CHARITY REFERENCE NUMBER -SC000301
ACCOUNTS FOR THE YEAR ENDED 31% AUGUST 2025
## ST JAMES EPISCOPAL CHURCH
## CHARITY REFERENCE NUMBER - SC000301
## CHARITY TRUSTEES — Members of the Vestry
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## INDEPENDENT EXAMINER
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i.
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## BANKERS
Bank of Scotland 27 Market square Stonehaven AB39 2BB
## CHURCH ADDRESS
Arbuthnott Street Stonehaven AB39 2JB
## PRINCIPAL OFFICE
St James Church Arbuthnott Street Stonehaven AB39 2JB
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## St James’ Episcopal Church Report of Vestry Year Ended 31“ August 2025
The members of the Vestry present their annual report together with financial statements for the year ended 31% August 2025.
## Structure and Governance
In terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006, the Vestry reports to the congregation as follows: St James Episcopal Church — Stonehaven is a registered Scottish Charity (SC000301).
1. It is a member of the Diocese of Brechin of the Scottish Episcopal Church and is in full communion with the Anglican Church. me The superior authority is the Bishop of Brechin. a All its affairs are governed by the Vestry.
## Appointment of Vestry members
Vestry members are elected or appointed by the Annual General Meeting established by constitution and under Canon law of the Scottish Episcopal Church. There is no formal induction programme but ongoing guidance is given to ensure that Vestry members are familiar with the Church’s values, aims and responsibilities as the designated trustees of a charity.
Administrative Structure It is the duty of the Vestry to manage the temporal affairs of the congregation with responsibility to keep the fabric and property of the church and other buildings in good working order and to look after the finances of the church. Statement of risk The vestry keeps under review the major risks to which the church is exposed and has established procedures to mitigate any risks identified. The Protection of Vulnerable Groups Coordinator is a member of vestry and reports to each meeting. Her contact details are prominently displayed in the church.
Charitable Objectives and Activities
The Church’s principal activities include public worship in sacrament and prayer, Christian education, charitable work and fund raising for local, national and international needs, social meetings, predominantly of the youth, the elderly and many community groups of all ages.
## Volunteers
The Vestry is grateful for the time freely given by a large number of volunteers, without whom many of the activities would be unable to operate.
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## St James’ Episcopal Church
## Report of Vestry (continued)
## Achievements and Performance
The Church continues to make its facilities available for use and provide worship for the whole community.
## Financial Review
A deficit of £6,502.79 was made during this financial year compared with a deficit of £2,199.53 last year. Investments showeda loss in value of £6,001.27.
## Plans for the future.
The Vestry will continue its range of present activities in the future.
## Reserves
The Vestry has a policy of trying to maintain a level of unrestricted reserves such that, in the event of a significant drop in income, the church would be able to maintain its current level of activities for a reasonable period until replacement funding is found.
## Statement of the Vestry member’s responsibilities
The members of the Vestry must prepare financial statement which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Vestry are responsible for keeping proper accounting records which, on request, must reflect the current financial position of the church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for prevention and/or detection of fraud and other irregularities.
On behalf of the Vestry
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## OAPPENDIX 3
## Office of the Scottish Charity Regulator
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Independent examiner’s report on the accounts _,.
trustees/membersReporttotheof CharitynameSt James Episcopal— Church Stonehaven
Registered charity SC000301
number
On the accounts of the Period start date Period end date
charity for the period Day Month Year Day Month Year
1 9 2024 to 31 8 2025
Set out on pages (remember to include the page
numbers of additional sheets)
Respective the charity’s trustees are responsible for the preparation of the accounts in accordance
responsibilities of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the
audit requirement of Regulation 10(1) (d) 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 My examination is carried out in accordance with Regulation 11 of the Charities
examiner's statement 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, | do not express an audit opinion on the accounts.
Independent examiner’s _ In the course of my examination, no matter has come to my attention fethestran+trat
statement diselesechenthe-stteched-nace*|
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, and
* to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
“_— a , r to enable a proper
Signed: t Jomoy 2026
Name: }
Relevant professional
qualification(s) or body
(if any):
Address:
*Please delete the words in the brackets it they do not app y. @ words do apply, set out those matters which have come to your attention on the
following page.
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|ar
APPENDIX 3
## Disclosure section
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Only complete if the examiner needs to highlight material problems.
Give here brief details of
any items that the
examiner wishes to
disclose
/
.
/
/
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a ))
St James Scottish Episcopal Church Stonehaven
## Statement of Balances
As at 31st August 2025
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|2024-2025|2023-2024|
|Bank|and|cash|in|hand|
|Opening|balances|£48,413.18|£50,612.71|
|Surplus/-|Deficit|for year|-£6,502.81|-£2,199.53|
|Closing|Balances|£41,910.37|£48,413.18|
|—ooooooooooa_—_—__=__|
|Investments|
|Shares|
|Market|Value|at|beginning|of year|£148,610.17|£119,520.87|
|Sale|of|investments|in|the|year|£0.00|£0.00|
|Unrealised|gain/loss|in|year|il-£6,001.27|£29,089.30|
|Market value|at end|of year|£142,608.90|£148,610.17|
|SEC|Unit|Trust|Pool|
|Market|Value|at|beginning|of year|£268,880.34|£244,004.52|
|Sale|of|investments|in|the|year|£0.00|£0.00|
|Unrealised|gain/loss|in|year|£14,244.38|£24,876.72|
|aE|LA|el|
|Market|value|at end|of year|£283,124.72|£268,880.34|
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Approved by the Vestry on 16th November and signed on their behalf
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## Receipts and Payment Account As at 31st August 2025
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|Note|2024-2025|2023-2024|
|Receipts|
|Offertory|2|£20,050.40|£19,540.72|
|Donations|2|£6,959.65|£6,862.26|
|Action|Groups|3|£6,119.60|£6,405.50|
|Investment|Income|4|£16,134.55|£11,086.20|
|Miscellaneous|Income|5|£3,890.55|£7,480.46|
|Property|Income|6|£11,192.50|£9,932.35|
|Grants|7|£5,500.00|£2,522.99|
|Total|Receipts|£69,847.25|£63,830.48|
|Payments|
|Quota|8|£7,054.46|£5,.420.34|
|Cost|of|Ministry|9|£16,256.56|£17,461.08|
|Property|Expenses|10|£41,721.41|£32,770.73|
|Church|Expenses|11|£4.307.99|£3,045.35|
|Miscellaneous|Expenses|12|£3,713.05|£5,229.38|
|Ministry Team|Expenses|13|£0.00|£0.00|
|Action|Groups|14|£2,826.59|£1,338.13|
|Charitable|Expenditure|15|£470.00|£765.00|
|TotalPayments|£76,350.06|£66,030.01|
|Surplus/-|deficit for year|-£6,502.79|-£2,199.53|
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## NOTES ON ACCOUNTS 31st August 2025
## 1. ACCOUNTING POLICIES
(a)investments held beneficially are stated at cost. Endowment investments granting rights to income only are excluded from the balance sheet (b) Unrestricted funds are divided into general and designated funds, use of the latter being governed by the vestry. Restricted funds are subject to specific conditions imposed by the donor or related Trust.
## INCOME
:
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|2.|CONGREGATIONALVOLUNTARY INCOME AND|2024-2025|2024-2025|2023-2024|2023-2024|
|Freewill/gift aid Offerings|£11,272.75|£12,850.00|
|Freewill|£2,230.62|£3,624.83|
|Gift Aid - tax recovered|£6,547.03|£3,065.89|
|Donations|£6,959.65|£6,862.26|
|£27,010.05|£26,402.98|
|3|ACTION GROUPS|
|Social|/ Coffee|Mornings,|etc|£6,119.60|£6,405.50|
|£6,119.60|£6,405.50|
|4|INVESTMENT INCOME|
|Interest SEC|Unit Trust|£8,844.66|£7,772.58|
|Stock Market Securities Dividends|£7,289.89|£3,313.62|
|£16.134.55|£11,086.20|
|5|MISCELLANEOUS|INCOME|
|Misc income|£1,406.25|£5,482.29|
|Funerals/Weddings|£1,142.10|£150.00|
|Shared|ministerial expenses|£1,342.20|£1,848.17|
|£3,890.55|£7.480.46|
|6|PROPERTY REVENUE|
|Church &|Hall Users|£11,192.50|£9,932.35|
|£11,192.50|£9.932.35|
|7|GRANTS|
|Diocese|of Brechin|£2,000.00|
|SEC Province|£2,000.00|£577.99|
|Meikle Carewe Windfarm|£1,500.00|£0.00|
|Garfield Weston|£0.00|£1,500.00|
|NESCAN Seed Fund|£0.00|£445.00|
|£5,500.00|£2.522.99|
|TOTAL INCOME|£69,847.25)|TOTAL INCOME|£63,830.48|
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## PAYMENT
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|---|---|---|---|---|---|---|
|8|QUOTA|£7,054.46|£5,420.34|
|£7,054.46|£5,420.34|
|9|COST OF MINISTRY|
|Locums|£0.00|£342.50|
|Stipend|£16,256.56|£16,201.56|
|Expenses for|ministerial duties|£0.00|£917.02|
|£16,256.56|£17,461.08|
|10|PROPERTY EXPENSES|
|Church|
|~|Insurance|(includes|hall|insurance)|£4,811.43|£4,668.52|
|- Repairs|£7,058.40|£9,212.69|
|- Phone and WiFi|£617.77|£538.32|
|- Heating|and|Light|£11,293.61|£11,195.38|
|- Water Rates|£151.69|£0.00|
|£23,932.90|__£25,614.91|
|Rectory|
|- Repairs|£168.00|£359.12|
|-Council tax|£3,202.97|£3,023.54|
|-Miscellaneous|£0.00|£0.00|
|£3.370.97|£3,382.66|
|Hall|
|-Repairs|£11,336.34|£1,233.16|
|£11,336.34|£1,233.16|
|Grounds|
|- Garden & Clean|£3,081.20|£2,540.00|
|£3.081.20|£2,540.00|
|11|CHURCH|EXPENSES|
|Altar Expenses|£32.99|£340.35|
|Organ & music|£4,275.00|£2,705.00|
|12|MISCELLANEOUS EXPENSES|
|Sundries (Tea,|coffee,|etc)|£337.32|£306.48|
|CCLI|Copyright Licence etc|£297.86|£288.72|
|Fire equipment|£564.00|£548.40|
|Other|£2,513.87|£891.99|
|Software licences|£0.00|£3,193.79|
|——£3,213.05|—£5,229.38|
|13|MINISTRY TEAM EXPENSES|
|Misc expenses|£0.00|£0.00|
|£0.00|£0.00|
|14|ACTION GROUPS|
|Communication|£1,478.50|£0.00|
|Service|sheets/Adverts|£189.74|£201.98|
|~Copier|£1,158.35|£1,136.15|
|15|CHARITABLE|EXPENDITURE|
|Water Aid|£240.00|£240.00|
|Bishop's Lent Appeal|£130.00|£175.00|
|Aberlour|£100.00|£100.00|
|eSwatini|£0.00|£250.00|
|£470.00|£765.00|
|TOTAL EXPEND.|£76,350.06|TOTAL EXPEND.|£66,030.01|
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