The Annual Accounts of St Andrews Episcopal Church, Ardrossan Financial Statements Year Ended 31 August 2024
Scottish Episcopal Church
Diocese of Glasgow and Galloway
The Annual Accounts of St Andrews Episcopal Church, Ardrossan. Annual report and financial statements for year ended 31 August 2024
Index
| Page(s) | |
|---|---|
| Trustees annual report | 2-3 |
| Statement of principal accounting policies | 4 |
| Receipts and Payments Account | 5 |
| Statement of Balances | 6 |
| Notes to Financial Statements | 7-8 |
| Independent Examiner’s Report | 9 |
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The Annual Accounts of St Andrews Episcopal Church, Ardrossan
Financial Statements
Year Ended 31 August 2024
The Annual Accounts of St Andrews Episcopal Church, Ardrossan
Trustees’ Annual Report and Accounts for year ended 31 August 2024 Scottish Charity Number SC004458
The vestry of St Andrews Episcopal Church, Ardrossan their annual report as required under Charities Accounts (Scotland) Regulations 2006.
Contact Address
The contact details concerning the charity and this Report and Annual Accounts is: -
Current Trustees
The Trustees are all members of the Ardrossan congregation elected by them to the vestry, a committee appointed by the congregation to oversee the administration of the church’s’ affairs on their behalf. The Trustees are: -
Chairperson Treasurer
Appointment of Trustees
Vestry members are elected with no limit on service, however the longest serving member of vestry must retire but can be stand for re-election at the Annual General Meeting.
Trustee Remuneration and Expenses
The Priest-in-charge, as the stipendiary priest, is a salaried employee and receives the salary recommended by the Diocese of Glasgow and Galloway. The position is superannuated. He also receives reimbursement of traveling expenses incurred in the discharge of his duties (see Notes to the Accounts no. 5 & 6). Salary is shared between St Andrews Episcopal Church and the Diocese of Glasgow and Galloway.
No other member of the Trustees received any remuneration or expenses
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The Annual Accounts of St Andrews Episcopal Church, Ardrossan
Financial Statements
Year Ended 31 August 2024
Charitable purposes
The charitable purpose of St Andrews Episcopal Church is the promotion of and worship of Christian beliefs and religion under the Anglican tradition and the rites of the Scottish Episcopal Church.
Clergy
The members of the clergy in the period covered by the accounts were:
Priest-in-Charge
Ardrossan Ministry
During the period the congregation of St Andrews, Ardrossan reinforced its links with the local community by allowing the church hall to be utilised by various community groups. The congregation believes this is an important part of their ongoing outreach.
North Ayrshire Team Ministry
The North Ayrshire Team Ministry provides a focus for Christian belief in the Anglican tradition within the boundaries of the Episcopal churches of St. Andrew’s Ardrossan, St. Peter’s Dalry.
In June 2000 the Vestries of the three churches, known collectively as The Joint Vestry, agreed that as from 1 September 2000 there should be established an account for the purposes of paying the expenses of their shared members of clergy and day to day running (excluding maintenance) of the churches.
For charitable purposes the Joint Account is recognised as a sub - account of St. Andrew’s Ardrossan.
Reserves
The Receipts and Payments Account shows an historical cost profit for the 12 months ended 31 August 2024 of £11,113 (2023 – £13,979 profit). This has left a balance on the accounts of £140,511 carried forward to 2024/25. The accounts of St Andrews Ardrossan and the joint account are fully consolidated. During the year St Andrews Ardrossan continued to operate satisfactorily.
Post End of Period Events
There have been no events since the end of the financial period which necessitate revision of the figures included in the financial statements.
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The Annual Accounts of St Andrews Episcopal Church, Ardrossan
Financial Statements
Year Ended 31 August 2024
Statement of principal accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the publication
-
“Scottish Charity Accounts – A Guide to the 2006 Regulations”
-
“Part 2: Receipts & Payments Accounts”
published by the Office of the Scottish Charity Regulator and in accordance with applicable Accounting Standards.
The financial statements have been prepared on a going concern basis.
Basis of accounting
The financial statements are prepared under the historical cost convention on a receipts and payment basis.
Recognition of income and expenditure
Income from congregational giving (freewill offering), grants and other income is recognised in the receipts and payments account in the financial year in which it is received. Similarly, expenditure is recognised in the receipts and payments account in the financial year in which it is paid.
Maintenance of Rectory
The cost of maintenance or repairs to the Rectory is charged to the receipts and payments account of the joint account in the period in which it is paid.
Pension schemes
The Fund is a defined benefit scheme providing benefits based on final salary. The scheme is noncontributory. The entire cost of the Fund is met by assessments levied on employers. The assessment is set by the General Synod and is based on professional actuarial advice obtained by the Trustees. The Fund is exempt approved under Chapter 1 Part XIV of the Income and Corporation Taxes Act 1988. The Trustees know of no reason why this approval may be prejudiced or withdrawn. Members are not contracted out of the state earnings related pension scheme . Payments are made through the joint account.
Taxation
As a Scottish charity, the Church benefits by being exempt from corporation tax on income and surpluses, which have been derived in pursuing activities, designed to carry out the main objects of its charitable status.
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The Awiugj Accounts of St Andrews Episcopal Chw¢JL Ardross3n Financial Ststements Year Ellded 31 August 2024 St AndrtV Epi•¢op•l Churth. Scoltish Chirrty No, scrAJ4458 Re¢ei.pts and Plymènts Ac¢ount J2,XS Gw41 174 1.372 FiC Dwo FwTrJr•tyry sv4 Fru1tr I•# 512 lTr•wr•r T( Emosyw roiBI 14JU 5.jll FIth= RYT i) cort*
31T 2 1 Tc4¥ hyrnir iJ.m All fifftds v• urY8sth Apyty•a ty Ve5ty cf Si rf-i13 tQiSCuoai N,:h Arer?SS¥ft 4th7 t•MI.'
The Awiugj Accounts of St Andrews Episcopal Chw¢JL Ardross3n Financial Ststements Year Ellded 31 August 2024 Si Andr•w'i EpSscop•l Churth Scottlskn Charlty N SCO(t4468 Stsl•m•nt of 1•¢•# 2024 2023 129,398 115,410 Ckry•ln9 1•¢•1 31 Au1 140,511 129,398 I furmls af• uN•8trktsd. PprOd by lh8 Vesty Of Si kndréws Eplscopat Chrth, Ardrossan and Ihalr b•lY.' Rev M¥tyn Trerto
The Annual Accounts of St Andrews Episcopal Church, Ardrossan
Financial Statements
Year Ended 31 August 2024
NOTES TO FINANCIAL STATEMENTS
1 Congregational Giving
The amounts included in the receipts and payments account (R&P account) is the summation of collections taken at church services and where appropriate the income tax reclaim on the contributions from parishioners who have elected to have their giving gift aided under the regulations set by Her Majesty’s Revenue and Customs as follows: -
| Income source Weekly/monthly giving Gift aid taxation claim Total received |
2024 2023 £ £ 32,255 37,646 0 3,222 |
|---|---|
| 32,255 40,868 |
2 Donations and Fund Raising
Donations and bequests are received during the financial year and restricted for general use by the joint churches. Fund raising events including coffee mornings, lunches and rental income from hire of halls etc. are also included.
| Description Hire of hall Gift Day Total received |
2024 2023 £ £ - 50 - - |
|---|---|
| - 50 |
3 Bank Interest
Is amounts received as interest on bank deposits.
4 Remuneration
The Priest-in-Charge is salaried at the recommended remuneration advised by the Diocese of Glasgow and Galloway. He is an ordinary member of the Scottish Episcopal Church Pension scheme and the employers’ contribution are set be the scheme administrators. Employers’ National Insurance rates are standard and are set by HMRC.
5 Travel Costs
Clergy travel costs are the travel costs reimbursed to all four of the Joint Churches’ Clergy and do not relate solely to the Rector as stipendiary priest.
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The Annual Accounts of St Andrews Episcopal Church, Ardrossan
Financial Statements
Year Ended 31 August 2024
6 Property Costs
Each charge is responsible for the upkeep of their owned property. These are the costs paid within the financial year relating to the operation of the owned church, the rectory and the rental paid by the Irvine Episcopal Church to St Andrew’s Church of Scotland Irvine. In summary, these can be analysed as follows: -
| Description Rectory cost incl. council tax Gas & electricity Insurance Repair and refurbishment Donation to Church of Scotland Total received |
2024 2023 £ £ 1,880 4,015 5,721 3,594 6,741 6,301 2,100 1,193 - - |
|---|---|
| 16,442 15,103 |
7 Diocesan Quota
This is the total amount payable annually by the individual churches to the Diocese of Glasgow and Galloway. The Diocese determines the amounts payable.
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The Awiugj Accounts of St Andrews Episcopal Chw¢JL Ardross3n Financial Ststements Year Ellded 31 August 2024 Independont Examiner's Report to the Trustees of Joint Account ol St Andrew's Ardro38an, St Pgterf& Dalry and lThiine Epixopal Church I report Offt Ihe 8Ecounl& ol tsf Sl kndyèws, Artlrt¥an for th& yoaT enLled 31 AuquEt 2024 which are Bet OLrt page$ 6 ro 9 oftni> rewrt. Respective responsibilities of Trust•• and Examin•r The charity's truste85 are SpOnble lor the prepardlion ol the accounts in accordance vlith the terms of the Charit188 atKI Tru81e8 IfN881pienl {8coll8rdl A( 2005 and the vharities Acc)un, IScDtIBndl Regulatn8 2008 Thè ¢hariLy tru£tees Consider that the 8udil requirements OF Regulation 10(1) Id) of the AonIS Regulations duEs not opply | 13 my rpsp0n8i'llYy to exemine th& 8¢count8 as.w]uid unde- 86Ction 44(11 of the Act 8nd to Siate whethèr particular rnamers have Come tD my atlenlion. Bas18 of IlldOPOn¢JOhi ¢xamln¢r'$ 8tat•m•At My exafflitHtion is cairied OLrt in 2ccordant8 with Regulaty'on 11 of thg Charltios A¢UnIS IScolL9nd) Reuuk41ions 2008, An exain4nalion inEludES rev of tk.e accounting resords kep1 by thg charfty 8nd a ?mparison ol ihe accous DYesèMèd'•irth thosa TeCDTds. 11 alsD of aF)y LfftUSU?I iterns or d1sdosu$ In 1he accounts, and SEe&s exFAAnatKTrns from the trustees conwniny any such matters. Th?. procedures unaert8ken do not prDKikle 1 the evidenc that woukA be required in an audit. and nsequently I do not express an audit opnion on the view given by the accounts. Ind¢p•nd8nt Examin•r'B glatement In Ihe cour58 Gf rny examination. no matter 188 ¢ixne to my altention 1. whiEh givps ne reasonable cause lo klieve that n any material rÉspt"i@ requirÈmentg'. lo keep accoLJnllng reco¥da in atcordÉnc th Sectson 44111 la) of the 2005 AGI ancl Regulaticrfl 4 ol the 2006 AEcounts RegulatioDs, and to rrepare counls which a¢cord strith tle aCCon11n0 record$ and cGmply with Regulation 9 ol the 2006 Accounts Rpgulations have been m81, ? in irion atteit.iop be TTr. in Jrtt>" Ig e-ablc a ?ro -r undg*.aidin of