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.sllexlle￿e[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. Re￿UlaT Sunday worship arrn** 11ip gi niipifi
h(Is been up 14% on the previous yeaf.

(SI￿peY Qe¥erO￿G.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 ￿0￿p 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.oll￿n￿￿ 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￿.1￿11 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 C*hriiies anil Trijsiee Invesiaieiit Isroiianei A(12(MIS l-lhe IIM)5 Act") and Ihe Cl)arilies kcounrs
iiuilit fEqibire￿1eTr( ol Rogul)Iion Iolllldl 01 Ilit 21M)6 Ilt8ulaiion5 doe5 nor opply. It is my Teswnsibililv
to ex6m*lle the occoun15 as rtouiied uvder secLioiI144M1111l of the 2LYJ5 Act and io Si•ie wl)eiher paiilculdr
IT1￿lI￿r$ havv cvme 10 lily Jiieiition
My VXalTlliiaLii)n 1.5 1-4lrriod OU4 1113CCOTiloiiie wilh Regulatw 11 of ihe 2(XJ6 Re4ulaiI￿s. Ali e¥aniinaiion
Includes o revicw ol ihe ￿C£0￿￿1111% 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¢b*r, LTrxpli1ndl111)ns Irom the Irusree% crJncerniflK surh In*ivr¥. Tlie proced11r￿s unil<Jriaken ri¢Jt
prtsvidp Ill Ilie e￿d￿)r￿ iliai wwld bp iÈiiuii￿l in ali authi aiNS, (L￿5￿qUen￿v. 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(vr￿all(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
Unve￿￿1¢￿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#11￿15
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
R￿tOrY
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
Govi1rna￿e costs
175
175
113.8Jl
Purchiso ol I￿￿111me11IS
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
S￿7.1
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 KI￿n￿lI,5 (￿rCh ha
5.581
122.877
14.fj36