Leith St Andrew's Church of Scotland, EdinburghStatement of Financial ActivitiesYear ended 31 December 2019

Note Unrestricted Restricted Endowment Unrestricted Restricted EndowmentFunds Funds Funds Total Funds Funds Funds Total2019 2019 2019 2019 2018 2018 2018 2018

£ £ £ £ £ £ £ £Income and endowments from:

Donations & legacies 1 65,499 1,000 66,499 61,135 61,135 Charitable activities 2 1,986 1,986 3,481 3,481 Other trading activities 3 21,079 21,079 20,449 20,449 Investments 4 6,216 2,109 8,325 5,986 1,328 7,314 Other income 5 5,983 5,983 6,468 6,468

Total Income 100,763 - 3,109 103,872 97,519 1,328 98,847

Expenditure on:

Raising Funds 6 178 178 185 185 Charitable activities 6 104,671 - 2,199 106,870 105,993 1,188 107,181

Total Expenditure 104,849 - 2,199 107,048 106,178 1,188 107,366

Net income/(expenditure) before gainsand losses on investments (4,086) - 910 (3,176) (8,659) 140 (8,519)

Net gains/(losses) on investments

106,003 2,175 8,178 (5,336) (3,313) (8,649)

Revaluation of Properties

Net income/(expenditure) 6,003 - 2,175 8,178 (5,336) (3,313) (8,649)

Net movement in funds 1,917 - 3,085 5,002 (13,995) (3,173) (17,168)

Reconciliation of funds:

Total funds brought forward 1,028,997 63,362 1,092,359 1,042,992 66,535 1,109,527

Total funds carried forward 1,030,914 - 66,447 1,097,361 1,028,997 63,362 1,092,359

Leith St Andrew's Church of Scotland, Edinburgh

Balance Sheet at 31 December 2019

Total TotalUnrestricted Endowment funds funds

funds funds 2019 2018Note £ £ £ £

Fixed AssetsTangible Fixed assets 9 400,000 400,000 400,000 Investments 10 112,158 66,447 178,605 170,427 Investment properties 11 400,000 400,000 400,000

912,158 66,447 978,605 970,427 Current Assets

Debtors 12 4,267 4,267 4,309 Bank and cash 49,957 49,957 33,749 CofS Deposit Fund 64,532 64,532 83,874

118,756 - 118,756 121,932

Net Current Assets 1,030,914 66,447 1,097,361 121,932

Net Assets 14 1,030,914 66,447 1,097,361 1,092,359

The funds of the charity:Endowment funds 14 66,447 66,447 63,362

Unrestricted Funds 14 1,030,914 1,030,914 1,028,997

Total Charity funds 1,030,914 66,447 1,097,361 1,092,359

Leith St Andrew's Church of Scotland, Edinburgh

Statement of Cash Flows

Year Ended 31 December 2019

Total Total

Funds Funds

2019 2018

Note £ £

Net cash used in operating activities 15 (11,459) (14,622)

Cash flows from investing activities:

Interest and dividends 8,325 7,314

Change in cash and cash equivalents in the year (3,134) (7,308)

Cash and cash equivalents brought forward 117,623 124,931

Cash and cash equivalents carried forward 114,489 117,623

Leith St Andrew's Church of Scotland, Edinburgh

Year ended 31 December 2019

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.

Basis of Preparation

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 Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16th July 2014 and the Charities and Trustee

Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).

Funds

Funds are classified as either restricted funds, endowment funds, or unrestricted funds, and are defined as follows:

Restricted Funds

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

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

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

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be

received, and the amount can be measured reliably.

Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the

donated item have been met, the receipt of 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.

Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the

interest paid or payable by the Bank.

Fixed Assets

The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including any Church, Halls & Manse vested in the Church of

Scotland General Trustees. No consideration is payable for the use of these assets. 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.

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

Leith St Andrew's Church, Edinburgh 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.

Leith St Andrew's Church of Scotland, Edinburgh

Notes forming part of the financial statements

Year ended 31 December 2019

Unrestricted Restricted Endowment Unrestricted Restricted Endowment

Funds Funds Funds Total Funds Funds Funds Total

2019 2019 2019 2019 2018 2018 2018 2018

£ £ £ £ £ £ £ £

1Donation & Legacies

Offerings 44,286 44,286 # 45,723 # 45,723

Tax recovered on Gift Aid 9,692 9,692 10,603 10,603

Legacies 9,000 1,000 10,000 1,000 1,000

Gift appeal 1,384 1,384 1,110 1,110

Donations 260 260 2,070 2,070

Other 877 877 629 629

65,499 # - # 1,000 66,499 61,135 # - # - 61,135

2 Income from charitable activities

Weddings & funerals 590 590 600 600

Fundraising & BB Memorial 1,396 1,396 2,630 2,630

Night shelter donations - - 251 251

1,986 # - # - 1,986 3,481 # - # - 3,481

3 Income from other trading activities

Use of premises 13,902 13,902 11,105 11,105

Net income from EW manse 7,177 7,177 9,344 9,344

21,079 # - # - 21,079 20,449 # - # - 20,449

4 Investment income

Deposit Fund interest 657 657 428 428

Dividends received 5,559 2,109 7,668 5,558 1,328 6,886

6,216 # - # 2,109 8,325 5,986 # - # 1,328 7,314

5 Other income

Receipts from General Trustees 4,783 4,783 4,788 4,788

Examiner's Fees - donated 1,200 1,200 1,680 1,680

5,983 # - # - 5,983 6,468 # - # - 6,468

Unrestricted Restricted Endowment Unrestricted Restricted Endowment

Funds Funds Funds Total Funds Funds Funds Total

2019 2019 2019 2019 2018 2018 2018 2018

£ £ £ £ £ £ £

6 Analysis of Expenditure

Raising Funds

Offering Envelopes 178 178 185 185

178 # - # - 178 185 # - # - 185

Charitable Activities

Ministries and Mission Allocation 54,772 54,772 53,883 53,883

Presbytery Dues 1,586 1,586 1,496 1,496

Worship & Christian Education 313 313 323 323

Pulpit Supply 360 360 180 180

Pianist 3,025 3,025 2,800 2,800

Council Tax 2,702 2,702 2,629 2,629

Heating & Lighting 8,319 8,319 9,736 9,736

Insurance 6,226 6,226 6,078 6,078

Other Buildings Costs 6,475 6,475 5,415 5,415

Office Phone & Internet 416 416 369 369

PR & Communications 431 431 583 583

Leith Churches Together 120 120 120 120

One Church 179 179 189 189

Other expenses 673 673 696 696

Fabric 15,324 15,324 9,641 9,641

Fabric from Fundraising - - 7,429 7,429

Legacy expenditure 2,550 2,550 - -

Children Ministry & Playgroup - - 2,746 2,746

Independent Examiners Fee 1,200 1,200 1,680 1,680

Benevolent Fund - 2,199 2,199 - 1,188 1,188

104,671 # - # 2,199 106,870 105,993 # - # 1,188 107,181

Total 104,849 # - # 2,199 107,048 106,178 # - # 1,188 107,366

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.

7 Staff costs and numbersAll 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 and the maximum stipend (in fifth and subsequent years of service) was £33,899.

8

Trustee Remuneration and Related Party Transactions

During 2019, council tax of £2,702 (2018: £2,629) was paid on behalf of Rev Rob MacKenzie. A gratuity of £500 (2018: £500)for administrative work was paid to Mrs Joanne Baird (a trustee). During the year a total of £22,243 (2018: £22,579) wasdonated to the congregation by Trustees.

9 Tangible Fixed Assets

Buildings Total

Cost £ £

At 1 January 2019 & 31 December 2019

(Manse - Lochend Road) 400,000 400,000

The property was revalued by Dunpark Property Agents in 2017.

10 Investments

2019 2018

£ £

At 31 December 2018 170,427 179,076

Gain/(loss) on revaluation 8,178 (8,649)

At 31 December 2019 178,605 170,427

Investments held at market value:

CofS Investors Trust - Income Fund 170,462 163,098

RBS Ordinary Shares 8,143 7,329

178,605 170,427

The original cost of investments total £149,460.

2,019 2,018

11 Investment Properties (107 Easter Warriston, EH7 4QZ) £ £

At 31 December 2018 & 31 December 2019 400,000 400,000

The property was revalued by Dunpark Property Agents in 2017.

12 Debtors 2019 2018

£ £

Gift Aid tax refund due 4,267 4,309

13 Analysis of Net Assets Among Funds

Unrestricted Restricted Endowment Total

£ £ £ £

Fixed Assets 400,000 400,000

Investments (market value) 512,158 66,447 578,605

Current Assets 118,756 118,756

Net assets at 31 December 2019 1,030,914 # - # 66,447 1,097,361

Volunteers

In common with all congregations of the Church of Scotland the congregation benefits from the contributions made by volunteers who give their time and talents willingly for thebenefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue wereit not for the commitment shown.

14 Movements in Funds At 1 Jan Incoming Outgoing Investment At 31 Dec

2019 Resources Resources Revaluation Transfer 2019£ £ £ £ £ £

Endowment fund Benevolent Fund - Capital Reserves 29,010 29,010 Revaluation of Investments 8,458 2,175 10,633

Benevolent Fund - General Fund 25,894 3,109 (2,199) 26,804

63,362 5,284 (2,199) - - 66,447

Unrestricted Funds (Designated)

Ministerial Staffing Fund 33,651 33,651

Fabric Fund 68,167 13,393 (15,324) 66,236

Children's Ministry 1,006 1,006

Flower Fund 1,633 347 (219) 1,000 2,761

Christmas Decoration Fund 193 193

Bethany Night Shelter 195 (105) 90

BB Memorial Renovation 1,631 1,631

Kirk Session Special Project 12,500 12,500

Manse - Lochend Road 400,000 400,000 Manse - Easter Warriston 400,000 400,000

Unrestricted Funds

General account 110,021 87,023 (89,201) 6,003 (1,000) 112,846

1,028,997 100,763 (104,849) 6,003 - 1,030,914

Total Funds 1,092,359 106,047 (107,048) 6,003 - 1,097,361

Purposes of Endowment Fund

This Trust Fund is administered by the Minister, Session Clerk, and Session Treasurer on behalf of the Kirk Session. The Capital is held in reserve and the annualincome can be used... "to assist any members of the congregation or other persons associated with the congregation who had particular needs; to promotethe Christian faith among the youth of the congregation and parish; and to assist in the mitigation of poverty and distress within the congregation and the Cityof Edinburgh".

Purposes of Unrestricted Funds (Designated)

Ministerial Staffing Fund - the Trustees have set aside funds for the funding of a youth worker and a parish support worker. Although these positions could nolonger be supported, funds are accrued to support future initiatives e.g. joint working with other Leith churches.

Fabric fund - the Trustees have set aside funds for the maintenance of the church property.

Children's Ministry - the Trustees have set aside funds for the provision of materials to be used for the ministry to children.

Flower fund - this is used to provide flowers for display during services of worship and then the flowers are distributed to members or the housebound.

Christmas Decoration Fund - the Trustees have set aside funds for the decoration of the church and halls.

Bethany Night Shelter - these funds are used to provide meals for the care van and night shelter during the provision of services by Bethany Christian Trust.

BB Memorial; Renovation fund - the Trustees have set aside funds for the renovation and maintenance of the commemorative BB memorial lamp.

Kirk Session Special project - the Trustees have set aside funds to enable special projects to take place which could not be supported from other funds.

Manse - Lochend Road - this is the family home of the Rev. Rob Mackenzie. (Revalued 2018)

Manse - Easter Warriston - this is the former Manse of St Thomas' Junction Road which is rented out. Rental Income and Sale proceeds are designated forFabric. (Revalued 2018)

2019SUMMARY OF GENERAL ACCOUNT

START MINUS PLUS END

Reserve Balance 67,387

Revaluation of 2018 investments 5,336 62,051

Opening Reserve Balance 62,051

2019 Income & Expenditure difference 14,712 CofS Trustees Funds 4,783

2019 Reserve Balance 52,122

Legacy Funds 36,453 2,550 8,000 41,903

Fundraising 7,149 36 1,396 8,509

Temporary funds 59 313 296 42

Accrual 4,309 4,309 4,267 4,267

110,021 21,920 18,742 106,843

Revaluation of Investments 2019 6,003

Balance of General Account 2019 112,846

_______________________________________________________________________