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Ye rEn st The members of the Vestry present their annual report together with the financial statementsfor the year ended 31 August 2025. In terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 (as 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 ofthe Diocese of Glasgow and Galloway of the Scottish Episcopal Church and is in fullcommunion wtth the Anglican Church. 3. The superior authority is the Bishop of Glasgowand Galloway. 4. All of its affairs are governed by the Vestry. fv IA Vestry members are elected or appointed by the Annual Meeting established by constitution and under Canon Lawof the Scottish Eptscopal 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. Str It Is the duty of the Vestry to manage the temporal affairs of the congregation with responsibility to keep the fabric and property of the church and other buildings in good or(ier andto lookafter the finances ofthe church. en The Vestry keeps under review the major risks to which the church is exposed and has established procedures to mitigate any risks identified. of Risk Charit tiveLdActlvitjes an The church's principal activities include public worship in sacrament and prayer. Christian education. social meetings. charitable work and tundraising for local, national and international nee(is and other events to encourage outreach to all within the community.
int Voluntee The Vestry is grateful for the time freely given by a large number of volunteers. without whom manyotthe activitieswould be unable to operate. with ret, Rev Dawn Matthew is Priest in Charge ot All Saints, Challoch and St Margaret's, New Galloway. She took up her appointments on 18" February 2023. A cost sharing agreement was agreed between the two Vestries and the Diocese on 26" January 2023. The agreementwas ieviewed in 2024. hurch Nefftll All Saints. Challoch has been fortunate to receive a number of generous bequests and donations in recent years. During 2024125 we received Restricted Donations totslling £10.475which are specificalLy to contribute towards stipend costs. Duringtheyear, the church made a cash deficitof£10,603on unrestrictedfunds-in part due to repairs and maintenance costs during the summer. This was slightly better than budgeted however this cash deficit was offset by unrealised gains of £14.658 on the investments held bythe church. Thus, the totslfunds held bythe church increased from £331,507 to £344.037. The next quinquennial survey falls due in 2026 and this may lead to additional maintenance expenditure. We continue to run a small number of events to increase ourengagementwith the local community and to raise funds. chievem nts and Performance The church continues to make its facilities available for use and provided worship for the whole community. Aswell as Sundayservices. we hold mid week services in church and weekly evening prayer servlces byzoom. The following outward facing events were planned for 2025:_ Mid Summer Music Festival in July Flowerfest and Ploughman's Produce. Doors Open Heritage & Haest in September All Saints and Angels in November Christmas: Posada in December which have helped to bring people into the church. During the summer we opened the church on Saturdays to visitois.
11 h with Plans for Future Periods The proposed budget for 2025126 will be submitted to the Annual General Meeting for approval together with an in(Jicative budget for 2026127. It will reflect our aspirations to grow our mission and ministry. while keepingour costs undercontrol. Rev Dawn Matthew joined us as Priest in Charge on 18 February2023- initiallyfor a three year period subjectto a review. Reserv The Vestry has adopted a policy of trying to maintain a Level of unrestricted reserves. whilst continuing to invest wisely to provide a yield, which. together with ellective cost control, should allow usto continue to serve ourcommunity for the foreseeable future. tat nt f Vest mber's re ities The membersofthevestrymust preparefinancialstatementswhichgive sufficientdetaiL to enable an appreciation of the transactions of the church duringthe financiaLyear. The members ol the Vestry are responsible for keeping properaccounting recordswhich. on request. must reflect the currentfinancial position of the church atthat time. This must be done to ensure that the financial statements compLy with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amendedl. They are responsible for safeguarding the assets of the church and must take reasonable steps for the prevention and l or detection of frau¢J and other irregularities. On behalf of the Vestry. Vestry Secretary 29 October 2025
All Salnts Eplscopal Church wlth St Nlnlan's Feltowshlp Recelpts and Payments Accounts for Year Ended 31 August 2025 2025 2025 Notes Unresiricted Restricied 2025 RECEIPTS 2024 Total Total ConETegational giving Investmerst Income Other charitable acttvities Grant Received Bequests É20.744 £10.475 £11.675 £0 £350 £0 £31.219 £11,675 £350 £0 £20.178 £10,563 £0 £0 £250 £0 £0 £32.769 £10.475 £0 £43,244 £0 £31,714 FurNJraising Events Inetl Collections lor Charities Other Collections Inetl £713 £615 £0 £0 £713 £615 £727 £0 £0 -£183 £0 Total Receipts £34,097 EIO.475 E44,572 £32258 PAYMENTS Clergy Isharel Rectory {share) Diocesan Quota Property Expenses Misc expenses Governance £17,040 £2.027 £5.728 E18,818 £937 £2.0 £0 £19.040 £2,027 £5.728 £18,818 £937 £17.866 £4,919 £4.060 E14.713 £1.504 £460 £43.522 £0 £0 li E150 £0 £2.000 £150 £44.700 £46.700 Purchase of investments io £35.000 £0 £35,000 £120.000 Total Payments £79,700 £2.000 £81.700 £163.522 Surplus l {Deficit) forthe year -£45.603 £8.475 -£37,128 -£131.264 Underlying Surplus I (Deflcit) before investment purchases and bequests -É10,603 £8.475 -É2,128 -É11.?64
Swment f B Cash at bank and In hand 2025 Unrestrlcted Reslricled 2024 Total Total Opening Bank Statement Balance5 Cash heldat31August2024 E50.219 £250 £50,469 £181.733 E459 É182.192 £50.219 £250 £50.469 Cash held 31 Aug 2024. banked 6 Sept 2024 Investments Purchased Bequests Received Underlying Revenue Surplus I (Deficit) Closing Bank and Cash Balance È35.000 £0 -£459 £120,000 £0 -£11,264 £50.469 £0 £35,000 £0 £0 £8.475 42,128 £8.725 £13.341 -£10,603 £4.616 Investments Market Value at beginning ofthe year Invesiments purchased Unreaused ganS I Ilossesl in year Market Value at end otthe year £281.038 £35.000 £14.658 £330,6 £0 £281.038 £0 £35,000 £0 £14.658 £0 £330.696 £151,205 E120.000 £9,833 £281.038 Represented by SEC UnitTrust Pool 14915 unilsl Epworth Cash PIusFund £160.696 £0 É160.696 £146,038 £170.000 £330,696 £0 £170.000 £0 £330,696 £135,000 £281.038 Fund Balances At beginnlng of year Banking re piioryear Bequests Received Surpu¥ I (Deficit) Movement in Investmenls É331.257 £250 £331.507 EO £333.397 -£459 to £0 £8.475 -£2,128 £0 £14.658 £0 -£11.264 E9.833 -É10.603 £14.658 Al end ol the year £335.312 £8.725 É344.037 É331.507 Approved bythe Vestry on 29 October 2025 and slgned on their behalf Treasure( Chali
All Sain15 Eplscopal Church wlth Sl Nlnlan's Feuowshlp Notes to the Accounts l. Accounting Policies The accounts have been prepared on a receipts and payments basis. No adjustments have been madefor income due butnotyet received. norfor anyexpenses incurred but notyet paid at the end of the accounting year. The Church is not shown in these accounts but is held inthe name ofthe DiocesanTrustees. Maintenance costs are written ottwhen paid. These accounts are presented on a receipts and payments basi5 a5 gross income forthe year was less than £250.000. 2025 2025 Unrestricted Restricied 2025 Total 2024 2. Congregaiional Giving PledEed GTvTnE Open Plate Tax Reclaimed Donations £12,290 £4,501 £3.672 £281 £20.744 £0 £12.290 £0 £4.501 £3.672 £10,475 £10.756 £10.475 £31.219 £9.565 £2,182 £3.393 £5,038 £20.178 £0 3. Investment Income UnitTrLFSt £4.866 £6.117 £692 £11,675 £0 £4,866 EO £6.117 £0 £692 £0 £11,675 £3,302 £5.32d £1,937 £10,563 Cash Fund Bank Interest 4. Colleclions for othei Charle$ Balance held at the start of the year Receipts Iiom collection5 Payment5 to charilies 01 which paid from Church lunds Balance held al the en(i of the year £47 £0 £0 £47 £227 £825 £825 £1.208 £1.391 £3 £210 Eo £210 £0 £0 £0 £662 £0 £662 £47
11 li Notes to the Accounts (Cont.) 5. Other Collections Receipt5 Payments Balance held atthe end ofthe year £0 Éo EO £0 £120 £0 Éo £0 £0 £120 £0 EO 6. Clergy ipend Travel Expenses Training and Development £14.682 £2.358 Éo £17,040 £2.000 £16,682 £0 £2.358 £0 £0 £2.000 £19.040 £15.500 £1.816 £550 £17.866 7. Rectory CouncilTax £1.548 £217 £0 £0 £1.$48 £217 £2,386 £213 Insurance Repairs and Maintenance £262 £2,027 £0 £0 £262 £2.027 £2.320 £4.919 8. Property Expenses Refpairs and Maintenance Orgark Maintenance Insurance £8,267 £372 £1,853 £8.326 £0 £0 £0 £8.267 £372 £3,189 £0 £J.853 £8.326 £0 £1.813 £7.354 £2.156 £201 Electricity Puichase and fitting ourol shed ECO EO £0 £0 £18.818 £0 £0 £18,818 £0 £14,713 9. Fundraising events Income Expenditure Fund5 Raised 10. Purchase of Inveslmenis SEC Unit Trust Epworth Cash Plus Fund £774 £0 £774 £742 £61 £0 £61 £15 £713 £0 £713 £727 £0 £0 £0 £60.000 £60,000 £120.000 £35.000 £35.000 £0 £35.000 £0 £35,000 11. Governance Independent Examiner Legal £150 £0 £150 £100 £0 £0 £0 £150 £360 £150 £0 £460
ain isc it St inia hi Notes to the Accounts (Cont.) 12. Related PartyTransactions No remuneTalion has been paid, during the year. to a charlty trustee or anyone connected to a charity trustee other Ihan ihe stipend paid to the Priest in Charge. In addltion to the reimbuisement ot expenses to the Priest in Charge as in Note 6. expenditure was reimbursed loMotTUStees amountingto £10812023 one trustees £158). As disclosed in theTrustses Report. there is a cost sharing agreementwith St Margaiet's. New Galloway and the Diocese of Glasgowand Galloway. Under this agreement Ali Saints. Challoch. St Margarets. New Galloway and the Diocese of Glasgow and Galloway agree to shale a number of Joint costs such as stipend. pension contributions. travel and subsistence. training and development and the cost ol the rectory in New Galloway. Duiing 2024125 the total of such payments made to St Margarets amounted to £474812024 £70251.
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" August 2025 which are set out on pages five to nine. 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 Regulation 10(I) (d) of the 2006 Accounts Regulations does not apply. It is my responsibi5ity 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 Consequent I do not express an audit opinion on the view given by the accounts. Independent exarninerfs statement In the course of my examination, no matter has come to my attention [other 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 Regulation 9 of the 2006 Accounts Regulations have not been met or Page10
- to which, in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name.. Gordon James Reid evanfprofessional qualification/professional body. MAAT Address.. The Cottage Auchenmalg Glenluce Newton Stewart DG8 OJR Date: 30th October 2025 Page11