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2025-09-30-accounts

Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

Charity Registration No. SC001675

CHRIST CHURCH, KINCARDINE O’NEIL

CHRIST CHURCH

KINCARDINE O’NEIL

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

CONTENTS PAGE
Report of the Trustees including Reference and Administrative Information 1-4
Independent Examiners Report 5
Statement of Receipts and Payments 6
Statement of Balances 7
Notes to the Accounts 8-10

Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

REFERENCE AND ADMINSTRATIVE INFORMATION

The Vestry are pleased to present their report together with the financial statements of the charity for the year ended 30[th] September 2025.

Charity Name Christ Church, Kincardine O’Neil Charity Registration Number SC001675 Principal Office Sluie Estate Office Sluie House Banchory Kincardineshire AB31 4BA Operational Address North Deeside Road Kincardine O’Neil Aboyne Aberdeenshire AB34 5AA

Charity Trustees – Members of the Vestry

Members of the Vestry who served during the year to 30[th] September 2025 were:

  1. David Svihel (from August 2025)

Hon Chairman

  1. Andrew Bradford

  2. Andrew Nicol

  3. Toby Rider

  4. David Strang Steel

  5. Alice Strang Steel

  6. Fiona Strang Steel Hon Treasurer

Independent Examiner Margaret Dow 71 Raemoir Road Banchory Aberdeenshire AB31 5XQ

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

REPORT FOR THE VESTRY

FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

Constitution

Christ Church, Kincardine O’Neil is a charity governed by its constitution dated 10[th] October 1928. It is a member of the Diocese of Aberdeen and Orkney of the Scottish Episcopal Church. All of the affairs of the charity are governed by the Vestry.

Christ Church, Kincardine O’Neil is recognised as a charity by the office of the Scottish Charity Regulator in accordance with the provisions of the Charities and Trustee Investment (Scotland) Act 2005.

Recruitment and Appointment of the Vestry Members

Vestry members are elected or appointed by Annual General Meeting established by constitution and under Canon Law of the Scottish Episcopal Church.

Vestry Members Induction and Training

There is no formal induction program, but ongoing guidance is given to ensure that Vestry members are familiar with the Church’s values, aims and responsibilities as the designated trustees of the charity.

Administrative Structure

It is the duty of the Vestry to manage the temporal affairs of the congregation with the responsibility to keep the fabric of the Church and other buildings in good working order and to look after the finances of the Church.

Statement of Risk

The Vestry keeps under review the major risks to which the Church is exposed and has established procedures to mitigate any risks identified.

Objective and Activities

The Church’s principal activities include the public worship in sacrament and prayer, Christian education, charitable work and fundraising for local, national and international needs, social meetings, predominantly of the youth, the elderly and many community groups of all ages.

Volunteers

The Church continues to make its facilities available for use and provide worship for the whole community.

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

Financial Review and Plans for the Future

The deficit of receipts over payments for the year was £24,788 compared to a surplus of £8,198 for the previous year.

The Vestry will continue its range of present activities in the foreseeable future.

The Vestry has adopted a policy of trying to maintain a level of unrestricted reserves such as that in the event of a significant drop in income, the Church would be able to maintain its current level of activities for a reasonable period until replacement funding is obtained.

One of the principal funding sources is investment income from the portfolio of investments held together with the gains arising on such investments when sold.

The minister fund is currently supporting David’s Svihel’s relocation costs, salary, pension, rent, council tax, telephone and internet. There is also a fund for the building of the church hall. The current funds are split according to the donor’s wishes.

Statement of Responsibility of Vestry Members

The law applicable to charities in Scotland requires the members of the Vestry to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Church as at the end of the financial year and the surplus or deficit of the Church for that year. In preparing those financial statements the members of the Vestry are required to:

The members of the Vestry are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

Basis of Preparation

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

On behalf of the Vestry

And signed on behalf of the members

David Svihel

08 January 2026

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

INDEPENDENT EXAMINER’S REPORT TO THE VESTRY ON UNAUDITED FINANCIAL STATEMENTS OF CHRIST CHURCH, KINCARDINE O’NEIL

I report on the accounts of the charity for the year ended 30[th] September 2025 which are set out on pages 6 - 10.

Respective Responsibilities of Vestry and Independent Examiner

As described on Page 3, the Vestry members are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

The Vestry members consider that the audit requirement of Regulation 10 (1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with the Section 44 (1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with the Regulation 9 of the 2006 Accounts Regulations;

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed …………………………………………….. Name: Margaret Dow Address: 71 Raemoir Road Banchory Aberdeenshire AB31 5XQ 06 January 2026

Date: ……………………………………………….

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 30th SEPTEMBER 2025

Receipts
Donations
Collections
Tax Reclaimed (Gift Aid)
Bank Interest
Term Deposit Interest
Grants
Dividends
Legacies
Just Giving
Miscellaneous Income
Total Receipts
Payments
Bank Charges
Costs of Charitable Activities
Independent Examiner Fees
Donations
Total Payments
Surplus/(Deficit) for the Year
Net Movement in Funds
Transfer between Funds
Funds Brought Forward At 1st October 2024
Funds Carried Forward At 30th September 2025		 General
Funds
Designated
Funds
Restricted
Funds
Total
2025
Total
2024
4,050
1,350
1,000
6,400
2,540
5,389
-
-
5,389
4,630
-
-
-
-
1,874
1,432
-
-
1,432
1,734
-
-
-
-
4,122
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
480
-
-
480
151
237
-
-
237
2,381
11,588
1,350
1,000
13,938
17,432
63
-
-
63
62
18,153
19,294
-
37,447
8,707
220
-
-
220
215
996
-
-
996
250
19,432
19,294
-
38,726
9,234
(7,844)
(17,944)
1,000
(24,788)
8,198
(7,844)
(17,944)
1,000
(24,788)
8,198
-
-
-
-
-
27,503
128,053
6,581
162,137
153,939
19,659
110,109
7,581
137,349
162,137

Note : Cost of Charitable Activities (designated Funds) includes a rental property deposit of £1400 held by Safe Deposits Scotland.

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH STATEMENT OF BALANCES AS AT 30th SEPTEMBER 2025

Bank and Cash in Hand
Opening Balance
Deficit/Surplus
Transfer to Term Deposit
Closing Balance
Term Deposit
Opening Balance
Interest added in year
Term Deposit
Total Funds
Reserves
General Fund
Designated Fund
Restricted Fund
Total
Investments
Market Value at Beginning of Year
Investment Management Costs
Investment Income
Investment Income Withdrawn
Capital (Depreciation) / Appreciation		 2025
83,016
(24,788)
-
58,228
79,121
-
79,121
137,349
19,659
110,109
7,581
137,349
270,205
(1,636)
17,525
-
5,519
291,613		 2024
78,939
8,198
(4,121)
83,016
75,000
4,121
79,121
162,137
27,503
128,053
6,581
162,137
241,028
(1,550)
16,883
-
13,844
270,205

The Financial Statements on Pages 6 - 10 are approved by the Vestry and signed on their behalf by:

12 January 2026 08 January 2026 ……………………………………………….. ……………… ……………………………………………….. ……………. Fiona Strang Steel Date David Svihel Date Hon. Treasurer Hon. Chairman

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Docusign Envelope ID." OEo9C4D￿B19F￿s7￿A4B￿B4DO8237BA8 CHRISTCHURCH. KINCARDINE O'NEIL NOTES TO THE ACCOUNTS YEAR ENDED 30 SEPTEMBER 2025 l. Accounting Policies Basis of Preparation The accounts have been prepared on the receipts and payments basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 20081. the Statement of Recommended Practice- Accounting and Reporting by Charities issued in March 2(￿¥5 Ithe Charities SORP 20051. the Charities and Trustee Investment Iscotlandl Act 2WS and the Charities Accounts (Scotlandl Regulation5 21x16. The account5 tonsist of a summary of all monie5 received and paid via the bank in cash by the Church during the financial year alon8 with a statement of balances. No adjustments have been made for anv income due but received, or foi any expenses incurred but not yet paid at the year end. Except for the investments, fixed assets are not capitalised. Property The Church is not shown in the statement ol balances as the Vestry believes that it Is not POS5ible to place market value on it. The valuation on the building for insurance purposes is £3,660,¢JJ). Fund Accountlng Unrestricted funds are available for use at the discretion of the members of the Vestry in furtherance of the general objective5 of the charity. Designated Funds are unrestricted funds set aside to finance the engagement of the minister and to build a church hall. Restritted funds are subjert to restriction on their expenditure and represent the Income recovered specifically io finance particular projects. 2. Trustee Remuneratlon and Expenses None of the Vestry members received remuneration in respert of their position as Vestry members. Expense5 paid to Vestry members were as follows.. 2025 £0 2024 £0 3. Taxatlon The charity 15 exempt from tax due on incorne and gains falling within section 505 of the IncorTie and Corporation Taxes Act 1988 or section 256 of the T3xation of Chargeable Gains Act 1992 to the extent that these are applied to tts charitable objects. No tax charges have arisen in the charity-

Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 30th SEPTEMBER 2025

3
Costs of Charitable Activities
Quota
Minister's Expenses
Cost of Minister
Insurance
Professional Fees
Stationery and Books
Advertising
Secretarial Fees
Church Cleaning
Church Consumables
Church Repairs
Churchyard Maintenance
Organ Expenses
Organist Payments
Choir Costs
Light and Heat
Church Hall
Total Payments
4
Charitable Donations
Poppy Scotland
Horseback UK
Scotland's Charity Air Ambulance
Fareshare
Scottish Episcopal Institute		 General
Funds
Designated
Funds
Restricted
Funds
Total
2025
Total
2024
11,519
-
-
11,519
1,000
128
-
-
128
470
-
19,294
-
19,294
-
1,170
-
-
1,170
1,160
-
-
-
-
1,465
65
-
-
65
82
-
-
-
-
-
415
-
-
415
-
480
-
-
480
480
-
-
-
-
332
387
-
-
387
-
1,063
-
-
1,063
1,029
618
-
-
618
294
-
-
-
-
78
286
-
-
286
275
2,022
-
-
2,022
1,562
-
-
-
-
480
18,153
19,294
-
37,447
8,707
2025
2024
240
250
225
-
225
-
69
-
237
-
996
250

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Docusign Envelope ID: 0E09C4DB-B196-457B-A4B5-DB4D08237BA8

CHRIST CHURCH, KINCARDINE O’NEIL

4. Fund Movement Summary

Period: 1[st] October 2024 to 30[th] September 2025 Cash at bank and in hand

Fund Movement Summary

Period 1st October 2024 to 30th September 2025

Fund
Unrestricted funds
Designated Funds - Minister fund
Designated Funds - Hall fund
Restricted Funds- Hall fund
Represented by:
Cash at bank and in hand
Term Deposit		 Funds as at
01/10/2024
Surplus/(Deficit)
for year
Transfer
between funds
Funds as at
30/09/2025
£27,503
-£7,844
£19,659
£71,386
-£17,944
£53,442
£56,667
£0
£56,667
£6,581
£1,000
£7,581
£162,137
-£24,788
£137,349
£19,659
£30,988
£7,581
£58,228
£79,121
£79,121
£19,659
£110,109
£7,581
£137,349

The various funds are held for the following purposes:

Unrestricted funds

General fund - to support the work of the church.

Designated funds

The are two funds set aside, one to finance the engagement of a minister and the other to build the new church hall.

Restricted funds

This is for the building of the new church hall.

5. Related Party Transactions

There were no related party transactions in the year to 30[th] September 2025.

6. Quota

In 2024 the quota due was £8,801.09 and quota paid £1,000. In 2025 the quota due was £15,237.53 (£7,801.09 carried over from the previous year) and quota paid £11,519.31 (2024 outstanding balance plus six months of 2025). £3,718.22 is currently the balance owing.

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