**Charity registration number SC003632 (Scotland)**
## **SCOTTISH EPISCOPAL CHURCH**
## **SAINT ANDREW'S EPISCOPAL CHURCH**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
(Appointed 5 January 2025)
**Charity number (Scotland)** SC003632
**Principal address** 9 Queens Terrace St. Andrews KY16 9QF
**Independent examiner**
Bird Simpson & Co 144 Nethergate Dundee DD1 4EB
## **SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 8|
|Independent examiner's report|9|
|Statement of financial activities|10|
|Balance sheet|11|
|Notes to the financial statements|12 - 21|
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
The trustees present their annual report and financial statements for the year ended 30 September 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the church's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the and of the incoming resources and application of resources of the for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 1 -
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT (CONTINUED)**
_**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **Objectives and activities**
The charge of Saint Andrew’s St Andrews is established for exclusively charitable purposes, primarily for the advancement of religion and to provide public benefit. The expression “charitable purposes” shall mean charitable purposes as defined in Section 7 of the Charities and Trustee Investment (Scotland) Act 2005 as amended from time to time (“the 2005 Act”) which are also regarded as charitable purposes in relation to the application of the Taxes Acts from time to time in force.
## **Achievements and performance.**
I customarily begin my Rector’s report with some statistics garnered recently for submission to the Diocese in preparation for next year’s meeting of the Diocesan Synod. As ever, these are both interesting and of limited usefulness in gauging the life and health of the congregation, offering as they do a snapshot of a moment in time rather than any sense of organic process over time, and disguising some things in the process. Nonetheless, for what it is worth, I supply them again here.
Between Advent Sunday 2023 and the Eve of Advent 2024 there were 112 services of Holy Communion held within the congregation and a total of 5342 communions made. (Out of interest, that’s two fewer celebrations and seven extra communions made – so, fairly static, for good or ill). Additionally, we had 3 baptisms and 4 funerals (the lowest number of funerals for several years). There were no confirmations and no weddings held in the course of the past twelve months.
Attendances at Sunday worship are more or less in line with the pattern in the previous couple of years, with an average attendance at the 10am eucharist of 90 -110 people including those who join us online via the livestream (a small number view the service online later in the week). Our 5pm service of Choral Evensong continues to thrive, and numbers this year have been slightly higher than last year, though the regular congregation remains relatively small. The Friday morning eucharist now enjoys a congregation of 15-20 regulars, this number gradually growing as some folk find it easier to manage Friday at 11am than Sunday morning. While it remains fully integrated within the wider congregation this weekly gathering also has a feel of ‘community’ about it, with most of those attending (including visitors) remaining for 30 minutes or so of refreshment and conversation afterwards. Another, much smaller group with a sense of its own identity within the larger whole is the Wednesday evening service of Compline held online, attended by 8 or 9 regulars.
At the beginning of this year the Vestry submitted a ‘Five-Ten Year Plan’ requested by the Bishop, and as part of that I undertook an analysis of the congregational list. This was quite revealing, although in addition to some surprises in broad terms it confirmed an underlying trend that was already familiar. Surprising, perhaps, was the fact that 57% of those on the list were under the age of 60 (including 26 children) among whom the majority were under the age of 35. Among the 43% of those over the age of 60 the majority were 75 years or older. From these figures let me draw just a few observations: There is a ‘missing’ cohort in the age range 35-75. In the life of any congregation, these are the decades in which members generally find themselves better able to offer financial support via regular freewill offering and their time/energy/expertise to undertake voluntary roles. We are currently experiencing a deficit in both respects, and we shall have to address this. The other interesting statistic indicates that longer-term town residents account for c.70% and student families for c.30% of the congregation. Placing this statistical ‘snapshot’ on a timeline to reflect change might reveal the following. The cohort of those aged over 60 is of course shrinking at an unpredictable rate. Retirees moving into the town and joining the congregation does not match the rate of attrition due to deaths. The number of younger members remains fairly stable despite the transience of our student cohort. Those who graduate and move on are generally replaced by incomers who settle with us early in the new academic year. Most ‘new’ members are accounted for by relocating the baptised, rather than success in drawing in the unbaptised or long-term lapsed. We still need, therefore, to reckon with the challenge of our witness and welcome to the ever-increasing number of those in the town who know little of the life-changing gospel of Christ.
- 2 -
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Part of th8 purpose of th& 'FlTen Year Plan, mentioned earfier is to encourage congregations lo gel lo grips with
this challeng• and to make whatevèr practical adjusbnants may bost enable a meaningfvl and timèly respons& to it.
Of th8 tan 'stratagic proposals, listad in our own plan Ithe full plan was includèd in tha Junè 2024 adition of 'Th• N•t'
and is availablè on r8quastl wa hava alrèady made substantial prograss with at laast thre• of thèm= th8 rènawal of
the lighting in church and the refvrni5hing of the Nave will cgrtainly bengfrt our own use of the building for worship,
but in time i( will also facilitate drawing others into what is now a much more accessible and available space.111 is
pleasing lo note that since the work was completed in mid-November.
Wa have alrdY hosted a photographic 8xhibrtion and I havo rac8iv•d a flurry of 8nquiri•s about the possibilty of
using tha church building for 'community' avènts of on8 sort or anothar.l third initiativè ralatad to plan is our
rècènt appointment of Dan Dragè as artist-in-rosidèn¢•, a ministry which is both inward and outward fa¢ing and
should serve lo increase the congregation'5 engagement with and within the town. These are merely 51ep5 Ithough
significant ones) in the direction of developing our witness and welcome to the community and will moke
difference only as we, as a congregation. continue lo grow in failh and obodienc8 lo the call lo that discipleship for
vthich our baptism marks us out.
My thanks ara duo again thi$ yéar lo all thosa who sham with mo règulat1y in •x•rcising tho ministry of word and
$•¢ram•nt al Saint Andr•w'$ Church, $pr•ading the load and granting m• $om• fl•xibilty in my diary, as wèll as
providing a vital collegiality and encouragement in what can otherwisg be a lonely and daunting role a5 Rector.
Thank you loo to th050 undertake various olhor roley in tho congrogalion's life and without whoso conlribulKJn
things would quickly grind lo a halth•ther that is in worship, th8 work of nurture, adminislralion. or tha
practicalili8s of keeping our buildirKJ On.
Particular thanks Its m•mb¢r$ of th• V•$ty aftor what has been a v•ry l)ugy yoar in one way or anothor,. a 9ClaI
thank you lo
whose tem on V¢sty has noiv ended, and to tho$• ol¢¢l¢d al this m••ting lo
serve for the nex
Inally, my por50nal thank5 10
who, de5pits having sleppod back from th•
role of Treasuror durin9 tho yoar, hold that position with distinction
or tho first half of it and has continued since lo
undertak8 various key duties rolat8d to finance, onabling th8 V8slry s work to proc88d', and to
our V8sty
S•cratary, without wh¢yJ8 wisdom, wit, and commthent to tha task th8 role of Ractor would bè consi
èrably lass of
Joy and a privileg¥ th•n il ¢ontinu•$- •v•n aft¥r fv/elve •v¥ntlul y•4rs- of ¢ours• to bel
e'iv years
Bl Vestry Report
Rlchard Scotcher (Secretary to the Vestry}
It has begn a busy year and the work of your Vestry may summarised as follows=
A. Compo$ltlon and meetlng$.
There are currently 10 members of the Vestry of which The Rector and Secretary have no limit5 on the duration of
their membership. The ConslrtulK)n provides that other member5 normally serve for 3 years bul are eliqible for
further election ono yoar Iheroafter. At this meeting wo say goodbye I
who is starting a p8riod of training for ordination. It would not be possi
or t
urc
unction e
eclive
out thè timè, èxperience and input that thesa mèmbèrs of thè congregation have freèly givèn. We offèr our
sincère thanks for all that they have ¢¢)ntributed. In •ddrtion, we ¢ongr•tulat
upon her boing a¢¢epted a$
candKJale for ordination.
There are now 3 Vesty pos15 lo be ffilled at this meeting.
In July
resigned from his rol8 of Treasuror and mombor of the Vestry.
has played
most impo
an
pa
e of the congregation for many years and his contribution to t
èstry is grealjy
missed. However, ha has vary kindly continuèd to play an activa part in tho financial affairs of tha Church
community as book-keèpèr, at least until a new Trèasurer has en appointed. This gènèrosity of spirit is very much
appreeiatèd. A nèw Trèasurer aLrtomatically COmeS an Èx-tsffieio mèmkr of thè Vèsty whèn aPPntèd.
There have been 6 meetings over the course of the year. Zoom meetings, while convenient, have been replaced by
in-person meetings which are felt to conslilule a more efficient melhs>J of conducting business.
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **B. Work undertaken during the financial year.**
## **I. The north and south aisles.**
The financial year started with a small fall of the Victorian ceiling plaster in the north aisle in November. An inspection of the defective ceiling panel was undertaken and it was immediately apparent that several panels would have to be replaced. The inspection was expanded to include the south aisle and it was found that in all 53 panels would require replacement. The work was completed in February.
## **II. Asbestos.**
Health and Safety legislation require us to have an Asbestos survey and linked report which should be produced to any contractor undertaking work on the fabric of the building. A limited survey of the blower unit of the organ was undertaken some years ago and a potential area of concern boxed in. A survey of the remainder of the Church and Hall was undertaken just before Christmas and the entire premises are now known to be free of Asbestos other than as previously mentioned. Certification to this effect has now been obtained.
## **III. Lighting.**
The church was closed for a period of 3 weeks including 2 Sundays in May/June to allow for a new lighting system to be installed. During this time the two 10 am Sunday services were held at the Botanic Gardens. This change of scene proved to be a great success despite a violent tempest while using the outdoor marquee on the first Sunday. The second Sunday service was held in the newly completed Boiler House when it was warm and sunny! There have been suggestions that a Service could be held at the Gardens again next year.
## **I. Heating.**
The radiators in the nave have been relocated to the north and south walls and additional radiators installed. There has been an immediate improvement in the temperature when the church is in use, and an apparent increase in the ambient temperature at other times. At the same time the old and inefficient heating thermostat has been replaced by a Nest system to bring it into line with the thermostats used in the Hall & offices.
The SEC requirement is for us to reach net zero emissions by 2030. Thus Vestry has a duty to keep our heating arrangements under review. Accordingly, there is a Vestry sub-group looking into more efficient and cheaper ways of church heating and this will continue in the New Year.
## **V. The Kitchen.**
A professional deep-clean of the kitchen took place in January with a similar deep clean of the oven undertaken in February. An inventory of kitchen crockery and equipment is scheduled for the New Year.
## **VI. The drains.**
In March, a blockage of the drains was located on Church lands and a root ball cut out and removed. There is some evidence of a potentially more severe blockage possibly caused by the tree roots along the southern boundary of church lands, but this is not causing a problem at the moment, but should be kept under review.
## **VII. The Rectory.**
A claim for the Vestry to contribute towards the cost of removing the diseased ash tree to the west of the Rectory Garden was successfully contested at a saving of some several thousands of pounds. Some trees on the retained land are to be pruned entirely at the expense of the adjoining landowners to the north.
- 4 -
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
C. Work planned for 2025
l. The malntenanee of the exterlor masonry of the church.
Thè 2023 Quinquannial R8vi•w highlightad thè datariorating CeditiOn of the stowOrk, jointing and skèwing along
all alavations. An intèmal rèport producad during 2024 and adoptèd by Vèstry d8eidèd that it was likèly that
undgrtaking ?11 the rgmgdial work required would be loo costly to undortake al Ihg presgnl timtr. Accordinqly. an
indicative estimate for the repair of the north, east and soulh-easlem elevations was commissioned.
Nicoll Russell Studios has now been engaged as supervising Church Archilecl. Further detailed es
Ima
6s are
currently bèing sought- a minimum ol 8stimat8s bèing r8quir8d in support of grant fvnding applications- and it
is anticipated that ramodial work will commonca in tho lata Spring. Considoration 18 currontly bèing given to 88curing
som& grant funding.
11. The Rose Wlndow sltuated In the eastern elevatlon.
The Quinquennial review also advised Seeking a professional surv8y of tho Roso window which was thought to b•
bowing oubward. Accordingly, tho lona Glass Art Company was commissioned lo undortake a reviow and prepare
report. This showed that the condition of tha window was not so sev8r8 as al first thought. but that some r8sloralKJn
and claaning was r8quirèd. Suth worf( 1$ $ChUled to tsk• pla¢0 at the same limo as tho ropointing to mak* u$9 of
the in-pl•¢• Scaffolding.
D. In concluslon.
Sl Androws Episcopal Church is largo both in building and community outroach.11 is opon IhroughoLrt the year and
provid85 a very high18v81 of service in both spiritual and secular matters. This would not b8 possible without tha
input. tim• and effort of many p8opl8 from thosa k88ping th8 church clean lo th8 provision of music. worship,
flowèrs, r&frèshm8nts, maintanancè. odministration and many oth8r sorvicès. An ènormous dabt of gratitud8 1$
ow•d lo all th080 wl)o holp lo make St Andraws the suc¢o8$ that il is, and for this I thank each and evoryone.
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Flnanclal revlew
The Treasurer resigned in July 2024 over an issue conceming procurement. As yet no replacement appointment
has been made so the vesty has only 2 Church Officers and nobody responsible for ffinance. This report has been
prepared by the past Treasurer. wtho was in post for most of the year.
Tho Annual accounts proparod by th• accountsnt are attached. Unlass you aro Skill in reading thasa, thèy will ba
vary opaqua. l offar th8 following summary=
Thor¢ are tr0 kind$ of funds:
Unroslriclod- the normal operating income arKI expenditure of the Church
R8strict8d . w• taka in money to pass on lo a particular cause. In most cases th
of rostrictsd funds balanca.
incom8 and 8xp8nditu
Th¢ Totsl ¢xpendituro1£276,3091 ¢ov•r$ all ¢xp¢ndilur•. Th• Total in¢om•1£165,4061 cov¢r$ all in¢om¢ •x¢¢pl that
Iran5f?rr?d from selling inveslments1£112,0001. To get *n of the balance on our day lo day operation5, tho
lolal income including that from selling inveslm8nls is £277,406 leading lo an operating surplus of £1,097
1£277,408- £276.3091. This compar88 wf(h a d8ficit of£ 7,338 pr•did8d in the budget s8t for tho year.
Not Movgmont of lunds show$ th•t the valuo ol our ovorall financial •ss•ts ha$ boon rgducèd by £74,473 during th•
year, This is bo¢•u$o of the $ale of inv¢$lmonl$. Thi$ number i$1oss than tho £112,000 that w• drow down from
inve$tm•nts and Snt on th¢ IKJhl$ and deposit on the nav• proj•¢l b¢¢au$¢ tho inv•stm•nl$ tM501v#S havo
p•rform•d woll during th• y•ar,
By and large, th• income and 8xp8nditur8 under most h•adings is as 8xp•ct8d. Th• bNo 8xc8ptional lunplannedl
itèms w8r8 paymant to mplacè parts of Ihè cèilings in the sido aisl88 after somo f811 down1£11,317, for which VAT
wa$ ro¢l•imodl and • g¢norou$ 1oga¢y of £10,000 from
These ¢x¢oplional i1om$
CoMwntOd almost exactly for one another.
In common with accounting practice, the flat in Chamberlain Sl 15 valuod at th• pric• w• paid for il £60,679.
How•v•r, noto 13, points out that the flat has r8c8ndy b88n valued al £225,000.
Investments
General
Tho Investment portfolio is v•lued at £183,461 a$ ag•inst £259,030 in September 2023. The dhferen¢e arises
btr¢•use w• drew down £112,000 for the light$ and part of the navo projtrel. Tho much $mallgr diff¢r$neo in
valuation arises b8cau58 the portfolio performed well in 2023-24, increasing in valu8 by arourKI 10 '
Wo should be aware that a further £79,000 has already beon drawn down in 2024-25 for complolion of tho nav
project, making the current valuation ca. £104,000 Adding this to the valu8 of the flat in Chamberlain St,
1£225,000} makas tha total Iquid assets of tho Church ca. £329,000.
Income
The income from the inve3lmenls £7,796, very similar lo that for last ye•r1£7,9821. Because of the much lower total
value of the investments. it is anticipated that the income from this Source wll be very significantly reduced in 2024-
25.
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Going conGem
A look ahead to 2024-25
Making reasonable estimate5 about how Incon and expenditure will change befvleen 2023-24 and 2024-25, leads
lo a projected deficit of £21,500. The Vestry are currently considering what, rf any, action lo lake lo ameliorate this.
Repairs to the Rose window, repointing of the Church walls and changes to the heating are all under discussion. All
of thos8 would raquire additional drawdown of funds from inv8stm8nts, although some grant income mwht b
forthcoming.
Thanks
11 is wth great sadness that I hav¢ rolinquish•d to post of Tr•asur¢r, although l shall ¢ontinu¢ to do th• book-
keeping. While I was Treasurer, I had tremendous gupport from Richard Scolcher in his role a5 Vestry Secretary.
Anh Vo keeps 8v8rylhing running very smoothly Irom the Church Office and
sl does a magnificent job in
claiming Gift Aid. H8 has r8c8ntly start8d daiming quarterly rath81 than yaarly. w
as mad• a huge drft8r8ncè lo
th8 cash flow of th8 Church.
All Ve$try m*mb•rs have b••n highly 8upportlVo and $p•¢ial vot•$ of Ihanks go lo
provid¢$ u$ with $u¢h ox¢¢llont mu$1¢ of many difforonl l¢rn$ on an entirely volunt•ry basis an
who does a fanla$tie job with the Childrèn, very ably supportod by many olhor mèmbors of th¢ Congregation.
who
Structure, governance and management
In terms of Th8 Charities Accounts (Scollandl R8gulalions 2006 {as amondedl, the Vosty r8POrts to tho
congragalion as follows..
Tho Irust•o8 who sorvod durin
tho
oar ar up lo the dato of signature of tho financial Statements wore:
IR•$ign•d 12 July 20241
IAppoint¢d S January 20251
Rgcruitmenl and appoinlmgnl ortNslees
Tho Church of Saint Androw's, St Androws is an unincorporated association, govemed by a Constitution last
am8nd•d in March 2016. For tho purposos of charityès law, tho members of th8 Vesty aro the Charity Trust88s of
tha Church. Tho Church is a member congregation of the Diocese of St Androws, Dunkeld and Dunblana in th
Scottish Episcopal Church which. in tum, is a Mamr of tha world-widè Anglican Communion. The Bishop of St
Andrews, Dunkeld and Dunblane ha$ pastoral ovèrsight of all congratIOnS wthin the diocèse, and all
congregations are subject lo Canon Law of the Scottish Episcopal Church. The members of the Vesty nornially
hold office for three years and are elected al the Annual General Meetsng.
Apart from a moral obligatKJn to pay Quota to the Diocese. there are no matorial transactKJns with any othor
connectad or associated body.
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Irustee5' report WlJ5 approved by the Board of Tru5tee5.
Tiustee
Tiustee
31 January 2025
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF scorrisH EPISCOPAL CHURCH
I report on the finanual statements of the for the year ended 30 September 2024. which are sel out on pages 10
to21.
Respectlve responslbllltles ol trustees and examlner
Tha 's trustaès arè responsibla for tha praparation of tha financial statemonts in accordanca with tho tarms of th•
Charitias and Trust8a Inv8stmants IScoUandl Act 2005 and tha Charitias Accounts (Scotlandl Ragulations 2006.
The charty's trustees consider that the audit requirement of Regvlalion 1011 Ila) lo Icl of the 2006 Accoun15
Regulation5 does not apply. 11 is my responsibility lo examine the financial statements as required under Section
4411 Ilcl ol the Act and lo stste whether parkn"cular matters have come lo my attention.
Basls of Independent examlnefs statement
My examination is carrd out in accordance with Regulation 11 of the 2006 Accounts R8gulalions. An
@xamination includes a review of the accounting records k8pt by the charty and a comparison of the financial
statemants pr•s8ntèd with thos8 rècords. It also includ8s consid8ration of any unusual itams or disclosurès in tha
finan¢ial $tat¢m¢nt$, and $•¢k$ ¢xplanations from th¢ tru$tO0$ ¢on¢¢ming any $u¢h matt¢rs. Th¢ pro¢¢dur•$
und¢rtak•n do not provid• all ovidenco that would rUir0d in an audrt and w)$wu•ntly I do not ¢xpro8$
n audit opinion on Ihg viow given by the financial slalomgnl5.
Independent examlnerfs statement
Your attention is drawn lo th8 fact that tho charity has prepared financial 8tal8m8nls in accordanc8 with
Accounting and reporting by Charities preparing their accounts in accordanc8 with tha Financial Reporting
Standord applicabla in th• UK and Republic of Iraland IFRS 1021 in pr8far•nc8 to Accounting and Reporting
by Choriti•s'. Ststèmènt of Rècommènd Pra¢ti¢o i$$ued on 1 April 2005 which is r•l•rr•d to in the oxtanl
rogulali¢n$ bul hag now b••n withdrawn.
undorstand that this has boon dono in order for the financial slalemenls lo provide a true and fair view in
accordance with Genorally Acceptod Accounting PractiCO 8ff8Ctiv8 for roporting poriods beginning on or after 1
January 2015.
In conmclion with my •xamin•ts)n, no other matter oxe•pl that r•f•rrod to in tho previous paragraph ha$ come to
my attents'on..
lal which give$ me reasonable cau$¢ lo lieve that in any material respect requiroment$'.
to ka8p accounting racords in accordance with sèction 44111 (al of the 2005 Act and R•gulatKin 4 of
thè 2006 Accounts RÈgul•tions', and
li1} to prepare financial statomgnts which accord with th8 accounting rocords and comply with Ragulalion
8 of thè 2006 Accounty Regulat'on$',
hav8 not been mgt or
Ibl to which, in my opinion, attonlion should be drawn in order lo •nablo a propor understanding of the
financial statements lo bo r8achod.
Bird Simpson & Co
Dated.. 31 January 2025
## **SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
117,865
-
Charitable activities
**4**
27,775
11,970
Investments
**5**
7,796
-
**Total income**
153,436
11,970
**Expenditure on:**
Charitable activities
**6**
272,391
3,918
**Total expenditure**
272,391
3,918
Net gains/(losses) on
investments
**11**
36,430
-
**Net income/(expenditure)**
(82,525)
8,052
Transfers between
funds
(7)
7
**Net movement in**
**funds**
**8**
(82,532)
8,059
**Reconciliation of funds:**
Fund balances at 1 October
2023
333,920
1,158
**Fund balances at 30**
**September 2024**
251,388
9,217|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
117,865
112,986
-
39,745
22,227
8,818
7,796
7,983
-
165,406
143,196
8,818
276,309
146,109
11,847
276,309
146,109
11,847
36,430
13,376
-
(74,473)
10,463
(3,029)
-
(13,110)
13,110
(74,473)
(2,647)
10,081
335,078
336,567
(8,923)
260,605
333,920
1,158|**Total**
**2023**
**£**
112,986
31,045
7,983|
|---|---|---|
|||152,014
157,956|
|||157,956|
|||13,376|
|||7,434
-|
|||7,434
327,644|
|||335,078|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 10 -
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Notes
Flxed assels
Tangiblo assets
Investments
13
14
60.679
183.461
60,679
259,030
244,140
319,709
Current assets
Debtors
C45h at bank and in hand
15
6,846
11,638
5.407
11,220
18,484
16.827
Credltors: amounts falllng due wlthln
one year
16
12,0191
11.2581
Nei Current assets
16.465
15,389
Total assets less current Ilabllltles
260.605
335,078
The funds of the
Restricted incom8 funds
Unr¢$lri¢l¢d fund$
17
18
9.217
251,388
1,158
333,920
260.605
33S,078
Trustee
Trustee
11
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
The Church of Saint Andrew's is registered with the Scottish Charity Regulator (OSCR) .
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the 's [governing document], the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
## **1.4 Income**
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 12 -
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
No depreciation charged
Freehold land and assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 13 -
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the ’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Donations and gifts|107,865|112,986|
|Legacies|10,000|-|
||117,865|112,986|
- 14 -
## **SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
|**3**|**Income from donations and legacies**||**(Continued)**|
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Donations and gifts**|||
||Donations|14,102|30,099|
||Covenants and gift aid|73,529|62,436|
||Income tax recovered on covenants/gift aid|20,234|20,451|
|||107,865|112,986|
|**4**|**Income from charitable activities**|||
|||**Total**|**Total**|
|||**2024**|**2023**|
|||**£**|**£**|
||Offertory|5,763|5,700|
||Envelope scheme|1,594|6,064|
||Plants & produce/coffee morning|893|665|
||Hall letting|10,804|5,128|
||Chamberlain street letting|4,800|4,305|
||Cares-solar panel fund|-|102|
||Choral scholarship fund|1,380|1,260|
||Other income|14,511|7,821|
|||39,745|31,045|
||**Analysis by fund**|||
||Unrestricted funds|27,775|22,227|
||Restricted funds|11,970|8,818|
|||39,745|31,045|
- 15 -
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **5 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Income from unlisted investments|7,786|7,982|
|Interest receivable|10|1|
||7,796|7,983|
## **6 Expenditure on charitable activities**
||**Expenditure**|**Expenditure**|
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|**Direct costs**|||
|Provincial and diocesan quota|18,718|15,541|
|Clergy costs|45,486|43,444|
|Property expenses|167,676|43,019|
|Church expenses|21,580|14,912|
|Administration expenses|9,135|15,740|
|Charitable donations|900|11,463|
|Miscellaneous|2,171|6,516|
|Children's work and youth work|9,856|6,567|
||275,522|157,202|
|**Share of support and governance costs (see note 7)**|||
|Governance|787|754|
||276,309|157,956|
|**Analysis by fund**|||
|Unrestricted funds|272,391|146,109|
|Restricted funds|3,918|11,847|
||276,309|157,956|
## **7 Support costs allocated to activities**
||**Expenditure**|**Total**|
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Governance|787|754|
- 16 -
scorrisH EPISCOPAL CHURCH
SAINT ANDREW'S EPISCOPAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Net movement In funds
2024
2023
Tho nèt mov•M•nt in funds is Stat aftèr chargingllcroditing}'.
Fees payable for the independent examination of the charitys financial
statements
787
754
Trustees
by virtue of his appointment as Rector was a Trustee of the Church. In
Induding p8nsion conlribulionsl of £45,48612023.. £43,444) in his rol8 as
the year
e receive
Ractor of Church.
remunera
ion
10 Employees
Tho av8rag8 monthly number of amploy88s during the year was..
2024
Number
2023
Number
Th•r• w•r• •mployee$ whos• annual r•mun•r•tion was mor• than £60.000.
11 Galns and losses on Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Gainslllo85081 arising on..
Revaluation of invoslments
Sale of investments
24,257
12,173
13,378
36,430
13,376
12 Taxatlon
Tha charity is exempl from tsxalion on its activrties because all its income is applied for tharitablo purposos.
17-
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **13 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Freehold land**|
||**and buildings**|
||**£**|
|**Cost**||
|At 1 October 2023|60,679|
|At 30 September 2024|60,679|
|**Carrying amount**||
|At 30 September 2024|60,679|
|At 30 September 2023|60,679|
The property has been revalued in October 2024 by Thorntons. The revaluation of the property is £225,000.
## **14 Fixed asset investments**
|**Cost or valuation**
At 1 October 2023
Valuation changes
Disposals
At 30 September 2024
**Carrying amount**
At 30 September 2024
At 30 September 2023
**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
**16**
**Creditors: amounts falling due within one year**
Other creditors|**Unlisted**
**investments**
**£**
259,030
24,257
(99,826)
183,461
183,461
259,030
**2024**
**2023**
**£**
**£**
6,846
5,407
**2024**
**2023**
**£**
**£**
2,019
1,258|
|---|---|
- 18 -
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **17 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 October**|**Incoming**|**Resources**|**Transfers**|**At 30**|
|---|---|---|---|---|---|
||**2023**|**resources**|**expended**||**September**|
||||||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|Mothering Sunday Fund|655|-|(49)|-|606|
|Choral Scholarship Fund|(223)|1,380|(2,646)|-|(1,489)|
|Prayer Books|491|52|-|-|543|
|Butterflies|225|243|(323)|-|145|
|Calendars|10|11|-|-|21|
|Coffee Morning/Appeals|-|893|(900)|7|-|
|Nave refurbishment|-|9,391|-|-|9,391|
||1,158|11,970|(3,918)|7|9,217|
|**Previous year:**|**At 1 October**|**Incoming**|**Resources**|**Transfers**|**At 30**|
||**2022**|**resources**|**expended**||**September**|
||||||**2023**|
||**£**|**£**|**£**|**£**|**£**|
|Music Fund|-|-|(1,022)|1,022|-|
|Mothering Sunday Fund|700|-|(45)|-|655|
|Organ Scholarship Fund|1,008|-|(1,500)|492|-|
|Choral Scholarship Fund|1,110|1,259|(2,592)|-|(223)|
|Tradecraft|(86)|998|(912)|-|-|
|Ukraine Collection|(527)|-|-|527|-|
|Care-Solar Panels|(11,029)|102|-|10,927|-|
|Anne Tyne For Marie Curie|55|-|(55)|-|-|
|Prayer Books|(257)|748|-|-|491|
|Butterflies|103|273|(151)|-|225|
|Calendars|-|10|-|-|10|
|Coffee Morning|-|665|(665)|-|-|
|Bowlby|-|80|(175)|95|-|
|Unicef|-|353|(400)|47|-|
|Sylvia Draper|-|4,330|(4,330)|-|-|
||(8,923)|8,818|11,847|13,110|1,158|
- 19 -
**SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **18 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
General funds
**Previous year:**
**At 1**
General funds|**October**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Gains and**
**losses**
**At 30**
**September**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
333,920
153,436
(272,391)
(7)
36,430
251,388
**October**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Gains and**
**losses**
**At 30**
**September**
**2023**
**£**
**£**
**£**
**£**
**£**
**£**
336,567
143,196
(146,109)
(13,110)
13,376
333,920|
|---|---|
## **19 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 30 September 2024:**
Tangible assets
60,679
-
Investments
183,461
-
Current assets/(liabilities)
7,248
9,217
251,388
9,217
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 30 September 2023:**
Tangible assets
60,679
-
Investments
259,030
-
Current assets/(liabilities)
14,211
1,158
333,920
1,158|**Total**
**2024**
**£**
60,679
183,461
16,465|
|---|---|
||260,605|
||**Total**
**2023**
**£**
60,679
259,030
15,369|
||335,078|
## **20 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 20 -
## **SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **21 Direct link**
The Charity operates a bank account on behalf of Direct Link a Charity registered in Scotland(SC02011). The funds within this account are legally those of Direct link and therefore not included in the Church balance sheet. As at 30th September 2024 the balance on the account was £14,443.62. Income and expenditure will be included in the accounts of Direct Link.
## **22 Analysis of changes in net funds**
The had no material debt during the year.
- 21 -