Charlty numb¢r; SC000749 ST. LUKES EPISCOPAL CHURCH: GLENROTHES TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
ST. LUKES EPISCOPAL CHURCH: GLENROTHES CONTENTS Page Reference and admlnistrative details of thg Charity, its Trustees and advisers Trustee5' report Independènt examiner's rèport statement ol financlal actlvltles 2-10 13 Balance sheet 14 Notes to th• finaneial stat&mènts 15-29 The fdlowing pages do not form part ol the statutory financial slalements.. Charity Detailed income and expenditure account and summaries
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES REFERENCE AhJD ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees Charity registered numbor SC000749 Prlnclpal office Sl. Lukes Episcopal Church Ninian Quadrant Glenrothes KY7 4HP Child Protectlon and Vulnerable Adult R*pre5entative Glt Ald Cowordinator Paying Officer ARernate Lay Rgpr9sonlativ• Page 1
ST. LUKES EPISCOPAL CHURCH: GLENROTHE8 TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 V•stry R•$pon$ibilltl•$: Governance, Accountlng and Charfty Matters Sl. Luke's Scottish Episcopal Church is a charity in Scotland, entered on the Scottish Charity Registèr and regulated by the Scottish Charity Regulator. OSCR. This eanS that thè COnggation is subject to the lull prowsions ol the Charities and Twstee Investment Iscotlandl Act 2005 the same way as any other charity. The church uses the legal fomi or structure, unincorporated association, and ha5 a constitution la governing do¢umentl. Our Clergy and Vestry lead and manage the work, aclivrties. and projects of the church. Vesty mernbers are the people who have'general control and management of the administration of the charity,, and for the purposes of the 2005 Act, fulfil the role of -ch8rity trust88s" All charity Iruslees h8ve legal duties and r8SPDnsibilitiès undar tha 21)05 Act. The Vestry musl all make sur8, a5 a team, that the church is run properfy, responsibly. and lawtully. All veslry members are provided with a wy of The Scottish Episcopal Church guidance note regaIng the promsions of the Act,. and confirm their eligibility to act by Signing a declaration. The not& and deGlar8tion arè available frDm the SEC website. The Vestry is elected at the Annual Meeting of the Charge. This includes the election of the Lay Repr@seniatlVO and the Alternate Lay Representative. Other Offi bearers are normally appointed by thè Vestry and normally include the Secretary, Treasurer. Paying Officer, Gift Aid CTrordinator, Propaty Conv8n8r and Proteciion of Vulnerable Groups IPVGI Ci>ordinator. Vesty is guSdgd principalty by.. The Code of Canons of the Scottish Episcopal Church, particulady Canons 35 & 60 The Digest of Resolutions of the General Synod The Constitution of the Charge Th8 Charitigs and Trustee Investment Iscoltandl Act Due to the size Df Church's incom8 for the accounting period to September 2020, the church stBrted preparing the financial statements on an accruals basis.. About the Charity St Luke the Evangelist, Scoltish Episcopal Church, is known by the name St. Luke's. and 15 situated in the Auchmuly area ol Glenrolhes, Fife, within the Diocese of Sl. Andrews, Dunkèld, and Dunblanè of th8 ScDttish Episcopal Church, and part of the world-wide Anglican Comrnunion. Our congregation compri58s a hopeful, deeply ¢ommtitèd And diversa group of about thirty, drawn frorn the town of Glonrolhos. and further afield,. and our ChLtrch is a place of worship, fellowship, shared faith, mission and (xjtreach, and growth. St. Luke's charitable Purpose is the advancement of religion. We aspire to grow wam) relationships of mutual resp8Ct and lo transform our community through laith shared in words and acbons. St. Luk8's worships éach Sunday and Tuesday mornin9 and is open lo the publK for prayer and reflection throughout the week. There a also activities such as small group study and retreats helping people to understand and pradise their beliefs. Sl. Luke's welcornes everyone and is a'Registered Inclusive Chur¢h,' Inclusivè Church is a netsrk of churches, groups and individuals uniting together aroLsnd a shared vislon. Page 2
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Vestry Responslbllitles: Govornan¢o, A¢¢ounting and Charlty Matters {contlnu8d) Th9 Incluslve Church Statement 'We believe in inclusive chur¢h- a church which celebrdles and affirms every person and does not dlscdminatè. We will continue to Challengo the church where il continues to discriminate against pgople on grounds of disability, economic power, ethniGty. gender, gender identity, learning disability. menlal health. neurodivfjtSity. or sexuality. We believe in a Church which w8lcom8s and sèrves 811 people in th& name of Jesus Christ,. which Is scrlpluralty failhful,. which seeks lo proclaim the Gospel afrèsh for each generation- and which. in the powar of th8 Holy SpillL allows all people lo grasp how wide and long and high and deep is the love ol Jesus Christ.. Tha chur¢h also runs a people-led commLsnily project-'Luk8's Lardel- providing attractive and welcoming facilities op8n to thè public for a¢tNttitts including communal èating and making use of shared interests and skills. Our doors arg also open lo communbty groups and charib'es working Tmth people ancl witIn our community. We warmly invite you lo join us as we travel on a journey of 5piribjalily. Achlevements and Perfomian¢e Over the Past Year The Vestry met formally three times over the past year18x¢luding the AGM on Sunday 4 February 20241 and few timos informolty vrfhen dgcisions werg required as a matter of urgency. Vestry roubnely reviews and plans around the following areas.. Mission S8feguarding I Child ProleGtion l Health and Safety FelEowship Discipleship I Worship Stewardship Ithe Treasur8ff s report and accounts rers, and of any investment valuations) Facilitie5 (care, maintenance, and security of the Church's property) Admini$trtttK)n. and r&3ponds to any matters arising includin9 any ConffiGI of Interest. Central Flfe Centre of Mission The Central Rfe Centre of Mlsslon (COMI Is a partnership with St Finnlan's, LChge1Iy. the Diocese of St Andr&ws, Dunkeld and Dunblane,. and Church Army ICAI who's vision is. for everyone lo encounter GCKI'S lov6 and ba empowered lo transform their communities through faith in word$ and actions." The first Memorandum of Agreamanl {MoA) concluded April 2023 together with financial conlribLJtions from Church Army. In May 2023, a 14-page drafl report was shared with the vestries of Sl. Luke's and St. Finnian's- the purpose of the report to reVW the Com's irnpa¢l and 8ffecliv&ness in its first three years and prowde recomm8ndations on ils future development. Whilst impact in terms of stmng the lo1 community was described as 'quilg impressive;, rea¢hing people for Christ was descrrbed as 'proving to be 8 slow process.. In M8rch 2024,metwIth and irecior of Mlssion OperalSon$ al Church Army UK & Ireland lo dlsCUSS the development ol Ihe CONI in Centr81 Fife. Al this time, we leamed that the IMOAI is undergoing revisions lo incorporate changes sl8mmlng from a newly signe¢J high-levd MOA btheen The Scottish Episcopal Church ISECI and Church Army (CAI. Once consensus is reached beeen the diocese and Church Army on these issues, discussions will ensue with the vestries regarding the locally tErtinent aspects of the MOA. Page 3
ST. LUKES EPISCOPAL CHURCH.. GLENROT14ES TRUSTEES, REPORT IGONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢hl¢vem•rtts and Performance Over the Past Yoar (continugdl Without going into eKcessivè details, it can b8 said that over the pa51 year. and with no revised MOA in pEace nor Pioneer Evangeli51 aprolnled, our'doing evangelism, remains centr8d on k>ving service wthin arKJ for our mmunity. - if necessary, usè Words.. remalns on the board of TIu51ees ofYMCA Glgnrolhes which meets live limes eaGh y@ar and is merri,Jer ol th8 Fife Communities Climate AGbon Network IFCCANI and File Clim8le Hub. S¢hool links continued to evolve wlh all our local schools.. Warout Primary (Fischy music team, RME SLJPPOrt and age- appropriate assemblies), John Fargus School lopportunib.es for RME curri¢ulLJm and Chaplaincyl, Thomlon Prirnary (Seasons for Growthl and Auchmuty High School Isèasons for Growth and Develokm'ng Chaplalncyl. is a memb¢r of General Synod and si15 on the Fath and Order Board alongside the Inter-Faith ions Committee. He has been collaborating with of the Edinburgh Hebr&w congregation on discussions regarding the Jewsh-chrislian glossary. ils on the DiSan Environmental Group and St. Luke's is a member of File Communities Cliale ion etwork IFCCANI. We are collaborating with Local En@rgy Scotland and the Prowncial Environmental Group, 88 we plan ourjourney towards Net Zaro, lo identify and navigate funding. Faith & Fellowship Worship is the publiG player of the Church," and our small congregatlOEi 9alhetS together each Sunday for Holy Communion, and we continLJe our tradition of weekday worship on a Tuesday. Other service5 offered on a Sunday indude Evensong- a service that Provides a restful, poacoful and contgmplalive titne (about 30 to 45 mlnute81 at the even point of the day, between the end of the working day and nighl-tirnÈ', and Modèrn Praise- a service framed around tackling speciflc exclusion issuas and using contemporary hymns, musi¢ and song that briThJ new expressions to Iiaditional faith. God doesn't want us to be isolated from other believers. and wg 8m open to nVerSatIOnS and questions Ihat enmur8gè and SLJPPOrt us lo make oh8nges that ensurè Dur worship can be a timè of celebration, reflection and togelhemess for everyone. Our community is not Ilmited by geography. Our investment in church audio visual equipment allows us to gather and worship from various locations, from Fife to 8olton. We have also developed a useful habit of using our LED displays to display live subliJes giving opportunilies for those with languaJe differences ID shar8 in worship and fellowship. The Christian Calendar is divided up by fesbvals and seasons; and we started with the conduslon of The Season of CreatlDn with Thanksgiving for Harvest18 O¢toberl. This was followed by the feast of Luke th$ Evangelist (22 October). Next, we joined our friends at Sl. Finnian's, Lochgelly for our first joint service of the year129 October). After this gathoring w8 had fellowship with one another {1 John 1.'71'. we shargd a nioal, sp8nt lim8 together 8nd offered support lo one another. On Thursda 16 November we held a Holy Communion setviGe for the least of Margaret ol Scotland, 1093. This wa5 led by also the date of his Anniversary ol Ordination. We then returned to St. Finnian'8 for a Holy Communion Service on Thursday 30 Novembor for the least of Andrew, Apostle, Patron ol Scotiand. Our worship servic9s during the 2023 Advènt & Christmas season included Chdslmas Carols and Lessons. Evensong. Longest night, ChTistingle, and Modem Praise. On 25 Decemb8r, in partnership with St. Columba's Church In¢)w part ol Hèart of File Parish Church) and Fife Intensive Rehabilitation substan use Team IFIRSTI,. and with funding by File Coun1 (local planning budgatl and rasources Ifoodl supplied by Kettle Produ¢e Ltd. Balmalcom and Morrisons. Glenrolhes Icommunlty Champlonl we opened our doors on Christmas Day lor pgopla and families lo come and get a Christhias meal In 0d Gotnpany. Paoe 4
ST. LUKES EPISCOPAL CHURCH: GLENROTHES TRUSTEES, REPORT ICONTINUEI)) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢hiev*ments and Ptrfomance Over the Past Year l¢¢ntinuedl A service for Church Unity Week was held on Sunday 21 January in St Luke's., and then on the fifth Sunday, as is tradilton, we participated in a joint service wlh St. Finnian's. We 8hai8d a m8al at Sl. Luke's and the experience8 we gnjoy- comfort, encouragement, lend8mess, and cornpa$sion. Ash Wedn8sday114 F8bTuaryl marked the beginning of lent. During this season we a150 look part in World Day of Prayer11 Mar¢hl 8t st Patrick's RC church. Lochgelly lam) & later in the day at Sl Luke's. The Wodd Day of Prayer is an intematsonal, ecumeni¢al. prayer movement initiated and carried foiward by Christian women in more than 180 CoUntrS and over one thousand languages. The needs of the worfd, and of the writing country in particular, are brought before Mmighty GOD knowlng that will haar and anSr us, as wa pray in the nam8 ol Jésus Christ, our LORD and S8viour. There werg SgtVlG&5 and aGtivities thToughout Holy WeBk (24- 30 March) from an Ecumeniral service at Mgrkin¢h Pari3h Church on Palm Sunday entitled 'Women of Holy Week124 Maychl. Ecumenical SlalM)ns of the Cross (hosted at Sl. Luke's, 27 hAarchl, Glenrolhes Ecumenical Walk of Witness129 March) lo the vigil of Easter and Easter moming services (including a service on Falkland Hill), concluding wth Evènsong end Morlern Praise. We latèr celebrated Ascenslon Day with a Holy Communlon seCe al Sl. Flnnlan's. Lochgelly 19 May). Christian Aid week 2024 was scheduled for May 12-18- 7 days lo make a difference. Sl. Luke's host9d Christian Aid quiz on May 17 which was very well supported by our local ecumenical community. Sadl 'we1081 several loved lon staT7dln , and faithful Thernbe of our communl Ihls ar and On Sunday 14 July, 14-year-old came for b8Pti%m In St. Luke's. This was an incredibly exciting and special Ilme in our church., and we pray: 'Heavenly Father, give the strength and Gourage lo embra this new Ghapter in her spiritual joumey. Hèlp her to stand fimi in her faith and trust in Your plan for h$r lrfè. Am9n. Havlng been granlad Permission to Officlats within the Diocesg of EUrOp8,waS appolnled lo Holy Cross, Palermo, Sicily in September, in his ministry as a locum priesl. Holy Cross is a diverse. warm. and generous congregation who bring light and love to those around them, making thi8 first experience as k)cum priest one of happiness, renewal. and grace. Holy Cross is Mthout a permanent priest at this time, and we keep them in our prayers. For l Know the Plans l Havo for You (Jerernlah 29.111 Our pwpla and communlty projact Our project helps people conn8ct more with 8ach other in indusive community spaces. On October 6, we hosted ourThursday Youth Group's (Glenrothes AssocAation Spectal Needs Youth Club) 40-year anniversary concert featuring Aberdour Pipe Band and Glenrolhes Ro¢k Choir. This was a wonderful and unforgettable moment in tlme, and we feel honoured to b8 a small part of thelr story. We al80 Cglebroted Iris's l¢ommunity memb&r} 95th birthday with ¢ake and song117 Octobgr). National Lottery fundlng for our 3-ye2r'Peace & Jam, communlty project ended on 30 November 2023 wllh an underspend of £8.919.95. Just prior. wilh vestries full support, and having met 1th Coffle Storm FutKliry orfi¢6r Central Scollend, we submilled a National Lollery Community Fund application lo continue lo run our community hub and activities - wlh a newly litled'Luke's Larder, prLiect stsrt date of April 2, 2024. It was agreed we could use the underspend to continue to pay staff wagesl salaries 8nd so there w88 no interruption 10 aclivibes. Pag9 5
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achiovomonts and Perlormanco Over tho Past Yoar Icontinuod) Our Communities Mental Health & Wellbeing Fund, Year 2 grant award1£9,285) then ended on 14 December 2024. Thp Fund is managed in Fife by Frfe Voluntary AGlion IFVAI, with support from local stalulory partners. The grant awarded was used to enhance our social eatg aclivtknes and the required reportlsl provided lo FVA. Our actiwties remain rooted in giving p8opl8, groups, and charities access to our inclusive spacès, helping paople participat8 in shared activities, collaborating with our community to ensure all voices are heard and growing connections with projects and activity working at a small scale, grass rools, community level. Throughout the year eight charits'es or projects regularly hired space lo deliver forms of activity, support, and inlervenlion lo benefit whole communities andlor community groups, in tum making a positive difference to the lives of indiwduals. Wg dellvered and evolved our communlty focrty acllvllles supportlng wellbeing, locally known as 'Bile & a Blelh8rf & Community mèal Iregulady sharing a rnaal with other51. Thésé activities attraGt a wde mix of people, from O 10 95 years, resulting in lasting land unexpectedl Iriendships and connect40ns, including Ted. cornrnunily singer. "Do not forget to show hospitality to strangers. for by so doing some people have shown hospitality to angels Ydithout knowlng It., (Hebrews 13'.21 Our Community Pantry and Fridga is a subsidised membershipbased rnitiative tackling Imd poverty and food waste. In mid-April 2024, our 1-ysar National Lottgry Cost of Living grant anded. Al that time, in consultation (survey) with members, we increased the membership to £3.5Q. This suppotls our work FareShare- who redislribule surplus foK)d lo charrtie5- and other local stores. We also received pantry ilems from St. Marls, Leslie (Parish of St. Mary Magdalenel, Morrisons & their customers (Pick up paGksl, Baynes'5 bakers. Marks & Spencer, Indusion A-te8m, Kirk¢oldy, Ftfe College. and Tatb"es to Tables. We rely on donations. And we are grateful to everyone who donates money and items to us and who take part In our fundraising actiVTties. lrn the past year, we received several individual monetary donations from people. supporter5, and groups in our community- Glenrothes Probus Club, Leslie & District Nursing Association and Local Communty Planning Budget (Fife Council) awards. We also ie¢eived winter knits and clothing from G16nrolhès Probus Club and hosted Fc)odshack File, a community group, supporbng thè people and families of Fif8. Ouf cornmunity Iwj on and held a number of events inclu(ling a Community Craft Fayre130 November), a Sl. Andrews Day 5upper11 December), a Burns Supper & a Blether {24 January), an Easter raffle, a Bingo Tea and foDd and drink quiz. A special mention must go to Aileen lour Pr()ject Coordinator IActivities and Volunteers) who led on a fLJndr8ising idèa lik8 no other- a charity nHJht 8t Styx. Kith¢aldy featuring The Gossip Girls- raising an oulslanding £1.905 for our cornmunily Our cornmunity is open, stIl81, and Dulmard Iwking. VVhe•dcommunity mernberl electric wheelchair failed, others supported him and pushed his manual chair back and forth. And then coincidences started to happen. The first was 8 Facebook post by Ea51 Neuk-based charity. Ihe Craw's Nest Trusl, who r21se fund5 and donate powered and manual wheelchairs lo people. Knowing the difference nobility makes to life, we nominated hirn lo the charity and were blessed to get him a chair. However, we had to work out a plan for ¢olle¢tion. And Ihal is when the next ¢oin¢iden¢e 0¢rred. On$ Thursday, we had a mountain ol leafy greens left Over and not wanting them to go to wastg, reachad out to Guinea Grove (caras lor guinea pigs). These greens were collected by Piers in a shiny new van. and after he heard our story, agreBd to collect Ihe chair along with On August 2. our community said thank you lo the Craw's Nest Trust and held a Bingo & Blether fundraiser raising £230 which was matched by the congregation ol Si. Luke'5. We wer thrilled when one of the main forces b8hind the appeal, visited our cornmunily project a f8w weeks latgr, m&t and rè¢eived our donation of £460. We were also part of the annu81 Macmillan Cancer Support Coff88 Morning, hosting an 9v8nt and pawng in our Oonab'ons and bake sale ftjnds of £106.80 to halp tham conlinuè to support peoye affected by cancèr. Page 6
ST. LUKES EPISCOPAL CHURCH: GLENROTHES TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achlevements and Performance Over the Past Year (contlnuedl Volunteerirjg opportunities are btra part of what wo do. For one such young m8n. this evolved into employment as a Team Member with our proje¢l. And we were thrilled when he was awarded a silver award in the Health and Disabilf(y category al the File Business Diversity Awards {5 Dacemberl. Alongsida we have thraé dadic8tèd ampIOè8 and thirteen enthusiastic voluntgers (with many others flexibly giving time and support). A t8am mèèling provid&s a weekly spacè for our team to comè togethèr, Sha and p18n. Shared interests Gontinue lo thrive and make a positive difference. Our Games & Toast activity 1. Cards & Crafts and 3Rs Craft bring people together to share stories, experiences, and skills. Our adors have amazing chat. craft and making $kills, and arè 9n¢ouraglng, patlènt and anthusi8Sti¢. They glve MO than a few hours of their lime, running we8kly sessions helping others to keep active and social. Finally, our'zero Waste, initrdlive 15 much toved and used by all who spend time in our spaces. From books to jig88W3 and fashion to furnishings- buying and wasting less help lo reduce our carbon footprint., and all donations go back into our projo¢1. st. Luk8'5 Partnerlng SL Luke's joumey with local individuals, community groups and charities, providing them with use of our church building including our community kilchen-'The Coulhy, and social hub lflexible community spacel-'The Gathering Hall, The S¢ull&rl (small ktichenl and 'The Haiver, Imeeling room). Fife Intensive Rehabilitation Substance use Team (FIRST) Provides a community-based rehabiliiation service to individu81s in Frfe with dwg or a1h01 issuès. Rostoration Flf• A so¢i81 activities community Organisation for people in recovery from dTug and alcohol us&. Thursday Youth Gn>up A social activities community group for indiwduals wfth additional support needs. Support In Mlnd Scotland Seeks to support and empower all those affected by mental Ulness. 3Rs Crafts A craft & Social actrvilies communty group for individu315 experiencing loneliness & isolation. Cards & Crafts A oraft & social actiwiies community group. Ktnship T¢am, Fif& Council A safa space for Kinship Carars to dSscuss Issues aff&cting them with other carers in theSr Irxal aws. John Fergus School Parentlcarer Group The Mindful PartneTyhip A charity delivering training In Mindfulness and Solf-compassion based practices, which irtludos various movement practices. Scott5sh Recov•ry Consortlum Supports, represents. and connects Tecovery acrgss Scotland. Page 7
ST. LUKES EPISCOPAL CHURCH: GLENROTHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achiovefflents and Performance Over tho Past Yèar (contlnuedl Various other communty-based support groups use the hall andlor haiver from time lo lime andlor support our project Fife Council Waroul Primary School YMCA Glenrothes- the Y Fife Communities Climate A¢Uon Network Sl kndrew5 Environmental Network - Cosy Kingdom Cllr Dèrak Noble Auchmuty High School Fil@ Centre for Equalities Glenrolhes Men's Shed Planning Aid Scouand IPAS) Fife Health and Social Care parts)ership- The Well John Fergus School Foodshack File Frfè Climate Hub Local Energy Scotland Glenrolhes Probus Club The Fudge Man (Andy & Louise) St Marls. Lèslia (Parish of st.mary Magdalene) Lèslie & District Nursing Association Morrisons- Community Champion Baynes the Family Bakers M&S F8reShare Tatties to Tables Financial Review Funding over 202&24 was in the forni of grants from The National Lottery Community Fund, SGotlish Episcopal Church (Diocesel and the Local Community Planning Budget (Fi18 Councill togèther with funds raised though room hire, donations and fvndraising events & actNilies. Vestry also approved the sale of 614 units Ibook value of £3,466.97) from 48G016 St Luke- Clara Bond Fund lo r8alise £18,000 for Stind. This was credit@d directly to the Central Fife Team Ministry bank acGount on 12 June 2024. An administration lee of £45.09 was levied. Tha financial slalemenls show £51,53512023- £42,179} unreslricled funds, of whid) £18.65312023- £15,054) are designated. Reslricled funds total Q78,2801202& £256,325) and andowments funds of £36,88312023- £32.0061 Page 8
ST. LUKES EPISCOPAL CHURCH: GLENROTHES TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Resetves Pollcy At the present time, th9 trustfes ¢onsider th* the balan¢9 ol unrostrictèd funds will ba sutFiciènt to continue tha level ol actimbes for 2024-2025. As the running costs of the Church increase, the trustees will develop 8 reserves policy and ensurg that a sullicienl balance of reserves 15 maintained. Plans for the future period For the ar 202&2025, we remain trusting in God's plan for us. We know that God chooses his people as his instruments and perfomis his wonders where one would least expect them. We thank God for all we receive.. the opportunities lo go make a difference, touch a hearL encourag8 a mlnd, inspire a soul, and enjoy the day. Every day is a new beginning. Take a deep b8th and stsrt again. Amen. Page 9
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Statement of Trustogs. rosponsibilitlos The Trustees are sponsible for preparing the Trustee5' report and the ffinancial slalemenls in accordance wrth applicable law and Uniied Kingdotn AGGOUnting Standards (United Kingdom Geneffjlly Accepted A¢counting Practi1. Trustee5 are quired to pr8pare financial statements for each fi'nancial year. Trustees rnust not approve the financral slatsments unless they arg satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming reSoUrS and application of resources, including its inoL)me ar expenditure. for (hal perK?d. In preparing these financial slalements, the Trustees are required lo.. select suitable accounliro policTes and then applythem ¢onsistènlly, observe th8 methths and prin¢iples of the Ch8ritigS SORP IFRS 1021.. make judgmenis and accounting ostimales Ihat are reasonable and prudenl., state whether applicablè UK Accounting Standards {FRS 1021 have béan followad, subjact to any material departures disclosed and explained in the financial stalemenls; prepare the financial slalemenls on the going concem basis unless it is inappropriate lo presume that the COrnP8ny will ¢onlinue in business. The Trust¢es are responsible lor keeping adequate acc£)unting cOrdS that are sufficient to show and explain the charity's Iransactions and disclose with reasonable accuracy al any lime the financial position of the charity and gnable them to 8nsure that the financial stalgmenls comply with the Charilies and Trustee Investment (Scollandl Acl 2Q05 and the Charities Accounts (Scollandl Regulation5 2006 las amended). They are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the prsvelltiO and detectyon of fraud and other irregularities. Ind•pgndgnt Examination steven Todd CA of EQ Accountants mited was re-appointed as Independent Examkner during the year. Approved by order of the members of the board ol Trus$ and signed on their behalf by.. Page 10
ST. LUKES EPISCOPAL CHURCH: GLENROTHES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Independent Oxamlner's report to the Trustees of St. Lukes Eplscopal Chureh= Glenrothes I report on the accounts of the charity for the year ended 30 September 2024 whl¢h are set out on pages 13 to 29. Respectlve rospon$lbllltles of Trustees and examlner The charitls trustees are responsible for the preparation of the financial statements in 8ccordan¢e wth the terms of the Charities and Trustee Investment (Scollandl Act 2005 Ilhe Acfl and the Charities Accounts IS¢otlandl Regulation 2006 las amended) I'the A¢¢ounls Rggulalions'l. The trustees consider that the audit requirement of regulation 1011 Ila) lo Icl of the Accounts Regulations does not apply.11 is my responsibility lo examine the financial statements as requir8d under section 4411 Ilcl of the Act and to slat8 whèthèi particular matters have Gomg to my attention. Basls of indèpendent examiner's statemant My examination was carrEd out in aOranCe with regulation 11 01 the Accounts Regulations. An examSnalion includas a review ol the accounting records kept by the charity and a comparison of the financial slalements presented wth those records. 11 also includes ¢onsideralitsn of any unusual items or disclosuos in tho financial slatem&nts, and seeking explanations from you as tmsteas ¢on¢eming any such mallers. The procedures undertaken do rK)t provide all Ehe evidence that would be required in an audit, and consequenily I do not express an aLKlil opinion on the view given by the accounts. Page11
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES INDEPENDENT EXAMINER'S REPORT ICONTINLIEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Ind8pondent examlner's $tatsment In the course of my examination, no matt8r has come to my atten": which gives me reasonable cause lo believe that in any Material respect the requirements.. lo keep aGcounling records in accordance with section 44{1 Ila) ol the Act and regulation 4 of the Accounts Regulations., and lo prepare financial statemenis whith accord wilh the accounting records, Accounting and Reporting by Charities preparir)g their a¢counts in accordance with the Financial R8POrting Standard in the UK and Republi¢ of Ireland {FRS 1021 and In olher respacts comply with regulation 8 of the Accounts R8gulations have not been mel., or lo whith, my opinion, attention should be drawn in order to enable proper understsnding of the finanaal 51alervents to be reached. This report is made solely to tha charity's Trustees, as 8 body, in sccordance with regulation 11 of thè Charities Accounts IScotL4ndl Regulations 2006. My work ha5 be8n undertaken so that I might slate lo the ¢haiiVs Tru51ees those matters l am req4Jired lo stale to them in an Independent 8xamineVs report and lor m other purpose. To the fullest extent pemiitted by law. I do not accept or assume responsibility to anyone Other than the oharity and Ihe charitys Truste¢s as a body, for rny work or for thi8 r9PO Dated.. 18 June 2025 EQ Accountants Limited Chartered AccouTrlants Pentland House Saltire Centre Glenrothes Fife KY6 2AH Page 12
ST, LUKES EPISCOPAL CHURCH: GLENROTHES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestrlcted funds 2024 Restrlcted funds 2024 Endowment funds 2024 Total funds 2024 Total funds 2023 Note Income and endowments trom: Donations and legacies Charltable actilieS Other trading activitie5 Investments 16.S61 16,432 2.394 1,124 51,422 67,983 16.432 2,394 8,576 77.789 12,634 f 25 7.4S2 8,466 Total income and èndowménts 36,511 58.874 95.385 99.014 Expenditure on; Charitsble activities S2,711 46.34B 99,059 116,208 Total expendilure 52.711 46,348 99.osg 116,208 Net (expenditure) lincome before net gains on investmènts Net gains on investments 116.2001 12,526 {3.674} (17, 194) 34,985 4,877 39,862 13.758 Net {expenditurel lincome Transfers between funds 116,2001 47.511 4.877 36,188 {3,436) 15 25,556 125,5561 Net movement In fund5 9,356 21,955 4,877 36,188 (3,436) Reconclllatlon of funds: Total funds brought fOard 42,179 256,325 32.006 330.510 333,946 Net movement in funds 9.3S6 21.955 4,877 36,188 (3,436J Total funds carried forward 51,535 278,280 36.883 366.698 330,510 The Statement of financial activities includes all gains and losses recniSed in the year. The notes on pages 15 to 29 form part of these financial slalemenls. Page 13
ST. LUKES EPISCOPAL CHURCH: GLENROTHES BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Not• Fixed assets Investments 12 286,279 266,477 288,279 266,417 Current assets Debtors Cash al bank and in hand 13 4,000 80.166 2,598 66,415 84,166 69,013 Credthr5'. afflounts falling due wlhin one year 14 15.747) (4,9201 Net Curn1 a88•ts 78.419 64,093 Total assets less current liabllitles 366.698 330.510 Nèt assèts Èxcluding pènsion assèt 366.698 330,510 Total not asBet6 366,698 330,510 Charityfunds Endowment fut$ Restricted funds 15 36,883 278,280 51.535 32,006 256,325 42,779 15 UnreslrTCted funds 15 Total funds 366,698 330,510 The financ1 statèments We approved and aulhorised for issue by the Trustees and signed on their behalf by. Dale.. 18 June 2025 The notes on pages 15 to 29 fom part of thase financial 8lalemenl8. Page 14
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 30 SEPTEMBER 2024 G8n•ral infomiation The chartty is an unincorporated asswialion, govemed by their constitution. The charitys registered office is Sl Luke's Episcopal Church, Ninian Quadrant, Glenrothes, KY7 4HP. Aeeountlng pollcles 2,1 8851$ of preparatlon of tlnanclal statements The financial stat6mènts have bagn prépared in a¢¢ordan¢e with the Chariti8s SORP IFRS 1021- 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 IFRS 1021 (effective l JanLtary 20191. the Financial Reporting Siandard applic8ble in thè UK and Republic of Ireland IFRS 1021 and the Charities and Trustee Investment (Scotlandl A¢1 2005 and the Charities AccoLsnts Iscotlandl Regulations 2006 (as 8mendedl. St. Lukes Episcopal Church.. Glenrolhas mg9ts tha definition of a publi¢ benefit gntity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless OtheISe staled in the relevant accounting policy. 2.2 Going concem At the time of approving th8 financial ststgments. th& truslèes have a reasonable expectslion that the charity has adequate resources to continue in operational existenc& for the for8sable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial slatemenls. 2.3 In¢ome l income is recognised once the Charity has entillemenl lo the incomg, il is probable that the income will be r8ceived and the amount of income receivable can be measured reliably. The recognitlon of in¢ome from legacies is dependent on establishing entillemenl, the probability ol receipt and the ability lo èstimat& with suffi¢ient accuracy tho amount receivable. Evidence of entitlement to a legacy exists when tho Charity has sufficient eviden that a gift has bgen left lo Ih6m Ilhrough knowtedge of Ihg existence of a valid will and thg death of the ben8laclorl and the executor is satisfisd that thè property in question will not be qUired to $8lisfy claim5 in the eslale. Receipt of a gacY musl be recognised when it is probable that il will bo roceived and the fair value of the amount receivable, whith will generally be the expected cash amount lo be distributed lo the Charity. can be reliably measured. Grants are in¢luded in the Statement of financial activities on a Ceivable basi5. The balance of Income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition Is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, tha income is ac¢rued. Gifts In kind donated for distribution are in¢luded at valuation and re¢ognised as income when they ar8 distributed to the projects. Gtfts donated for resale are included as income when they are sold. Income tsx recOVerae in relation lo donations received under Gift Aid or daods of covenant is recognised al the time of the donation. Income lax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 15
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting poll¢lg$ l¢ontlnuedl 2.4 Expenditure Expenditure Is recognised once there is a legal or conslruGlive obligation lo transf9r economic benefit to a third party, it is probable that a transfer of economsc benefits will bè réquiréd in settlèment and the amount of the Obligation can be measured reliably. Expenditure is classified by a¢tivily. The costs of each activity are made up of the total of dir8¢l cosis and shared costs, including support costs involved in undertaking each activity. Dir1 costs attributable lo a single activily are allocated diredly to that aGtivity. Shar6d costs which contribule to more than one activity and support costs which ar& not attributable to a single activity are apportioned between those activitie5 on a basis conslstent wtth the use ol resDurces. Central staff costs are allocated on the basis of b'me spent, and depreciation charges allocated on the portion ol the asset's use. Expenditure on charitable acliwties is incuired on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of Irrecoverable VAT. 2.5 Govèrnmènt grants Government grants relating lo tangible fixed assets are tieated as dèferrad income and released lo the Statement ol financial activities ovèr thè expected useful lives ol the assets concerned. Other grants are credited to thè Statement of financial activities as Ihe related expenditure is incurred. 2.6 Interest ro¢alvablo Interest on funds held on deposf( is included when receivable and the amount can be measured reliably by the Charity.. this is nortnally upon notification of the interest paid or payable by the institution wilh whom the funds are d&posiled. 2.7 Investments Fixed asset inveslmonts are a form ol financial instrument and are iniiially recognised at their transaction cost and subsequanuy measured at fair value al the Balance sheet dale, unless the value ¢annot be measured reliably in which case il is measured al ¢osl less impairment. Investment gains and losses, whelher realised Dr unrealised, are cotnbined and presented as 'GainsllLossasl on invèstments. in the Slalement of linancial aclivilies. 2.8 D8btor5 Trade and other dèbtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.9 Cash at bank and in hand Cash al bank and in hand Includes cash and short-term highly liquid investments with a short maturity of three months or less from the date ol acquisition or opening of the deposit or similar account. Page 16
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies Icontinuedl 2.10 Llabilities and provlsl0ll8 Liabilities aro recognised when there is an obligation at the Balance sheet dale as a result of a past event, il is probable that a trar¢sler of economic beneff( 11 be required in $8ttlemenl, and the amount of the settlernent ¢8n be estimated reli8bly. Liabilities are recognised al the arnount that the Charity anticipatès it wll pay to settle the debt or the amount f( has received as advanced payments for the goods or servlces it must prowde. Provisions are measurad at the best estimate of Ihe amounts required to settle the obligation. Where the effoct of the tim& value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the Tisks specific lo th& liabillly. Th6 unwinding of the discount is recognised in the Ststement of financial actNilies as a finan¢9 cost. 2.11 Finanrial instrum8nt$ The Charity only has financial assets and financial liabilities of a kind that qualify as bas finan¢ial instruments. Basic financial inslmments are initially recognised at transaction value and subsequently measured at their settlement valu& with the exception of bank loans which ar subsequently measured at amortised cost using the effective interest methDd. 2.12 Penslon8 The Charity op9rates a delingd conlribubon pension s¢hgme and tha pansion charge represents the amounts payable by th8 Charity trj the fund in respect of the year. 2.13 Fund accounting General funds are unrestricted funds which are available for use at the discrebon of the Truslé8s in furtheran of the general objectives of the Charity and which have not been designated for other purposes. Designa19d funds compri59 unrestridtrd funds that hava baan sat aside by the TTUStees for particular purposes. The aim and use of each designated fund is sel out in the notes lo th8 financlal 8tal8menl8. Reslricled funds are funds which are lo be used in accordan wilh specrfic restrictions imposed by donors or which have been raised by the Charity lor parti¢ular purposas. The costs of rdising and administering such funds are charged against the specifi¢ fund. The aim and USB of each restricted fund is sel out in the notes to the financial stslements. Investment income, gains and losses are albcated lo the approprfats fund. Page 17
ST. LUKES EPISCOPAL CHURCH., GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from donatlons and legacies Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total nds 2023 Grants Community Fund- National Lottery General Synod Offi Fife Council 47.661 47,661 44.983 5, 125 1,000 Fife Voluntary Action - Communities Mental Health and Wellbeing Local Communily Planning Budget Stipend Support 9.285 1,063 3,231 3,231 Subtotal detalled disclosuTe 50,892 50,892 61,456 Donations 15.856 705 500 30 16,356 735 15,781 552 Gift aid & GASDS payrnents Subtotal 16.561 530 17,091 16.333 16,561 51,422 67,983 77,789 Total 2023 4,866 72,923 77,789 Income from charitabl8 acilvlties Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Rent received 16.432 16.432 12,634 Total 2023 12,634 12,634 Page 18
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from other trading activities Incom¢ from fundralslng events Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising 2.394 2,394 125 Total 2023 125 125 Investment income Unrostricted Restricted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Incorne from investment funds Investrnenl income- interest 1,052 72 7.452 8.504 8, 186 280 1,124 7,452 8,576 8,466 Tot812023 1,338 7, 128 8,466 Analysis of expenditure on charitable actlvltlos Summary by fund type un$tCted Rg$trScted funds funds 2024 2024 Total 2024 rolal 2023 Charitable acliwties 52,711 46,348 99.059 116,208 Totel 2023 37,889 78,319 176,208 Page 19
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 SEPTEMBER 2024 Analysis of expendlture by activitFes Activities undertaken dir&ctly 2024 Support 0Sts 2024 Total funds 2024 Total funds 2023 Charitable actSvlJes 95,176 3.883 99.059 7 16.208 Total 2023 112,6Q8 3,600 116,208 Analysls of dlrect costs Total funds 2024 Total funds 2023 2024 Staff costy Clergy related costs Payments to Central Fife Team Ministy Diocesan quoia Heat and lighting Maintenanc@ and r@pairs Insurance 36.622 36,622 38,373 972 7,200 2,211 4,045 82 1.262 72.090 553 17.538 25.200 2,278 6.887 2,541 1,399 1,149 813 1,948 319 25,200 2.278 6,887 2,541 1,399 1.149 813 Refurbishment- Building costs Worship costs Rectory costs Bank charges Covllmunity benefit costs Vastments Donations.. Other Water rates Cafe ¢osts Pantry costs 1,948 319 T60 1,379 280 220 220 1,146 9.250 5.404 1,146 9,250 5,404 12,326 13,537 95.176 9S.176 172,608 Total 2Q23 112,608 7 12,608 Page 20
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMYER 2024 Analysls of expendlture by activities (continued) Analysls of support costs Total funds 2024 Tatal lunds 2023 2024 Administrative costs 40 40 40 Gov8m8ncé costs Sundry 3,843 3,843 3,465 95 3,883 3,883 3.600 Tot812023 3,600 3,600 Independent examlnèrfs remuneration The in¢Jependent examinerfs remuneration amounts to an independent examinerfee 01 £3,79212023- £3,465). 10. Staff costs 2024 2023 Wages and salaries Contributron to defined contrlbution pgnslon schomes 36,527 95 38,279 36.622 38.373 Thg average number of persons employed by thg Charity during the year was as follows.. 2024 No. 2023 No. Employees No employee received remuneraiion arnounting to more than £60,000 in eilhgr ygar. Page 21
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 11. Trustges. ramuneration 8nd expenses During the yoar, no Trustees rsceived any remuneration or other benefts (2023- £NILI. During the year etKled 30 September 2024, no Trustee expenses have been incurred (2023- £NIL). During th8 year a total of £2,10012023- £1,360} was donated to the Church from tha Trustèes. 12. Fixod o$$et invo$tm&nts Inv•stments Cost or valuation At 1 October 2023 Disposals Revaluations 266,417 118,0001 39,862 At 30 September 2024 288,279 Net b(>ok value At 30 September 2024 288,279 At 30 Seplember 2023 266.417 13. Debtors 2024 2023 Due wh6n one year Oth8r debtors 4,1)00 2.598 4,000 2,598 14. Creditors- Amounts falling due within one year 2024 2023 Trade creditors Other crediloTS Accruals and deferred income 1,530 500 955 500 3,717 3.465 5,747 4,920 Page 22
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 15. Statement of funds ststement of funds- current year Balanco at 30 September 2024 Balanc• at 1 October 2023 Income Transfers inlout Gain51 ILo$se$l Expenditure Unrestricted funds Designated funds Designated Fund- Lukg's Lardèr Hkjb 15.054 10,432 122,3991 12,083 15,170 Designated Fund- Stipend & Ministry expenses 121,9691 25.452 3,483 15,054 10,432 144.3681 37.535 18,6S3 Ganoral funds Ggn¢ral Fund 27.125 26.079 (8.3431 111.9791 32.882 Total Unrestrlctgd fund 42.179 36,511 152,7111 25.556 51,535 Endowment fiinds Enijowmgnt Fund 32.006 4877 36,883 Page 23
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 SEPTEMBER 2024 15. Stat•mènt of funds {¢ontlnuedl Balance at 30 September 2024 Balance at 1 October 2023 Income Transfe inlout Gains1 {Los5es) Expendrture Restrlcted funds 5nve51ment fund- Cl8r8 Bond 234,411 150 7,452 {25A521 34985 251.396 150 Mothers Luke's Larder Hub N8(ure Sessions Sanctuary Young People Community AV Equipmgnl FVAJScoltish Government.. Communities Mental Health and Wellbeing Fund Community benefit Manna commltnity food pantry Stipend LCPB IDec*l 15,247 47.691 138.0211 24.917 106 106 1,130 1.130 2,445 12,3351 11041 240 240 2,589 12.5891 13,2311 {1721 3.231 500 328 256,32S S8,874 146,3481 {25.5561 34,985 278,280 Total of funds 330.510 95,385 199,059} 39,862 366.698 Page 24
ST, LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 15. Statement of funds {continued> Dosignated Funds Luke's Larder Capital (formally Community Capitall- rglales to wnonies assigned by the trustees to ontribute to the refurbishment project and ¢ar park construction16ss 8xpènsas on the project. Luke's Larder Hub {fornially Cornmunity Hubl- In 2021, the cafe project changed to a communty kttchen and soGial hub. This fund ralates to moniès assignad by Ihè trusteas to cover the hub's running exp@ns8S. Restricted Funds Community Capital - is a community-led project supporting w&lkbeing Ihrough food and shared activities, and partnerships with other charities and organisations. Investment fund - Clara Bond- relates to monies donated to be used for stipend. Mothers, Union- relates to monie8 lo be used to purchase a yift. Luke's Larder Hub {fomially Community Hub}- relates lo monies donated lo be used for Gafe $8laries and running costs. N8ture Nurture Sessions- relates ta monies don8t8d lo ba used for providing natu sessions for primary school pupils. Coffee Bar- relate5 to monies donated lo be used lealcoffees after Sunday services. S8nctU8ry Young People- relates to monies donated by young peoplo to be useij for a safe place designed lor all 8ges. comnitY AV Equipmenl (formally Peace'n. Jam AV Equipmentl- relates lo monies donated for the improvemènt of the onsit8 technical capacity lor Professional Audio systems (Audio-visual Solution and Liv&str8amingl as part of dolivoring effective communications into the community and for the next g@n8ration. Fife Voluntary Aclionlscottish Government.. Communities Mental Health and Wellbeing Fund - this relal&s t() monies donate to support the growth ol the Bile & Blelher inilialive. Community Benefit Fund= relates lo monies donated lo be used aid some churches and p&nsionerfs groups in the area. hAanna CommLJnty Food Pantry.- relates to monies donated lo be used for community pantry supplies. Stipend: relates to monies to be used specifcalty fDr Stip8nd costs. LCPBIDec+l'. relatès to monies trj be used lo help the community al Christmas. Endowment Fund Relates to monies invested that the charity can use for any purpose. Transfer From Fund5 Trustees agreed that transfers from unrestricted funds to designated and restricted funds to pay for surplus expenses. Page 25
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 15. Statemont of funds {continu8d} Statement of funds- prior ar Balancg al l Oclober 2022 BalanGe 81 30 Seplember 2023 Transfers in/out Gainsl (Losses) Income Expenditure Unrestri¢ted funds Designated funds Designated Fund - Community capital Designated Fund - Luke's Larder HLJb 15,111 (17,215) 2,104 4.413 6,634 4,007 15,054 19,524 6,634 (f 7,275) s.111 15,054 General funds General Fulld 22,311 12.329 (20,674) 13.159 27.725 Total Unr•strl¢tèd funds 41,835 18.963 {37,889) 79,270 42,119 Endowment funds Endowment Fund 30,353 1.653 32.006 Page 26
ST. LUKES EPISCOPAL CHURCH.. GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 15. Statement of funds Icontlnuedl Restrlcted funds Community Capital Investment fund- Clara Bond Mothers 1,845 (1,845) 238,733 150 7,128 (23,555) 12, 105 234,411 150 Luke's Larder Hub 19.006 46,889 (56.778) 6.130 15,247 Nature Se5sioris Coffee Bar 106 450 106 (450) Sanctuary Young People Community AV Equipment FVAIScottish Government: Communiti8s Mental Health and Wellbeing Fund Community benelil Manna community food pantry Stipend 1, 130 1,130 1,063 (1,056J 338 9,285 (7,178) 1,000 (760) 9,561 5.725 (6.972) (5,125J 2.589 261. 758 80,051 (78,379J (19,270) 12,105 256,325 Total of funds 333,946 99,Ot4 (116,208) 13,758 330,510 Poge 27
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 SEPTEMBER 2024 16. Summary offvnfls Summary of funds - curront year Balance at 30 Sept&mber 2024 Balance at 1 October 2023 Income Transfers inlout Gainsl ILgssg$1 Expenditurg D$signated funds 15,054 27,125 10,432 26,079 {44,3681 {8,343} 37,535 {11,9791 18,653 32,882 General funds Endowment funds Restn'ct8d funds 32,006 4,877 36.883 256,325 58,874 {46.348) {25,5561 34,985 278,280 330,510 95,385 {99.059} 39,862 366.698 Summary offunds- prior ygar Balance al I October 2022 Balance al 30 September 2023 Transf8 in/oul Gains/ (Losses) lrtcome Exp8ndittJr8 Designated funds Gener81 funds Endowment funds 19.524 22.311 6,634 12,329 (IT.215) (20.674) 6,111 13, 159 15,054 27,125 30,353 1,653 32,006 Restricted funds 261,758 80,051 (78,319? (19,270) 12, 105 256,325 333,946 99,014 (116,208J 13,T58 330,510 Page 28
ST. LUKES EPISCOPAL CHURCH: GLENROTHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 17. Analysls of net ass91$ between funds Analysi$ of net assets between funds - ¢urrent p•riod Unrestricted Restricted Endowment tunds funds funds 2024 2024 2024 Total funds 2024 Fixed asset investments Current assets 251,396 26.028 856 36.883 288,279 84.166 15.7471 58,138 16,603 Grtsdilors due within one year Total 51,535 278.280 36,883 366,698 Analysis of net assets between funds - prlor period Unrestricted Restricted Endowmenl lunds funds funds 2023 2023 2023 Totsl funds 2023 Fixgd asset investments Curronl assèts 234,419 22,695 (781) 32.006 266,417 69,013 (4,920) 46.318 (4, 139) Creditors due within one year Total 42,179 256,325 32,006 330,510 18. Gifts in kind During the year a to181 of £2.50512023- £9831 was donated to the Church as Gifts in kind. Pa99 29
ST. LUKES EPISCOPAL CHURCH: GLENROTHES INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2024 2023 2023 Income Donations Grants Charitable activities Fundraising Charity investmgnt income- lislgd investments Charity invesltllenl income- cash investments Gllt ald and GASDS 16,356 50.892 16.432 2,394 8,504 72 15, 781 61,456 12.634 125 8, 786 280 552 735 95,385 99,014 G8ins on investments GainsllLoss&sl on investments 39,862 13.758 39.862 13,758 Gro$$ inromo in the reporting period 135,247 112,772 Lè$5'. Direct costs Payments to Central Frfe Team Ministry Diocesan quots Cler9y related costs Refurbishment- BuildinglFurniture Worship costs Heat and lighting Rates Maintenance and repair Insurance Staff costs - salaries Pension costs Veslmenis Community benefit CO515 Cafe costs 25.200 2.278 7,200 2,211 9T2 1,149 813 72.090 553 4,045 6,887 1.146 2,541 1.399 36.527 95 220 82 1,262 38.279 94 1,379 76Q 12,326 13,537 17,538 28 9.250 5.404 1.948 Pantry costs Rectory costs Donations- other Bank charges 319 95,176 112,608 Pagè 30
ST. LUKES EPISCOPAL CHURCH: GLENROTHES INCOME AND EXPENDITURE ACCOUNT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2024 2023 2023 Support cg5ts Administrative costs Sundry Governance costs 95 3,465 3,843 3,883 3,600 Total expenditure 99,059 116,208 Net Én¢om¢llexpenditurg1 for the reportirEg peri<xl 36,188 13.4361 The notes on pages 15 to 29 form part ol these financial statements. Page 31