St. Cuthbert's Scottish Episcopal Church
Receipts and Payments Accounts
Year ended 30th September 2025
Charity No: $C003140
St. Cuthbert's Scottish Episcopal Church Reference and Administrative Information Year ended 30th September 2025
Charity Name: St. Cuthbert's Scottish Episcopal Church Charity Registration Number: $C003140 Charity Trustees: i ee
Independent Examiner PF Deans Chartered Accountants and Business Advisors 27 North Bridge Street Hawick TD9 9BD Bankers Royal Bank of Scotland 35 Bank Street Galashiels TD1 1EP Church Address Slitrig Crescent Hawick TD9 0OEN —_ _
St. Cuthbert's Scottish Episcopal Church Annual Report of the Members of the Vestry Year ended 30th September 2025
Introduction
The Vestry presents the annual accounts of St. Cuthbert's Church for the year ending 30th September 2025. We are a small, friendly congregation whose objective is to advance the mission of the Christian Church through worship, service and fellowship based on the traditions of the Scottish Episcopal Church. We aim to do this through supporting church members in worship, prayer and study and encouraging new members wherever possible. This Annual Report and Accounts present a summary of our financial activities and gives an overview of the general activities taking place in the church's life over the past year.
Structure, Governance and Management
St. Cuthbert's is an unincorporated association, governed by a constitution last amended in 2010. As a member congregation of the Diocese of Edinburgh in the Scottish Episcopal Church, it is also governed by Canon Law of the Scottish Episcopal Church. The management team of the church is known as the Vestry and for purposes of Charities Law the members of the Vestry are the Charity Trustees.
Appointment of vestry members
The congregation in an annual meeting elects ordinary Vestry members who usually serve for a term of 3 years. A Chairman, a Lay Representative and a Peoples Warden are also elected to serve on the Vestry. An alternative Lay Representative is also elected but this is not a vestry position. A Secretary and Treasurer arc appointed by the Vestry. New vestry members are given information outlining their roles and responsibilities, and the Diocese offers regular training days. The Vestry Secretary regularly updates members on relevant changes in legislation and best practice relating to charities.
Activities and Achievements
We are enjoying working with and getting to nvii iii our priest-in-charge. Our joint services with Jedburgh have been held every two months (usually on the first Sunday) alternating between the two charges, including a farewell visit by Bishop John in July. Although each vestry continues as a separate entity, we have held some joint meetings to share with each other and agree joint matters.
In St. Cuthbert’s this past year we have continued to hold two services each week , a Sung Eucharist or Service of the Word on Sundays and a midweek communion on Wednesdays, also a monthly Taizestyle service on a Sunday afternoon. Special services are held at the major festivals, we run a full set of Holy Weck services. Coffee and tea is served at the back of the church after both Sunday and Wednesday services, giving a time for fellowship. The church is open twice a week as a "quiet space" for any who wish to use it. The Tuesday coffee morning continues with a core regular group, as well as others who "drop in". We have held several “all-age” activity mornings: Christingle, Mothering Sunday, building an Easter Garden, craft activities based on being Living Stones, and decorating the church for harvest festival, and were pleased that several children (with parents) joined us as well as unaccompanied adults.
Study groups are held during Advent and Lent, and occasionally at other times during the year holds a monthly service at Deanfield, a local care home, and this has been well received by the residents. Since last October we are also temporarily hosting St. Mary and St. David’s Roman Catholic Church as their own building has been declared unsafe.
Wilf's Place Since 1 July 2025, St Cuthbert's is in a new relationship with the Episcopal Fresh Expression of Church, Wilf's Place, led by Church Army Evangelist ter Church Army closed the Borderstwo years Centre to enable of Mission, this ministrythe Diocese to coiinnof Edinburgh found itselfholds able a bishop's to support license a part-time for this post for ministry as part of the overall ministry of St Cuthbert's Church in Hawick and district. | his line-manager. Wilf's Place holds ring-fenced funds within the St Cuthbert's accounts, for which a written agreement has been produced which has been submitted as part of the financial auditing process. Wilf's Place meets weekly at the Harrier Club Rooms for worship and discipleship, at the Burnfoot Community hub for a weekly Toddler Group, and is involved in many diverse ways in the local community following the ‘loving and serving' principles of a Fresh Expression. [ind GB upport and encourage each other in their ministries.
Buildings
The usual maintenance work of roofs and gutters has been carried out. Work on the west wall has been delayed due to difficulties in getting long term estimates in the current financial and building climate, such estimates are required by grant-making bodies and are being actively pursued, although paused until the Quinquennial report.
Mission
We continue to support 2 charities on a regular basis, Bn South Africa and Tear Fund, and donated £985 this year. We support the local Food Bank with donations of food at our harvest service and a collection point for food donations during the rest of the year. Income St. Cuthbert's relies heavily on the generosity of its congregation for most of its day to day funding. Bank interest and investment income help. The total income for this year was £38,834. In the past, the church has benefitted from legacies. It is hoped to - generous legacy for some reordering and improvement of the Church interior, in particular improvement oftoilet and catering facilities. The Diocese are contributing towards the cost of ministry for 3 years as part of their Investment in the Future.
Rectory
While we are still responsible for the insurance of the building, we do receive periodically from the Diocese excess rental income after any costs are deducted.
Reserves
St. Cuthbert's reserves fall into the category of unrestricted and restricted funds. Unrestricted funds can be spent on any relevant activity; restricted funds can only be spent on defined activity. The restricted funds are very mucha legacy of the past. The vestry has adopted a policy of trying to maintain a level ofunrestricted reserves such 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 could be obtained.
Investments
Monies not needed to fund day to day expenditure are invested in M&G Charifund, and a fund operated by the Scottish Episcopal Church. These provide income as well as possible capital growth.
Vestry responsibilities
The Vestry are responsible for managing and safeguarding the assets of the church and assist the Priest-in-charge in matters affecting the spiritual welfare of the congregation. They are also responsible for keeping proper accounting records and ensuring that the accounts are prepared in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Vestry regularly considers the risks faced by St. Cuthbert's and ensures that appropriate risk management procedures are in place to mitigate those risks.
Relationship with Diocese and Province
St. Cuthbert’s is supported by the Diocese and the Province through the pastoral oversight of the Bishop, central support functions provided at Diocesan fevel and grants from central funds. The church is represented at Diocesan level by the Priest-in-charge and the Lay Representative. Tim Hatton from Wilf’s Place is the Border Area Council's elected member Lay member at General Synod and thus also a member ofDiocesan Synod. As a member of the SEC, St Cuthbert’s has an obligation to contribute to the costs of the Diocese and the Province through payment of an annual "Quota". This amount is based on the relative level of income of the church in comparison with that of other churches in the Diocese and Province.
Conclusion
We thank i her leadership and encouragement and look forward to our continuing working together. We are also very grateful to the retired clergy and members of the congregation who lead worship for us. And finally, thank you to all members who commit time, energy and money so generously to ensure the continuation and development of St. Cuthbert’s as a centre of worship and service to the community.
St. Cuthbert's Scottish Episcopal Church Independent Examiner's Report to the Vestry of St. Cuthbert's Scottish Episcopal Church Year ended 30th September 2025
I report on the accounts of the charity for the year ended 30th September 2025 which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The church's 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 church's 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 cxamination 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: : to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
' to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to- in 7 attention should be drawn in order to enable aproperunderstanding Address: Deans Chartered Accountants and Business Advisors 27 North Bridge Street, Hawick, TD9 9BD
St. Cuthbert's Scottish Episcopal Church Receipts and Payments Account Year ended 30th September 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|General|Fabric|Total|Total|
|2025|2025|2025|2024|
|£|£|£|£|
|Receipts|
|Donations|received|
|Voluntary Income:|
|Gift Aid Donations|7,597|0|7,597|6,992|
|General Donations|3,995|0|3,995|2,225|
|Tax Reclaimed (Gift Aid)|1,945|0|1,945|2,251|
|Receipts|[from]|[Investments]|Grant from Diocese|13,500|0|13,500|10,542|
|Tnvestment Income|5,151|0|5,151|4,605|
|Bank Interest|1,174|0|1,174|1,363|
|Other Receipts|
|Fees|600|0|600|600|
|Roman|Catholic Church Rent|1,020|0|1,020|0|
|Diocese|- Rectory rent|3,852|0|3,852|3,233|
|Total|Receipts|38,834|0|38,834|31,811|
|Payments|
|Payments|for Charitable|Activities|
|Clergy Costs|22,110|0|22,110|18,217|
|Quota|2,569|0|2,569|2,773|
|Property Expenses (Note 3)|18,824|0|18,824|20,598|
|Administrative|Expenses (Note 4)|1,728|0|1,728|1,733|
|Other Expenses|(Note|5)|2,016|0|2,016|3,113|
|Governance Costs|-|Independent Examiner's|Fee|120|0|120|726|
|Total Payments|47,367|0|47,367|47,160|
|Deficit/Surplus of|Receipts over Payments for 2025|(8,533)|0|(8,533)|(15,349)|
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St. Cuthbert’s Scottish Episcopal Church Statement of Balances
Year ended 30th September 2025
| GeneralFund | Fabric | Fund | Total2025 | Total2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Bank and Cash in Hand | |||||
| OpeningBalances | 83,609 | 3,218 | 86,827 | 102,176 | |
| Surplus/(Deficit) forYear | (8,533) | 0 | (8,533) | (15,349) | |
| Transfers | 0 | 0 | 0 | 0 | |
| Closing Balances | 75,076 | 3,218 | 78,294 | 86,827 | |
| Investments | |||||
| OpeningMarketValue | 136,741 | 0 | 136,741 | 120,507 | |
| Purchased inYear | 0 | 0 | 0 | 0 | |
| Unrealised Gain/(Loss) inYear | 11,995 | 0 | 11,995 | 16,234 | |
| Closing Market Value | 148,736 | 0 | 148,736 | 136,741 | |
| TotalAssets | 223,812 3,218 227,030 223,568 —S>SSSSIISoIoIL SSS —[aRNanannnnneee=ESES |
Approved by the Trustees on
(3th|23 and signed on their behalf
St. Cuthbert's Scottish Episcopal Church Notes To The Accounts Year ended 30th September 2025
1. Funds
The various funds are held for the following purposes:
Unrestricted Funds
General Fund - to support the work of the Church.
Fabric Fund (Restricted Fund)
Specific donations and bequests for the maintenance of the Church buildings.
2.
Trustee Expenses
Remuneration
None of the vestry members received remuneration in respect of their position as vestry members.
Property Expenses
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|---|---|---|---|---|
|2025|2024|
|£|£|
|Heat,|Light & Power|6,029|6,160|
|Insurance|3,509|3,428|
|Church Repairs|1,131|929|
|Expenses|re:|Jedburgh Rectory|6,087|7,683|
|Cleaning|1,690|1,678|
|Pipe Organ|378|720|
|18,824|20,598|
|————————————|
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Administrative Expenses
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Printing,|Postage &|Stationery|309|219|
|Telephone|152|142|
|Advertising|339|314|
|Bookkeeping|5H|616|
|Meeting|costs|165|185|
|Salary|- Admin|252|189|
|Equipment|68|
|1,728|1,733|
|eee|
|2025|2024|
|£|£|
|Mission/ Appeals:|Raphael/ Tear Fund|800|820|
|Church Army|-|1,000|
|Other Donations|185|97|
|Altar|Costs|-|267|
|Church Music|-|100|
|Worship|- Other Costs|1,031|829|
|i—————————2,016|ee|__3,113 ——.._}|
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Other Expenses
St. Cuthbert's Scottish Episcopal Church Hivestments Yel¥ ended 30th September 2025
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|---|---|---|---|---|---|
|2025|M&G investment fund|SEC|unit trust|Total|
|Opening market value|24,785|111,956|136,741|
|Unrealised gain/|(loss)|1,689|10,306|11,995|
|Closing market value|26,474|122,262|__ 148,736|
|2024|M&G investment fund|SEC|unit|trust|Total|
|Opening market value|23,354|97,153|120,507|
|Unrealised gain/ (loss)|1,431|14,803|16,234|
|Closing market value|24,785|111,956|136,741|
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