Scottish Charity No.SC005332 St Peter's Episcopal Church: Stornoway Trustees, Report and Receipts and Payments Account For the Year Ended 30 September 2025 St Peter's Episcopal Church: Stornoway Contents of the Financial Statements for the year ended 30 September 2025 Page Church Information Report of the Trustees Report of the IndetEndent Examiner Receipts and Payments Account Statement of Balan￿$ Note5 to the Accounts 7-10 St Peter's Episcopal Church: Stornoway Church Inf0m￿tion Registered Charity number SC005332 Address Franas Street stornoway I￿e of Lewis HSI 2NF Principal Off The Treasurer 22 Upper Aird Point Isle of Lewis HS2 OEX Trustees Rev Jcmly Szoke Donald MCK Marion Mackay Sally McKim Margaret Eaves 'sbeth Dunne Neil Davis Peter Harlington Ron Stout Helen adfield Sue WIlsDn Anne Edwards Dorothy Ce%ford chrisb.ne McKee Allana Milligan Chairperson Treasurer Lay rep￿Sents￿"Ve IAppK>inted 301101241 (Resigned 011121241 Secretary {Resigned 01112124) {Resigned 01112124} Alternative Lay Representative T￿asurer (from OllJ2124) PVG Cwrdinator (Appointed 01112124) {Apwinted 01112124) Bankers Royal Bank of Scodand 17 North Beach Street Stornoway ]￿e of Lewis H51 2XH Independent Examiner John Moffat BA FCA CIB krvices Charte￿d Accountants 63 Kenneth Street Stornoway ]￿e of Lewis HSI 2DS St Peter's Episcopal Church: Stornoway Report of the Trustees The Trustee5 present their reixyt together with the R￿eipts and Payments Account of the charity for tl year ended 30 September 2025. STRucfuRE, GOVERNANCE AND MANAGEMENT Structure, Governance and Management St Peter's Episcopal Church.. Stomoway is an uninmrporated as9xiatson, governed by a constitution da￿j 1875 and last amended in 2022. As a mermber cong￿gatIon of the Diocese of Argyll and the I￿e5 In the Scottish Episcopal Church, It is also governed by CanDn Law and the Digest of Reg)lutions of the Scottish Episcopal Church. The management team of the Church is known as the Vestry. For the wrposes of charitr'es law, the memiErs of the Vesty are the Charty Trustees of the Church. Details of the Vestry members are given on page l. Apart from the Rector, ordinary Vestry members are elect&1 by the CongregatK>n at the annual meeting. The Treasurer and Secretary are ap￿inted by the Vestry ar￿ do not have to be elecied at the annual meeting. At least one ffember retires at the annual meeting, generally the1ongest serving and will not I eligible to be r*elected that year. If the￿ is mre than one member in that category, the member to retire shall iE cho*n by lot. The Rector's warden is apwinted by the Rector. The RectOT is appointed by the Vestry and the &'shop of the Ditxese. New vestry members are given an induction pack outlining their roles and re5pon9bilities. The vestry secretary regularly updates other members of the vestry on relevant change5 in legislation and pract relating to charities Relationship with Diocese and Pmince St Peterfs Episcopal Church: Stornoway is supry)rtLxl by the DICKe￿ and the Province through the pastoral oversight of the Bishop, ￿ntral support funthons provided at Di0￿$an level and grants from central funds. The d)urch is represented at DIc￿eSan ￿Ve1 by the Rector and the Lay Representative. As a member of the SEC, St Peterfs has an obligabon to contribute to the costs of the Di(tese and the Prownce through payment of an annual 'quota'. This amount is based (M) the rdative level of ino)me of the chtjrch in comparison with that of other churches in the Dia￿Se and Provin￿. Vestry Responsibilities The vestry Is respDnsble for rnanaging and safeguarding the assets Df the church, and assist the Rector in matters affecting the spiritual welfare of the corvjregation. They are also respc>nsible for keeping proper accounting records and ensuTing that the accounts are prepared in accordan￿ with the tems of the Charities and Trustee Investment {Scotland) Art 2005 and the Charities Accounts (Scotland) Regulations 2006. The vestry regularly considers the risks fa￿d by St Peterfs and ensures that appropriate risk management prO￿dureS are in pla￿ to mits.gate those risks. St Peter's Episcopal Church: Stornoway Report of the Trustees FINANCIAL REVIEW Results for the year The re￿iptS and payments account for the year is set out In pages 5 to 10. At 30 Septemtrtr 2025 the Unrestricted General Fund had a balance of £10,404 (2024 - £5,158). [￿e to the delay in recewing the Mad(enzie TrLJSt funding for 2025, the Unrestricted Designated Fund ￿lating to the St Molvag s Restoration, which at 30 September 2024 had a balance of £20,000, was transferred back to the &neral Fund. Tr intention is to restore the designated fund orKe the Mackenzie Trust fvnding has been r￿1ved. Restricted funds as at 30 *ptember 2025 were made up from the St Moluag's Restoration Fund £5,927 {2024 - E2,(NJO), the Windows Fund £14,99812024 - £14,998}, the Misson Seed Fund £61 12024 £111, the A￿ar Flower Fund É228 {2024 - £2551, the Sister Clare Mefflorial Fund £500 (2024 £5001, the Special Collections Fund £613 12024 - NIL), and the Pilgrimage Fund (previously named the lona Pilgrimage Fund) £880 {2024 - £8801. Total reserves arnounted to £33,611 (2024 - £43,802}. The investments in the S￿￿'sh E￿.￿0PaI Church Unit Tr￿ P(x)I were sold duriThJ the year, realising a totsl of É31,099. Reserves Policy St Peterf5 Episo)pal Church.. Stornowavs ￿serveS fall into the category of U￿r￿tricted and restricted funds. UnrestriLtsd funds can iE spent on any relevant acbvity,. restrirted bjnds can only be spEnt on a defined activity. The Vestry has adopted a policy of trying to maintsin a level of unrestrlrted reseNes sjch that, in the event of a sgnificant drop in income, the church would be able to maintsin its current level of activity.es for a reasonable periLKI until replacement funding is obtained. Investment poltcy and objectives Monies which are not needed tr) fund day to day expend￿ure, are invested in the Scottish Episcopal Church Unit Trust Pwl (UTP}, administered by Baillie Gifford. The investment pxjlicy of the LtfP, which accords with that of the vestry, is to earn a return on the assets, over the long term, sufficient to maintsin the rea1 value of the distribution to unit holders. The has developed an ethical investment policy. No investrTtnts will be made in companies which derive more than 150A of their revenue from tobacco, gamblin9 or armaments. The majority of the Ltrp is invested in UK equities. CONCLUSION The members of the Vestry would like to thank all tho* who C￿tribute their tirrt, energy and money generously to ensure the continuation and development of St Peter's Episcopal Church: Stornoway as a ntre of worship and a ftKus for the community. Approved by order of the board of trustees and sgned on its behalf: Trustee Date.. 3o1as St Peter's Episcopal Church: Stornoway Report of the indeperbdent Examlner to the Trustees for t1￿ year ended30 Septem&*r2025 I report on the accovnts of the church for the year erKled Xl September 2025 which are set out on pages 5ttslO. Respectlve responsibilitles of trustees and examlner The charity's trustee5 are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the (harities Accounts Iscotland) Regvlatsons 2006. The charity trLJStees conyder that the audit requirement of Regulation 1011) (d) of the Accounts Regulabons d(Es not apply. It is my reS￿nsIbilIty to examine the accounts as required under sertion 4411) Ic) of the Act and Io state whether particular matters have come to my attention. Basis of independent examinerfs ststement My examination is carried out in accordance with Regulation 11 of the Charities Acrounts (Scotlandl Regulations 2006. An examinatK)n includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and See￿ explanations from the trustees Con￿rning such matters. The pr(Kedures undertaken do not provide all the eVKJell￿ that would required in an a￿lIt, and conseqijently I do not express an audit opinion on the view giveri by the accounts. Independent Examiners, Statement In the course of my examination, m matter has come to my attention l. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Settion Hlll {a) of the 2005 Act and Regylab"(>n 4 of the 2006 Accounts Regulations, and to prepare accounts which acccwd with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulats'ons have not iEen rrEt, or 2. to which, in my orNnion, attention should be drawn in order to enable a proper understandir)g of the accourits to LE re hed. Name: loh Moffat 8A FC4 Institute of Chartered Accountants in England an¢J Wales Address.. CIB Services Chartered Accountants 63 Kenneth Street Stomtsway Isle of Lewis HSI 2DS Date- St Peter's Episcopal Church: Stornoway Receipts and Payments Account Year ended 30 September 2025 Unrestricted Restrlcted Fund Funds 2025 2025 Totsl 2025 Total 2024 Voluntsry Income Incotne from charitsb￿ Activities Investment Income 34,893 31,734 42,144 6.628 12,504 679 41,521 44,238 42,823 66,971 66,865 13,115 108,771 19,811 128,582 146.951 Other incomin9 resouces 108 771 Charitable activities Govemance costs 109,281 28.5C 137,789 183,048 1.820 Ipa me IL0265 138 773 Net Receiptsl(Payments) for the year before transfers (1,494) (8.697) (10.191) (37,917) Transfers 113,2601 I3,2￿) Surplusl(Deficit) for the year (14,754) 4.563 (10.191} (37,917) St Peter's Episcopal Church: Stornoway Statement of Balances At 30 September 2025 Unrestricted Restricted Fund Funds 2025 2025 Totsl 2025 Totsl 2024 nk&De sit Bal Bank & derosit baL3nTrs brought forward 25,158 18,644 43.802 81,719 Movement in year: Exce55 of Receipts over Payments for the year IL4.7541 4,563 110,1911 137,9171 Bank & de￿￿1t balarKe5 carried forward Fixed Assets Inv&tments 31,177 31,177 CU￿nt assets Debtor 2,096 2,096 2.096 Liabilltles Accruals 564 sio Tre Accounts detailed on pages 5 to 10 were approveij by the Trustees and svjned on their behalf by the undemoted. Trustee Tr￿t ,,L Lifrj Date.. 'Ao. 11 I Date.. St Peter's Episcopal Church: Stornoway Notes to the Accounts Year erKlèY 30 September 2025 l. ACCO￿tIng Pollcles The financial 5tatement5 have been prepared under the historical c05t conventK)n, and under the guidelmes laid down the statement of Recomtnended Prattice- Accounting and Reporting by thritie5 (revised 20061 The financial statÈments have prepared on a receipts and PByrr*nts ba$s I voluntary Income and bank interest Ls accounted for when received. For the purw5e of the statgnent Balan￿ as shown on pa￿ 6. are defiw1 as follows.. Unresirirted comprise grants and other income receNed for the objects of the thurth wth)ut ftrther s￿CIf￿d purp)5e are avai18)* as general funds Restricted fvnds £￿￿prise income whid) has received for the obje(ts of the church and for a restrthd purrose wthin th￿e objett5 by the donl 2. TTYStee Remuneratlon and Related Party Tr•nM¢tlon$ None of rhe vestsy memters recewe any remuneratiffi relating to tr*ir ￿Sknon as vestry member5. However, commensurate with their ￿$t, the R¥tor receNed a Sts￿nd and COntnbut￿ns to a *nsion fund totallirvJ £39,360. in accordance with, for the p05t of Rector, the 5tipendiary amounts as directed and aptwve¢l by Scotbsh Erxstopal Church ISECI. ts Is custom3ry the Rector occupE5 the Rectoryi On a rent-free basis and has the council tsx on the Reciory pavj for by the chwity. Dunrfj the year l tr￿￿ee wa5 reimburs￿ expwses totalling E12,610 St Peter's Episcopal Church: Stornoway Notes to the Accounts At30* 2024 Tr•nrfw¥ 2025 F￿al 5,158 110,2S5 lo.￿4 St molL4¥'5keXM￿ FL 25.158 JQts711 110265 .2tr th¢% LmEtOtredth￿ i￿￿trUSt ￿25thed￿AgTrthJfyr￿Sh￿￿ WrtunEdtotrEG7v* l¢)rt At305w 2024 Payrrthts TrtnS*r$ 2025 OwthFabrfRe5bY*W Fu￿5 22mi 14.W8 14. Tree Fts MIS￿￿ Fund 4.22 255 cl￿ Mewh& FMd pl￿F￿n4 I￿￿Fi￿a 18.644 13.X 23.2Q7 Totslluw 41tO2 l28.$82 ma1th￿ant￿OI￿èthurth Fund. wThlthw6 mts5￿ SW 1rt4rie C(Ammurti mugc. ty*ywr ther￿ ￿￿￿t0 Fund5knayéer d*lts the Funts at tund b) furl thJetO the fundry. TFetAan 15to re51Dre thE ￿￿O￿ntetyEwfVndiry wives. St Pete￿5 Episcopal Church.. Stornoway Notes to the Accounts 9JtyniEr ￿29 2029 25>)7 24.151 &628 C4tèid L￿1￿1￿5 5.744 5.744 2&592 ndtyirto *£.$FI InccoMlromthrftsblEathvfd I4.￿5 16.ty) 14.555 io 4.07P hwch Hall HI 5t Mc4W'&T5 T* J3.489 l.762 1.762 IL¥) 325 325 109.2Bi 2B.XB 137.769 I13￿18 St Peter's Episcopal Church.. Stornoway Notes to the AccoLJnts ZQ25 2025 2024 attcc6tsK￿ nufflbws Fu Fur 24 W￿4nd Ji.#pi 20 24 Fufjd Fuf¥ts 2025 4.￿9 3.488 i.lco Jo.{ 3.5 2.￿3 Prwnce. BuldvwoèniFur 929 1.1 Jo JÉ. 9,On IL. *C Lth*TiiJilPoDI The(hUthW￿ 1022 ￿*intr￿sEc￿èT￿stFU4 I vnreStrkt￿ Fun A￿￿1￿er686UntsWeo￿￿s￿tsyl￿1Irn IS￿d￿v￿c[VCh￿JisIl￿kl￿ I theRe*ntt& TO 2Q24 25 ThÈGaMha 16 934