United Diocese of Moray, Ross and Caithlless Accounts For the year ended 30th September 2025 Scottish Charity No 004655
Contents Diocesan Standing Cornmittee report Stalemenl of trustees. responsibilities Independent Examiner's report Slalemenl of financial aclivilies Balance sheet Notes to the accounts 8-17
Legal & Admlnistraliv• Information Trustees.. IPropertytru$ieesl The Bishop The Dean The Chancellor The Registrar Rignt Reverentt M8Tk J Slran9e Very Reveren# lson Simpson Vacant John Sm3rt Dio¢esan Standing Comtnitiee.. (Who are 4lso1ry51ees of the charity) The Bishop The Oean The Challcdlor The Registrar Diocesan Secretary Ri9hl RevÉrend MaT J strange Very RevererK ksOn Simpson Vacant MT John Smart MT lain Foyers Dr Den15e McFarf3ne DiocesaTr Treasurer Mts Louise Monagtt8n ConvÈnor of the Admin Board Reverend Canon hli¢hael Last ConvÉnor of Mission & Ministry Board Reverend Julia BoDlhby Calhe¢ra1 Provosl Very ReveTend Sarah Mutray lay repre52ntsti¥es Jean Macdtrnald Deborah Nlunday Reverend Canon Michael Last Ley-Anne Hapg-Forsylh Demitted Appoinied 01.09.25 07.09.25 Syno¢ clerk Proiethjon officer Charity number.. SC004655 Pfintipal address-. The Diocesan OWice Sl Mary ITr the Field5 Keppoch Roa¢ Culloden 7LL Independent Eyaminei Hollie Mackay CA Ag Accountancy Limited elm House Cradleholl Business Par Inveme5S IV2 5GH Prin(¥pa1 banke. Roya1 Bank ol Scolland 29 Harbour Ro8d Inverness IV1 INU So410r". Thomions o1Ce Kiniail House Btechwood Business Park lnveiness IV2 3BW
United Diocese of Moray, Ross & Caithness Dloce5an Standing Committee Report for the year ended 30, September 2025 The Diocesan Standing Committee present Iheir report of the Diocese foT the year ended 30, September 2025. The Legal & Administraiive Inforrnation page as previously Set out also forms part of ihe report. Objertlve5 & Artivities The Diocese 15 one ol seven Dioceses of the Scottish Episcopèl Church and 15 governed by Canon Law. The objeciives and main actlvllies of the Diocese throughout the year have cgnlinued to be the provisicn of spiritual, clerical and financial SUPPOTt to the Charges throuehout the Diocese. the administering of Provincial 8rants, mission work and the development of trainin@. In term5 of it5 Constitution, as presented to and Hgreed by Diocesan Synod in March 2012. the Diocese ha5 four Trustees, for the purpose of taking titles to properties within the Diocese, namely the Bishop, the Dean, the Chancellor and the Re8iStrar. The office of Chancellor is currently vacan¢. The Standing Committee acts as the Executive Commitiee ol th2 Diocese between meeting5 of the Synod. It implemenls Synod decisions, supervises and receives Teport5 from various Boartls and prepares for Synod meetings. It has delegated the day-to-day administration to the Administration 8oèrd who prepare reporis, cash flow5, buégers ènd account5 for rhe Standing Comrnittee's reviewand approval. Ernployment mattels have 3150 been delegated to the Administration Board. There is a150 a Board lor Mission and Ministry that oversees rnission and ministry work aCTOS5 the Diocese. The Diocese continued to work to meet its objectives with reBard io the funning of the Diocese. The d3¥ to dèy rnanagement ol the Diocese ha5 been delegated to the Bishop. The day to day financial management ha5 been d&legated to the Dioce53n Treasurer. Achlevements and Performance The Diocese of Moray Ross and Caithne55, operatln8 through its officers, both lay and clerical, exisis to support its clergy and char8e5 in furthering the misgion ol God'5 church to the communitie5 of the Diocese. This is achieved by the visitln8 of all areas by the Bishop and by the work of the Mission olld Ministry Board and Mission Priests and by the PTe5ence in local commufiitie5 01 members, youn8 and old, in many spheres of activitv. Financial Review Ovèrview The accounts show that there was a deficit of £40,A03 with an underlying deficit of £70,192 before the incre35e in the market value of unit trust holding 15 adjusted for. An adjustment in the accounts allocating costs previously assigned to the Crask Inn Ltd Icreditorl contributed significantly 10 the deficit. There are a nutnber ol designated funds (note 141 and these operaie as individual receipt5 and payments accounts for the fund5 set aside for particular purpose5. The funds held in the Mi55ion Provision accouni ha5 decreased in value by £25,152. It is ihis fund, along with the Dunderdale FunLI, that prov¢de5 Char8es wilh help with their stipendiary costs and supports rn155ion in the Diocese. 11 is projected that there are sufficient fund5 to continue at the current rate of a5515tènce for two years after which the reserve will be depleted. A one off Provincial grant of £47,842 was used to offset the expenditure DI the Mission Provision account. Repre5ent3tion continues io be made to the Provincial office lor an increase in the annual mi55ion grant. without which the Diocese will be unable to support stipends beyond 2027. Principal Funding Sources The Diocese is dependent for most of its income on quota ttsntributions from charges and block grants received from the Province of the Scott15h Episcopal Church. The Provincial Block 8rani has allowed for ereater flexibilily in how the Provincial lund5 are distributed with due regard of course for the spirit in which this grant 15 awarded.
United Diocese of Moray, Ross & Caithness Diocesan Standing Committee Report for the year ended 301h September 2025 The quota contributions from charges are based on budgete¢S expènditure for the Dioiese which is allocated among charges in proportion to their assessed income and their invesimenis held. Investment Pollcy The investment powers of the Diocese are governed by Canon Law. The Diocese reiains all its securitie5 Investrnents in the Scottish Epi5copa1 Church Unit Trust Pool IUTPI. The investment policy of the UTP, which accord5 Wlth that ol the Standing Commiltee, is to earn a return gn the assets, over the long term. 5utti£ienl ai least to mBintain the real value ol thÈ distribution to unit holders, The UTP Investment cornmittee feco8ni5es its responsibilities io optimise investment returns whi15t sirivin8 to meet reasonable ethlcal investment expectations. It aims to invest in companie5 thai will not only 5ucce5sfully develop their business financially in the interests of shareholders, but also demonstrate responsible employrneni and good corporate governbnte praciices, that are conscientious regarding environmental performance and human rights, and that act with sensitivity to the communities in which they operate. The Admin Board reviews the investment choice fwom tirne to time. Rlsk Management The Trustetr5 have 3S5e5sed the major risks to which the Diocese 15 exp95ed and are sat15fied that systems are in place to rnitl8ate exposure io the major iisks. The principal Tisks are.. Dependency on collecting quota from charges- thi5 is rnanaged through regular monitoring of receipt5 and follow- up with charges. review ol charge5, annual account5, and regular pastoral contact with charges,. Reliance on investment performance- all fund5 are placed with ihe Scottish Episcopal Church UTP which is considefed to be a Iow-Tisk produci wilh sound ethical basis. Reserves Policy The Diocesan standing Committee ton5ider5 that in the event of a significant drop in fundinE of activities not involving the adminisierinE ol PrOvnCl31 grants, the reserves represented by unrestricted funds noi designated for specific use are adequate to maintain the Diocese's current activitie5 for a reasonable period until replacement lunding 15 obtained. In line with other charitable bodie5 of a similar size 3rTrd level of financial comrritrnent, the Administration Board seeks to rnaintain a minimurn of 3 months, average annu31 expenditure in Ireely available reserves.11 15 the Board's policy to maintain that adeqaCv. Note 17 sets out the various funds held by the Diocese. These funds are sufficient at present to meet the obligation ol the Diocese. StTUrture, Governance and Management The Diocese 15 an unincorporated Scottish charity, subject to Canon Law ol the S£ott15h Episcopal Church 3nd Resolutions of it5 Genera5 Synod. The Diocese 15 governed by a Constitution dated IO, Marih 2012. The Diocese 15 re815tered with OSCR and its charily number is SC0046SS. The princip31 governing body of the Diocese is Diocesan Synod, which meet5 once each year to receive reports, appoint £ommittee5 and officials, and transact any other busine55 ielerred to it. Its membership comprise5 the Bishop. all Instituted. licensed or commi55ionetJ clergy in the Diocese. a lay represeniaiive elected by each Charge, diocesan officials and rnembers of the laity licensed to a specific duly within the Diocese. 8etween meetingg ol Synod the Standing Committee acts as Emeculive Committee ol the Diocese. It is regponsible lor managing and s3fe8uardin8 the assets of the Diocese. It implements Synod decisions, supervise5 diocesan committees and communications between thern, and £or45ider5 bu5ine55 raised by Char8e5 Wlthin the Diocese. 11 meets ai least five times eèch year. For the purposes of charitie5 law, the members ol the Standing Comrnitiee are the Trustee5 of the Diocese. The Convenor of the Standing Committee is the Bishop. who is appointed by Canon 4 of the Code of Canons. The Dean, Chancellor, ReB19tTar. Secretary. Treasurer. Synod Clerk, Caihedral Provost and Convenors of the
United Diocese of Moray, Ross & Caithness Diocesan Standing Committee Report for the year ended 30. September 2025 M155ion and Ministry and Administration Board commitlees are members ex officio. There are also two lav members of Synod elected at Diocesan Synod. The Standing Committee has power tD fill ad interim vacancies occurring between meetiriES of Synod. A Diocesan Officer loi the Protection of Children and Vulnerable Adults is zppointed by the Bishop and is a member of the Standing Committee. The existing Trustees are lamiliar with the work of the Diocese and ihe regulatory framework of the Standing CommTttee having rnei to discuss the requirements and to ensure that training and advice 15 in plèce for new member5. New members of the Standing Cornmittee are given an induction and receive relevant support for their role on appointment. The remuneration of key personnel is determined on the basis of scale5 compiled by General Synod of the Scottish Episcopal Church. The Standing Committee has two pendant commttee5. The Mission and Minisir¥ Commiitee'5 remit 15 to encoura8e. accompany and resource local congregations and individuals on their journey of faith. Its remit also includes training for rninisiry and ministerial development. The Adminsstration Bosrd 15 concerned with the administration and day-to-day finances of the Diocese. It is responsible for the prepar3tion ol budgets and cash flows. the setting of quota contributions from charges. and the preparation of the annual accounts. rhe United Diocese ol Moray Ross and Caithne55 15 P3rt of rhe Scottish Episcopal Church which has 3 Provincial base in Edinburgh. The Provincial 5tructUfe doe5 not 3ffeci the operating policy of the Diocese on a day ¢0 day b3515. There is a General Synod of all seven Dioceses held annu811y and the Dlocese ts obliged io follow the decisions of General Synod. Plans for the fulure The Diocese will continue io develop and support the rni5sion of the church within the Highlands, Moray and Aberdeenshire by workin8 Wlth the local charges. Thi5 will include looking at how best lo implementing the Scotrish Episcopèl Church policy related to Net Zero and suppofiing clefBY in an ever more difficult financial climate. Approved by the Trusiees on and signed on its behalf bv.. Mosi Reverend M J Stran8e (Trustee)
United Diocese of Moray, Ross & Caithness Dlocesan Standing Committee Report for the year ended 30, September 2025 Statement of trustees, responsibilitles The trustee5 are responsible for preparing the Trustees, Annual Report and the financial siaternÉnt5 in accordancè with applicable law and United Kingdom Accounting Standard5 Ivnited Kingdom Generally Accepted Accountin8 Practice). The law applicable to tharities in Scotland requires thetrustees to prepare financièl statements for each financial year which give a true and fair view ol the state of affairs of the charity and of the incoming resources and application of resources ol the charity for that period. In preparin8 Ihese financial stalernents, the tiustees awe required to.. Select suitable accountin8 policies and then apply them ¢onsi5tenilv Observe the metho¢Js and principles in the Charities 50RP Make judgement5 and esiimates that are reasonable and prudent state whether applicable èCCOLrntinK 5randards have been followed, subject to any mèterial departures disclosed and explained in the financial statements and Prepare the financi31 statements on the going concern ba515 unless It is inappropriate to presume that the charity will continue in bu5ines5. The trustees are responsible for keeping proper accountine records that disclose with reasonable accuracy at any tirne the financial p05ition ol the charity and enable them to ensure rhai the financial statements comply wilh the Ch3ritie5 and Trustee Investment Iscoilandl Act 2005. the Charities Accounts (Scotlandl Regulèiions 2006 las amended) and the provisions of the charity's constitution. They are also Tesponsible for safeguarding the asset5 of the charity and hÈnce for taking reasonèble steps for the prevention and detection of frèud and other irregularities.
Independent Examiner's Report to the Trustees of the United Diocese of Moray Ross and Caithness I repori on the accounts of Ihe Trust for the ye3r ended 30 September 2025, which are set oul on pages 6 10 17. Respective responsibilities of trustees and examiner The charivs Iruslees are responsible for Ihe preparation of Ihe accounts in accordance with the terms of the Charities and Trustee Investment Iscollandl Act 2005 and the Charities Accounts (Scollandl Regulation$ 2006 la5 amended). The ¢harily Iruslees consider tho1 Ihe audit reguiremenl of Regulation 1011 Ila) lo Icl ol the 21)06 Accounts RegLslalions does nol apply. 11 is my responsibility lo examine the accounls as required under section 4411 Ilcl of the Act and lo stale whether particular mallers have Come to my allenlion. Basis of independent examlner's report My examination is carried out in ac¢ordance with Re9ulalion 11 of the 2006 Accounts Regulations as amended). An examination includes a review of the accounting records kepl by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the 3ccounls, and seeks explanations from the Ifustees concerning any such matters. Th& procedures undertaken do not provi(Je all the evidence Ihal would be required in an audit, and consequenlly l éo not express an audit opinion on the view given by the accounts. Independent examSner's statement In the course of my examination, no maller has come lo my allention". {11 which gives me reasonable cause lo believe Ihal in any material respect the requiremenls". lo keep accounting records in accordance with section 441111al of the 20D5 Act and Regulation 4 of ihe 2006 Accounting Regulations las amended) lo prepare accounts which accord w*lh the accounting fecords and comply wilh Regulation 8 of the 2006 Accounts Regulations las amended) have nol been mel.. or 121 to which, in my opinion, attention should be down in order to enable a proper understandin9 ol the accounts lo be reached Hollie Ma¢kay CA Independent ex2miner The In51ilule of Charlered Accountants of Scotlan A9 Accounlancy Limlled Elm House Cradlettall Business Park Inverness IV2 5GH
Statement of Financial Activities for the year ended 30th Seplember 2025 Unre51nGled Fu$ Restncled Funds ENMent Fund5 De5wnèi Fu5 T•tal 2025 2024 te 5 fiom.. Donation5 & legaknies Chaniabie activib¢S Inv0$1menl inco 202.7 159.470 12.9S9 374.9 73.5S7 22.094 276.056 204.415 12.959 493,432 265.604 143.669 17,579 4,$$2 17.650 5.000 17.850 95.652 caBntoNe 8Ciivibe$ Tot31 424.170 424170 2.604 2.604 1785D 17.850 150.$32 150.532 S95.156 595.156 493.631 493.631 Nfyi gains on inves1rn2n15 Plel InEome Tran5fer5 klween lums 29,789 29.789 171.9361 31,533 140,4031 80.708 2.396 Jt.$33 123.3481 I19.1) 2,39S Othergalns & losse5 NEI rnovemeni In funds .396 123.M81 140.4031 1.258.833 2.951 246 172 1.505 956 1.347.028 165.ODO 1.505.956 Property lniruCea Totsi lund5 carrd foMard 1,237.3b? S.347 222,824 1.465.553
Balance Sheet as at 30th September 2025 2025 2024 Notes Flxed As801S'. TangiNe A55etS Inv*stmenls Totsl fixed assets io 907.507 388.507 1,296.014 919,537 458.718 1.378.255 Current As8•t5'. D8biors Cash al bank and in hènd Toial Gurrenl assets 12 286.182 82,861 369,043 227.361 109.158 336.519 Crediiors.- amouTh15 falling due Vlilhin one yÈai Nei oJrrenl asspls Total asseis less GuEnt labilities 199,504 208.818 169.539 1,465,553 127,701 1.505.956 The fundo of the chafily.. Unresthcied funds Desi9naied funds Reslricled lunds Totsl charity funrjs 15 14 1,237.382 222,824 5.347 1.465.553 1.256.833 246.172 2.951 1.505.956 pproved by the Standing Cornmittee on and signed ori Ils behalf by.. Most Reverend M J Strange ITru5teel
Notes to the accounts for the year ended 30th September 2025 AccountSng poll¢i08 Ststemgnt of Compllanc• The fillanal Slatemenls have been prepared in aCrdanCe With A¢countin9 and RepDrting by Charitres". Slalemeni Df ReGornmeDded Piadice applic4b1e to charils preparing their3rUnIS In accordafice the Financi31 Reporting Siandaid applic8tAe In the UK and Republi¢ of Ireland IFRS 1021 leffeCVe 1 January 20191 and the Chaftlies and Twstee Inveslmenl (Scollandl Act 2005 and Ihe Ch8ri1ie5 Accoufits Iscoiiandl Re9vlation5 2006 las amended). B•sl¥ of PTeparatloo United Diocse of Moray. Ress and Cailhness meels the definition ol a pblIC benefit entity un¢er FRS 102. Ass&is ano liabilities are initially recognised al historical cost or Ir8ns?Gbon value unless Olhewse staled In Ihe rdevanl acctyjnbng policy notes The tharity has laken advantage ol the prowsion5 in the SORP fer charities not kn prepare a Staiemeni of Cash Flows. The financial sialemenis are prepared in sler1ing. 4Yhich Is the lunciional Of the charity. Monetary arnounis In these finanual statements are rounded 10 the ne8rÈ$i £ 1.3 Judg•rnents The use ol iud9ernenl when applying accounting policies is not deemed 10 have had a 51gnrfitni effect on Ihe amounts reCNIse In financial siaiefflellis. Key sour¢Ès of estimation and ufieortainties There are deemed to be no key sources ol eslimaiion wcertainty ¢)n Ihe carrying amounts of assets and liabili1185 induded hilhin Ihe financial slalernen15 Fund accounting poli¢y Unreslricled Income funds are general funds Ihai are available lor use al disCOn ol Ihe Trustee5 in furtherance ol Ihe objeGti¥e5 of the charity Desi9naled funds ¢oTnpr15e funds which have been sei aside ai the discretion ol the Snding Commiiiee for 5peryfi¢ piirpose5. The PUTposes and uses ol the designèied funds are sel Out In the notes 1¢ Ihe ar£ounts. Re5tricled funds are IhDse donated for use In a Particular area or lor specific purposes, the use ol which Is reslricled to thai area 01 purpose. 1.6 Transfers b&ten lund5 Trdn51ers bee funds are made at discretion ol the Trustee5. 1.7 In¢oming resources Donations Include. Ythere applicable. Gitt Aid T8x recovered thereor. and afe accounied for in the year ol recwpi. All other income is recrynised when il Is recÈi¥able. Grants Ihai pro%ryde Core funding or are of è 9eDeral nature are recognised where there is &niillemenl. certalniy ol re¢eipl and the amDuni ¢8n be MtraSur with sufficient r8liabilily Incomlng resources are alloraled 10 Ihe appropr5aie lund Ireslricled or unre51ricledl depending on whether nDI the donoi p18ces re51riclions upon the income. OefeThed Income r&pTe$eDis afnoun15 re*ived lor lulure peDods aad is released 10 incoming resources in the period forwhith il has been receive(l. Such income is only dEfwred thEn'. - The donor specifies thai the grant or don?Iion mu51 only be used in fulure accounling perioLIs'. oi The donor has Imposed condilions which rnusl be mei before the tharity has uncondiiional entitlement.
Notos to the accounts for the year onded 30th September 2025 ReSrS Expended Liabili1$ ale recrynised as Ptsn as is A legaloF ¢onslTuclive Oblatn¢0mmlltIng Ihe charfly io the eyndilvre All expenditu Is acGouTrted for¢n 8n a¢¢fu•15 515 and has beencla5Sified und1 hè8din9S Ihai 399regale all c0515 rel31 10 Ihe caiegory All resovices pxpen¢ed are classified under 8tY1ty 8419 that awregaie all costs ielated to the category. IetO¥er¥b1e VAT 15 chafged aqainsl the tatÈg0ryoI TÈsourts5 expended GovemAn¢e Eosis repSenIe9edIiU on the 9ovemarth of the OioEese. ran9lbl• fixd •Èsgts ¢Bproclallon Depreciation is prowded ai 1$ ¢81¢ulaled to Vnile ov ihe cost. 1¢$$ it'$ r65iLlual value of each assei ¢wer 115 expecied uselui Ille as follows Fieèholtt laThY and buiKin9S Fiklure5, fitting5 & equiprneni omoyIBr Eguiprnenl Moioi Vèhicles No dèpracialion ¢hargÈd 25 redtIng bality ba$is $rQ 25•A siraighlline 25QA iedwin9 balance b8s Depreci8titsn Is not ¢haiged on IreehDld land & buildirys as the tystsmaied residual value B not maienally IHereni from ihetaftwng valvp Thrs a liue fair ypewOvei-lidÈ Investmpnts tnve51fflents are sled at markei valuè as 8t jh Seplernber 2D25 and a he pnrnanly foran InvÈsimeii rèiutn. InvesimeThi$ Ire hold In the S¢01th Episcopal Church Unit Trust Pool- ¥ listed Inveslrneni. Unli wces are calculated monthly based ¢n sittk markelfluGIualior. G8ins kTr55es on revaluaiion of invesifnnls ¥rg lakEn the Slalerneni of Financial A¢iiwtitS In the riod In Mthich Ihe gain or ss an5e5. Cash and cash eoulv¥lnts Cash casfl equivèlÈnis In¢d& tash In 0. deposits held ai call wlh benks, Olhersh¢rt.ttrm liouid Investments 1th orlginal maTIt5 Of threè mnth8 or IFs5. and OveidrAfts Bank Ov•ftlrafts are sho% borrowings In curreni lialI11es. 1.12 Finanical Instruments The Chaiiiy ha5 elecieo apply Ihe Plowsions ol SErliDn 11'8a51c FinanciB1 In5tfuments sno Sè¢iiDn 12 'Olher Finan1 InstrumEn15 ol FRS 102 to all of Itsffin¥ntyol Instrutrnis Financial Instrumenis are rttognised in the chariV5 balance sheet ¥vtn Ihe thanty becomes p¥rtylo the conireciual provisions of the Insirumem Financial as$p15 and liabililiEs are off5ei, with Ihe nei amounts pre$enied In financi81 51at8ffjeS, tr.ere IS a le9ally enforceab figTh1 to Sel the recogni5ed amounis and IhÈr¢ i$sn inlThliDn to 59rt19 on 8ailt financl&l 5$8•1S easic financial ass£tS. whth Ir1 dBblors cash bank balances. are Inilially mtasvred aitransacion pnce Incl1 Iransactw costs and a Subsequpnlly¢arrieO al amortb5ed cosi Usin9 Ihe effecbve inieresi method Un55 the alngement con5blvie5 a financing Itansaclion. ¥herE ihe Iran5OCtion Is measured al tro ppesent value of the fulufe re¢thpls di5¢0unied at a Mael rate tyf Inr•¥i Fin3nci¥l ass815 c1aswlied ès recoivable Wlhsn one )eara Thot amortis¥a Qasie fifbafKial Iiabi1iiies, Includin9 crediiots and b8nk108ns arè IDilolly reco9niseO ai irar,$aciion price unle55
Notes to the accounts for the year ended 30th September 2025 thearTangemtrni constituies8 f4n3Ing iiansaciion. wheie Ihe debl in5trumEfflt Is meèsuF¢d ¥ilhB pre5efil vae0f thefutUTE payThent5dK%COunied ala rnathet rèie of Inieresi Finantyal Iiabilibes classifd as pae ihin ofje heal lte wi amDrbsed Debt instwment5 ale Sub5Èquemtycaryied gt arnwd cosg. usin9 IhEefteciNe Inierest r¥ rneihod Trade ueaiiots aiE obliga¢ioDsts pèy1 gotsJ5 Or SÈrviresthat have been aWVlTed In the Ordinaryrov of operalws Iiorn supleT?. AmounLs papble are cFassKiÈd a$ curreni 14401111S Il pa5ryrent Is duewthifi Dne ror 5$ ff wt. theyaiè piesenied as A<en119l1its1 Trede crettitsls afE T¢¢rgnised Iniballyèi Iransacw oncearQ Subsequenity wsUredalay5ed cost using the pffectsve Inteiesl method DerBcogfthiOn of t1nGla1 IlabljIe Finarntial'wbi111ies arè utretyJ9Tr15ed thtrchaTIty's contia¢tuil ObglOnS eAp'ie or3Te dischaw or canlIe Taxlcn The01(Se is BneXÈmch0ffjtyan&I$ nDt li¥ble Taxwthlnihe meaniry otihe T3XeS A¢ts. Aceordingtyills Exempt Iiorn taxation T¢siwI DI Income Èndcgpii gairt5tO Ihe extent Ih¥t 5u¢h Income oi gain5 are apo1ie& lo (h3ntrble purposes. Penslon5 The DILUse c0rtrlbuS ttyrf¢ards a defId Conthbution s¢heff 3dmin151eTed and oFerateo bythÉ S¢otti$h Episwpal Cbulch The assetsclihe 5chemE are held SeparalY10M ibose of the 0¢ese. Annu41Cowibuboffl5payatÈ9Fe (rge4 through the sent0( FinanGiJl Aciwiiiesas ttY payab in att0rdae thlh the wle5olth@ heYe Empiosres ol Ie DttÈsE reentiiled ihe peTrn scert)e L1C OiocEse makinw • nIribury at the iaie 0132 2% of siandaid slipents or salary ¢oncem Th¢ IruSlee5 Consider Ihèi thEie JTe rFo matenal uncemalniies abtyJl thè ¢h3nV5 abllilytOCOAbnue 10
Notes to the accounts for the year ended 30th September 2025 2025 2024 Unr•hknc Nute 2 Donallonts & L•oaEs Volunlaryincorrte Donaii¢nS Bishop'5Leni 8 appeBIs 189.976 12.525 6.2F5 7.206 42.0fj6 683 3.046 ,153 Cr05 Inn pro( GrP•0 s.000 17.991 73.557 202.5UI ie6.834 7e.710 3 ChorM4bT•A¢tl¥lll•s SECgrants &¢ts$an oper31ions SEC gra1$. Charges DPeQtiQtsy SEC yiant5- Pnmu$ Gran15 Itom bod5 Ho¥ilBIty chargBS Emp1Dyrneni alwance Fges sUry Incomè DundÈr¢al¢ FuttO- bthDPnC 43,607 90,641 s.000 18.566 45.892 14.576 26,874 185 10.979 2.819 4.348 4.005 ss 159,470 5.QOD IT.65U 22.Q94 88.101 10.979 28.874 )¥ SEC grants.0•$an opeiatlons Miss & Mini$lry Youth wofk 5.000 6.06b 3.47Z 31.533 5.784 3.485 2.697 Curacy 6.F0 18.566 3.607 5,000 Jb SÈC grJnts.CW•3 op•rallpns IDG Group ol ChuT¢he5 InvemE55 ¢, St Columba'5. Naiin St Annes sifalhppller Kliss*n support Stipend In¢rea5e Svport NOrtlIpSt Chètges Llunderd8le Fund diStNbuiiQn 15.560 12.453 6.433 12.B£ .330 16.196 21.599 8.D9B 8.475 9.549 8.495 12.100 22.094 45.892 28,874 I$1MPAt iilioTn EThdtyw¢menllunds RenLg1 income 2.654 12.959
N¢tes to the accounts for the year endèd 30th September 2025 ¥J25 2D24 r45 S ch4rilabl• othltlgs b45hop's &expensès lA1$n 8 minixtry seiartes &e%p8ns85 Curxy Cwls Prov4f1qYOIa kppeans DisbuTSÈd Curnmitteè & Syna#expense5 Dean'5 eKperpSe5 Loan rterest Wors&ip& mIn6Co5t5 Giapts p4Yab Supsw ¢QSts Y.365 17.89) 25.276 71.843 47.840 3.269 3.739 3,472 874 4.810 t22,674 1W,076 424,170 2.604 104.3EF 3.073 15D 532 49.589 123.294 8.038 85.128 E.538 2.604 17,880 e.o28 54 BiSThOP'5 Stiwnd •nd •Kp•ns1S Siippnd National Irsufènce Pen5rDn HDu5ity ttst5 Hospitslityco51S CAr8 trkYeleApwses 17.eso 32.e70 5.4 6.283 3,692 36 51,365 IF,a50 5b Dioc•san MIS5 & mlntslry Salaries & eAppllsg5 Sarfos, Nl & Fen$iO Stipend Incre3%4 Supgon 75.278 71.5C6 337 25.278 2025 2024 D1 ErJttoyr•N DM4 IrI1> Gr•nLs Pay•bl• Disbur58@ DI SEC granis SQ 2.024 48.589 1,000 26.261 soo 154 MISSIDn DEvelopmefit Be1ct Gr¥ni Reco¥ery& RewaI Funa 49.857 2.450 8.028 540 10.0 122.674 2,E04 49.589 8.028 5¢ OisburA•m•ni of sec iiantk Duntsprts FuThJ lor ChryBY 5upwrt for Charges Cur3¢ycosts slin0 Ilease Support Rgcovery& Renesw FutKI W.641 31.533 45.892 2.697 1.499 6.448 2.024 48.9 12
Notes to the accounts for the year ended 30th Septémber 2025 2025 ))24 SupportCo&ts rasU & PrtN15pA SaL3ry DIJ$ Regi5trè1 Wa1 Dfwe Cts5k 53.861 3.518 22.44B 16.310 15.W2 3.073 2.798 S74 YOuih¥%r De9recfjDn Rent. ratèE, ¢aniry & Insurance Hg8t& Iyhl. Ooc+s&n offLe$ Pmbng. po&la9ea Sl¥ry TèpbDn&8 fax DKKe$an h05Maity & qvèn InlÈrnet& comwt•Fco&Ls Dw)tE5anbuilfi)$p Trèwèl cos1 8ank sun05 Pffjfes£K>nal Fees InoèpèndefiTExaminetsleè 6.373 12.OJO 8.094 8,795 645 3.84B 3.172 3.944 290 3.273 3.166 6.£30 4.35? 287 614 621 643 449 5.422 2.220 123.294 190,078 3.073 Tht receE0 leesorrnrnynerdi¢n OufwJthB yBaiasfoikws'. PaymeThts weie lo thf?re& Rp91B5flrn for gal Sèwes Pffjvkfjett3rn¢¥nbng Johfi Smèrt Thè Tee PèHy the Re9rtrals Included the costol prewwthE Re9tr1¢offtt1lea Inleiest The cosi i$)eing wove¢d from Chaf9es i>vera io )p3-ppwd ¢[¢2,50? pcianTrum. The erndrture 5ils In tht ?C¢Ounis as a5sel Thè lo aVo¢aie ofthe sary Dftrg m?Da9erollhÈ Crdik lfjn LW t¢ Ihe Warden the Crask r¢1 ThL%fyureIepSnrs ttand i ye¥r¢osts The wan ofthtr C¢è5kwa5 pa a ryo1 22.44$ Shane The DkicÉsan TreasurI Prirnu$ PAwaS Pa¥J a sèthryof lDE Monaghan Iho*ppnd•nt Ekamirtors fftmun•vat4on 2025 2¢14 eAathlnalnO(lh@fwTrcOlSN7IeE15 2.220 13
Noles to the accounts for the year ended 30th September 2025 Tru$teo$ rernuneratlon and ¢xpensfrs Du'in9 ihe Star. Ihe Thocese Ihe Bisops saiaryamwniiw £50.96712024 £48,585) Tbeaultntyftsrvaent Of the salaryis Law. In panicular, Car8 PeTrsion ¢onirOutions 0118.31612024 £I1.251)li altso p• ttrthetsshop dufjn9 thar. Bi%hDP%¥as alsoproo¢Wlh tre use of 8 ¢8 PasrynEntsweie mp4eiothe DiLUSafi R¢sistsarf5fiTh fc ièuai SeIce5 FWvided 2mOUThting 10£11.103{2024 £28.5181 ThTreasurer&Pnrnus PA recttved 3 53laryol £39.051 5012D24 £27,921? Penson ¢onInbUns 01£9,201 12024 £8.9951 weie alsopai¢ bear. T Treasurer WAS E159 p314 [9.503 101 addiiofwi hows wthed £4.e44 1% as an s[ ln Ihe No PBllSW wnInlsWÈ Paidon addlOr1 hWr$ Dnn9th¢ tar Dioces? alsopaid extnses totruees è5 IDIIWA In te5Pe¢l houSIng. hosLlt811ty. mowrl ¥avei expense6 2025 6.649 3.472 2024 21.704 4,191 EmplOe8 2025 2024 ea Numbor ol omploy8èS The average numbw ol employees during the ye&r w35.. Clergy lission devÈlopment Warden Admmtstraiion The plOyee numbers are a head count and Indudes full and part Iirne employeès In posi at the year end. eb EmployTh*Dt cost5 Wages and Salae5 Taxes & sotsal security costs Pen&on t05ts 204.133 20.741 42.757 267.631 149.62S 12.997 40.545 203.168 The number of employees whose annual f8munÈra.9 wes more Ih8n £60.000 is as follows.. £60.000- £69.999 8¢ Pension The charily operates a ¢efined coDlnbulic>n pension scheme. The pension cost Charge for Ihe period represerrts contributions payable by the ¢harily lo Ihe Scheme and amount to E42.75712024 £40,S45I. The Option to conlDbule 8ddilion81 voluntary conthbvlions was made available 10 811 Dn the payToII. The curate's pension cDnlribuliuTI %vÈs Dutslanding ai the end ol ihe finanoal year. This ha5 been 8CCtued far In the accounts. No pension contribution was paid on the additional hours worked by Ihe Irea5urer. Taxaiion The Diocese has been accepted as a charity for lax purp)ses Relief is Iherelore due under Seclion 505 of tae Incorne and Corporaiion Taxe5 Aci 1988 under Soi1115h Ch8111y Numbef 004655 14
Notes to the accounts for the year ended 30th September 2025 10 Tèn9lblp fi¥ed 9SS•¢s FttD la& buildirng5 Motoi Vehcles FIXiu5. fil5s & eouipmè Towi AIOI 1024 AOdiliOnS DiswsI¥ AI 30 09.25 872,129 56.394 27.761 956.284 872.129 56.394 27.761 956.284 0gpr•clatio AI 01 10.24 Ch3r9e year AI 30.09.25 14.099 10.574 24.673 36.747 12.030 48.777 1,456 23,393 Not book valu• AI 30.09 25 871,41B 4,368 907.5D7 AI 30.09.24 871 Q18 42.295 5,824 919.537 IDa Lartd & Bu11ding Bishop's Hous ty¢e5?n Centre Si Matys church & flat. Ullapool Cfask Inn ImpfOv¢menls Si Pkpls In ihB Fields 280.125 175,420 240,COO 10,e74 165.000 871.418 InveslmBnts SEC Unil Tru51- lIsd Investments he pnrnanlylor 8n Investment leM Unreslncied fu Toial Units 30 09.25 11.f62 Markei vèluE 30 09 24 458,71B 100,OOD 29,789 388,907 458.718 100.000 29.789 388.507 rkei val aéiuslment 10 25 MJrket value ai 30 09 25 Deblorj 2025 2024 Prepaymenis PTWJ accrued ifleome C¥rlty8ns Oiher deblo 20.279 6,946 258,957 286,182 12.136 197.404 227.361 13 ¢fodltors.' amounts lalling due wiihin on• yBAr 2025 20Z4 Trade Creditors 5.465 21.0 12,137 fj,623 31.345 15,816 2,273 152.760 208,818 A¢cfuals Defeffett Incamtr .- ¢re¢ilor5 15B,691 199.S04 Oelpried InEorr Is made up 6$ rollov.. Provinrial graDI unused 1,651 2.273 15
Notes to the accounts for the year ended 30th Septernber 2025 14 Dv51on•t•d Fund% ThÈ l¥nds¢l Diocese IldE Ihe lolbwing de5wJnaied luTrds whth have been set&se Dut VIre$in¢led (u$bythe OIOCekan sthndill9 Committee loi purposes Restsurc8¥ oxpended Tran$leTS Note re60urces 3009.25 DundeTdale Ftsnd DiscemmÈnl Grant Fvn¢J RtUEat5 525 646 4.8OS 5,809 188.052 3.073 10.414 IDI,803 7.401 soo Crask hin MISS PIoYtsitsn Lenl & Appehi Funds Church Renewal Fund Spey5ide IAIsston Transrtlon North We51 Charges ProvIn DIDcesÈTr EveDIS YIEbsiie M3intenarKe oitice Equipmeni 6.275 42.Ob6 7.206 .670 160,689 32.354 32.155 31.655 1,500 28,4e5 1.499 25.278 1,2D7 4,047 2.177 3.500 2.814 246.172 4,047 3.500 95.652 150.532 31,533 222.B24 The DLhideid>le Fund is lobe used loi Ihe 5uppDrt Dlchsrges Infinala1 red The DCErmeTht Granl FuTrd wa5 Gei up 10 PFuvide small gfBntS 10 Ie 9Dln9lhmullh Iht pro¢ess Df Oiscemmeni The tyafiylion grani wa5 set UF tD 85515t Charges with thE 1ncrea5e In 51ipenJ casts Th• Rtreats Fund IS fjèrmathed 10 aSSiSI IhE fInC.n9 ofc1ergy8ndorlayreèis The C-.a5k Fun¢ represents knnds rec&ived and distnbuted In r21aln 10 seNice6 The Training Scheme IBceive5 payrnenis Irom trainees io Cover hecosi ol pro019 ihE Cuus. Fufid$ ¢arrieJ forward The A•$$ Provisn lulld Is $Jworf missian inpliatyves an ihe DceO Te LoniAppeèi Fund iepiesen15 Suths lor ¥¢ific 8PPÈals&s dKideo bythe &5hpp In¢on5utsbonwilh the sisnding Comm5tt GTouped Char9e5& lunded frn muttipiÈsouTCSsuGh 3scon9roiatns. OiocesAn tyon155 Provlncial9iAnis. The provision$ arc o means Df$p¢adin9the GQSldÈxpBndiluffrtyer e nuMb0[YearS sothai 8 m•iorou114ydoEI nDI Imp&ct £JvÈ(5elyDn a Singk ye8r. 14A RtC¢n¢i1iaOfi in moven*nlotfvnd5 wllh lh• SOFA SOFA Diiecl c051S 146.1e61 1104.387 Mo¥iment On fund ResDthCES exppnded 150.$32 150532
Notes to the aceounts for the year ended 30th Sept¢mber 2025 202$ 2021 te ai8rKeai 01 10 24 PropEnV iNr¢duced Urneè415ed gaiWo552S(hi In4¢SknW5 sj02ficlI olinetsme 1.256.833 165.000 60.708 19.6001 39,189 8alEr al 30 09 25 1.23T, 1.286.633 The G¢neiai IS a ¢ombiMlI0f1urQS Dioceso wi tèwrnakndfor pufpDS¢5 16 RstriEl•d lund Irrtomi •SOurces eKpÈrOeo 30092$ Restiicied 2.951 5.QQO 2.604 5.347 ThereStrle0 Ws arem)Je upola gianlfrom The SenETath i5To tyyine cwiy foi ctsniètye givrry t4cifi crrfiSt4anotganl$3tiOrtS SEC 1DrI deiopJtrt o(ffllSSion trEaSEsh9lrn area An¥11$1 n¢¢ beten lund UrtresiiiLYEd Re5tnct Oeggnèted Tclal Furyj balantes ai 30.0925setedby T3ryiblefId as5eis Irw51mèNs CuTrenlSa55ets Cfedil(K5 90T SD7 356.852 31.655 3t8.SO¥ 369.043 199.504 1 468 S53 5.347 199.504 .237.382 5.347 122.824 14ondi¢Ctln fvfids fe¢iiYod indd15burned 015k¥sed 6318e her SIThrnlaVweU 2,369 2.910 1>f.226 103.795 26.Y10 2.910 5aleolCailhhèss Par50W(t CÈr4ral payme¢$t1ps 88.e21 373.647 376.$56 368.630 388.620 sira1hbn ?rp furt5trdd foTuSeby IhpDe4Thlar ofife MèuSolBU Slipands anJ5alane5 a pale92TlEssOfINei Ihc knnds have bp.en rE[Ved frDrn ¢r4r9?S bylhtd818ofwm¢ 19 Ri•tsd pan1•5 TIèCia5K In? Ltdwa5 IUrpDr51l4in Jfje 20231onJn Ttte Cra5k lfjn0nbholt1r cKinly year haw paid expensos¢1£3S.327 60 12024 £68.1T1}OnbeIl0ffTtr Cr3 Inn Lld The iThbthiwa',IDnC051sweie ¢OnSered nDI lo )e a Irèdiry cost ar IF irnaunl InciyJpd CTask InALtd liability bvas ty£11044 IroSecQ515we-,clrafbsleffJJ ofe$5101 lees Fumaer gSSOme oflh2work beiry urfertaken byif tha1ge[ reLaiesioihe POSiliDnoltht bV4idpnalthèCrè5k. IF3 DTlhc payioii ¢0$15 foiltr Curftèrt yeèrbnQ hr51Qlitallywastran5fwrgd ID wa9esafftd 5alanp ThB1Qtal Ov¢ y5£T9.86655 7hE8eexper.se$YJill be rerthd toir ctsnTy indue CO
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