 £0 )

2 Income fro m charitable a cti vitie s Cha ritable Activities Weddings and Funera ls – – – – 1,200 Unrestricted Fu nds Fabric & Mainten anc e Fu nd 3,625 – – 3,625 1, 70 0 Desi gnated Funds Coffee Fund 1,337 – – 1,3 37 1, 438 Restricted Funds

Flower Fund – 457 – 457 528 Garden – Shrub Fund 203 203 29 – – Lunch Club 3,165 3,165 3,556 – – Organ Fund – – – – – Relief Fund – – – – – Sunday School/Young People – – – – – Defibrillator Fund – 351 – 351 – The Guild – 1,362 – 1,362 1, 127 Church Retired Men’s Club – 754 – 754 659 4,962 6,292 – 11,254 10,237

Income from charitable activities was £11,254 (2018 £10,237) of which £4,962 was unrestricted (2018 £4,338) and £6,292 was restricted (2018 £5,899 )

3 Inc ome from othe r tr ad ing activities Use of Premise s 15,576 – – 15,57 6 12, 478

4 Investment Income Dividends Received 4,371 – 170 4,5 41 4,5 66 Bank I nterest 159 – 13 172 82 4,530 – 183 4,713 4, 648

Income from investment income was £4,713 (2018 £4,648) of which £4,530 was unrestricted (2018 £4,469) and £183 was endowment (2018 £179)

5 Other income - – – – – –

10 Notes forming part of the financial statements for the year ended 31 st December 2019 (cont’d)

Unrestricted Restricted Total Total Funds Funds 2019 2019 2019 2018 6 Analysis of Expenditure £ £ £ £ Raisin g Funds Fr eewill Offering Envelope s 87 – 87 85

Charitable Activitie s Ministries and Mission Contribution (net of Endowment Stipe nd Income of £2 89) 44,534 – 44,534 38,320 Presb yte ry Du es 1,363 – 1,363 1,3 59 45 ,897 – 45 ,897 39,679 Minister's Travel Expenses 134 – 134 – Council Tax - Manse 823 – 823 – Pulp it Supply 228 – 228 360 Ministry Development Worker 61 6 – 61 6 – Other Salary Costs – Organ ist (i ncl supply) 4,328 – 4,328 4, 073 Fabri c Repairs & Mainten ance 12,813 – 12,813 9, 791 Other Build ing Costs Heat & Light 7,009 – 7,009 8,516 Insurance 5,8 49 – 5,84 9 5,9 55 Upkee p of Grounds 2,463 – 2,463 865 Cleaning Materials & Laun dr y 399 – 399 443 Other Expenses Telephone, Postage, Printing etc 1,021 – 1,021 1,089 Organ & Piano Main tenance 1,275 – 1,275 1,625 Life & Work Magazine (net cos t) 238 – 238 205 Church Magazin e 732 – 732 800 Communion Expenses – – – 81 Miscellane ous Expenses 609 – 609 416 Va cancy Exp enses 6,724 – 6,724 12, 781 Gove rnance Cos ts: Inde pendent Examiner's Fees 1,140 – 1,140 1, 080 92,29 8 – 92,29 8 87,759 Unrestricted Funds Fabric & Maintenance Fund – – – – (Designated F unds) Coffe e F und 826 – 826 1,388 Restricted Funds Flowe r Fund – 392 392 39 6 Garden - Shrub Fund – 104 104 100 Lunch Club – 3,594 3, 59 4 3, 222 Organ Fund – – – – Relie f Fund – – – – Sunday School/ Young People – – – – The Guild – 1,203 1,203 1, 396 Church R etired M en’ s Club – 731 731 714 93,124 6,024 99,148 94,975 87 – 87 85 93,2 11 6,024 99,23 5 95,060

Expenditure on charitable activities was £99,235 (2018 £94,975) of which £92,508 was unrestricted (2018 £89,147) and £6,024 was restricted (2018 £5,828). Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.

11 Notes forming part of the financial statements for the year ended 31 st December 2019 (cont’d)

201 9 20 18 £ £ 7 Staff Costs and numbers Sala rie s & W ages 4,328 4, 073 Socia l Sec urity co sts – – 4,328 4, 073

The averag e number of employees dur ing the year, calculate d on the basis of a hea d coun t, was as follows:

201 9 20 18 Number Number

Organis t 1 1 1 1

No employee had employee benefits in excess of £60,000 (2018 nil)

All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers’ stipends and employer’s contributions for national insurance, pension and housing and loan fund. Ministers’ stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the Minimum Stipend was £27,585; Maximum Stipend in the 5 th and subsequent years of service - £33,899.

8 Trustee Remuneration and Related Party Transaction

During the year one Trustee (The Minister) received reimbursement of expenses incurred totalling £2,394 (Council Tax for the Manse and Travel Expenses) (2018 - £nil). Note: The Minister was appointed to the linked charge of Craigmilla r Park linked with Reid Memorial with effect from June 2019 and these costs are shared on a basis of 40% being paid by Craigmillar Park totalling £957, with the remainder being paid by Reid Memorial by reimbursement to Craigmillar Park).

No Trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by t he charity during the year (2018 - £nil).

During the year a total of £17,594 (2018 - £18,986) was donated to the congregation by Trustees.

Fixed Assets

9 Tangible Fixed Assets Buildings Office Total Equipment £ £ £ Cost Surveyors confirmation Va lue at Nov 2011 £ 650,0 00 650 ,000 650,0 00 At 31st De cember 201 9 650 ,000 650,000

Accumulated Depr eciation At 1s t January 201 9 Charge for year Eliminated on Disposal At 31st December 201 9

Net Book Value At 1st Janu ary 20 19 650 ,000 650 ,000

At 31st December 201 9 650,000 650 ,000

12 Notes forming part of the financial statements for the year ended 31 st December 2019 (cont’d)

10 Investments 20 19 20 18 £ £

Market Value at 1 st Januar y 106,761 111,001 Add unrealised ga in 5,949 - Ded uct un realis ed lo ss - (4,240) Market Val ue as at 31 st December 112,710 106,761

The f ollo wing inves tmen ts are hel d: Va lue at Valu e at Cost 31st Dec 201 9 31 st Dec201 8 £ £ £ 1,000 Un its – Churc h of Scotland Investors Trus t – Growth Fund 5,580 4,920 500 1,578 Units – Churc h of S cotland Inv estor s Trus t – Growth Fun d 8.805 7,764 5,90 1 4,6 38 Un its – Church of Scotland Investors Trust – Inc ome Fund 57, 97 5 55,470 49,998 3,228 Units – Church of Scotland Investo rs Trust – Income Fund 40,350 38,607 39,995 112,7 10 106,761 96 ,394

Current Assets 11 Debtors 201 9 201 8 £ £

Gift Ai d – Tax Refund Due 2,200 897 Reid Memorial – Minister ’s Expenses 870 - 3,070 897

Bank and Cash £ £ Church of Scotland Inv estors Trus t – De posit Fund 35,002 45 ,00 2 Bank o f Scotland – Current Ac count 7,128 14,366 Petty Cash 36 23 42 ,166 59,391

12 Creditors £ £ Accruals – Indepe ndent Examin er’s Fees due 1, 140 1,0 80 Accruals – Alex McAspurren – Minister ’s Expenses 75 - Accruals – British Gas Business 1, 904 1,210 3,119 2,290

13 Notes forming part of the financial statements for the year ended 31 st December 2019 (cont’d)

13 Analysis of Net Assets Among Funds General Designated Restricted Endowment Total £ £ £ £ £ Fixed Assets 650,000 – – – 650,000 Invest ments 112,7 10 – – – 112,710 Current Assets 31, 26 4 2,459 7, 995 2,000 43,71 8

Net Assets as at 31st December 2019 793,974 2,459 7,995 2,000 806,428

14 Volunteers In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volu nteers are many and varied and much of the a ctivity wo uld be unable to continue were it not for the commitment shown.

15 Movement in Funds At 1st Incoming Outgoing At 31st January Resources Resources Transfers December 2019 2019 £ £ £ £ £

Endowment Funds Th e Late W m Scott Beque st 500 170 – (170 ) 500 The Late Mrs M Macaskill Memorial Fund 1,5 00 13 – (13 ) 1,500 2,000 183 – (183 ) 2,000

Restric ted Funds Flower Fu nd 554 457 392 – 619 Garden – Shrub Fund 46 203 104 – 145

Lunch Club 1, 346 3,165 3,594 – 917 Orga n Fun d 3,2 77 – – – 3,277 Relief Fund 143 – – – 143 Sunday School/Young People Fund 92 9 – – 13 942 Defibrillator Fund - 351 - - 351 Th e Guild 1, 363 1,362 1,203 – 1, 522 Church Retired Men’s Club 56 754 731 – 79 7, 714 6,292 6,024 13 7,995

Unrestric ted Funds General Fund – 72,09 7 92,38 5 20,288 – Propert y Reserve Fund – Manse 650,000 – – – 65 0,00 0 Fab ric & Maintena nce Fund 136,052 3,62 7 – (20,118 ) 119,5 61 Gain/(Loss) on revaluation of investments 18,464 5,949 – – 24,413

Designated Funds Cof fee Fund 1,948 1, 337 826 – 2,459 806, 464 83,0 10 93,2 11 170 796,43 3

Total Funds 816,178 89,485 99,235 – 806,428

14 Notes forming part of the financial statements for the year ended 31st December 2019 (cont’d)

Purpose of Endowment Funds

Stipend Endowment Income: Income from a Capital sum held by the Church of Scotland General Trustees is set against the incumbent Minister’s Stipend. (with effect from 2013 shown as a deduction from Ministries and Mission contribution). The Late Wm Scott Bequest: Income to be used for the benefit of the fabric of the Church premises – transferred to Fabric & Maintenance Fund. The Late Mrs M Macaskill Memorial Fund: Income to be used to provide Sunday School teaching materials – transferred to Sunday School/Young People.

Purposes of Restricted Funds Flower Fund: a fund to provide flowers for display during services of worship. Garden - Shrub Fund: a fund to provide plants and materials for the Church garden. Lunch Club: the Church runs a Lunch Club once a week when people (mainly the elderly but not exclusively) from the Parish and beyond can have a reasonably priced meal in congenial company. Organ Fund: this fund is used to pay for major works of repair to the Church organ and is funded by donations and special fund raising events. Relief Fund: this is a hardship fund and the distribution of any funds is at the discretion of the Minister. Sunday School / Young People: Endowment Income is used to provide teaching materials. Defibrillator Fund: this fund is for the provision of a defibrillator for use by the local community. The Guild: The Guild is a national organisation within the Church of Scotland. Annually they raise funds of several hundreds of pounds, for specific projects and the funds are forwarded to the national treasurer. Although they maintain their own accounts the details of these are now included in our Church accounts. Craigmillar Park Church Retired Men’s Club: This is a Club run by its members but under the auspices of the Church, for men of retirement age. They meet on a weekly basis and have a wide variety of speakers. Although they maintain their own accounts the details of these are included in our Church accounts.

Purpose of Unrestricted Funds

General Fund: our Income and Expenditure for the year is processed through this account. Any resultant surplus/deficit at the end of the period is transferred to/from our Fabric and Maintenance Fund. Property Reserve Fund - Manse: the Manse property is owned by the Congregation. In October 2009 we obtained a Surveyor’s valuation indicating a current sale price for the property of £725,000. In November 2011 we obtained a more realistic current market valuation from our Surveyor of £650,000. Our Accounts now reflect this new figure. Fabric & Maintenance Fund: this is our Reserve Fund and represents our liquid assets not designated in any of the other Funds. Extraordinary fabric repairs and improvements are met from this Fund. Any surplus or deficit in the annual Income and Expenditure is placed into/deducted from this account. Legacies not specifically designated for a particular use are placed in this account

Designated Funds Coffee Fund: The Church purchases supplies of coffee, biscuits etc for use by the various organisations in the Church. Donations are made towards the costs and this can result in a surplus in the account at the end of the year. Dependent on the resultant balance the funds may be used to purchase items for the Church or donated to worthwhile causes as agreed by the Congregational Board. Donations made from the Coffee Fund this year were: £ Community Church Edinburgh – Food Bank 200 Bristo Memorial Church, Craigmillar, Edinburgh 150 350

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16 Reconciliation of net movement in funds to net cash flow from operating activities

2019 2018 £ £ Net movement in funds (9,750 ) (1 1,496 )

Deduct interest i ncome (4 ,713 ) (4,648 ) Deduct ga ins / add back losses on investments (5,949) 4, 24 0 Decrease (Increas e) in debtors (2,173 ) (127) In crease (Decrease) in credito rs 829 1,210

Net cash used in operating activiti es (21,756 ) (10,821 )

17 Collections for Third Parties In addition to the General Fund Income recorded in these Accounts the following income from Special Collections and Fund Raising Eve nts for special purposes was recei ved and disbursed du ring the year to oth er Charitie s. 2019 2018 £ £ Chr istian Ai d [incl uding cheques payable to Ch ris tian Aid] 403 77 7 Church of Scotland ‘All Tied Up ’ HIV Programme 238 - Fresh Star t ( Summer Fair) [incl uding cheques payable to Fr esh Star t] 435 645 SE Edinburgh Food Bank (Blythswood Care – Harvest Collection ) 236 - Cr aigmillar P ark Church Guild ( alloc ation from Craft Fair) 441 312 Christian s Against Poverty (Christmas collections) 667 - Mary's Meals - 760 Richm ond's Hope - 583 Bethany Chr istian Trus t (50 % Christmas Fa ir) - 312

2,420 3,3 89

16 CRAIGMILLAR PARK CHURCH

Accounting Policies

The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below .

General information The charity is a registered charity in Scotland and is unincorporated. The address of the principal office is c/o 2c Craigmillar Park, Edinburgh EH16 5LZ.

Basis of preparation The accounts have been prepared in accordance with applicable accounting standards and under the historical cost convention, modified to reflect the inclusion of investments at market value, and in accordance with the Charities and Trustee Investment (Scotland) Act 2005, The Charities Accounts (Scotland) Regulations 2006 (as amended), the Regulations anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007, FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the 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) (Charities SORP (FRS 102)). The financial statements are prepared in sterling, which is the functional currency of the entity. The charity constitutes a public benefit entity as defined by FRS 102.

Going concern There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.

Incoming resources All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity.

Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure is accounted for on an accruals basis. Expenditure is allocated to the particular activity where the cost relates directly to that activity. Irrecoverable VAT is charged against the category of expenditure for which it is incurred. Charitable Activities: Costs of charitable activities include all expenditure for providing worship in various forms and activities within the congregation.

Tangible fixed assets The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church and halls vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. The manse is owned by Craigmillar Park Church but no value for this asset was previously shown in the Church Accounts. It was introduced at an estimated valuation by the Trustees as at 31 st December 2007. In October 2009 we

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Accounting Policies (continued) obtained a Surveyor’s valuation indicating a current sale price for the property of £725,000. In November 2011 we obtained a more realistic current market valuation from our Surveyor of £650,000. Our Accounts now reflect this new figure. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the statement of financial activities in the period in which the liability arises.

All tangible fixed assets costing in excess of £1,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives: Feuhold buildings 0 years Fixtures, fittings and office equipment 1 year

Investments Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.

Taxation Craigmillar Park Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.

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