2025-09-30-accounts - St Michael's Episcopal Church: Elie

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ST. MICHAEL AND ALL ANGELS’ EPISCOPAL CHURCH Trustees’ Report and Accounts for the year to 30th September 202 5

St Michael’s Episcopal Church, Elie Trustees’ Report and Accounts for the year to 30th September 2025

Reference and Administration Details

Registered charity number: SC005954 Other names which charity is known: St Michael & All Angels Episcopal Church, Elie Principal address: Revd David Gordon

The Great House, 18 Priory Court, Pittenweem, KY10 2LJ

Principal Office Bearers

Revd. David Gordon Sheriff Robert Dickson (Church Warden) Mr David Stacey (Treasurer) Mrs Fiona Thomson (Vestry Secretary) Mrs Jennifer Rose (Vestry Member) Mrs Patricia Sneddon (Vestry Member) Ms. Amanda Barclay (Vestry Member and Fabric Convenor) Mrs Barbara Graham (Vestry Member) Mr Alistair Graham (Vestry Member)

Independent Examiner

Mr Colin McCulloch F.C.C.A

Structure, Governance and Management

The charity’s affairs are conducted in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Constitution of St Michael’s Church.

St Michael’s Church, Elie is a registered Scottish Charity, a member of the Diocese of St Andrews, Dunkeld & Dunblane of the Scottish Episcopal Church and is in full communion with the Anglican Church.
The superior authority is the Bishop of St Andrews, Dunkeld & Dunblane.
All its affairs are governed by the Vestry.

Recruitment and Appointment of Trustees

Vestry members are appointed by the ACM established by Constitution and under Canon Law of the Scottish Episcopal Church (SEC). There is no formal induction programme, but a course of vestry training is being organised by the Diocesan Office, this will give further guidance so that members are familiar with church aims, responsibilities and values as the designated trustees of a charity.

Objectives and Activities

The Church’s principal activities include public worship in sacrament and prayer, Christian education, charitable work and fund raising for local, national and international needs. Many of our members represent our church in other charitable organisations because we are unable to carry out some functions on our own due to the age and size of congregation.

The Church raises money within the congregation and regularly shares worship with our sister congregation in Pittenweem.

St Michael’s Episcopal Church, Elie Trustees’ Report and Accounts for the year to 30 September 2025

Achievements and Performance and Financial Review

St Michael’s continues it’s good relationship with St John’s and it’s treasurer (Janet Bulloch). Our two churches support each other with a shared ministry and rectory in The Great House.

St Michael’s income has fallen but the dividend income from the Scottish Episcopal Church Unit Trust has risen. The capital value of the units saw an increase in the year.

The account with Barclays Bank was closed during the year.

Significant expenditure on repairs and maintenance was incurred in the year.

Revd David Gordon is our full time priest in charge and he and his wife Ann live in The Great House, Pittenweem. He has raised the profile of our churches in the East Neuk.

Statement of Trustees’ Responsibilities

Charity law requires the trustees to prepare financial statements for each financial year, which reflect a true and fair view of the state of the affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.

Approved by the Trustees on 24 June 2026 and signed on their behalf.

David Stacey David Gordon Treasurer Priest in Charge

Independent Examiner’s Report To the Trustees of St Michael’s Episcopal Church, Elie For the year to 30 September 2025

I report on the accounts of the charity for the year to 30 September 2025 which are set out on the following pages.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10 (1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention

which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 44 (1) (a) of the 2005 Act and Regulation 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 been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

…………………………… Mr C McCulloch F.C.C.A

Date: 24 June 2026

St Michael’s Episcopal Church RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 30 SEPTEMBER 2025

2025 2025 Restricted INCOME Unrestricted Rectory General fund fund £ £ Collections - Gift aid 8,751 - - Non gift aid - - Church hire - - Tax refunds 801 - Bequests - - Diocesan grant income 2,279 - Donations 69 - Investment income – Interest 53 - - SEC Units 7,353 4,549 Reimbursements from St John’s 1,841 - Other refunds 100 - House deposit refund - - __ ____ 21,247 4,549 EXPENDITURE Charitable activities: Quota 3,008 - Stipend and NIC 14,098 - Locum costs 125 - Travel expenses 925 - Council tax* 3,320 - Insurances 1,091 - Heat & light 3,148 - Repairs & maintenance 17,446 - Equipment (including hire) 1,087 - Cleaning 960 - Great House repairs 82 - Garden 270 - Catering - -	2025 2025 Endowment Fabric Funds fund £ £ - - - - - - - - - - - - - - - - - - - - - - - - __ ____ - - - - - - - - - - - - - - - - - - - - - - - - - - - -	2025 Total £ 8,751 - - 801 - 2,279 69 53 11,902 1,841 100 - ______ 25,796 3,008 14,098 125 925 3,320 1,091 3,148 17,466 1,087 960 82 270 -	2024 Total £ 10,339 - - 2,922 5,000 3,340 620 366 10,459 7,557 213 - ______ 40,816 2,802 7,883 1,075 2,047 192 1,078 3,590 4,866 - 960 5,258 715 555

Organ costs Website Church office expenses Independent examination fee Gifts & wreath Copyright Service sheets Advertising (*50% of expense shared with St John’s, Pittenweem) Balance carried forward	- - 248 430 528 - - - ______ 46,766	- - - - - - - - ______ -	- - - - - - - - ______ -	- - - - - - - - ______ -	- - 248 430 528 - - - ______ 46,766	60 118 523 420 693 186 - 525 ______ 33,546

St Michael’s Episcopal Church RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 30 SEPTEMBER 2025

Continued….

2025
2025
2025
2025
2025
2024
Restricted
EndowmentEXPENDITURE
Rectory
Fabric Funds General fund fund
fund
Total
£ £
£
£
£ £

Balance brought forward
46,766
-
-
-
Stationery & literature
-
-
-
-
-
55 Removal costs
-
-
2,500
Donations to other charities:

Bishop’s Appeal - - - -
Children 1st
-
-
-
-
_
_
_
_
46,766
-
-
-
Net receipts/(payments) (25,519)
4,549
-
-
Unrealised gains/(losses) on investments 20,856
12,904
-
-
_
Net receipts after investment
_
_
_
movements
(4,663)
17,453
-
-
Funds brought forward
205,319
168,363
16,710
9,724
_
_
_
_
Funds carried forward
200,656
185,816
16,710
9,724

Unrestricted
Total
46,766
33,546
-
-
-
- 70
-
-
_
_
46,766
36,171
(20,970)
4,645
33,760
48,491
_
_
12,790
53,136
400,116
346,980
_
_
412,906
400,116

St Michael’s Episcopal Church STATEMENT OF ASSETS FOR THE YEAR TO 30 SEPTEMBER 2025

2025 2025 Restricted Unrestricted Rectory General fund fund £ £ Cash and bank (46,766) 32,739 Investments: SEC units (at Market value) 247,422 153,077 Barclays Bank - - _ _ 200,656 185,816 Represented by: Unrestricted general funds 200,656 - Rectory fund - 185,816 Fabric fund - - Endowment funds: General - - Miss Bell legacy - - Outhwaite memorial fund - - Miss McCracken legacy - - _ _ 200,656 185,816	2025 2025 Fabric Endowment fund funds £ £ 16,710 9,724 - - - - _ _ 16,710 9,724 - - - - 16,710 - - 6,120 - 300 - 1,015 - 2,289 _ _ 16,710 9,724	2025 Total £ 12,407 400,499 - _ 412,906 200,656 185,816 16,710 6,120 300 1,015 2,289 _ 412,906	2024 Total £ 8,028 366,740 25,348 _ 400,116 205,319 168,363 16,710 6,120 300 1,015 2,289 _ 400,116

NOTES TO THE RECEIPTS & PAYMENTS ACCOUNT

1. Trustees’ remuneration SEC annual stipend, pension contribution and housing allowance Council tax paid on Rector’s property Travel expenses for Rector & Locum clergy (joint) General Fund: 7,427 units in Scottish Episcopal Church Trust Pool (Cost £77,874) Rectory Fund: 4,595 units in Scottish Episcopal Church Trust Pool (Cost: £53,322)	2025 £ 14,098 3,320 925 _ 18,343 247,422 153,077 _ 400,499	2024 £ 7,883 192 2,047 _ 10,122 226,566 140,174 _ 366,740