ST. MICHAEL AND ALL ANGELS, EPISCOPAL CHURCH Trn$tees' Report Ind Accounts for the yeAr lo 30th September 2024 18 North Stet, Glenrothe5. Fife KY7 SNA 01592 610388 8 Mitchell Street. Leven. Fife KY8 4HJ 01333 425250 www.pater50nboyd.com PATERSON BOYD & CO CHARTERED CWIAED ACCOUNTATr4TS
St Mlehel'$ Episeop#l Church, Elie Tru$tee$' Report A¢¢oUts for the yer t• 30th September 2024 Relerell¢e Admillistration D¢tAi Registered ¢harity number.. Other naines which charity is known.. Si Ili,-F41l. Principal address.. SC005954 "pil ClITr,- Prlnf Ipil Offlce Beiircrry Sti'u¢ture, GoverrAAnce and Man•8emetsl The ¢harity's affairs are Conducted in ac¢onl&nce with the Chth'iies and Trustee InveslrneTht (Scotlandl Act 2005, the Charitles A¢¢oun¢s IS¢oil8ndl Regulaiions 2006 thj the Consti¢utiott of Si Mich1.5 Church. St Michael's Chureh. Elle is a Te8iStered Scoitish Charity. a memberof the Dio¢¢se of St Andrews, DuDkeld & Dunblane of the Scoiiish Episcopal chUh and is in full communion with th¢ An81i¢an Chllb. 2. The superior authority is thc Bishop of Si Andrew& Dunkeld & Dunblane. 3. All its affairs are 8overned by the Ve5ty. Reerultment and Appolntment of Tru$tee4 Vesty memkn8 are appointed by the ACM e$thblished by Consiiwiion and under Canon Law of the Scotth8h Epi8copal Church (SEC). There is no fonnal induciion programme, byi 8 ¢ourse ofvestry tsaining is being ¢)rganised by the Diocesan Office, Ihis will givc further guidance so that membu5 are familiar with church aims, reskN)nsibilities attd value$ 8$ th¢ de$i8nai¢d tw¢ees of charity. ObJe¢tlwes and Actlvltles The Chur¢h's principal a¢(ivitsts include publir worship in sKrdmenl arkd prdyer. Christian education. charilable work and fijnd raising for local, national and iniernalional Many of our memF*ts represent our chutth in othu ¢hari18ble OJEanisaiiorts because we are unable to cany out some funciioDS on our own thie to the age and size of con8re8atio The Chur¢h a150 hold5 even¢s to fvndTaise and wishes to participate in village events for that 50ll. The Church raises money Ihit5 the congregallon aThd regulaty shares wor8hlp.wlth our s18tereolltrwfioth ifiPlttertweem"artd"other AhÈli¢airthurtheg irt" the east area of the diocese.
St Michael's Epistopal Church, Eli¢ Trustees, Report and Aecounts for the year to 30 September 2024 A¢hlevtmeDig #nd Performance and Flttan¢lal Revl¢w St. Michael's continues ils good relations with Si. Jobn's and its treasurer. Our two churches. though no longer fornially linked, suppon each oiher with a shared ministry and a shared reciorN' Iii I"lie Great House. St. Michael's GolleGlion inroTne ha5 increasrt as has the drvidelld income from the S¢ottih Episcopal Chur¢h Unit TrL "I he Capital valuc ol Ihc unlis saw a signjlicani mcrcLsc of l)°1• JD thc ycar. A bequest of £5,(M)O wa5 gratefully received during Ihe year. Our itjieresi has increased from Barelays Bank. reflecuve of the tTrcre in interest Tate5 tn thc ye4r. SignÈficani repair work wa5 undertaken ai The Great House. The accounts a150 Show an incre?fe ii.-n-. rv!. more than S(PA in the year. We welcomed the in51ilution ol as our full-lime Priest in Chmge. He and is wife The Grea¢ House, Pittenweem. We hope Ih'.Il 'Ill be able rnis¢ the PTofil¢ of our churc have moved into e% in the East N¢uk. St&ternent of Trustees, Re5pon5ibilities Charity law requires the In]slee¥ io prepare fin8ncil 1cMeNts for financial year. which refie¢t a true and fair view of ihe sthie of the affairs of Ihe chariiy its fman¢ial a¢¢ivilie$ for th81 peri¢xl. In preparing those fuJ8ncial sthtements. the lleeS are required to.. Select suitable a¢couniin8 policies )d then apply them consistrnily. Mdke judgements and estimates that are reasonable and prudeni. Stsie whether applicable a¢¢ouniin8 swidard$ and sthments of rxommended pra¢u¢e have been followed. subject lo any departures dis¢losed and expl8io¢d in the fit)8n¢ial styiements,. and Pr¢par¢ the fjnancial slatemenLS on J 80in8 conc¢rn b&si$ unless il is inapprr4Jria* w presume that the charity will continue in operational existence. The inLsie¢s are responsibl¢ for k¢¢piTh8 proper accountJn8 rwords which disclose with reawnable accuracy at any time the rinancial position of the charity and enable them to cn5ure thai thc financial ststcmcnts comply with the Chhrilies and Trnstee Investmeni IS¢oilandl A¢1 2(K)5 and the Ch8ri¢ies A¢¢ounts (S¢oil8ndl Regul81ion$ 2006. Th¢y 8re responsible for safeguarding Ihe a&sets of ihe ¢hari¢y and h¢n¢¢ for 18king r¢wnabl¢ steps for the d¢te¢tion 4nd pr¢v¢ntion of fraud and other irregulariiies. Appmved by the TN8iee8 IR r)e¢eM1 2024 aNI qigned on iheir hlIf.
Independent Examiner's Report To the Tru$tee$ of St Miehiel'$ Episeop•l Chureh. Elle For the ye9r to 30 September 2024 I report on the accoLmts of the charity for the year 10 30 septrrnr 2024 which are set oui on the following pages. Respeetlve re$ponsAbllltles of irusiees #nd ex•mlner The chariry's ttusiees are resp)nsible for the prepararion of the aecounts in accOrdat with the tern?s of the Chariiies aj TNstee Investment (Scotlandl Act 25 the Charities Accounts {ScotJaThd) Regulations 2(K)6 The thrity th]stees consider thai the audii requiremeni of R¢gulaiion 10111 la) to {c) of the Aceounts Regulations does not apply. It is my spOnsibility lo examine the accounts as requird under section 44111 {c) of the Act and to slaie whether [rticular matters have come to my attetltion. Ba$1$ of Independent examlntr's St*temenl My ¢xamina¢ion is ¢arried out in a¢¢ord8th¢e with Re8u]O1ion I l of th¢ Ctrwilies A¢¢ounts {S¢ot]8ttdl R¢gul8tions 2006. An examination in¢ludes a review of the accountin8 records kept by the cban.iy and a c4)mp8rison of ihe accounts presented with those records. It also includes consideraiion of any unusual items or disc105UTes in the accoun. and se¢ks explanations from the irusiees concerning any such maikrs. The procedures undertsken do noi provide all the evidence that would be required in an audil. and consequently I do noi expre&8 an audit opinion on the view given by the accounts. Independent eximlner'i siatemeni In the Course of my examinotion. no mailer has coo)¢ io my att1100 which Sives me reonable cause to believe that in any rnaterial respect the requirements: keep accountin8 f¢coTds in a¢cordance with Sli0n 44 {1) {al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulaiiorts. and io prepare accounts which accord with the accounting recor& and comply with Regulation 9 of the 2006 Aecourt Resulaiions have noi been mel. or io which, in my opinion, attention sb)uld be drawn in orderto enable a proper undern¢andin8 of th¢ a0ts to be reached. D&(e'. 18 De¢ember2024
St Michael's Episcopal Church RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 30 SEPTEMBER 2024 21124 2024 Restricted Rertory 2024 2024 Endom'ment 2024 2023 IIYCOME Llnrestricted GtDerl fund Fabrit ftyud Total TotaI Cull¢LdutJ¥- Glfl dld Non gifi aid ioJJo iO.-iJ4 665 Church hir¢ Tax refuttds Bequests DLOC¢5an grant tncomc Donatlons Investhient income- Interest SEC Uni Reimbursements from St John's Other refund5 House deposit refund 2.922 5.000 3.340 620 366 6.461 7,557 21J 2.922 5,000 3,340 620 366 10,459 7,557 213 2.557 132 9.678 11.468 3.998 8 8 EXPENDITURE Ch¢4riiiiblL' ac'lii'iiles.. Quota Stipend and NIC Locum costs Travel expcnses Council tax Insurances Heal & lighi Repairn & maintenance Equipment lin¢ludin8 hire) Cleaning Great House repair5 Garden Catering Organ Costs Websiie Chur¢h offi¢e ¢xp¢nses Independent ¢xaminaiion f¢¢ Gifts & wreath Copyright. Service 5hcets Advertising (•5/0 of expense bhared with Si Jokn. Pittenwttml 2.802 7.883 1.075 2.047 192 1.078 3,590 4.866 2,802 7,883 1,075 2,047 192 1,078 3,590 4.866 2.924 19,535 326 522 ,552 1,059 2,320 1,674 165 848 284 960 5258 715 555 S258 715 555 523 420 693 186 523 420 693 186 1.078 360 450 87 178 525 525 Balance carried fotward
Si Mi¢h4el's Episcopal Chur¢b RECEIFfs AND PAYIE11TS ACCOUNT FOR THE YEAR T030 SEPTEMBER 2024 Coniinued.... 2024 2024 Restrltted Re¢tory fund 2024 21124 Endowment Funds 2024 2023 EXPENDITURE ureStricted Gttttrxl fund F#bric futsd Totol Total Balance brought forward Ststionery & literawre Removal co.sis Donarioprs io oEhÈr¢hariliets.- BL5hop'5 Appeal Children Isi 33.546 55 2,5(Ml 33.546 55 2,500 33,673 40 70 70 200 Nel rCIptl[PAyMe1sj 647 3.998 4,645 110 Unreali5ed 8ainQ{loss¢sl ot) investhients 29.957 18.534 48,491 16.43.S Nei receipis after investment movemenis Funds broughi forward 30.604 174,715 22.532 145,831 53.136 346,980 16.545 330.435 16,710 9,724 Fuiids ¥4Trird fvrward
St Michael's Epis¢opg1 Churth STATEMETr4T OF ASSETS FOR THE YEAR TO 30 SEPTEMBER 2024 2024 2024 Resiricted Retiory 2024 2024 2024 2023 Unrestricted CeneraI fund F*brit Endowment fund futtds Totil Total Cash &nd bank {21,247) 29275 8,028 11,249 SEC units (ai Market value) Bar¢lays Bank 226J66 140.174 (1,0861 366.740 25.348 318.249 17,482 16.710 9,724 Represenied by.. Unrestricted general fijnds Re¢tory fund Fabri¢ fund Idowjiieijt furtdb (y¢ngThl Miss Bell legacy Ouihwaiie memorial fund Miss McCra¢ken le8Y 205J19 205.319 168.363 16.710 6.120 3( 1,015 2,289 174,715 145.831 16,710 6,120 300 1.015 2,289 168.363 16.710 6.120 300 1,015 2.289 NOTES TO THE RECEJvfs & PAYMENTS ACCOUNT 2024 2023 l. Tru$tees remunerathrJD SEC amiual Slipend, pensiott contribution and housin8 allowance 7.883 19,535 Council tax p•id on Re¢ior'$ properry 192 1.552 Travel expenses for Rec & Lrrtum ¢leryy ('ioint) 2,047 522 General FuThd.. 7,427 unitA in St(Jtti8h F.p1(1pAj Church Twst Pc1 {C05t £77,874) Rectory Fund.. 4,595 units in S¢oitish Episcopdl Church Trust Pool IC051.' £53,322) 226.566 196,609 140,174 121,640