Charity Reference Numbei.. SC002152 St Clement's Episcopal Church Mastrick, Aberdeen Report Of The Trustees & Financlal Statements For the Year Ended 30 September 2024 BAITh HEN REID CHAR TÈRED ACCOUNT ANTS 4 Wesl Craibsione sireèt Bon-Accord Square Aberdèèn A81 1 6YL Telephone 01224 $9022T Facsimlle 01224 S75409 e-m8il.- aberdeen bainhbnryrèid ¢o.uk Websit8-. bainh•nryreld.co.uk 190 at Pèierh8ad. Turrlll and Ellon St Clement'5 E isco al Church Contents Of The Financial Statements For the Year Ended 30 Se tember 2024 Page Trustee5 Report Independent Examiners Report Receipt5 & Payments Account Balance Of Statements Notes To The Financial Statements St Clement's E isco Trustees Annual Re al Churth ort For the earended 30 Se tember2024 The members of Vestry present thelr annual reporl togeiher wlth the financial statements for the year ended 30 September 2024. LEGAL AND ADMINISTRATIVE INFORMATION Inde endent Examiner Bain Henry Reid Chartered Accountants Aberdeen Bankers Clydesdale Bank plc l Queen's Cross Aberdeen AB15 4XU Church Addre55 Mastrick Drive Aberdeen AB16 6UF St Clement's E isco Trustees Annual Re al Church ort For the ear ended 30 Se tember 2024 STRUCTURE AND GOVERNANCE In term5 of the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006, the Vestry reports to the congregation as follows.. St Clement's Scottish Episcopal Church, Aberdeen is a re8lStered Scottish Charity ISC0021521. It is a member of the Diocese of Aberdeen and Orkney of the Scottish Episcopal Church and is in full communion with the Anglican Communion. The superior aL¢thority is the Bishop of Aberdeen and Orkney. All its affairs are governeil by Vestry Appointment ofvestry Members Vestry members are elected or appointed by Annual General Meeting established by constitution and under Canon Law of the Scottssh Episcopal Church. There is no formal induction programme 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. All vestry members remain the same from last year. Nobody was required to stand again and there were no further requests to join the vestry. We intend to continue with the present vestry for this year. Administrative Strurture It is the duty of the Vestry to mana6e the temporal affairs of the congregation with responsibility to keep the fabric and property of the church and other buildings in good working order and to look after the finances of the church. Bishop Anne is the curate's Training Incumbent, in addition to being the Rector. Statement of Risk The Vestry keep5 under review the major risks to which the church is exposed and has established procedures to mitigate any risks identified. The quinquennial review of the buildinES was carried out during the preceding year, and a work programme agreed to meet the review recommendations. There was no urgent priority work required to be carried out. Volunteers The Vestry is grateful for the time freely given by a large number of volunteers, without whom many activities would be unable to operate. Volunteers for our holiday lunch club came from our own congregation and also from the congregation of St Devenick's in Bieldside. We are grateful for their support. Charitable Activitie5 The main activities were to undertake Christian worship and education. for the benefit of the tongregation and the local community. A service is held each Sunday mornirbg. An additional expense continued this year being the repair and restoration of the Lady Chapel Tapestry to her former glory. In the current year we received a grant of £2,IJXJ towards the restoration costs. St Clement's E isco Trustees Annual Re al Church ort For the e3rÈnded 30 Se tember2024 Charltable Attlvlt1¢5 Icontinued) We have also been increasing our congregation numbers which has the affect of giving a feel good feeling and all bears well for the future. The Mothers and Toddler5 group has been goin8 from strength to strength and can have up to 20 mums and children on a Monday and Wednesday morning. The hall is used by a line dancinE group on a Monday evening. A Slimmer's Club use the facilities all day on a Tuesday. Once again a group whlch supports (he church through rent and voluntary help. The Friendship Club meets on a Wednesday afternoon. This is our latest project which has been well received and the number of people attending is increasing week on week. We also had a number OF one off hires of the hall for blrrhday parties and other party type5. Financial Review The accounts show an overall deficit for the year of £1,54212023 deficit £7.2381: a deficit of £1,542 on unrestricted funds and a surplus of £nil on restricted funds. Reserves We will continue to adopt a policy of trying to maintain a level of unrestricted reserves such a5 if we experience another lockdown and our income is reduced again the church will be able to maintain its eurrent level of activities that we mi8ht be able to do. Plans For The Future We have started our campaign to return the church to its proper place in the community and hope that the hard work we have started will give more in the future. Statement of the Vestry Member's Responsibilities The members of the Vestry musi prepare financial statements which glve sufflcient details to enable an appreciation of the transactions of the church during ihe financial year. The mernbers of the Vestry re responsible for keepin8 proper accounting records which, on request. must reflect the current P051tion of the church at that time. This must be done to ensure that the financial statements comp with the Charities and Trustee Investment Istotlandl Act 2IXJ5 and the Charities Accounts (Scotlandl Regulations 2006. They are also responsible for safeguarding the a55ets of the church and must take reasonable steps for the prevention andlor detection of fraud and other irre8ularities. Approved by the Truslees, and signed on their behalf, Truslee Date.. IN RI'II) Inde endent Examiner's Re rt to the Trustees of St Clement's E isco al Church I reporl on the £ccount5 of the charlty for the year ended 30 september 2024 which are set out on pages 7t09. Res ective Res onsibilities of Trustee5 and Examiner The charity's trustees are responsiblè for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl ResulatiOf15 2006. The Charity's Irusiees consider thai the audit requlrement of Regulatlon Iolllldl of the Accounts Regulations does not apply. It is my responsibility lo examine the accounts as required under section 44 llllcl of the Act and to state whether particular matters have come to my attention. Basls of Inde endent Exarnlner'5 Sratement My examination is carried out in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006. An examination includes a review od the accounting records kepi 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 maiters. The procedures undertaken do not provlde all the evldence thai would be requlred In an audit, and consequently I do not express an audit opinion on the view given by the accounts. endent Examiner's Statemen In connection with my examination, no matter has to my attention.. which Elves me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with Section 44llllal of the 2005 Act and Regulaiion 4 of the 2Th)6 Accounting Regulations, an(J • to prepare accounts which accord with accounting records and Cornp￿ with Regulation 9 of the 2006 Accounting Regulations have Trot been met, or to which, in my opinion, attention should be drawn in older to enable a proper understandin8 of the accounts to be reached. Nam Relevant profe55ional body.. Address: The Institute of Chartered Accountants of Scotland Bain Henry Reid 4 West Craibslone Street Aberdeen ABII 6YL Dale: h%ip* H¥NID RI 11) St Clèment's E al Church Recei ts&Pa ments Account For the Year Ended 30 Se isco tember 2024 Unrestrirted Restricted Funds Funds 2024 2023 Notes RECEIPTS Freewill Offering Open Plate Donations Grants Received Rental Income Other Income Parents & Toddlers Investment Income 1,572 1,240 127 1,572 1,240 127 9,500 16,108 510 1,240 1,327 65 2,065 17,316 9,500 16,108 510 46 29,103 46 29,103 43 22,056 PAYMENTS Insurance Property Repairs Heat, Light & Water Rates Garden & Grounds Maintenance Donations Clergy c05t5 Altar expenses Catering Costs Cleaning Costs Miscellaneou5 Expenses Quota Independent Examiners fees Legal fees Restoration expenses CommL¢nion costs 1.862 9,046 8,829 721 808 384 1,862 9,046 8,829 721 808 384 2,002 2,414 3,986 4,270 340 300 227 89 347 263 3.495 1,050 4,110 6,401 137 484 806 536 4,071 600 137 484 806 536 4,071 600 1,453 908 30,645 1,453 908 30,645 29,294 Surplus/lDeficitl for the year 11,5421 11,5421 17,2381 St Clement's E isco al Church Statement of Balan￿$ as at 30 Se ember 2024 Unrestricted Restricted Funds Funds 2024 2023 Notes Bank and Cash Balances Bank and cash balances at start of year SurplusllDeficill for the year Bank and cash balances at end of the year 14,367 11,5421 12,825 3,188 17,555 11,5421 16,013 24,793 17.2381 17,555 3,188 Investments SEC Unit Trust Pool 1,617 1,617 1,403 Other Assets Church building & contents Grants receivable 7,500 7,500 Liabilities Independent Examiners fees 660 660 600 St Clèment's E al Church Notes To The Financial Statements For the Year Ended 30 Se tember 2024 isco l The Church at Mastrick Drive 15 owned by St Clement's Vestry. A valuation has not been included in the Statement of 8alances, as in the opinion of the Vestry, the cost of a professional valuation would be disproportionate to the benefit gained by users of the accounts. This practite is in line with the treatment of buildings valuation throughout the Diocese. The valuation of the building- assessed by our insurers- for insurance purpose5 is £2,800,000.