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← St Andrews Episcopal Church: St Andrews

2025-09-30-accounts

SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees

Revd Canon Professor Trevor Hart Professor Alan Werritty Rachel Hart (Appointed 5 January 2025) Mr John Matthews (Appointed 30 October 2025) Dr J Pettegree (Appointed 8 December 2024) Dr C McGladdery (Appointed 8 December 2024) Mrs E Fairlie (Appointed 8 December 2024) Mr G Garman (Appointed 8 December 2024) Mrs A Stewart Dr D Thejus Mrs A Holsteen

Charity number (Scotland)

$C003632

Principal address 9 Queens Terrace St. Andrews KY16 9QF

Independent examiner BK Plus Limited 144 Nethergate Dundee DD1 4EB

SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH CONTENTS

Page
Trustees' report 1-6
Statement oftrustees' responsibilities
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notestothefinancialstatements 10-18

SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 i ee

The trustees present their annual report and financial statements for the year ended 30 September 2025.

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'scharity 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:

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.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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. | customarily begin my Rector’s report with some statistics garnered from the registers for submission to the Diocese in preparation for next year’s meeting of the Diocesan Synod. As ever, these are interesting but of limited usefulness as a gauge of 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, and disguising some things in the process. Nonetheless, for what it is worth, | supply the figures again here. Between Advent Sunday 2024 and the Eve of Advent 2025 there were 113 services of Holy Communion held within the congregation and a total of 5533 communions made. Additionally, this year we recorded 4 baptisms, 3 weddings and 3 funerals. There were no confirmations this year, but | admitted a number of members of the Young Church to Holy Communion on Easter Sunday. Attendances at Sunday worship are 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. Our weekly service of Choral Evensong continues to thrive, though the regular congregation remains a relatively small one. The Friday morning eucharist now enjoys a congregation of 15-20 regulars, this number gradually growing as more 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 its own distinct 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 brief Wednesday evening service of Compline held online, attended by 8 or 9 regulars.

Despite relative stability of numbers on all fronts there continues to be a considerable change in the congregation’s makeup hidden behind the statistics.

Twelve years ago when | was instituted as Rector, the congregation consisted largely of members aged over 60 years, with a much smaller number of younger members. These proportions have shifted considerably and continue to do so. The number of those aged over 60 is of course shrinking predictably albeit at an unpredictable rate. The number of retirees moving into the town and joining the congregation does not match the rate of attrition due to deaths. The number of younger members, though, has grown significantly, the most significant evidence for this being the ‘buzz’ in our Sunday morning worship when the Young Church members join us at the Peace.

Most, though by no means all, of our young families are with us courtesy of university programmes of study, which means that their presence is fleeting rather than long-term. But those who graduate and move on are generally replaced by incomers who settle with us early in the new academic year. While this is something to celebrate, it means that most ‘new’ members are still to be accounted for by relocating the baptised, rather than success in drawing in the unbaptised or long-term lapsed. We still need, therefore, to 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.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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Part of the purpose of the ‘Five-Ten Year Plan’ adopted by the Vestry in 2024 is to help us get to grips with this challenge and to make whatever practical adjustments may best enable a meaningful and timely responseto it. These are merely steps (though significant ones) in the direction of developing our witness and welcome to the community and will make a difference only as we, as a congregation, continue to grow in faith and obedience to the call to that discipleship for which our baptism marks us out. Society, it seems, is changing ever more rapidly, and in ways that often feel insufficiently considered, the result of knee-jerk reactions to political pressure and the desire to conform rather than the fruit of careful, reasoned conversation or debate.

This is worrying for various reasons, socially and ethically. For us, | think, it may present some serious challenges, including the challenge as the church not simply to rush to conform in a misguided attempt to be ‘relevant’. That is, and always has been, a temptation for the Christian church in its mission to the world. But, in reality, the church’s relevance lies precisely in its faithfulness to Christ even when that appears to call for a stand to be taken against the wider patterns of culture. Working out what that means in particular instances is the dififcult task to which we are called, and sometimes the result of such prayerful and careful reckoning may compel us to stand up and be counted. That sort of witness is always costly, and sometimes the cost is too great for folk to be willing to bear. There will always be easier options available. But ‘missional relevance’ does not lie in a chameleon-like adaptation to the pattern of the spirit of the age. It lies in trying to work out what faithfulness to Christ might look like in a particular moment and what that may require of us as the people who are called to seek in all things to hallow God’s name — and then doing it.

My thanks are due again this year to all those who share with me regularly in exercising the ministry of word and sacrament at Saint Andrew's Church, spreading the load and granting me some flexibility in my diary, as well as providing a vital collegiality and encouragement in what can otherwise be a lonely and daunting role as Rector.

Thank you too to those who undertake various other roles in the congregation’s life and without whose contribution things would quickly grind to a halt—whether that is in worship, the work of nurture, administration, or the practicalities of keeping our building open day in and day out. Particular thanks go to all members ofthe Vestry after what has been another very busy year in one way or another. As ever, thanks by name must go to Richard Scotcher for his service as Vestry Secretary until his forced retirement from that role in July, to John for his willing return to that office having tried to retire from it, and to Rachel in her role as Treasurer since last year's AGM and her willingness to continue until we are able to identify another candidate to relieve her of it.

B) Vestry Report

This report relates principally to matters occurring during the twelve months ended 30!" September 2025 but it also briefly looks into the following months. It should be recognised that virtually the whole content of this report reflects the work of my predecessor, Richard Scotcher and it is appropriate to note the volume and quality of work undertaken by Richard during his time as Secretary to the Vestry, to thank him for his years of service and to say how we understand his reasons for resigning and will have him and Ros in our prayers. If 2022 was the year in which church services returned to normality following the Covid outbreak, 2023 the year in which the lighting was renewed and 2024 the year in which new seating was installed, then 2025 was the year in which the longstanding need to carry out major work on the fabric of the church was addressed and is now a key priority for the immediate future. This will include re-pointing of all the church’s stonework and is a major project by most people’s standards. In parallel with this work, the Vestry is actively engaged in work aimed at changing heating technology in all parts of the church so as to drastically reduce our carbon footprint. These matters will be explored later in this meeting.

On Personnel matters, all were saddened when David Cole-Hamilton felt that he had to resign and we are all grateful that he has continued to keep a close eye on money matters as our Bookkeeper. The Vestry was glad to be able to welcome Rachel Hart as Treasurer in succession to David.

Our church is an old building, as is the Rectory and from time to time throughout each year there are minor maintenance and repair tasks which occupy one or more members of the Vestry. The church gardens give us all pleasure and we are indebted to Jenny Evetts for the work she does there, but we also need to keep an eye on the mature trees and take action if they present any risk to life and limb.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 a

Our organ, which was substantially rebuilt some years ago was recently inspected by Harrison & Harrison, among the UK’s best Organ builders and service providers. Their report was very concerning in that it seriously questioned the good sense of spending any substantial sums of money on the organ. It is probable that the Vestry will need to consider the provision of organ music in the church before too long.

Finally, the church’s flat at Chamberlain Street was put on the market and, following the end of the financial year we are presently considering, was sold with vacant possession on 4" December.

It was heart warming to be welcomed back by Vestry members as their Secretary and the congregation owes my fellow members a rousing vote of thanks for all that they do. | am personally most grateful to those members of the Vestry who have taken on specific responsibilities which, so far, seem to have reduced the burden of being Secretary. On behalf of all, | offer my warmest thanks to all who bring this church to life by their voluntary efforts; without them this place would not be the family of which we are all part.

Financial review

The Annual accounts prepared by the accountant are attached. Unless you are skilled in reading these, they will be very opaque. | offer the following summary: There are two kinds of funds:

Unrestricted — the normal operating income and expenditure of the Church

Restricted - where we take in money to pass on to a particular cause. In most cases the income and expenditure of restricted funds balance.

Total expenditure £251,753 and total income £134,105 leaves an overall deficit of £(111,228,) compared with £(74,473) in 2024.

In common with accounting practice, the flat in Chamberlain St is valued at the price we paid for it £60,679. The property has recently been sold for £200,000.

Rachel Hart took over as Treasurer in January 2025. As a result, Professor Alan Werritty as Lay Representative was added as a signatory on the bank account and strict financial protocols were negotiated with Richard Scotcher. This means that the Rector and Treasurer are not permitted to authorise the same payment and the Treasurer does not have a vote at Vestry. Professor David Cole Hamilton has continued to act as book-keeper and the Treasurer is hugely indebted to him for his careful maintenance of records of income and expenditure throughout the year. Mr John Hurst has also been hugely helpful in continuing to manage the reclaim of gift aid at various points during the year, which is excellent for cash flow.

The form of the accounts is dictated by the Charity Pack used by the Accountant. This makes the accounts acceptable to OSCR with whom we are a registered charity. | hope the following comments may help their interpretation.

The Financial statement shows that the total expenditure by the church in this financial year was £251,753. Total income was £134,105 plus £119,689 drawn down from Investments (see below). The balance sheet shows that the total current assets of the church are £149,377 as opposed to £260,605 in 2024. This is due to the reduction in investments. However, this does not include the true value of Chamberlain Street which was sold in December 2025 (see below).

The Vestry budgeted for a deficit for the year, which was partially offset by the receipt of £11,176 in VAT reclaim from expenditure on lighting and refurbishment projects on the building, under the government's Listed Places of Worship Scheme. Most lines in the budget performed as expected, but the bank account was bailed out by around £24,000 from investments. This is not sustainable.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 eee Income: The total donations, including covenanted giving, were significantly lower than in the previous year. This is largely due to the departure of a small number of generous givers and a large turn-over in the congregation. Since the overall level of donations was low, the income tax reclaimable through gift aid was also low. The vestry has taken steps to address this through a stewardship push in early September. The pleasing results of this will be evident in next year’s accounts as giving was significantly increased during October and November. The Vestry has also explored alternative methods of giving, including investing in a Digital Collection Point and continuing to use JustGiving. We have also developed a Welcome booklet which contains financial information. We urge members of the congregation to review their giving prayerfully in a regular basis. There was no legacy income this year and only one funeral took place in church. The income from rent on Chamberlain Street is lower since the property was vacated in July so that it could be sold. The vestry asked that all income over £1,000 be itemised in the accounts (see note 4). Income from investments was significantly reduced since we drew down the capital (see note 5). We were pleased to receive a grant from the Northwood Trust of £7,500 which we allocated to support the young church.

Expenditure: Our contribution to the Province and Diocese increased significantly this year. It is calculated on income, so should be lower next year. Clergy costs include contributions towards the Rector’s National Insurance and pension contributions. The standard stipend was £34,308 from 1 January 2025. Salaries were also paid to the Office Administrator, Media Manager, Cleaner, Artist in Residence and Young Church Co-ordinator. Major projects included the completion of the refurbishment of the nave, including the final instalment for the furniture, and the payments for moving the radiators and re-surfacing the floor of the church. We supported a wide range of outreach activities this year, giving away 7% of our income. We continue to make efforts to reduce our carbon footprint and work towards net zero, benefitting from the solar panels on the roof and the renegotiation of a contract for our gas and electricity supply which will come into effect next April.

b) Investments

The Investment portfolio is valued at £70,192 which is a large decrease on the previous year (£183,461). Income was £2,942 this year, as opposed to £7,796 last year. The Vestry authorised a draw down from investments during the year to pay for the second half of the nave refurbishment, thus completing the project which began in the previous financial year and to which the congregation contributed around £10,500 in special donations. The aim was to reduce the investment value to around £100,000 in accordance with Diocesan guidelines. Other drawdowns were necessary to pay £12,144 in fees to Architect and QS in the early stages of the repointing project, and to cover upfront expenditure due to the decision of the Vestry to sell the Chamberlain Street property, as well as to cover other running costs (see below).

c) Restricted Accounts

We have a small number of restricted accounts where money is given to the Church for a specific purpose. It was agreed at last year’s AGM that the Choral and Organ Scholarships would be funded from the general funds of the Church, but we were pleased to receive £1,690 in donations to support the work of these students, whose ministry of music is much appreciated. Many thanks too to Dr Jane Pettegree who runs the whole choir so admirably.

d) Property

The value of the Chamberlain Street flat appears in the accounts according to normal accounting practice as £60,679 (the original purchase price) but a note is now added indicating that it was re-valued at £225,000 and put up for sale in July 2025. The market was very sluggish and in due course an offer was accepted with a purchase price of £200,000, yielding £195,795 after deduction of fees. The sale was completed on 5 December 2025. The value to the congregation of this asset, above the book price of £60,679 is, therefore £135,116 which will appear in next year’s accounts. Much of this sum will be reinvested in the short term, with a large part being earmarked to provide matching funding for grant applications in support of the heating and repointing projects.

Budget for 2025-26

We anticipate that our activities will be similar to those of last year but that pledged income should continue to rise as a result of the Stewardship campaign in September and the increased use of the open plate and digital collection plate together with their associated gift aid claims. Expenditure will increase as a result of an agreed 3.9% pay rise to staff from 1 January 2026. A number of capital projects are underway, including the repointing of the church and replacement of the church heating system, for which we have successfully bid for £7,520 as a Pilot congregation award from the Province. The heating of the hall and ancillary offices is a separate project. We are very grateful to Professor Alan Werritty for his hard work on these projects and the preparation of major grant applications to support them.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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Structure, governance and management

In terms of The Charities Accounts (Scotland) Regulations 2006 (as amended), the Vestry reports to the congregation as follows:

The trustees who served during the year and up to the date of signature of the financial statements were: Revd Canon Professor Trevor Hart Richard Scotcher (Resigned 31 July 2025) Professor Alan Werritty Katrin bosse (Resigned 8 December 2024) Dr Emily Hearn (Resigned 8 December 2024) Janice Furness (Resigned 8 December 2024) Rachel Hart (Appointed 5 January 2025) Mr John Matthews (Appointed 30 October 2025) Dr J Pettegree (Appointed 8 December 2024) Dr C McGladdery (Appointed 8 December 2024) Mrs E Fairlie (Appointed 8 December 2024) Mr G Garman (Appointed 8 December 2024) Mrs A Stewart Dr D Thejus Mrs A Holsteen

Recruitment and appointment of trustees The Church of Saint Andrew's, St Andrews is an unincorporated association, governed by a Constitution last amended in March 2016. For the purposes of charities law, the members of the Vestry are the Charity Trustees of the Church. The Church is a member congregation of the Diocese of St Andrews, Dunkeld and Dunblane in the Scottish Episcopal Church which, in turn, is a member of the world-wide Anglican Communion. The Bishop of St Andrews, Dunkeld and Dunblane has pastoral oversight of all congregations within the diocese, and all congregations are subject to Canon Law of the Scottish Episcopal Church. The members of the Vestry normally hold office for three years and are elected at the Annual General Meeting. Apart from a moral obligation to pay Quota to the Diocese, there are no material transactions with any other connected or associated body.

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The trustees’ report was approved by the Board of Trustees.
Mr Jobn-Matthews
Trustee
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Revd Canon Professor Trevor Hart
Trustee
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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SCOTTISH EPISCOPAL CHURCH eee | report to the trustees on my examination of the financial statements of Scottish Episcopal Church (the charity) for the year ended 30 September 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

| report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025 FOR THE YEAR ENDEDYEAR ENDEDENDED 30 SEPTEMBERSEPTEMBER 2025
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Unrestricted
funds		 Restricted
funds		 Total Unrestricted
funds		 Restricted
funds		 Total
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies
Charitable activities
Investments		 3
4
5		 91,363
35,361
2,962		 -
4,419
-		 91,363
39,780
2,962		 117,865
27,775
7,796		 -
11,970
-		 117,865
39,745
7,796
Total income 129,686 4,419 134,105 153,436 11,970 165,406
Expenditure on:
Charitable activities 6 247,070 4,683 251,753 272,391 3,918 276,309
Total expenditure 247,070 4,683 251,753 272,391 3,918 276,309
Net gains/(losses) on
investments 11 6,420 - 6,420 36,430 - 36,430
Net expenditure (110,964) (264) (111,228) (82,525) 8,052 (74,473)
Transfers between
funds zs - - (7) 7 -
Net movement in
funds 8 (110,964) (264) (111,228) (82,532) 8,059 (74,473)
Reconciliation offunds:
Fund balances at 1 October
2024 251,388 9,217 260,605 333,920 1,158 335,078
Fund balances at 30
September2025 140,424 8,953 149,377 251,388 9,217 260,605

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH BALANCE SHEET

AS AT 30 SEPTEMBER 2025

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2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 13 60,679 60,679
Investments 14 70,192 183,461
130,871 244,140
Current assets
Debtors 15 2,931 6,846
Cash at bank and in hand 16,407 11,638
19,338 18,484
Creditors: amounts falling due within 16
one year (832) (2,019)
Net current assets 18,506 16,465
Total assets less current liabilities 149,377 260,605
The funds ofthe charity
Restricted income funds 17 8,953 9,217
Unrestricted funds 18 140,424 251,388
149,377 260,605

The financial statements were approved by the trustees ON ......ceceeeeeseeess Revd Canon so Hart Shane Trustee Trustee

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 eee

Charity information Saint Andrew's Episcopal Church, St Andrews is registered with the Scottish Charity Regulator (OSCR).

1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” 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)". The charity 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 charity. 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.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity 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 charity.

1.4 Income Income is recognised when the charity 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 charity 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 charity 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.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

ee 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 charity 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.

Financial instruments are recognised in the charity's balance sheet when the charity 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.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ee 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 charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity’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
2025 2024
£ £
Donations and gifts 91,363 107,865
Legacies - 10,000
91,363 117,865

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

ee

3 Income from donations and legacies (Continued)
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts
Donations
Covenants		 12,459
64,385		 14,102
73,529
Income tax recovered on covenants/gift aid 14,519 20,234
91,363 107,865

4 Income from charitable activities

Total Total
2025 2024
£ £
Offertory 7,788 5,763
Envelope scheme 480 1,594
Plants & produce/coffee morning - 893
Church and Hall letting 10,722 10,804
Chamberlain street letting 3,250 4,800
Donations to new furniture 2,442 9,391
Choral and organ scholarship fund 1,690 1,380
Other income 1,186 1,465
CAF 1,046 996
Vat rebate 11,176 2,659
39,780 39,745
Analysis by fund
Unrestricted funds 35,360 27,775
Restricted funds 4,420 11,970
39,780 39,745

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

6

5Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from unlisted investments 2,942 7,786
Interest receivable 20 10
2,962 7,796
6 Expenditure on charitable activities
Total Total
2025 2024
£ £
Direct costs
Provincial and diocesan quota 21,012 18,718
Clergy costs 44,884 45,486
Property expenses 125,505 162,064
Church expenses 17,153 18,280
Administration expenses 6,929 9,135
Charitable donations 9,257 900
Special donations 3,143 -
Children's work and youth work 6,970 9,856
Cleaner 6,477 5,612
Media manager 3,394 3,300
Artist 5,508 -
Misc 689 2,171
250,921 275,522
Share ofsupport and governance costs (see note 7)
Governance 832 787
251,753 276,309
Analysis by fund
Unrestricted funds 247,070 272,391
Restricted funds 4,683 3,918
251,753 276,309

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

7 Support costs allocated to activities

8

Expenditure Total
2025 2024
£ £
Governance 832 787
Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination ofthe charity's financial
statements 832 787

9 Trustees

The Reverend Professor Trevor Hart, by virtue of his appointment as Rector was a Trustee of the Church. In the year he received remuneration (including pension contributions) of £44,884 (2024: £45,486) in his role as Rector of the Church.

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
5 1

There were no employees whose annual remuneration was more than £60,000.

  1. Gains and losses on investments
Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 6,022 24,257
Sale of investments 398 12,173
6,420 36,430

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

13 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
£
Cost
At 1 October 2024 60,679
At 30 September 2025 60,679
Carrying amount
At 30 September 2025 60,679
At30September2024 60,679

The property was revalued in October 2024 by Thorntons at £225,000. The property has been on the market and was sold for £200,000, with the completion date of early December 2025.

14 Fixed asset investments

Unlisted
investments
£
Cost or valuation
At 1 October 2024 183,461
Valuation changes 6,420
Disposals (119,689)
At 30 September 2025 70,192
Carrying amount
At 30 September 2025 70,192
At30September2024 183,461

The value of the unit trust pool at 30th September consists of UTP 48S007 St Andrews's 1,585 units held value £52,803. UTP 47S016 Guardbridge Mission 136 units held value £4530. UTP 47S001 Miss Edith Reid Bq 386 units held value £12,859.

15 Debtors

Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 2,931 6,846
Creditors: amounts falling due within one year
2025 2024
£ £
Othercreditors 832 2,019

16 Creditors: amounts falling due within one year

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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
2024 resources expended September
2025
£ £ £ £ £
Mothering Sunday Fund 606 - (46) - 560
Choral Scholarship Fund (1,489) 1,689 (4,512) - (4,312)
Prayer Books 543 9 - - 552
Butterflies 145 258 (125) - 278
Calendars 21 21 - - 42
Nave refurbishment 9,391 2,442 - - 11,833
9,217 4,419 (4,683) - 8,953
Previous year: At 1 October
2023		 Incoming
resources		 Resources
expended		 Transfers At 30
September
2024
£ £ £ £ £
Mothering Sunday Fund 655 - (49) - 606
Choral Scholarship Fund (223) 1,380 (2,646) - (1,489)
PrayerBooks 491 52 - - 543
Butterflies
Calendars		 225
10		 243
11		 (323)
-		 -
-		 145
21
Coffee Morning/Appeals - 893 (900) 7 -
Nave refurbishment - 9,391 - - 9,391
1,158 11,970 (3,918) 7 9,217

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 October
2024		 Incoming
resources		 Resources
expended		 Transfers Gains and
losses		 At 30
September
2025
£ £ £ £ £ £
General funds 251,388 129,686 (247,070) - 6,420 140,424

a

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SCOTTISH EPISCOPAL CHURCH SAINT ANDREW'S EPISCOPAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

ae ae ae ae ae ae ae ae ae
18 Unrestricted funds (Continued)
Previous year: At 1 October Incoming Resources Transfers Gains and At 30
2023 resources expended losses September
2024
£ £ £ £ £ £
General funds 333,920 153,436 (272,391) (7) 36,430 251,388
19 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 30 September 2025:
Tangible assets 60,679 - 60,679
Investments 70,192 - 70,192
Current assets/(liabilities) 9,553 8,953 18,506
140,424 8,953 149,377
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 September 2024:
Tangible assets 60,679 - 60,679
Investments 183,461 - 183,461
Current assets/(liabilities) 7,248 9,217 16,465
251,388 9,217 260,605

19 Analysis of net assets between funds

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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 2025 the balance on the account was £10.00 Income and expenditure will be included in the accounts of Direct Link.

22 ~Analysis of changes in net funds

The charity had no material debt during the year.

218=