Scottish Charity No.SC005332
St Peter's Episcopal Church: Stornoway
Trustees, Report and Receipts and Payments Account
For the Year Ended 30 September 2024

St Peter's Episcopal Church.. Stornoway
Contents of the Financial Statements for the year ended30 Septen7ber 2024
Page
Church Inf0m￿tiOn
RekK)rt of the Trust
Re￿rt of the Independent Examiner
R￿eipts and Payments Account
ststement of Balan￿S
Notes to the Accounts
7-10

St Peter's Episcopal Church: Stornoway
Churth Inforniation
Registered Charity number
SC005332
Address
Bankers
Royal Bank of kouand
17 North Street
Stornoway
Isle of
HSI 2XH
Tndependent Examiner
63 Kenneth Street
StortK>Way
IS￿ of Lewis
HSI 2DS

St Peter's Episcopal Church: Stornoway
Report of the Trustees
The Trustees present their report together with the Rereipts and Payments kcount of the charity for the
year ended 30 Septsmber 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Structure, Governance and Management
St Peter's Episcopalian Church.. Stornowèy is an unincorporated association, governed by a constitutyon
dated 1875 and last amended in 1995. As a member congregation of the Diocese of Argyll and the Isle5
in the Scottish Episcopal Church, it 15 also governed by Canon Law and the Digest of Resolutions of the
Scottish Episcopal Church. The management team of the Church is known as the Vestry. For the purposes
of charities law, the members of the Vestry are the Chanty Trustees of the Church. Detsi15 of the Vestry
members are given on page l.
Apart from the Rector, ordinary Vestry memLErs are elected by the Q>ngregation at the annual meeting.
The Treasurer and Secretary are app)Inted by the Vestry arvj do not have to be elected at the annual
meeting. At least one member retires at the annual meetino, generally the longest serving and will not be
eligible to be re*lected that year. If there is more than one member in that category, the member to retire
shall be chosen by lot. Two vestry memLErs (the rector's warden and the church warden) are appointed
by the Rector. The Rector is aptJ)inted by the Vestry and the Bishop of the DKKese.
New vestry members a￿ given an induction pad( outlining their rdes and responsbilities. The vesty
secretary regulaily updates other members of the vestry on relevant changes in legislation and prnrti
relating to charities
Relationship with Diocese and Province
St Peters Episcopal Church: Stornoway is SUFP)rted by the Diocese and the Provin￿ through the pastoral
oversght of the Bishop, central suppc>rt funrtions provided at tlocesin level and grants frotn ￿ntral funds.
The church is represented at Diocesan level by the Rector and the Lay Representative. As a memLEr of
the SEC, St Peter'5 has an obligation to contribute to the costs of the DiiKese and the Province through
payment of an annual 'quota'. This amount is based on the relative level of inujme of the church in
comparison with that of other churches in the Diocese and Province.
Vestry Responsibilities
The vestry is responsible for managing and safeguarding the assets of the church, and assist the Rector in
matters affecting the spiritual welfare of the congregation. They are also respon&ble for keeping proper
ccounting records and ensurirKJ that the accounts are prepared In accordan￿ with the terms of the
Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations
2006. The vestry regularly considers the risks fa￿d by St Peterfs and ensur￿ that appropriate risk
management procedures are in pla￿ to mitigate those risks.

St Peter's Episcopal Church: Stornoway
Report of the Trustees
FINANCIAL REVIEW
Results for the year
The receipfs and payments account for year is set out in pages 5 to 10.
At 30 sept￿nber 2024 the Unrestricted General Fund had a balarte of £5,158 {2023 - £38,790). Thwe
was akn an Unrestricted Designated Fund relatyng to the St Moluag's Restoration which at 30 September
2024 had a balance of £20,(X)012023 - £20,000). Restricted funds as at 30 SeptemiEr 2024 were made
up from the St Noluag's RestoratK)n Fund £2,000 12023 - NIL) the Windows FLJnd £14,998 (2023
É14,998), the Mission Seed Fund £1112023 - £111, the Altar Hower Fund £25512023 - E2681, the Sister
aare Memorial Fund E500 (2023- £5001, and the lona Pilgrinwge Fund £B80 {2023- £9801. Total reserves
amounted to £43,802 (2023 - £81,719).
Reserves Policy
St Peterfs E￿5£￿paI Churd): Stornoway's reserve5 fall into the category of unrestricted and restrirted fvnds.
Unrestrirted fund5 can be spent on any relevant activity; restricted fijnds can only be spent on a defin8
arts'vity.
The Vestry has a(Jopted a policy of trying to maintain a level of unrestrKted reserves sud) that, in the event
of a swJnificant drop in inconE, the church would be able to maintain its current level of activities for a
reasonable ￿rIOd until replacement funding is obtained.
Investment policy and objectives
Monies which are not needed to fund day to day expEnditure, are Invested in the Scottish Episcopal Churd)
Unit Trust Pwl {￿P), administered by Baillie Gifford. The investment tx)licy of the Lrrp, which accords
wrth that of the vestry, is to earn a return on the assets, over the long tem, sufficient to maintain the real
value of the distribution to unit holders. The ￿p has developEd an ethical investment w)Iicy. No
investments will be rnade in Cofnpanies which derive more than 15% of their revenue from tobacco,
garnLling or armaments. The majority of the Ltrp is invested in UK eyuities.
CONCLUSION
The memtrers of the Vestry would like to thank all those who contribute their time, energy and money 50
generoU￿Y to ensure the continuab'on and devdopn*nt of St Peter's Episcopal Church: Stornoway as a
centre of worship and a focus for the community.
Approved by order of the board of trustees and &gned on its behalf:
Date-

St Peter's Episcopal Church: Stornoway
Report of the Independent Examiner to the Trustees for the year eThled30Septemkn2024
I report on the accounts of the d)urch fix the year ended 30 SeptemL*r 2024 which are set out on pages
5tolO.
Respectlve respDn5ibilities of trnstees and examiner
The charitys trustees are reswjnsble for the preparation of the accounts in accordan￿ with the temis of
the Charities and Trustee Investment Iscodand) Art 2005 and the Charib'es Accounts (Scotland)
Regulati¢)n5 2006. The charity trustees consider that the atKJit requirement of Regulation 10{11 {dl of the
Accounts Reguk3bons does not apply. It is my resrK>nsibility to examine the accounts a5 rEvuir￿1 under
section 4411) Icl of the Att and to state whether part￿ular matters have (Dme to my attention.
Basis of independent examlner's statement
My examination is carried out in ￿COrdanCe wfch Regulation 11 of the Charities ALrounts Iscodand)
Regulations 2006. An eXaMinat￿n includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those words. It also indudes consideration of any unusual
itWll5 or disclosures in the accounts, and seeks explanations from the trustees Con￿rning such matters.
The pl￿edureS undertaken do not provide all the e￿den￿ that would tre required in an audit, and
Conseq￿ndY I do rM)t expre$5 an audit ¢)pinion on the view given by the acciiunts.
Independent Examlners. Statement
In the course of my examination, rK) matter has come to my attention
l. whith gives [1￿ reasonable cause to believe that in any material respect the requirements..
to keep accounting records In accordan￿ with Sethon 44111 (a) of the 2005 Act and RegulatDn 4
of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the
2006 Accounts Regulations
have not teen met, or
2. to which, in my opinion, attention should ￿ drawn in order to enable a proper urKler5tanding of the
accounts to ￿ reached.
Address:
CIB sery1￿5
63 Kenr*th Street
Stornoway
I￿e of Lewis
HSI 2DS
Date:
16, 11 14

St Peter's Episcopal Church: Stornoway
Receipts and Payments Account
Year ended 30 September 2024
Unrestrfcted Restricted
Fund
Funds
2024
2024
Total
2024
Total
2023
Recei
Voluntsry Income
Intome from Charltsble Actyvit
Inve51rnent
62,236
3,936
12,518
4,735
62,929
597
66.971
66,865
13,115
92,554
14.993
10,809
78,690
68.261
146.951
118,356
Other incomlng regouces
Heat & ￿ght Refurkl - Newt￿ Hall
Total R
78.690
146 951
ments
Charitable activities
Governance costs
105,250
1,820
77.798
183,048
1,820
90.193
1,576
Total P
ments
107 070
77,798
Net Receiptsl(Payments) for the
year before transfers
(28.380)
(9.537} {37,9171
26.587
Transfers
15.2521
5,252
Surplusl{Deficit) for the year
(33,632)
(4.2851 (37,917)
26,587

St Peter's Episcopal Church: Stornoway
ststement of Balances
At 30 SeptemtEr 2024
Unrnstricted Restrlcted
Fund
Funds
2024
2024
Totsl
2024
Totsl
2023
Bank & der*)gt baknc
tKought forward
58.790
22,929
81,719
55.132
Movement In year:
Excess of Receipts over PaynEnts for the year
133,6321
14,2851
137.917)
26,587
Bank & dem trx4L4r
carried fowward
itional I
Foxed Assets
InVeStm￿ts
31,177
31,177
27,055
Current assets
Llabilities
Accruals
510
510
The Accounts detailed on pages 5 to 10 were approval by the Trustees on t￿1r ￿ha
by the urbdernoted.
IrLLStee
Trust
Date..
ZWii/ zr
Date..
/ii/ z

St Peter's Episcopal Church: Stornoway
Notes to the Accounts
Year e￿e0 30 Septetnber 2024
l. Accounttn9 Pol*ies
The financial 5tstefflents have preparett under htstoricai cost conven¥￿, and under the gU￿el￿e3 laid dow
in &&ernenr of Recotntnended Pracuty- Accountlng and Rewrtin9 by ch*it￿￿ (rev15ed 2W61
The fi￿n0a1 ststetnents have been p*par￿ on a rLrelOs and payments ba51s
volurtary itKorne bank In￿$1 Is acuunted for when receivea.
For Ihe pwwsè of the ststenErf of ealaKe as shown on page 6, fund5 are defined a5 fo￿0￿$..
VThrethctrd fvnd$ (wyri￿ grants and Olher IFKome recelved for the objects of th2 church wIth￿l further
5pecrfied purrA)se and a¢ avèilable as general funds
Re5trKted fund$ comprise Inco￿￿ whlch has been rec*ved for objecis cl tr* church and 5pwr￿a for a
stn(ted purwse wrthin obJett5 by tIE doror
L Remunerdtk)n and Related PartyTransactloTr$
Nor* of the vestry members receive any remuneration relatsn9 to th￿r a5 ve*ry fflembe￿ There wa5
reitnbur5ement of exwn*sto Trustees dunng the year.

St Peter's Episcopal Church: Stomoway
Notes to the Accounts
Y￿t wd&130 SeNefflter 2024
iOc*
130sep
2D13 Re￿Ipts Payrn•Trts fvn%f4rs 2024
norhl Fund
38,7UW 78.
107,070
5t P¢5ttyatvJn Fund
20.QOO
58,79) 7e.6YJ i07￿0
5.25
25.158
The GBnernl enc(rya5Tes all Int(xn2 ?￿d e¥p¥thre rebvng to thè yim
I(￿$ of thecFwity, othEr than thcb5e f￿nd￿l
Th• St Fur* rekte5 w m￿￿5 Set bv tne T￿Str￿ 10 be
the St bkluJ)'5 Rtyoratty.
urtb FabrK Re5totatth Fund
sr M￿￿.$ Re5EoraFkn FJnJ
WKthwt5 PyThd
Sea* Pund
6,152
66.072
71,431
5.207
14.
14.998
5ferOare MÉYnrYKII Fur
202
s￿
Uknine Fut
P*y F￿d
Iong hlgrimtyè Fu
45
45
22.929
77.798
5.252
L8.641
Tutsl fw¥$
184.868
43.8D
Churth F4briC Réstorakn Fund." Irit(￿￿e￿￿￿t￿erd￿t￿&8r￿wYtOttQ rtyiir a
ma￿er￿(e0f the Church bU1￿1n4*
st Molual's Funo.. Inc(X￿¥￿ex￿*weo*t￿o tothE re￿311 a￿j
m91ni￿an(e ol ihe St M(luag's ￿lf￿￿5
fv￿.. Incthnean¢ re￿￿g ¢OtheTepaiT d the chuKh
FuTrJ.' Rdète5 to and further wlreath
cgmrnynity
Aiiar NO￿rS Fwnd: Re￿ to for the the prov￿￿ ofAbi
Sk%ierCkive Memthal Furf.. Relaie5tOa MnOe514ty1sW ttseytknethe ith (hr￿K￿n
ihn)ugh poetrY￿d
SpÈdal R*te5torrK¥*5 ewded to ¥ec#* Wr￿
Llkvairn Fwfftd- Relate5tornm 5PXif¢aty tts￿p r@wethesitL*t￿ kn UkJainÈ.
Godw Pky Fund. ￿test0 ￿￿1￿5 ewLbJ tothefknyy P*
tMkJiHrbhqe to I0￿.
TTrnsfws dunng the fthertl to ftestr*ted Funts to Cymr dÈfKts Tri Re5trKtyJ Fuod5 èt yeai

St Peter's Episcopal Church: Stomoway
Notes to the Accounts
Year en￿ 30 September 2024
Restrthd
T(tsi
2024
To
2023
Fund
24.1S1
28,429
O￿all￿9
Grfla
Le￿￿￿5
WwMinq5 & Fwvals
￿L¢￿￿e
3.231
4.735
5,262
28,592
28.59
50.805
62.236
4.73S
66.971
92.5Y
S.
MllliSteFlal le[e￿ lirKn DKKe5e
Grants
Churth F*ll
13.384
972
61929
65,829
1.036
1,036
￿p$t(
6$
262
3,936
62.929
t5 fE(eNed
In¥e51mEllt IntiXnÈ
10,937
li
597
692
692
10,809
T(Aal
2024
Toial
2023
1,814
Rttt(xy courtil tax Y*tÈr
heatand I
Rethry MNimt￿￿and re￿
Retttsy ID￿rance
2,333
48,955
693
911
21080
2,877
48.955
941
22.08D
2.877
79.746
19.4
3.￿2
Cbur(h bU1￿1￿q tosts
Churth mainterw￿artd tg)è
quikwi wryha5es
W[￿hIp expen
FknweF Fund
1.892
250
4.222
202
p(*r4e. staiww
rtisl
web51teem￿5e5
OU*r ￿1*11￿5. win
l)¥*r trJilyINS- Tunnno costs
Tra4yJ and Sy￿ extwse5
LKen5mq
25
25
13,489
1.630
4.839
1.579
L.630
4.839
273
2W
55
FUfidra￿Thj costs
45
45
1.(67
Trtinmg c¢sts
8JnkCharges
87
243
105.250
77.7
183.Q48
SV.193

St Peter's Episcopal Church: Stornowav
Notes to the Accounts
Yegrwoed 30 ￿￿•￿ter2024
2024
2023
EMTrinw5' reM￿￿￿l￿n
LEgalE￿ fee5
486
1.576
sts1r￿￿tsa￿d
T(tsl
2024
Tijlal
2023
Fu￿1
Fund5
W•Jp5*
IB14
28.264
9,607
The thp5wf%Yasas
2024
2023
npbyees recefftd Exce55dE60,0
10. Gr•Trts Rerdved
r*neral Re5trK
Fu
Fund5
T(*al
2024
2023
DkKe5e. Re￿￿ & R¥w4è1 Fund
DKKeSe. Dun(*rth
DKKese. Grani Fjnd
972
62.929
62.929
62,929
65.829
11. SECU￿rr￿rt Popl
The thurth trths 1022 Ihe SEC UntTrust Ptsy and tr(Kn th15 swrce we M ihe
Iwrkied Funos
AfurthEr 686yThits¥ecAwna by thèwillkim NE￿Ke￿zPTr[s¢ but ihe $ Daid ttsthe(hutth and In
the Re5trKted Fu
Dur￿¢ ihe Y￿[. thÈchurch ffla¢e 8xyk3￿cOI￿l￿lS. ThethThds WEre pa￿ thJrlt* and
are In ts* ￿t¢￿ts. Ftr wr¢¥)se5. theamrNJnts ￿ette￿ ￿Tre3Sf￿￿￿S'.
Toral
2024
Total
The Gambk Partffl￿h
Lkni¢ef- Uktaine
Mxmillèn orter sUp￿t
Heart
16
1,276
629
swds
350
Ethe