St Saviour's Scottish Episcopal
Church, Bridge of Allan
Accounts for the year ended 30 September 2024
Registered charlty No: SC000392

St Saviour's Church, Bridge of Allan
Reference and adminlstrative inforniation
Reglstored Charity No: SC000392
Prlnclpal address
Sl S8viour's Church
Keir Street
Bndge of A118n
FK9 4AY
Websrte .' V•WW.sainl-s8viour.org
Charity Tru$t•es
(Vestry Members)
Offlcialg
Lay Roadérs
Bankers
Bank of Scotland
Slirtlng Port Street
PO Box 1000
8x2 1LB
Indep•ndent Examlner
CLEAR Services Ltd, The Old School House, 23 Ktno Street,
Doune, Perthshiie, FK16 6DN
121

St Saviour's Church, Bridge of Allan
Annual Report of the Members of the Vestry
Inlroduction
The Vestry is pleased lo present the annu81 accounts for St Saviour's Church for the year ended 30
September 2024. We are a coNJregalion of the Scollish Episcopal Church whose objective is to
advance the mission of the Chrislian Church through worship, 5ervlce and fellowship. We aim lo do
this through 5upporling exisling church membetB Ihrough worship and prayer gatheftngs and
encour8ging new members of all ages. The 8nnual ￿port and accounts presents a summ8ry of our
financial activrties duTing the year and gives an oveNiew of the gener81 activrties that have taken place
in our church In the p8St year.
Activltl•s and achievement$
In Mld-January 2024 our new rector,
serve the Ilnked charoes of Sl Savioui £ ali
look Ltp hls appointment lo
ocs.
oune. The two charges sh8re the related
costs. The Rector and his family live in St Saviour's Re¢tory. Sl Modoc'5 not havlng such
accommodation. Much uparading work on the rectory was ￿rried oul just before the new ffjeior look
up residence. Various further insulation and energy saving measures have been corn￿eted in the
cour3e of Ihls year, helped by grants from the Scottish Episcopal Church.
The arrN81 of the new rector after a tWO&year vacancy was a great boost lo the congregation. The
average number attending Sunday morning seNices has increased. To lake account of Ihe Reclor's
dual ￿SPonsIbl1rt1es, the lime of the Sunday moming service was moved from 10 to 11a.m. This has
on the whole been well received by the congreg8lion.
Worshlp Is supported by our two lay readers, and by members of the congregation who lake th
prayer5, read the lesson5 and welcome visitors. The choir has gained a new lease of life. On many
Sundays we benefll from the 181enls of a dedicated member of the cOng￿gation who plays the O￿an,
A muslc m8chine accomp8nies congregational singing when the organist is not avallable.
Youno Church Is supported weèkly by dedlcaled leaders. Attendance swells at Chrlslm85 and special
OCC8slons. The Young Adults group, run jointly with St Mary's Dunblane and Holy Tfinlly, Slirting, saw
an influx of new faces in the autumn, many of them OVOTse8s students from the student residence five
minltles from the church.
Collaboration with Bridge of Allan Parish Church has been 8 feature of the year. This included a Jolnt
tea sland al a village celebralion in June and 8 joint Harvest Festival service and lunch In SeFlember.
Outreach to the community has included an extensive leaflet drop in Ihe earfy autumn, 8nd the
in51rtution of Wednesday Welcome al the start of O￿ober. This offers free tea. coffee. soup and a Chat
in the church hall to all who wish lo take 8dv8nlage of it. The church garden is now advertised as
being open to the community. Part of tt has been replanled as s sensory gar(len.
W7ih the dedlc8ted efforts of the congregation, the church. church hall and grounds have been
extensively used for fun and fundraising activities, raising over £4.000 They included a bingo nigm.
two concerts, a car bool sale and a Bridge of Allan Open Gardens event. The funds raised have gone
to the church and in part lo charities, notably Slrathcarron Hospice. Soci81 aclivities org8nised by
Church members bul open to all now include a Carpet Bowls Group in addilioll lo the well-eslablished
Walking, Book and Gardenlng Groups.
131

St Saviour's Church, Bridge of Allan
Communication is enS￿￿d by quarterty mag8zine and 8 weekly pew slip which Is disp8tched lo the
congregation digitally on Friday while a paper Ve￿lOn is made available in church on Sunday,
Extensive use is also made of social media. particul8rfy Facebook and the church website, lo keep the
public infomed of activities.
Having taken tlme to get lo know the congregation, the rector, in collaboration with the Vestry, has
recenlly18unched o survey asking members lo reflect on the future of the ¢onGregalion. A five ye8r
plan is in preparation. This will lake account of the challenges faced by Ihe church, notably a
congregation which, though growing. is not gelllng any younger.
Finan¢0
One of the main concerns of the Trnslees has, as 81ways. b88n the financial position of the Church.
The p￿VIouS year had ended a significant surplu5, but this was18rgely due to the inlerregnuffl
when no sliwnd was pay8ble. In the year lo 30 September 2024, with the arrival of the new rector. it
was pald from January, Recruitment and remov81 costs partly offset savings from October 2023 until
his arrival. The year ended with 8 surplus of £6,533, Congreg8tion81 giving showed an Inc￿aSe of
13% and ao8ln the fund raislng team provided great support. The surplus was glso helped by the
ceipt of bltilding grant from the Episcopal church which. because of timing differences, exceeded the
rep8ifE and maintenance which were prlncipally d1￿cted lo the ￿Ctory. With many costs b8lng shared
with Sl Modoc's, the financial PTospec15 foi Ihe futur8 appear comfortable, bul the age of the
congregation, Inflation, and the burdens of energy and repalrs are current th￿ats.
Reserves
Sl Saviour's has unr8slrloted and reslrfcted reseN05. Unreslricled reserves can be spent on any
relevant activity.. reslrlcted ￿SerVeS can only be spenl on Ihe acllvlty for which they were given. The
18lt8r comprise fund5 for Music, the Drop In Cenlre,and for Flowers. 11 Is the Church's policy lo
maintain a reasonable level of un￿￿ricted reseNes lo protect 8gainsl 8ny potential downturns in th8
Church's income or unforeseen significant costs, so that the Church could maintain its actlvities for g
asonable period unlll replacement funding is obtained, They 8r8 also held to provKle a base for
further development of the Church's property and aclivrties.
In￿stMentS
Sl Saviour's Church makes monthly investments out of unreslricled funds. Shares are PLtr¢hased In
the Amity UK Fund, adminislered by Eden Tree Investment Management, a member of the
Ecclesiastical Insurance Group. The investment objective of the Fund is to provKJe long-lerm capital
appreciation and a ￿aSonable level ol income, which is re-invested In the fund. 11 seeks lo Invest in
companies that make a posilwe contribution to the quality of individual and communrty lrfe and to the
environment. The Fund invests principally in companies Inc0￿rated anwor listed in the United
Kingdom. The Fund seeks to 8void investment in Companies which have a materi81 invo￿¢Ment in
the production of alcohol and also avoids companies with material inlergsls in tobacco, gambling, the
production of magazlnes or other medla of an eX￿icit or violent natu￿, the manuf8Cturing of
armomenls, countries whlch threaten ihe IndiV￿￿al'S rHJhl lo liberty, and companies where animals
are experimented on for cosmetic purposes. The Church also holds units in the Scollish Episcopal
Church Unil Trust Pool I"SEC UTP.), admini51efed by 8aillie Gifford. The investment policy of the SEC
UTP, which accords with that of the Vestry, is lo eam a relum on the as5els, over the long lem.
sufficient al least lo maintain the re81 value of the distribution to unit holders. The SEC UTP has
developed an ethical investment policy. No inveslmenls will be made in companies that derive more
than 15% of their revenue from tobacco, gambling or amamenls. The majority of the SEC UTP is
invested in UK equities.
141

St Saviour's Church, Bridge of Allan
Structurn. govemance and management
St Saviour's is an unincorpor8ted association govemed by a constitution approved by the Bishop on
19 April 2011. As a member Cong￿gatiOn of the United Diocese of St Andrew5, Dunkeld and
Dunblane in Ihe Scottish Episcopal ChuTch, it Is also governed by the Canon Law of Ihe Scottish
Episcopal Church. The management te8m of the Chufch is known as the Vestry. For the purposes of
charitie5 law, the members of Ihe Vestry are the Charily Truslees of the Church. Delalls of the
Trustees are given on page 2. Ordinary Vestry rnernbe￿ a￿ olecled by the ConQ￿gatIOn 81 an
Annual Meeting. Vestry Membe￿ usually serve for 8 term of 3 years. The Rector is ex-offlcio 8
member of the Vestry. The Lay Represenlalive and Alternate Ilisled on page 2), elecled 8nnually by
the cong￿98{10n, are ex-officio members of the Vestry. The Vestry Secrelary, when necess8ry,
updales members of the Vestry on relevanl changes In leolslallon and best practlce ￿lating lo
charities.
Vestry re$ponslblllti•s
The Vestry is responsibl8 for m8n8ging and safeguarding th8 8ssels of the church and assists the
Rector in matters affecting the spiritual welfare of the congregation. It is also ￿sponSible for ke8plng
proper 8¢counting records and ensuring that the Accounts are prepa￿d in accordance with the lemis
of the Charities and Trustee Investment IS¢ollandl Act 2005 and the Charities Accounts (Scotlandl
Regulatsons 2006. The Vestry regulady conslders the risks faced by St Savlour's and ensures that
appropnale risk management procedures are in place lo mrtig8le those rlsks.
R•lation$hip with the Dloceu and Provlnce
Sl S8viour's is SUPPOrted by the Dioc85e and the Province through Ihe pastor81 oversight of Ihe
Bishop, central support funcllons provlded al Dlocesan level and occasionally grants from central
funds. The Church is represented at Diocesan lèvel by Ihe Reclor and the Lay Represen18tiv8. As 8
member of the SEC, Sl Saviour's has an obllgation lo contribute lo the ¢osts ol the Diocese and the
Province through payment of an annual 'quota'. Thls amount is based on the ￿latIve level of income
of the ch￿￿h In ¢omp8rlson wllh that of ¢Xher churches In the Dlocese and Province.
Con¢lu8lon
The Trnstees would like to thank all those who contribute their Ilme, energy and money so generously
lo ensure the conlinualion and development of St Saviour's as a Cent￿ of worship and a focus for the
communlty.
On behalf of the Tru$te85
Dal8'.
Vestry Secretary
151

St Saviour's Church, Bridge of Allan
Independent Examiner's Report to the Vestry Members of St Saviour's
Episcopal Church
I ￿POrt on the accounts of th8 charily for th8 year ended 30 September 2024. whloh a￿ sel out on
pages7to 11.
Respective reBpon$lbllltlo8 of tru$tse and examiner
The ch8rity's trustees are responsible for the p￿paratiOn of the ac￿untS In accordance wllh the t8￿S
of th8 Charities and Trustee Investment {Scolland) Act 2005 and the Charities Accounts {Scollandl
Regulations 2008.
The cttarlty InJst885 consider that the audli requirement of Regulation 10{1)Idl of the Accounts
Regulations does not 8pply. It is my ￿SponSIbl¢llY lo examine the accounts as required under section
4411}Ic) of the Act and lo state whether particular matters have come to my attention.
Ba•ls of Inde￿ndent exarnlnerfs st4t•mfjnt
My examinalion is carried out in aCCOTd8nce wllh Regulallon 11 of the Ch8rttles Accounts (Scotland)
Regulallons 2008. An examin81ion Includes 8 revlew of the accounting records kept by Ihe charity
8nd a comp8rison of the accounts p￿sented with those records. 118lso includes consideralion of any
unusual rtems or dIsclosu￿S In the accounts, and seeks explanations from the Iruslees ooncernlng
any such m8lters. The procedures undertaken do nol provide all the evidence that would be required
in an audit, 8nd consequently I do not express an audit opinion on the view glven by the accounts.
Indepandent oxarnlner's statement
In the course of my 8xAminaiion. no m8tter has come to my attention..
whlch glves me ￿8$On8ble c8U5e lo belleve that in any mateAal respect the requirements..
lo keep accounting recor(Is in acco￿anCe wilh sectlon 44{1){a) of the 2005 Act 8nd
Regulation 4 of the 2008 Accounts Regulations, and
b. lo prepare 8ccounls which 8CCOTd wlth the 8(%ounting records and comply wlth
Regulallon 9 of the 2006 Accounts Regulations,
have not been mel, OT
2. to which, in rny opinion, 8ttentlon should be drawn in order to enable 8 proper Unde￿andIng
of the accounts lo be reached.
CLEAR Services Ltd.
23 King st￿et
Doune
Perthshire
FK16 6DN

St Saviour's Church, Bridge of Allan
Receipt$ and payments a¢cl￿nt for the year to
10 Septsmber 2024- Noto 1
, nr•itwlot•d R••tri¢t•d Totd Funds
JI an¥yJnts In £
Not•s
2023
R•o•lpt•
Dc￿a
Lwies
63,639"
,275
82.173
roceNed
R&wpts from fijnd r8ising ￿ti¥ty
R&￿pts from nvestmwrt5 Other than l¥mtJ
10,7
10,750
4.014
14,204
5,3&S
4,014
R￿1 frcffi l￿d buiKYn
520
Proceeits from sale of investments
Totsl r•o•lpts
81,823
P￿rnents rd*'ng to ch¥rt*1￿ ¥b'wb'8s
ts donab'ons from Ch￿t￿le &￿.85
G￿m￿O Costs
Pwchase ol￿vestments
55,S27
17.550
73,377
42.395
1,133
300
300
¥12
350
sco
07,739
17,660
75,289
surplui Id•ffldt for th• s•ar
10.698
4104
39,208
171

St Saviour's Church, Bridge of Allan
ststement of balances as at 30 September 2024
Al 4nY>unts In £
Not•s unr•st1¢t￿ R•strfct•d
Totsl Funds
2023
C*sh at bank and In h￿d
Baa)ce * beginning of ye
SurFAus I deficrt for the year
Tr￿SIer from UnrestrKlerl funts
Totsl ¢Mh fvnds at ond ofp4r
143,488
10,698
152,902
101,284
131,6541
14,1641
52,9)2
17,084
111,834
6,534
39,209
118,308
Inv•8tThYtnts (SEC UTP & Ed•nTMelEo2hsla•¥¢AII
Market value at beginnino ol year
Adol'ts'ons atcost
Disposa proceeds
Lknrea18ed gan I110&81 in Ihe ye
Miik•t vilu• At•nd of 5•4r
16,965
600
16,￿5
6(MJ
15,731
1,831
19.396
1,831
19,398
16.865
Fund bAlanc•s (cash Inv••tThnts r•Lgln•d}
Al beginning olyear
Surplus I defLrt for the ye
Vovemenl in Inve8tments
vernenl be￿een fvnd8
•nd o15•4r
160.453
10,698
2,431
152.9021
120,880
131,6541
14,1641
128.799
6,S34
2,431
88,357
39,208
1,234
S2,￿2
17,084
137.764
128,799
¢Jh•i •wt• and Ill￿1￿1•1. for Inft*mi*#•n only
Uncl•fft*l t•x bKk on 4¥lt •lS
Ll*blllii
Qtrt8f•Trltsig¢h•4u•s In¥rl¢•s rt¢•J%•d•tJwr•nd
5791
4,893
1,471,
On behalf of the Trustees
Treasurer

St Saviour's Church, Bridge of Allan
Notes to the Accounts
1. Accounting policies
Basis of Preparation
The accounts have been prepared on a ￿ceIptS and payments basis. They consist of a surnmary
of all monies received and paid via the bank and in cash by the church during Ihe financial year,
along with a slalement of balances. No adjuslments have been made for any income due but not
received, nor for any expenses incurred bul not yel paid al the year end. Except for investments,
fixed as5e15 are not capitalised.
Restricted Funds
The reslrlcted fund balance ￿preSentS amounts donated lo the church for specific purposes.
During the year the restricted income induded grants towards fabnc improvements and for
Drop-in Centre and donations towards Fabric. Music. and Flowers. With Fabric expenditure
exceeding the Fabric Fund, the opportunity has been taken to transfer unrestricled funds lo
F8bric.
R••lrl¢ttsd Fund•
Opnlng
b¥lan¢¢
11058851
s24￿2
10515
545
7409
35015
R•e•lpts
122368
1524021
2U25
Po￿￿￿
Clo#lng
balance
Fabric fund
Legacy fund
Music fund
Fbwttr fvnd
Drop
16483
278
122S2
545
4277
17084
312
72303
3443
)204
Total
Church Buildings
No valuè is shown for the church, hall and rectory fmjlldlngs In the statement of balances.
2. Donations
2024
2023
Unr•itrl¢t•d don1￿OnI
Congiegat'onal gmng
L)ftAd
For use of tt41 a)d church
For special events seNce8
lAscell￿e￿s in¢ome
51,339
10,777
520
5,537
45,208
11,365
1,359
6,161
156
68,173
R•strl¢l•d d¢nation
Flower fvnd (including Qft Adl
Jsrc Fund linclud'ng &'ft AJ"d & G4SOSI
FabriG fwd lincluthng GrftAd & G4SDSI
Orop In d￿ab.[￿S
125
2,425
1.698
391
611
015*Kh. GifftA￿ & GASDS
473
191

St Saviour's Church, Bridge of Allan
3. Grants Recelved
Grant¥ lindudlng non4abrb¢ grantsl
2024
2023
SEC Bu1￿1ng grant Isharal
Grants for Drop h
10,750
2,704
10,760
14,204
4. Payments relating to Charitable Activities
2024
2023
unl••￿¢t*d
Rectors emdument$1shwel
Travel other rwmbursed expenses Ishw•l
Traning
Council ts¥ Isharel
Rèpairs & mainlenarKe Ishwel
Gas. declncty wotor
l￿wan¢•
Quota
Wor6hp relknd costs
Young church
Print & Communi¢otson ¢¢6ts
Alminpstration costs
18,171
245
118
1,#7
70
S,7
6,039
3,786
9,551
2,189
8,778
3,780
10,492
1,192
1,179
4,003
$5.827
R••trfct•d
Flower fund
sic fvnd
Leg&y fund
Fthc fund lsharel
Drop I
578
163
16,483
491
17,560
12,629
13,915
Receipts and Payments- St Modoc's Episcopal Church, Dou
Grants Received and Un￿$tri[￿ed Payments are shown net of the agreed contributions tolreceived
from Sl Modoc'5 Doune as part of the linkage agreement between the two Churches.
6. Trnnsfers belween Funds
Rental costs were ch8rged lo the Dropln cent￿ for the use of the Church H811 over a 6 month
period in the year. as provided for In the funding lor this project.
iioi

St Saviour's Church, Bridge of Allan
Donations for Charitable Purposes
2024
2023
Charitabl• Donaloni
Strathcarron Ft)spKe
Green RoLrt8s
Frionds ol Bridgè of Alan
Olhèr
570
725
1c6
stsrt-up Sb"rlirrtJ
Stratrcarron Hosp￿•
sb.rliw Street Pastors
Lilkqs Graham Tr￿1
SBlvab'on ￿rnY
Oth•r Coll•￿0￿8
DEC Turkeylsria Eathqu8ke
312
114
122
470
962
1,133
Investments
11 is Ihe pollcy of the Vestry lo build reserves by investing regularfy in Edenlree Inveslmenls. In
the year lo 30 September 2023 the Investment company ceased debitino our account while
clan'fying compliance wllh money launderfno requirements. Investment now continues al £80 per
month.
Remuneratlon and Expenses pald to Trustees
Four Truslees wer8 reimbursed for essential expenses incurred on behaff of St Saviou¢s
Church during the year. None of the Trustees rec8ived any remuneration relating to their
position as trustees.
iiii