A few questions regarding yournews template

I have a few questions regarding this theme which I have put off as I hate to post without looking around, anyway I searched the forums and nothing specific answers my queries, I hope someone can point me in the right direction.

In regards to formatting on the yournews template on the left under the editors pick where you can see 4 categories the top one being more from county news and the second being lodge & district notices, I seem to have a problem with the formatting of the pictures, I noticed when editing an article that there appears to be a small space between the picture and text, but when I edit one of these or place in a new article with a picture the gap disappears and the formatting on the homepage as you can see from here isn't correct: Welcome to the Frontpage How can I correct this?

Also editors pick, I have looked all over and I cannot find where to change the text yournews editor's pick.

Another small problem when I click into here Example of Category Blog layout (FAQs/General category) I see "Example of Category Blog layout (FAQs/General category)" I cannot find where to change this either, its not in section manager, category manager or articles?

Lastly how do I change welcome to the frontpage on the homepage