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2025-08-31-accounts

ST. CYPRIAN’S SCOTTISH EPISCOPAL CHURCH TRUSTEES REPORT BY THE VESTRY FOR YEAR ENDING 31[ST] AUGUST 2025

The members of the Vestry present their Annual Report together with the Financial Statements for the year ending 31[st] August 2025

Structure and Governance

In terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006, the Vestry reports to the Congregation as follows:

  1. St. Cyprian’s Episcopal Church Lenzie is a registered Scottish Charity SC003826. The members of the Vestry are the legal Trustees of the Charity.

  2. It is a member of the Diocese of Glasgow and Galloway of the Scottish Episcopal Church and is in full communion with the Anglican Church worldwide.

  3. The Superior Authority is the Bishop of Glasgow and Galloway.

  4. All affairs are governed by the Vestry.

Appointment of Vestry Members

Vestry members are elected at the Annual General Meeting established by constitution and under Canon Law of the Scottish Episcopal Church.

There is currently no formal induction programme but new members are provided with an information pack that details their responsibilities and contains a current copy of the constitution. Ongoing guidance is given to ensure that all members are familiar with the church’s values, aims and responsibilities as the designated trustees of a charity. They also are required to complete a declaration confirming that they are not disqualified from acting as a charity trustee (Sections 69 and 70 of the Charity and Trustee Investment (Scotland) Act 2005).

.

Administrative Structure

It is the duty of the Vestry to manage the temporal affairs of the church and to share, with the Priestin-charge, the responsibilities for spiritual matters. The Vestry is responsible for maintaining the fabric and property of the church and of other buildings in good order and for managing the finances of the church.

Statement of Risk

The Vestry keeps under review the major risks to which the church is exposed and has established procedures to mitigate those identified.

Charitable Objectives and Activities

The Church’s principal activity embraces public worship in sacrament and in prayer. It is also committed to Christian education, charitable works and fund raising for local, national and international needs. It places importance on its social function within the community and actively promotes the use of the church buildings to encourage and foster the work of local groups of all ages.

Volunteers

The Vestry is grateful for the time, freely given, by those volunteers who support the activities of the Church and without whose support many of the activities could not operate.

Achievements and Performance

By the end of August 2025, church associated activities are at almost full capacity and demand for the use of the hall facilities is largely stable. Mainstream activities were firmly established with Applebays Afterschool Limited continuing their pre- and post-school activities and the Kirkintilloch and Lenzie Childminders Group maintaining their longstanding association with the church. The other established links with the Brownies, Rosebank Dancing School, Baby Massage, ‘Talented Toddlers’, ‘Rhythm Academy’, a Tap Dance session and regular Yoga classes continued the support for social interaction and physical exercise within the community.

The St. Cyprian’s Branch of the Mother’s Union continued to thrive with regular monthly meetings and a programme of extended outreach activities, both locally and more widely at national and international levels.

“Music at St. Cyprian’s”, affiliated to Chamber Music Scotland, produced a full concert programme with an increase in the audience base that confirmed that interest in the project locally continued to grow slowly. A full programme for the coming winter season has again been published and a subscription ticket for the concert series has been introduced as an additional encouragement to enhance support.

The established link with the East Dunbartonshire Children’s Chorus and Youth Choir was continued and again contributed successfully to the annual Christmas Carol and Christingle Service. The Vestry has continued to address requirements to monitor the condition of the church fabric together with updating overall risk assessment needs. Ground maintenance has also ensured the tidy appearance of the property. The Rectory is currently vacant and is awaiting refurbishment before being let through a local Estate Agent.

The Interregnum has now ended with the appointment of a new Priest-in-Charge who has elected to live in her own home within the Charge.

Following two years of Interregnum since the retirement ofx,Lear wre HEE2s licensed as Priest-in-Charge of St Cyprian’s SEC on Tuesday 5" August 2025

Financial Review

The balance in our RBS account has shown an increase over the last financial year of £11,9110.93, with the end of year bank balance being £64,172.10. The interregnum of the last two years has now come to an end with the welcome appointment of our new Priest-in-charge,ay a.

Overall income has fallen slightly compared to 2024. We have lost a number of members of our congregation, there has been a decrease in hall donations and there have been no significant fundraising events over the year, all of which have contributed to this decrease. My thanks go to all who contribute, either by Direct Debit or the Freewill Envelope scheme, and all members of the congregation are encouraged to adopt regular giving in this way.

Overall expenditure has also increased. The Quinquennial Review, Council Tax on the vacant Rectory, refurbishment of the Rectory, increasing fuel charges and the initial stipend and pension payment to our Priest have all contributed to this rise.

Going forward there will be further outlay on the Rectory to bring it up to standard to allow rental via a local estate agent. This however should also bring in a regular income once a tenant is found. Fundraising will also need to become a more regular contributor to our income, which will hopefully offset the lower congregational numbers we have at present.

My thanks go to the Vestry for their continuing support,a for his accountancy Skills, and toi. our Independent Examiner.

Plans for Future Years

A critical appraisal of the financial implications involved in the appointment of our new incumbent needs to be made. The reserves, although having improved during the interregnum, are unlikely to be able to sustain a full-time salary for the new incumbent in the longer term without Diocesan support. The Vestry trusts that the church’s extensive links within the local community will provide a sound base for our new priest to lead St. Cyprian’s church into a more stable and prosperous future.

Reserves

The Trustees are aware of the acute limitations that the current economic position poses and the strain it places on the existing resources. The reserves are in a better position than at the start of the interregnum but care is needed due to the increased costs of running the property and of keeping it in sound repair. Current funding efforts continue to be directed towards securing the financial base to support the running costs of the church. The current situation will require additional financial support from the Diocese, at least in the short term, to enable the vestry to meet the cost of our new incumbent. The investments are held with a low-risk strategy whilst striving to meet reasonable ethical investment expectations. The state of the national economy also adds further uncertainty to the overall financial considerations.

Statement of the Vestry Members’ Responsibilities

The members of the Vestry must prepare financial statements that give sufficient detail to enable an appreciation of the transactions of the church during the fiscal year. The members of the Vestry are responsible for keeping proper accounting records that, on request, must reflect the current financial position of the church at that time. This must be done to ensure that the financial accounts comply with the Charity and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the church and take all reasonable steps to prevent and/or detect fraud and other irregularities.

On behalf of the Vestry

Secretary 12[th] October 2025

St Cyprian's Church Lenzie Charity Number SC 003826

Income and Expenditure for the year ending 31 August

Note
Income
Congregation and Voluntary
2
Investments
4
Sundry Income
5
Expenditure
Provincial and Diocesan Quota
Clergy Cost
6
Property Expenses
7
Church Expenses
8
Administration Expenses
9
Sundry Expenses
10
Charitable Expenses
3, 11
Surplus / (Deficit) for year
2025
2024
£
£
2025
2024
£
£
53,764.98
1,996.66
62.01
57,990.94
1,723.11
66.21
55,823.65
59,780.26
6,000.00)
(
11,538.99)
(
23,915.82)
(
405.54)
(
929.57)
(
1,067.05)
(
55.75)
(
5,420.00)
(
3,870.99)
(
15,455.02)
(
158.46)
(
703.62)
(
1,024.96)
(
73.00)
(
43,912.72)
(
26,706.05)
(
11,910.93
33,074.21

Surplus / (Deficit) for year

Notes on Accounts 31 August

1(a) Investments held beneficially are stated at market value 1(b) The accounts are prepared on a receipt and payment basis 1(c) All income is unrestricted.

2
Congregational / Voluntary income
General Collections
Freewill Envelope Scheme
Bankers Order
Tax Recovered
Donations (Hall) (appendix 2)
Donations (General)
Fund Raising (appendix 1)
Photocopying income
Diocesan Clergy Support Grant
Music at St Cyprians
Christmas card donation
Calendar flower festival
3
Special Collections
Bishop's Lent Appeal
4
Investment Income
Shares (see Note 12)
Bank and bond interest
5
Sundry Income
Magazine etc
2025
2024
£
£
2025
2024
£
£
1,451.90
2,205.00
15,510.80
4,699.39
23,666.50
2,683.50
587.99
80.00
500.00
2,100.00
230.00
49.90
1,295.50
2,068.00
16,414.80
4,686.71
26,203.25
580.00
3,178.18
129.80
-
2,700.00
-
734.70
53,764.98
57,990.94
337.81 411.65
985.72
1,010.94
946.92
776.19
1,996.66
1,723.11
62.01 66.21

2025 2024

~~6~~ Clergy Costs

Stipend, Pension and Expenses Council Tax Rectory Locum Fees and Expenses

£

£

(3,141.77)
(5,152.32)
(2,720.90)
-
(1,515.00)
(2,355.99)
(11,538.99)
(3,870.99)

~~7~~ Property Expenses

Church and Hall
Insurance
Repairs & Renewals
Cleaning
Cleaning materials
Electricity and Gas
Quinquennial review
Rectory
Insurance
Rectory - vacant costs
Repairs & Renewals
Total Property Expenses
Church Expenses
Flowers
Altar Supplies
(3,620.65)
(958.70)
(3,016.00)
(294.73)
(5,872.65)
(4,366.24)
(3,493.12)
(1,520.68)
(3,052.00)
(304.19)
(4,725.69)
-
(18,128.97)
(13,095.68)
(1,082.11)
(1,058.03)
(3,646.71)
(870.32)
(1,344.86)
(144.16)
(5,786.85)
(2,359.34)
(23,915.82)
(15,455.02)
(100.00)
(305.54)
-
(158.46)
(405.54)
(158.46)
8 Church Expenses
Flowers
Altar Supplies

~~9~~ Administration Expenses

Administration Expenses
Stationery, Advertising & Postage
Telephone
Photocopier
Stockbrokers fees & charges
Hallmaster fee
(73.88)
(440.17)
(130.52)
(100.00)
(185.00)
-
(423.36)
(155.26)
(125.00)
(125.00)
(929.57)
(703.62)
10
Sundry Expenses
Fundraising
Social Events
Gifts
licence
Sundry
11
Charitable Expenses
Bishop's Lent Appeal
less Special Collections (Note 3 above)
Net Charitable Expenses
-
-
(150.00)
(443.58)
(473.47)
(465.76)
(117.33)
-
-
(441.87)
(1,067.05)
(1,024.96)
(393.56)

337.81
(484.65)
411.65
(55.75)
(73.00)
12
Investments - Shares and bonds
HICL Infrastructure Co
Bankers Investment Trust
Securities Trust of Scotland
Marlborough Multi Cap Inc P Inc
RBS
13
Unrealised gain / (loss)
HICL Infrastructure Co
Bankers Investment Trust
Securities Trust of Scotland
Marlborough Multi Cap Inc P Inc
2025
2024
5,170
5,170
5,189
5,189
4,992
4,992
6,924
6,924
22,275
22,275
Book value
(cost)
2025
2024
2025
2024
4,912
5,174
338
338
14,168
12,995
311
300
9,510
8,701
322
252
5,535
6,077
278
286
748
547
34,124
32,947
1,997
1,723
2025
2024
(258)
4
8,979
7,806
4,518
3,709
(1,389)
(847)
11,849
10,672
Market value
Income
(dividends, interest)

Statement of Balance as at 31 August

Cash at Bank and in hand
(including deposit account)
At start of year
Surplus/(Deficit) for the year
At end of year
Investments - Market Value
At start of year
Realised in year
Loss on realisation
Unrealised gain / (loss) in year
At end of year
Fund Balances (cash and investments)
At start of year
Surplus/(Deficit) for the year
Realised in year
Loss on realisation
Unrealised gain / (loss) in year
At end of year
2025
2024
£
£
2025
2024
£
£
52,261.17
11,910.93
19,186.96
33,074.21
64,172.10
52,261.17
32,946.72
-
-
1,177.09
30,399.85
-
-
2,546.87
34,123.81
32,946.72
85,207.89
49,586.81
11,910.93
33,074.21
1,177.09
2,546.87
98,295.91
85,207.89

Approved on

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By :-

Vestry Secretary

Treasurer

Appendix 1

Fundraising income year to 31 August

Source
Flower festival
Autumn fair
Coffee money
Christmas Fayre
Misc.
2025
2024
1,752.16
695.50
583.99
318.96
105.00
4.00
306.56
587.99
3,178.18

Appendix 2

Donations for Hall and Church Lets: Year to 31 August

Source
Applebays “Afterschool Ltd"
Rhythm Ac T
Childminders
Brownies Guides
EDC (elections)
Lenzie Flower Club
Rosebank Dancing
(Tap Dancing)
Star baby massage
Others
2025
2024
14,962.50
15,545.00
2,480.00
2,772.50
2,139.00
2,187.00
1,251.25
1,518.00
1,134.00
675.00
640.00
648.00
630.00
594.00
700.00
576.00

54.00
324.00
543.00
496.50
23,666.50
26,203.25

independent Examiner’s Report to the Trustees of The Vestry of St Cyprian’s Church

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| report on the accounts of the charity for the year ended 31 August 2025 which are set out on
pages | to 6.
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(1)(d) of the 2006 Accounts Regulations does not apply. It is my responsibility to
examine the accounts as required under section 44(1 )(c) of the Act and to state whether particular
matters have come to my attention.
Basis of independent examiner's statement
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My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations.
An examination includes a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also includes consideration of any unusual items or
disclosures in the accounts and seeks explanations from the trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and
consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
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In the course of my examination, no maiter has come to my attention

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1. which gives me reasonable cause to believe that in any material respect the requirements:
¢ to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations
to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the acco
Name: (signed)
Date: 25" November 2025
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