CHARITY REFERENCE NUMBER- SC007894 ST KENTIGERN'S EPISCOPAL CHURCH ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
ST KENTIGERN'S ISCOPAL CHURCH CHARITY R FERENCE NUMBER- SC007894 CHARITY TRUSTEES- Mem fthev Rector & Chairynan Lay Representative Treasurer Secretsry INDEPENDENT EXAMINER ANKERS Bank of Scotland Banchory Branch (800551) PO Box 1000 8x2 1LB CHURCH ADDRESS 1 Braemar Road 8ALLATER AB35 5RL PRINCIPAL OFFICE
ST KENTIGERN'S EPISCOPAL CHURCH REPORT OF THE VESTRY YEAR ENDED 30 SEPTEMBER 2024 The members of the Vestry Prnt their annual report together with the financial statements for the year ended 30 September 24. Structure & Governance In terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts {Scotland) Regulations 2006, the Vestry reports to the congregation as follows.. 1. St Kentigem's Episcopal Church {SC0078941. Ballater 18 a reglstered Scottish Charity 2. It is a member of the Diocese of Aberdeen and Orkney of the Scottish Episcopal Church and 18 in full communion with the Anglican Church. 3. The Superior authority 18 the 8ishop of Aberdeen and Orkney. 4. All of fts affairs are govemed by the Vestry. Appolntment ol V8Stry Member8 Vestry members are elected or appointed by Annual General Meeting established by constitution and under Canon Law of the Scottish Episcopal Church. There is no fomial induction programme bLrt ongoing guidance is giv8n to ènsure that Vestry members are familiar with the Church's values, aims and resFK)n3ibilities as the designated trustees of charity. Admlnlstratlve StrUUr• 11 is the duty of the Vestry to manage the temporal affairs of the congregation with responsibility to keep the fabric and propety of the churth and other buildings in good working order and to look after the finan$ of the church. ststement of Rlsk The Vestry keeps under reviv4V the major risks to which the Church is exposed and has established procedu8 to mitigate any risks identified. Charltabl• ObJo¢tlve$ and Actlvltl•s The Church's principal activities include public worship in sacrament and prayer, Christian education, charitable work and fund raising for local, national and intemational needs, social meetings. predominantly of the youth. the elderly and many community groups of all ages. Volunteers The Very is grateful for the time freely given by a large number of volunteers, wrthout whom many of the activities would be unable to operate.
ST KENTIGERN'S EPISCOPAL CHURCH REPORT OF THE VESTRY contlnued Achlevements and Porfom)an¢6 The Church continues to make rts facilitres available lor use and provid• worship for the whole communty. Flnanclal Revlew A surplus of £2,548 wa6 made during this finanrial year compared to a surplus of £3.087 last year. Plans for future perlods The Vestry will continue its range of pre8ent activities in th8 foreseeable future. Ro8eTheB The Vestry has adopted a policy of tying to maintaln a levol of unrethcted r88erveJ such Ihal, in the event of a Signifint drop in income, the Church would be able to maintain rts current level of activities for a asonable period until replacement funding 18 obtained. Stst•m•nt ol tho Vo•try Mombof8 Ra8pon•lbllttle• The members of the Vestry musl ppare financial statements which give sufficlent detail to enable an appreciation of the transactions of the Church dLrring the financial year. The m8mb8rs of the Vestry are responsible for keeping proper accounting records which, on requ881, must reflect the current financial position of the Church at that time. Thls must be done lo ensure that the financial stslemenls comply with the Charities and Truslo9 Investment {Scotlandl Act 2005 and the Chanties Accounts (Scotlandl Regulations 26. They are also responsible for safeguarding the 888ets of the Church and must take reagonablo steps for the prevention 8ndlor detection of fraud and oth•r irregularfties. On teham of the Vostry November 2024
INDEPENDENT EXAMINER'S REPORT TO THE VESTRY OF ST KENTIGERN'S EPISCOPAL CHURCH FOR THE YEAR ENDED 30 SEPTEMBER 2024 I report on the accounts ol the charty for the year endéd 30 September 2024 which are set out on pages 5 to 7. Re8pectlve responslbilltles of Vestry Mombors and •xamln•r The Church's Vestry members are responsible ft)r the pr8paration of the accounts in accordance with the terns of the Charities and Trustee Investment (Scotlandl Act 2005 and Charrties Accounts IS¢otland) Regulations 2006. The Church's members of the vesty consider that the audit requirement of R•3ulallon 10{1) (d) 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 attentlon. Basi$ of Indopendont oxamlnerfs 8tstement My examination is carried out in a¢cordance with Rtyul8llon 11 of the Charlties Accounts (Scotland) Regulations 2006. An examination indudes a review of the accountirsg reGords kept by the Gharty and a comparison of the accounts present8d wrth those records. It also Sncludes consideration of any unusual tt8ms or di8cIo8ur8 In the accounts, and seeks explanations from the Truste8s concemlng such matters. The procedures unLlertak8n do not provide all the evidence that would be required in an audit, and consequentty I do not express an audlt oplnion on the view given by the accounts. Independent examlner's statement In the course of my examination, no matter has come to my attention other than disclosed below. 1. whlch gNes me reasonable cause to balleve that In any malerlal re8pect the requirements.. to keep accounting records in accordance with Section 44(1) la) of Ihe 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which 8ccord with the accounting records and comply with Régulation 9 of th¢ 2008 Accounts Rogulation8. 2. have not been met, or to whi¢h, in my opinion, attention should be drawn In er5tanding of the accounts to bo reached. l November 2024
ST KENTIGERN'S EPISCOPAL CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notes Receipts Donations received Voluntary Income.. Pledged Giving Open Plate Tax Reclaimed (Gift Aid) Other 18,109 2,616/ 4,666, 8,379 18.740 3,000 4,976 8,667 eceipts from investments other than land & buildings Investment income Bank Interest 5,295, 4,547 Sale of investments Total receipts Contributions from Linked Charge St Thomas's Aboyne 24,633. 22,143 Paym•nts Deficit carried forward Payments for charitable activities Stipend Quota Trustees Expenses Property Expenses Administrative Expenses Altar & lighting expenses Other expenses 63,698. 62,073 46,506 2,970 41,647 2,954 8,514 743 212 1455 8,275 739 3521 Total payments for charitable activities Purchase of Investments Grants paid Total Payments Less Receipts from Linked Charge 60,400 ' 57,136 750, 61,150 1,850 58,986 36517. 36843 Surplus (deficit) for year All fund8 ar• unrestricted
ST KENTIGERN'S EPISCOPAL CHURCH STATEMENT OF BALANCES AS AT 30 SEPTEMBER 2024 2024 2023 Bank and cash in hand Opening balances Surplus (deficit) for year 26,013 22,926 Closing Balance 28.082 Inv88tments Market value at beginning of year Investments Realised Unrealised gainl<loss) in year 116,861 112,618 Market value at end of year 133 391 116861 Assets Sound system airman
T KENTIGERN'S EPISCOPAL CHURCH OTES TO ACCOUNTS YEAR ENDED PTEMBER 2024 I PROPERTY The church, hall and rectory are not shown in the statement of balances as the Vèsty believes that it is not Fossible to p18¢e a market Value on tham. The valu81ion of the buildings for insurance 18 £2,257,000 2 FUNDS Thè v8nous funds are hekl for the following purpose8". Unrmtrfcted Fund• General Fund and Organ Fund - lo support the work of the Church. Ro•trlcted Ftsnd• None al presonl 3 TRUSTEE EXPENSE8 R•mun•ratlon None of the Vostry membeTS received remuneration in respect of their po$ttKJn as Vestry members. Howèver, the Rtor received a half stipend. nsiOn contributions and o¢cupig5 th8 rectory on a rent-free basis with trie Council Tax also t•ing paid by the Church. Expens88 paid to membors of the Vesty were aj follows.. 2024 2023 Rector & Chairm•n Secretary Treasurer 4 PROPERTY EXPENSES Hgal and Light Church paIrS Rectory repairs Reclory Council Tax Insurance 1,718 401 1185 2,706 2,524 8,514 1,801 1021 2,634 2,819 S GRANTS PAID Aberdeen Cyrenians Aberdeen Street Pastors Aber5our childn5 Donation Sl Kents'gem's Outreach IFc4)d B8nk} Scotlands Charity Air Ambulance 200 350 200 250 500 600 500 1,850 750