ST. MICHAEL AND ALL ANGELS’ EPISCOPAL CHURCH **Trustees’ Report and Accounts for the year to 30th September 202 5**
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## **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.
1. 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.
2. The superior authority is the Bishop of St Andrews, Dunkeld & Dunblane.
3. 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.
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**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.
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## **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
1. 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
2. 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
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## **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|
|---|---|---|---|---|---|---|
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## **St Michael’s Episcopal Church RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 30 SEPTEMBER 2025**
**Continued….**
|**2025**
**2025**
**2025**
**2025**
**2025**
**2024**
**Restricted**
**Endowment**EXPENDITURE
**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|
|---|---|
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## **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|
|---|---|---|