ST. MICHAEL AND ALL
ANGELS, EPISCOPAL
CHURCH
Trn$tees' Report Ind Accounts for the yeAr lo 30th September 2024
18 North St￿et, 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 Mleh*el'$ Episeop#l Church, Elie
Tru$tee$' Report A¢¢oU￿ts for the ye*r 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 Mich￿1.5 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 chU￿h and is in full communion with th¢ An81i¢an Chll￿b.
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¢otti*h Episcopal Chur¢h Unit Tr￿L
"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 fin8nci*l ￿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 ￿ll￿eeS 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 sth*ments 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 septrrn￿r 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 accOrda￿t with the tern?s of the Chariiies a￿j TNstee
Investment (Scotlandl Act 2￿5 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 att￿1100
which Sives me re￿onable cause to believe that in any rnaterial respect the requirements:
keep accountin8 f¢coTds in a¢cordance with S￿li0n 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¢ a￿0￿￿ts 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
GtDer*l 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 PAY￿IE11TS ACCOUNT
FOR THE YEAR T030 SEPTEMBER 2024
Coniinued....
2024
2024
Restrltted
Re¢tory
fund
2024
21124
Endowment
Funds
2024
2023
EXPENDITURE
u￿reStricted
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 r￿CIpt￿l[PAyMe￿1sj
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 le8￿Y
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 Pc￿1
{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