SC001009 Isla spey Deveron Group of Churche5 Accounts for the ye3f to 30th September 2024
Charit Number SC001009 Isla Spey Deveron Group ol Churthes Year end 30.09.24 Principal Address 40 Cc75tlp Streei FoclTrabers IV32 1DW Clitirily Trustees Other OFficials INOL Vestry Membe Tieasure Secretary Clerg¥ wlth Warr41nt Independeni Fxdmiiiihl 8dnkers 90 HIKh Strpet Elgih IV30 IBJ ordoii Chopel CCH Cliri3t Churrl? Hiintly HIK Holy Trinity kelth SMA St MornLin's Aberchirder 5MD Si Michael s Dufftown
lJLa.sllexllee[OD.G¥.Oup ol Qhur.Ghes Annua( Report ofthe ConEregationTrustees The Trustees present their annual report togeihei with the financial statements for the year ended 30th September 2024. Structure and governance In ternis ol Ilio Clii]ritiets lind Trustee Inveslment (Scotlandl Act 2005 and tlio Charities Account¢. IScoll<indl Regulr?tions 2006, Ihe Trustees report to Ihe coiigregalion as follows.. 11 is member of the Diocese of Moray. Ross and Cailhness of the Scottistt Episcop81 Cliurch and is in lull comniunioii with the Anglican Church The superior authority is the Bishop of Mnray, Ross and Caiiliiiess. All ot its attairs ale governed by the members of the congregations. Wilh named persoiis having parti¢ular dutie5 an(J iesponsibilities. Appointment ofTrustees fromlhe congr8gatlon Members of the con8reg<1tlon are elecied or £ippoinled by ihe AnnuJl Geiieral Meeiing e5tats115hed by constitution and under Canon Law of the Scottish EpisGopal Church. There is no formal induction progiamine. but ongoing guidance is given to ensure trustee members are f8mili8r with Ihe Church's volues. aims and responsibilities as the designated trustees of the charity. Administrativ& structure 11 is the duty of the trustee¥b lo mJna8e the temporal aff air8 of tl)e congregation with rUsP()S¢bIlity to keep ihe fc?bric iiiid properly ol the Church 8nd other buildings iii good woiking urder and 10 look arter the liridnces ol the church. Slotement of r18k Thc tru8teL8 keep under revicw the major risks to which the Church Is oxposod aii(J nas e8tabli%lied proGodures io niitlgale any risks Identified. Charitable objectives, g¢tivities and achievemonts The priiicipal aciivirios ol this Church iiiclude public worship in sacramenl and prayer, Chrlstian .7 education, ¢haril8ble work and fundralsinE lor local, national and inielnational neeos. social meetings, predominately of the youth. the elderly and many groups of all ages. Volunteers The trusiees are 8r8telul lor tne time frvely given byvolunteeis, Wllhoui whom moiiy of the aciiviiips would be unable to operate. Achlevements and perlormanoo 2024 lias been a ye<ir ol consulidation. planning and developmeni. witli some grvwth se8n Iiilluwin the Covid pandemic aiid 118 ¢)Itermaih. All the churclie.% Jre opeii on a regular basis for worship. During the su¥nrner season from EJ8ter, Gordon Chapel has been open daily lor private prayer and for vi51tors.lii congregotional toims thero are still sonle folks who have not returned to regular worship following rhe pandemic. some new nièinbers Jrid c) core laithtul group in each ol the churches. The year has algo seen some. nieiribers pass awEJy, othors move away fo¥ a number of reasons. ReUlaT Sunday worship arrn** 11ip gi niipifi h(Is been up 14% on the previous yeaf.
(SIpeY Qe¥erOG.rOuUOI Churchos Online services ol Evening Prciyer via Zoom continue to take place on Sundays and Wedne.sdclyS and are riow a regulai aiid iiiipurlant part of tlie worship pattern. Pew Sheets Gontinue to be produced ¢ nd dislribuied eithei elecironically or in print formal. There is also a weekly retection posted most weeks on Ihe group websiie wtyvw.islclEPI:ydovc.'r()ii-rliiirr.h('.%.orp.- Zoom Is also still boing used lor stLtrdy groups and vestry meelings. ELLirnenical relations liavc continue to develop, wilh regular meetings of clorgy in most areas of Ihe groupiiig, dnd Elcuiiienical servi¢os for Holy Week. Reiiienibrance Suiiday. the Caiol service iri DLilltown and a new Taize service was held twice duiing 2024 ai Holy Trinity Keith. Arlicles I broadcasts with both thè Huntly Expr8ss and Keilh Community Ra(iio continue. In ILsini8 ot working in the widei community and socleiy, we continue to support • nuinb8r ol groups iiicluding thc work of the AbcTchirder Play4roup and tlie Pricst In Ch8rgc is 8 Irustce ol Alexander Sc4tl's Iii Huiilly. Siiicc Ilie cunibinina ot the CfOLipiiig back in December 2020 the vestry has been workinbj on looking clt Iliinuls n()r only Irom an individual church perspective bul also a group p8fspectivo. One ol Ihe m(iiii cliallenges 15 how best to use the group's buildings and eiisure Ihp gr()up's loiig term finoncial viability. To this ciid 2024 has seen investmeiit bping pul into renovaling the flat at Gordon Cliapel briiiRinH it up to EPC'C, so ,'t Can. in early 2025. be ioiilod OLJt to bring in v8lu8ble inconie to tlie Aiouping. The Rectoi'y at Holy Trinity Keith is also being sold.. li Is hoped this will be complete(J at the 8nd of lanJary 2025. Following this the veslrywill be looking lor a new Rectory in Keith which is cheaper lo Inc)Intaiii tiiid lioat diid wliich also providos a more modern residence for the Prlesl in Ch¢irge. AllhouLih plaiis have bev.n apprcwpcj io develop Sl Michael's Dutflown these iirg on hold due 10 158ue8 rcliilLd lo Ilic IreLS1)ehind Ihe chuich ¢ll)d developn)eiit resiTlCtions. Tlip Priesi In Cl)arge has also been involved with Diocesan activliios in hi8 roles as Synod Clerk and corive.nor of Ihe Diocesan Adniiiiibir81iuii BuJid Financial review Although the E>ccount5 show a surplus lor the year. therc contlnues to be an underlying deficit in the unre5triLtL'd luiids wl)icli Ihe vestry conlinues to look lo recllty. Tl)e sale ol the Rectory ot Holy Trinity Keith wl)ich is due for completion on 31. january 2025 and the ¥¥iiovalion ol Ihe flat hl Gordon Chapel wilh it going tne rontal mark6t In early 2025 should holp with both exppndilure and inconie during the comingyear. TlILire has also been a larLits expense during the year related to building projects which are setting the Ivundalion lol the 0p moving forward. The value of Ihe UTP investment has risen durin&l tlie18sI yaai from £26.47 per unit to £30.51. The lull eltect ol this can be seen on the Statement of Balances. Reserves The resei'ves posiiion Gontinues io be monitore(J on 8 regular basis. plans for the f uture The Vestry is looking ¢lt plans to develop lurther both a growingworship community and one th.?t
is suslainable tinancially into the Iuiure. The lollowing al'e currently either iii progress. dbout to Degin oi are in ihe planning stage. UpgradiiiE Ihe flal and meetinLI room ryl Gordoii Ch.?iJcl Consider possible developinent at St Micli<JLI'8 Dulliowii Look to sell the Reciory <lt Keilli and purcha8e new RL'CtOfy that beiier tits the needs ol clefgy iii thè current groupiiig an(J is also t)¥ller froin a Nel Zero perspecrive_ The vostry noeo to continually considors= Salp.guarding uf all pp.ople 8cioss the gtouping. wliich Is discussed at every vesiry nieetiiil. "Ihe Sl.C policy on Net Zero 3nd how that relates to Ihe Is12 Spey Deveron Gioup ol CliuiGII85. Statement of responsiblllties of trustees 'rhfg trts%tee% Inust i)ri:iliifLi lincincilit stBtementg which give sufficient cletnil to enoble Dn appreciation Df the IransGclions ol the cliurch during the linancial yedf. The trustees 8re responsible for keepiiifr! proper ilCGQUlltiiig I'eLurds which. oi) request. iiiust rLJllecl the current liii<in(:inl pusilion ol Ihg I:hurLII at that liine. Tl lis ii)ust be done to ensuie Ilial Ili(J li()ancial statements comply with the Charitieb (Iiid Trusr8e Invcsimonl IS¢otL8ndl Act 2005 dnd Ihe Charities Ac¢oiints ISr.olln Ilegulatir)ns 2006. TII¥v are al%0 r05pnnsible lor saleguar(Iiiiui the assets ol Ilip church and Inusl lake reasonal)le 8leps lui Ili pievcnllon and/ or (let8Ction ot Iiaud and other ifrftguliirilies. On beh¢ill of tli8 Iru8tees
Isla Spey Deveron Group of Chvrches Year end 30th Septembei 2024 Independent Examinees Report Ii".¢Jeppiid¢nr Exainiiiei's Reporr to the Tru51eos ol the 15111 Spry DP¥er GroLlP ol Chu1thes I r.111 Lkli ilie liiianc.ial siaiwnents ol ilie chwity the veaf ended 30 Septwnber 2024 which are Sei oui on PEigc5 J io IIJ. Resp¢'c¢ive ¥e5pu¢i%.biliiiL4 1)r Trustees Examliier I lip ( hilVIly's IriJ411'L'S.Ifv ri&%y)iis.hlp Irjt Ilit. P'VIJA'•+lityb uf the ?ciounts accordiMI¢ with Ilie Iwrn lif iliv Chriiies anil Trijsiee Invesiaieiit Isroiianei A(12(MIS l-lhe IIM)5 Act") and Ihe Cl)arilies kcounrs iiuilit fEqibire1eTr( ol Rogul)Iion Iolllldl 01 Ilit 21M)6 Ilt8ulaiion5 doe5 nor opply. It is my Teswnsibililv to ex6mlle the occoun15 as rtouiied uvder secLioiI144M1111l of the 2LYJ5 Act and io Si•ie wl)eiher paiilculdr IT1lIr$ havv cvme 10 lily Jiieiition My VXalTlliiaLii)n 1.5 1-4lrriod OU4 1113CCOTiloiiie wilh Regulatw 11 of ihe 2(XJ6 Re4ulaiIs. Ali e¥aniinaiion Includes o revicw ol ihe C£01111% iifnrds kepi by Ille charity and d ¢umpar15ty) ol ihe accounLS piesei)ted '117 IliL>5L? Fl?Lorily li olw Includes cun51éor4iiuri oi an¥ UnUSUiil liems d1s(105ufL iii ilie OlCOLintS dncl 5e¢br, LTrxpli1ndl111)ns Irom the Irusree% crJncerniflK surh Inivr¥. Tlie proced11rs unil<Jriaken ri¢Jt prtsvidp Ill Ilie ed)r iliai wwld bp iÈiiuiil in ali authi aiNS, (L5qUenv. I iiDi pxprtr5s an audlt Indtspendonl Exomlii¢r's St4i¢ment In LOlillC(tIL)n willi iiiy L•MJrnliiolion, no nmtier lilts iwne10 srryatientlon'.- 111 w*irl) ¥iiivs WVAwrialilv i (o bdieve ihai, iri diiy in.Mwlal resyect. the re4uiremei)is'.. 10 ki4QP a¢(ouniii)y. retords iii )c(vrall(t wrth se(iion 14llllal al ihe 2Q05 Atl ai)d Ri'culmtinn 4 01 Il)e 2110ti Rep,iJlati(JDs, ah ro prepaie JCfOLints which acford with ihc &coyniini re(ords &)d comply w¢ih He8uloliiYb Y of th 2th1CTr Re6ulatlOn5 liave no¢ been rnel. nr 12111) wliirh. ¢11 niy opinioii, aireiltion should be drawn wi ordci to enable a propor uiidersranding of rlip ccoijiiis ro rp.ii£hptl
Isla Spey Deveron Group of Churches Notes to the Accounts year end 30.09.24 Unve1¢d Fuhds RESiilrt¢d fjeneral Total Total Funds 1024 io 2024 2024 2023 Donations CoiikpreRational Kiwii la 29.218 3,149 29.218 23.835 Ib 50 3.199 LL'8aLy Special colle£isMs 53.784 53.784 zo 85 '.12.J6P 53.8Y 96.202 20 29.?71, l• Cgn8rvs4tloNI ¥ltJlr Open plJlt 3,650 19,775 5.PJ3 29.218 3h50 19.77S 1,981 21.854 2J.?18 Ib Don#1115 404 4,52b Weddlnm & l¥noiols Gordon Chaw.l fvojecl 2.74S 2,745 so 3.149 50 3.149 .976 Grants d86 3. Recelpts from fvndraising activities 3,1127 3.027 1.018 3.027 ,U27 Investment Inrgme DLilfluwA buildiliu ro.paii lund PL?rcy Nuxoilt RevgrEfjd 5trachan lund J.B39 J.K.19 3.710 2.697 2,6dlU 470 470 435 2.812 2.832 3.302 3.839 7,141 2.697 Rent from land & buildings 3.D39 a.039 2,533 3.039 3.039 S,2B3
Is13 Spey Deveron Group of Churches Notes to the Accounts year end 30.09.74 Unrtstricted Funds Deswiel 1024 Ae5t¥l¢ted Toi•l 2024 Tolal Futkds 202J Gwefal 1014 Tth•l ?02dl Payments relatSni to charitable activitie5 STipond X polis 20.882 20,882 18.884 3.872 3.872 3,128 700 590 Dlocvian quot 15,919 1.876 lJ,919 8.502 15,468 9,3811 626 1.617 10.271 591 10.869 2,586 2,7Zg 35,871 6.340 IL,125 2.134 ?.S74 2.729 12 3.860 GoTdoii Cli4pvl yJtoj¥cLcDsls 35.171 3.523 584 486 6,641 ?56 710 7,361 756 551 1.081 1.444 1,240 307 3Qi 376 376 205 Wvrship iP5L>ufLP¥ 482 188 2.373 7.313 J.3 20 75.653 37.820 Jl).473 6.223 76,139 626 626 628 G.A07 6,167 1,611 7.445 RtOrY 1,31S 9.388 1.876 626 8.SO? 1,617 591 591 726 585 HTK Rvciorv 1.698 1.698 176 8.580 8,510 10.278 S91 10.A69 726 6,341
Isla Spey Deveron Group of Churches Receipts Payments Account for the year ended 30.09.24 UnreSYlcid Resirlcted Total Total 2024 2014 1014 1023 NotE Receipts 86,2Ql 20 86.212 Grants 486 RL¥LL¥ipi% liom IvndrJisin% Xii¥lties In¥L'stvierii INC¢ 3.027 3.027 7.141 9JJ8 9.515 Iiieoino i¢latini 10 other charita J¢tNit*s eni Iron? latid iin¢J byildln8S 3.039 5.?A3 99.409 Poyments 203 150 113.473 6.223 119.696 76,139 ¢twtstie5 Govi1rnae costs 175 175 113.8Jl Purchiso ol I111me11IS DIsp0531 of Invostmenis SuirAu61dvficil (or tho war Ji,S00 10.55B l.d94 12,05J
Isla Spey Deveron Group of Churches 5tatemeni of Balances a5 dt 30.09.7_4 Vnre51IiCitd RestridEd Total Total fund5 Fund£ Fund5 1014 2024 2014 2023 Cash Funds 5.1fJ7 13.635 1.494 1&693 12,052 30.145 37,6 10.558 19,213 18.693 15.61$ 15,129 Gmeral accounts IS,615 15,129 30.145 IA,693 Investmertts Vnrts Openint osals AddlTWJ15 MVA 3.487 106.630 16.247 122.877 3,494 91.494 25,iU 13.712 81.2C 89.473 8?,064 14.?9$ 12.409 ?.178 ftÈv Sliacliai) Fund AestficILtd 540 16,473 Jio,oJo 29D.4H2 -Hii.( OpeniiiA uiill Pl¢ (2t*.41 (JO.51
1513 Spey Deveron Group of Churches Notes to the Accounts year end 30.09.24 6c Repalrs & maltyten¥nrè Geiitl4)l up&-e¢p tlufliiwin bthlttin% iepjif fund 1.736 1,?36 i.joi 3J2 ¢ MainplO'S Cbuich 3,604 RpctoJv 838 838 l.S74 2.586 J.860 LJ.12 Rostrlded Ivnds Openlni b•lonfe IrKome E¥pefidlbJ C•sh b•¢t ML4mvrial lund 4.018 Viirty Nu¥Liiii lund Christ fhiiich re5tortitior* IuDd 7.697 S7.1 5.201 5,204 HEld Ji the knnk 13.G35 7.697 6.203 15.IlY Toui 4,U48 4.ib18 Peicy Nii8eni fu 8%4YJ 95.JSI 5.204 16.473 Rev Stia£hJn Fuiid 16.473 15.1?9 171.0?6 fun& Incam• Exp•ndltur• Cash balan¢¢ Dulltvwn bulldin¥ iopalr lund fjoidoii Ch41PEI spccial fvnds Sl Main.)n'% CIHirch h#ii 5U.J69 14,7?6 3.1?1 770 53,28B 31,690 5J.H34 J5.871 1.2ry9 3.039 68.666 60.713 37.120 Y1.559 Calh In4Y5knenls l)utltown buildlni repairlvnd 53.288 32. 122.877 176.165 32.690 51 KInlI,5 (rCh ha 5.581 122.877 14.fj36