Charity Reference Number SC003582 All Sai an. Church Wi￿Ni￿￿Fe_I[0wShj the arE ed t202 LCh￿￿11￿Lt Nioi8.IL&ERLIo￿ ' Curent the cor The Priest in Charge Vestrymeetings. IS 8x officio a memberofthe Vestryand chairs ADy61 Bank ofSGodand, 15 sil￿g¥ 8if¢¢l. Sirania DG9 7JA All Sainrs Episcopal Church. Challoch, Newton Siewarr DG86RB All Saints Episcopal Church, Challoch. Newton Stewart DG8 6RB All.Saint& E_p_iscopal Church with St Ninian's Fellowship Beport of.the Vestryfor the Year Ended 31" August 2024 The members ol tho Vestry presont their annual ropori IoÉethor wilh the financial statemonts for the year ended 31 August 2024. S_tiuc_ture and Governance In terms ol the Charilios and Trustees Investment {Scoiland) Aci 2005 and the Charities Accounts IScotl8ndl Regulations 2006 las amended) the Vestry reports to the congregation as follows:. 1. All Saints Episcopal Church with St Ninian's Fellowship is a registered Scottish Charity ISC003582) 2. It is a member of the Diocese of Glasgow and Galloway ol the Scottish Episcopal Church and is in full communion with the Anglican Church. 3. The superior8Uthorityis the Bishop of Glasgowand Galloway. 4. All of its affairs are governed by the Vestry. AA AJ Vestry members are elected or appoinred by the Annual Meeting established by constitution and under Canon Law of the Scottish Episcopal Church. There is no lormal induction Programme but ongoing guidance is given to ensure that Vestry mernbers are f8miliar with the church's values. aims 2nd responsibilities as the designated trustees of the charity. Adminis ra ive Structu It is the duty of the Vestry to manage the temporal affairs of Ihe congiegalion with responsibility to keep the fabric and property of the church and other tsuildings in good order and to look after the finances of the church. Sl.atemorLALRisk The Vestry keeps under review the major risks to which the church 15 exposed and has established procedures to mitigate any risks identified. Charitable Objectives and Activities The church's Principal wlctivities include public worship in sacrament cind pr¢iier. Christian education, social meoiin%s, chil ritablo Work and Iiindr¢iisinki for loc.I1, national And intern?lional npods E]nd othoi cvenis io oncournr,? oulioach io All Wilhin iho community. in The Vestry is grateful for the time freely given by a large number of volunteers, without whom many of the activilies would be unable to operate. R lat.ons wi ar Rev Dawn Matthew is Priest in Ch8rge of All Saints. Challoch and St Margarel's. New G8lloway.Shetookup herappointmenis on 18th February2023.Acostsharingagreement was agreed between the two Vestries and the Diocese on 261h January 2023. The agreement was reviewed in 202d, and. when implemented. with not have a material impact on the linan¢es of All Saints. Challoch. aret's C_hurch New Gallowa All Saints. ChaLLoch has been fortunate to receive a number of generous bequests in recent years. During 2023124 we have invested much of these funds in the Scottish Episcopal Church Unit Trust Pool and in Epworth Cash Plus Fund. This has increased our investment income during2023124. The church has. however. operated 8t a deficit during the year. following the appointment of a Priesl in Charge in February 2023. but the Vestry are committed to working to reduce the deficit. The Priest in Charge has developed a prograrnme of external facing events to improve our engagement with our wider community. chievements and The church continues to make its facilities available for use and provided worship for the whole communty-As well as sundayservices.we hold mid week Se￿iceS in church and weekly evening prayer services by zoom. During the year. we have restaned services at Whithorn onthe firstsundayofeach month. IA The f0llowingou￿ard facing events We￿ planned for 2024."- CreatNe Crafts Weekend in April Mid Summer Music Festival in July Flowerfest and Ploughman's Produce in September AIISaints and Angels in November Christmas: Posada in December which have helped to bring people into the church. During the summer v4e opened the church on Saturdays to visitors. Plans for Fut J_re Perio.ds The proposed budget for 2024125 will be submitted to the Annual General Meeting for approval. Itwill ieflect our aspirations to grow OUF mission and ministry. while keeping our costs under control. JLLILEJ)Ji £w_8l_C_h u rch w ain es The Vestry has adopte(i a policy of trying to maintain a level Df unrestricted reserves. whilst continuing to invest wisely to provide a yield. wh'ch. together with effe¢live cost control. should 8llowustoconDnuetoserve ourcommunitytorthe foieseeablefuture. th St Nini 's Fellowshi tatern nsi The members ofthevestrymusl prepare financial staternents whichgive sufficientdetail to enable an appreciation of thg transactions of the church during the finanGi81 year. The members ofthe Vestryare responsiblefor keeping proper accounting ￿cOrdS which. on request, must reftect the current financial position ofthe church at that time. This must be done tc) ensure that the financial statements comply with the Charities and Trustee Investrnent (Scotland) Act 2005 and the Charities AccoLnt5 (Scotland) Regulations 2006 (as amended). Theyare responsible for safeguarding the assets of the church and must take reasonable steps for the prevention and l or detectton of ftaud and other irregularities. On behalf of the Vestry, All Saints EP15copal Church with St Nlnlan's Fellowship Receipts and Payments Accounts for Year Ended 31 August 2024 2024 Notes Unfestricied Resiiicied 2024 2024 2023 Toial Toial RECEIPTS Con8Kegationaigiving Investment Income Otherchariiable activities Grant Aecetved Bequests É19.386 EIO,563 E723 £792 EO £20,178 £10.563 £723 £19.141 £4.752 E560 EO £0 £2SO £250 £1.901 £57.558 £83,912 £0 £0 £0 E30.672 £1.042 £31.714 Fundraising Events (net) Collections forcharilies Othercollections (net) io £727 £0 £727 £0 -É183 £0 £0 £0 -£183 380 £0 £0 Total Receipts £31.216 £1.042 £32.258 £83.532 PAYMENTS Clergylshare) Rectory (share) Diocesan Quota Propety Expenses Misc expenses Governance £17.866 £4,919 £4.060 £14.113 £1.312 £460 £17.866 E4.919 £4,060 £14,713 £1.504 £460 £10,983 £2.423 £2,221 £29.352 £3,046 £100 £0 £0 £600 £192 12 £0 £792 £42.730 £43,522 £48.￿5 Purchase of investments li £120,000 £0 £120,000 £75.000 Total Payments £162.730 £792 £163,522 £123,125 Surplus l (Deficit) for the year -£131,514 £250 -£131.264 -£39,593 Underlying Surplus / (Deficit) before investment purchases and bequests -Ell.514 £250 -£11,264 -£22,151 All.&aiDIt E•15oopa.LC li J24 iknreslr￿ied F*stricted 2023 Tolal Cash at b*k and In hand Toial Opènini 8ankStaternent 8al3nces Cash held at31 AugLLSt 2023 181.732 181.733 459 182,192 221.7 182.191 221.786 Cash hed 31 A￿g2023. banked6 Sem 2023 Invesrments Purchased Bequests Re¢•Ned UnderiyiDgRevenue Surpiusl {Def￿1t) Closing eank and Cash BalarKe -459 120.000 -459 120.000 75,000 57.557 -22.151 182.192 -11,514 SO218 250 250 -11.264 50.469 Investments Markelvaue at tr)eginningoltheyear Investment5 purchased UnreaDsed gainslliossesl inyeaT Maikeivalueat end of rheyear 151205 0,000 151.205 120.000 9.833 281.038 75,013 75.000 1.192 ISI205 ?Bl.028 epresentad ty SECUnitTIus1 Pwl 14915 uftit< -2013.. 2M unrts) EpworthCeshPIv5 Fund 146.038 146.038 76.3J5 135.000 281.038 135.000 281.038 75.000 151,205 Fund Balan¢e5 Al beginnin£ of year Banking re Eyioi year Beqlrests R￿e1ved Surpusl (De'icitl Movernent Inyesimenrs 333.396 459 313.396 .459 296.799 57557 -22.151 1.19? -11.514 9.833 250 -11.264 9.833 At end gf the ieaT 331.2S6 250 331.500 333.397 All Salnts Ep15copal church with St Ninian's Fellowship Roo£￿t￿al￿PaYMeDtS￿C¢oUnts.f0[.year.End.ed. 11 Augus12024 Notes to the Accounts l. Accounting Poticies The accounts have been pfepared on a receipts and payfflents basi5. No adiustmenls have been made for income due but not yet received. nor for any expenses Incurred but not yet paid at Ihe end of the accounting year. The Church is noi shown iri these accounts but is held In the name otthe Diocesan Trustees. Maintenance costs are Wfltien oft when paid. These accounts are presented on a receipis and payments basis as gloss income foilhe year wa5 less than £250,000. 2. Restatement ol comparaiive ligure5 There have been some errors in prior year accounts. The bank balances are correct bul the presentation of income and expenditure has been liawed. As a result Ihe 2022123 figures have been restated. 2024 2024 Unrestiicred Restiicted 2024 Total 2023 3. Congregational Giving Pledgerj Giving Open Plale Tax Recialmed Donations 9565 9585 2182 7200 6259 2965 2182 3393 4246 19386 3393 792 792 5038 20178 2717 19141 4. Invesirneni Income UnilTrust Cash Fund Bank Inieie 3302 5324 1937 10563 3302 5324 2252 1126 1937 10563 1374 4752 5. Colleciions for other chaiilies Balance held al the siart of the year Receipt5 from colleclionslsecond Sunday sales P¢tyment5 to chaiities Olwhich paid fiom Church lund5 Balance held al the end ol ihe year 227 227 104 1208 1391 1208 1391 1549 1929 504 47 47 228 llS_aint&LE isu_al.Qtwtch_-W.ith_S￿i.nia_￿&[lojVStsip Notes to the Accounts (Cont.) 6. Other Collections Receipt5 Paytnents Balance held ai the end olthe year 7. Clergy Stipend Loculn Travel E¥penses Recruilmenl Costs Training and Development 120 120 120 120 Issoo 15500 7500 105 796 2582 1816 1816 550 550 17866 17866 IOS83 8. Reciory CouncilTax Insurance Heating Oil Repairsand Mainienance 2386 213 213 210 2320 4919 2320 4919 1729 2423 9. Pioperty Expenses Rerpairs and Maintenance Organ Maintenance Insurance Electricity Purchase and fitting out of shed 150thAnnJveisary Wall Hanging ECO 2589 600 3189 14846 198 1813 1813 1709 9580 7354 7354 2156 2156 2849 170 201 14113 201 14713 600 29352 lo. Fundraisingevents Incorne Expenditure Funds Raised 11. Purchase of Investments SEC Unit Tnjst Epworth Cash Fund 742 15 727 742 15 727 60000 60000 60,000 60,000 120000 75.000 75000 120000 12. Governance Indepen(ient EM3miner Leeal loo 360 460 loo loo J60 460 loo 11 Recei ts dPa ounts foryear Ende 31A ust 20 Notes to the Accounts (Cont.) 13. Related PartyTran5actions No iemuneration has been paid. duringthe year. lo a charity trustee or anyone connecled to a charity truslee otherthan the stipend paid to Ihe Priest in ChaFge. In addition ro the reimbursementof expenses lo the Priest in Charge as In Note 7. expendituie was reimbursed to one tTUStee amountingto £158 12023 fourtnjslees £3631. s disc105ed in theTwstees Report. there is a c05t sharing agreementwith St MaTgarefs, NewGalloway and the Diocese of Glasgowano Galloway. Under ihis agreementAII Sainis. Challoch. St Margaret's. New Gallowayand the Diocese of Glasgow and Galloway agree to share a number ofjoini Costs such as stipend, pension contributions. Iravel and sub5iStence. training and developmentand the cost ol the ctory in NewG8lloway. Duiing 2023124the toial of such payments made to Sl MargaTeis amounted to £702512023 £5024}. Independent Examiner's Report to the Trustees of All Saints Episcopal Church with St Ninian's Fellowship I report on the accounts of the charity for the year ended 31*1 August 2024 which are set out on pages one to three. Respective responsibilities of trustees and examiner The charity's trustees 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 (as amended). The charity trustees consider that the audit requirement of Regulation10(I) (d) of the 2006 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 examinerfs statement My examination is carried out in accordance with Regulation11 of the 2006 Accounts Regulations. 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 examinerfs statement In the course of my examination, no matter has come to my attention lother than disclosed below'] 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 to prepare accounts which accord with the accounting records and comply with Regulcltion 9 of the 2006 Accounts Reglilations have not been met. or 2. to Whic￿ in my opinion, attention should be drawn in order to ro er understanding of the accounts to be reached.