CHARI REGISTRATION NUMBER: SC008066 Holy Trinity Episcopal Church Unaudited Financial Statements 30 September 2025
Holy Trinity Episcopal Church Financial Statements Year ended 30 Sept•mb•r 2025 Page Trustees. annual report Independent examinerfs report to the trustees statement of financial activities statement of financial posstion Notes to the financial statements 10
Holy Trinity Episcopal Church Trustsos, Annual Report Year •nd•d 30 septnber 2025 The trustees Present thr reFM)rt and the unaudi1 financial Statem of the charfty for the year ended 30 Septantw 2025. Referonce and adminlstrativ• dthil• Rogi8t•rgd charity nam• Hoty Trinty Episcopal Church Charity r•gi¥tr•lk>n numbor SCIX)8 Prlnclp•l offic• 6 Crawford La Hunters's Quay PA23 Val Taylor Dink McEwan Chnstine Kklntosh Alan Mole Cathy Proclor Geoff Roberts Anne Armstrong Grace Martin Matthew HoHhJay Roy Beeby Janet Parkar John Parker Colin Sib The Reverend DavKI Rusmon (Resvarnd 30 No¥wnb8r 20251 (Ren&y 30 November 20251 (ResKJred 30 November 20251 IResvJned 30 Novanber 20251 ppointed 30 November 20251 (Appoint&Y 30 November 20251 (Appointed 30 Novemter 20251 (ApFrf)inled 30 November 20251 (Appointed 10 April 2025) Land and BuihJiNJ$ TntO0S The church. reLtry, grtyJThJs aThJ part of the buiial grwtwj arv (uThJer th8 1850 faj charter of John Henry Campbeli) in the BistrK)p and cAher 'asSUm trustees.. of WI) rK)ne are believed to suNivo. Part of the burial and other ground is vested in the diocesan trusteos, Atho are (ex offi¢io) the Bishop, the Dean, the Synod Clwk and the Regislrar of the
Holy Trinity Episcopal Church Trustees. Annual Report (¢tyth( Year ended 30 September 2025 StruCre* goveman¢o and rnanagnt Types of Goveming tkjcuments The govemirMJ document is the Constiiution of the Trinty Church dated 2012. Hoty Trinty Episcopal Church Dunoon is a church of the Scottish Episccf)al Church and is in full ccKnmunion with the Anglican Church and the Poryoo Communion. Hoty Trinty Dunoon is also in a financ1 'linked charge. arrangement (with a Memorandum of Agreement dated June 2010) with St Pauls Ep1 Church Rothesay. This is reviewed and the amounts amended annualty Appointsnent of Vestry Members The Vestry membets are recruited or appoirrted as folkhvs: The Rector or Priest in charge- ex officio. The Lay RepresentatDie - ex offic. elected each year from the Churth Membetship in aceordance wrth the Code of Canons. The Rectorfs Churth Warden, appointed annualty by the Reclor. The People's Church Warden, elec annualty by the c4)ngwation. Not more than SÈX nor fewer than three n$t]luent members. eld al the annual meetsng, one of whom retires each year arml is not eligible for re-election that year. The longest serving member retires. If more than 1 then sekntion by lot of those eligible. Members may be co-opted belween annual meetings. The Vestry appoints a Secretary and a Treasurer who need not be member5 of the Vestry. No charvjes are made to the Vesty membershp during a vacan¢y. We endeavour to have Vesty training in appr(prHts areas e.g Health and S•. Safeguarding etc. on a regUr basis. Vestry members sKJn acceptance of the Constitthn and that they are and proper persons, under charity legislan.
Holy Trinity Episcopal Church Trustees. Annual Report (c Year ended 30 SepteMr 2025 ObJectJva8 and activiti Charilable Purposes Holy Trinrty shares in the mission and objecttves of the Scottth Episcopal Church, to work and witnes5 in the community as an expression of the One Hoty Catholic and Apostolic Church. Our primary obiectsves are the athancement of religion. the promotion of r81i9ious or racial harmony, the promotion of equality and dNersty, the Telf ol those in n88d by reason of age, ill health, disabilrty, financial hardship or other di*Jvantage. We seek to grow in Christ, to cElebrale the sacraments. to respond to what God is doing in the lives of the community and the world, and to hand on the traditson of the ¢hur¢h.
Holy Trinity Episcopal Church Trustsos, Annual Report (cThth••• Yèar 8nd•d 30 September 2025 Achiovements and p•rfomiance Main ActiVTi We aim to mawtsin the churth bulAling as a saued Sp and physKal mirjer of our presert in the MmUnty, vmh a fulktime stiFvKlk4ry wiest to brate sacraments, to nurbjre. ChaInge and sustain the c(¥rmiunty offath. Hoty Trinty contsnues in the work arKI miss1 of Ckwrch through wothp, teathiThJ, fellowship a outreach to the communty. Many ThberS of tr thurch fve Ixrt tr"r farth by actNety invofved in the c{MUnty arKI lcd organBatKfftS. arKI the as a WI supports the work of charilies such as ChristHn AKJ arxl Mission to Seafarw5. Special awls during the year are also supported. Hoty Trinty Dunoon is part of a linked charge arrar)gt wilh St Paufs Rotr5ay. St Paufs supports a proportion of the mintsty c#)sts ((y costs, travel and reckny expenses). This arrangement is planned to continue. with SO variation in the prop)rtiorts of paynwts a5 required. A joint bu&3et ' agre&l by the Iwo Vestries in advan of eath year starL Summary of Main Achievements.. The focus in the year 202<25 was mawrtainiry ts regular pattem of church servi. and ntinuI1¥j with the outreach to those are hoUsetnd through online Serrf provision. The earty part of Ihe year was fcM>Jsed on the app0lntrrnt of the new Rector," Intervie in eatty t¢ber 2024. The new Rector was colated into the charge in April 2025. Worshiw'ng tcgthr The pattem of regular aTrJ seasona TKShl was mawtsiwl durir¥J ts VaaY Ferj by The Reverend CarK)n Pajdy Al. retired Pr< tcgether ryth licensed worshp le&Jers. The regular online Wofship throughout the eek aNJ on Sundays. with a d&JKated online 0)ngallOn (ntinUeS to offer worship opportunths across Crywal and Buie arKI beyoryj. The prac of having ecumenical 8erviLX in ead) thurch duin3 Hoty ek 0jnljn. The regular number of c¢Jmmuni(x)ts has been ma IhrouglM)ul the year with some new congregants wekom&J durHTr3 this aT. Meeting tcwl We Intinue to look for opportunilies to <xrts¥k of Surthy YJrshii. wrth a monthty coffee moming in a k)cal ojffee 5trKp, a Harvest Supper, and a sUC$Sful SprirwJ Fair arKI Christmas Fair. Monthty breakfast fellowsh has been by MberS of the wregatI( and continues to be well attended, offering a Chan to meet aThJ in an intoml setting. Vk are gratefijl for the use of 'The Meeting Pla. the t(y•m wrtre. we hope to (x)ntinue this thr¢)ughcMrt the year ahead. We are planning a Christrnas Day lunch for those woukl Otsr4¥ be on their own for Christmas Day, this will be trhjsted ak The trn9 Pla. Eujnenical Parlnershps In addition to Ihe Holy Week EcurrEnKal ser¥Th. the annual Emen11 Praypr Wall( took pla( again in the spri,. it is hoped to ecrfttinue to grow this e¥errt in the year aheJ. The ReL%or meets with ministerial cOlagueS frown the area throughout the year to share xleas aThJ to buihj up
Holy Trinity Episcopal Church Trustees. Annual Report (¢ Year ended 30 September 2025 relationships betvften the thurches of Cowal. This year saw another $u¢eessful "Haven" a tea tent at the Cowal Gathering. run and supported by the churches of the area. Membern of Hoty Trinty were part of the organizing team and volunteered their time durirwJ a very wet Cowal Gamesl We are gratefvl for the regular prayerful support of members of other thurches who woTrhip with us on a regular basis. During 2024 Holy Trinty Church Teestablished quarterty Episcopal services in Kyle8 Parish Church in Kames, by kn.nd invilation of the Minister aThJ rk Session. Thss flOw$ on from the w0h{p of St Martin's Church, a dependent congregation of Holy Trinty Dunoon. which met in Kyles Church until around 2013. Members of the congregatK)n have initiated a new outreach to Primary Schools, as part of an ecumenical team. Church volunteers enact the "Open the Book" Bible stories from the Bible Society. which are spealty written for Primary School Children, as part of the schools. RME curriculum provision. Currently the team visits 4 Primary across Cowal. visiting each aLx)ut 4 tsmes per year. Meanwhile church rrErnbers a150 took part in the "Exper Christmas" outreach to the S1 class at Dun¢J)n Grammar SchcM)l. Fabric The Lond Project has continued to progress duriThJ this financkil year. FollowiThJ su$$fvI planning approval. a Buikling Wafrant was approved. and the Vesty has appointed an Archrtect and Buikling Contractor to ffjnMen work on the church extensM)n to 1KSe the accessible toilet facilty. Fundraising ha5 continued, including a wonderful cOnrt by "8+1" and the Reclorfs sponsored autumn half rnarathons. We will need to continue to fundraise for this prOjt alOngse grant applications lin pr(NJfess}. Holy Tnnity has been successful in receiving a grant from the Benefact Trust to enable us to install Solar Energy Panels and Battery Storage, aloNJside a new Infrar1 Heating System wilhin our church. This work will be commission1 as soon as possible. probabty in two stageg across the next 6 months. The Benefact Trust are working with the S(yJttish Episcopal Church to support the aims of the Net Zero aims as agFeed at General Synthj. The main thutch driveway ha5 been extensivety repaired with new drainage instsllation, offering a safer and smc¥Jthef entran to Ihe d)urch grounds. Following the sale of the fom*r Redory at 55 .1brKle Rd, Hoty Trinivs share of the proceeds of the purchase continues to serve us well as investment income. A subgroup has been establr5hed to WOFk alongside the Vestnes of Hoty Trinty and St Paul's to plan for a Fermanent Rectory. The Vestry commissioned a speaalist survey of the Church Tower, this was primarily to obtain a speualist report to enable the Vestry to c(msult wrth the (ongregation on f¥Jture wor1< for essential repairs. This consultation will commence during 2025r26. General repair and Maintenan of build9 and grourKls continues throughout the year, with speual thanks for the many volunteers who have hel at this summe¢s gardening days.
Holy Trinity Episcopal Church Trustees. Annual Report (Cth Yoar ended 30 September 2025 Financlal revlew Policy on ReseNes The Trustees intend that the reserves which are held as inveslments should be retained in order that the work of the thurch may be continued. The reserves are broadty split into inveslmentsibonds and the bank balanee. The Vestry decides on the best thation for the reserves based on interest and investrnent ri5k5. Good practice is to ensure that cash in the Charit$ accounts 1$ $lrfrient to keep the accounts sofvent during the yearfs activities. Risk Management The Church has a comprehensive in$uran¢e polry with the Eccl8siastical Insurance Company who specialise in Church Insurance. The values are updated each year by the company in line with their experience, ar#J in line with requirements, have updated wr ele¢tri¢al inspe¢tion certificate, and séNieed the fire extinguishers, and the rSary remed1 vAJrk to the lhtnij conductors has been compbled. The Church bulldings are Surveyed every five year8 to establish any necessary work. The la8t in$pe¢tion was in 2021 and we will continue (afry Out quinquennkgl inspedlS to timetable. Plan8 for fuluro wlod• In the coming year we seek to Lxintinue to develop the congregation and communty of the church", continuing to be a welcoming. worshippirrfJ CAThmunty. c£)mmbtted to swal justice and serve the needs of all Gcd'¥ people. Alongside the buildiry proiecl. solar panels and heatiw inslallatK*n. we will eonsull wtth the congregation on how to best develop the land gifted to the ¢hur¢h. We will ¢onUnue to ¥eek financial support for the To11 Project through further grants and fvndrai$ing. and we will develop a sound business plan for the rest of the projed- including ts buikling or purthase of ts new Rectory. All these projects and plans are with the dl$tin¢t alm of developlng our ¢hurch buikling and grounds as a space for mission arKI ministy to the wider community. Building on the wonderful support of the church CMUnty, aim to balance the accounts once again this coming year. The tru8tee8' annual report was approved on 23 Juty 2026 and Signed on beh8W of the board of trustee8 by.. Cathy Proctor Trustee
Holy Trinity Episcopal Church Independent Examlnerf8 Report to the Trustees of Holy Trinity Episcopal Church Year ended 30 S•ptsmber 2025 I report on the accounts of the charity for the year ended 30 September 2025 whith are sel out on pages 1 to 25. R•spoctlva responsibiliti08 of trustses and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the lemis of the Charities and Trustee Investment (Scolland) Act 2005 and the Charities Accounts (Scollar) Regulations 2006 las amended). The chanty trustees ¢onsidef that the aud¢t requirement of Regulalior¢ 10111 lal to lel of the 2006 Accounts Regulattons does not appty. It is my responsibility lo examine the accounts as required under section 4411) Ic) of the Ad and to stale whether particular matters have come to my attention. Basis of ind•pond•nt examin•r'8 statornont My examination is carried out in aceordanee with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the aecounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consKleration of any unusual rtems or disclosures in the accounts, and seeks explanatK)ns from the tnjslees concerning any such m8ttefS. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not expTes$ an audit opInn on the vthy given ty the accounts. Indopendent exarningrf• •tst•mont In the course of my ex8mination, no matter has come to my attention which gives me reasonable cause to believe that in any maltsrial respect the requirwnenl$.' to keep accounting records in accordance with seCtn 4411) (al of the 2¢)OS Act and Regulation 4 of the 2006 A¢wunls Regulations lo prepare accounts whith accord with the a¢¢ounting records and compty with Regulation 8 of the 2006 Accounts Regulations have not been met. or 2. to which, in my opinlon. attention should be drawn in order to enable a proper understanding ot the accounts lo be reached. rf<LtrS Mr J R B RO BA., C.A. Independent Examiner 80 Argyll Stroot Dunoon PA23 7NE 23 July 2026
Holy Trinity Episcopal Church Statement of Flnanclal Activities Year ended 30 Saptsmber 2025 2025 UnrestrKted Restricted furKIs funds Total funds Total fvnds 2024 Incomo and endowments Donatsons and *acies Other tTading activit Investment income Other inrne 42,070 918 13.916 1.205 14,792 2,7f 56,862 3.684 14.362 15,983 54,072 4,927 3,897 327,805 14,778 Total Income 58.109 32,782 90,891 390.701 EXpendirg Expenditure on iaising funds" Costs of other trading activriies Expenditure on charitable actmties Other expendilure Total expendire 216 50,301 216 71.782 354 78,318 5,C63 9.10 12 21.481 50.517 21,481 71,998 83.735 Net gains on irNestrnents 13 33,915 33,915 18.464 Nat Income and net movomgnt in funds 41.507 11.301 52.808 325,430 RgGon¢lllatlon of fund8 Total funds brought forward Total funds carrled forward 484,073 8.256 472.329 146.899 505,580 19.557 525,137 472.329 The statement of ffinanc581 activities includes all gains and losses recognis&l in the year. All income and expenditure derive from continuing actNities. Th• not•s on pages 10 to 25 forni part of th•s• fiMn¢i#l st•twnents.
Holy Trinity Episcopal Church Statsment of Flnancial Position 30 Saptgmber 2025 2025 2024 Fixed assets Tangible fixed assets Investrnents 22 130.356 402.332 122.781 368,417 532.688 491,198 Current as8•ts Debtors Cash al bank aTrJ in hand 1.671 45,Ih)3 46.674 3,492 32,126 35,618 Croditorn: amounts falllng du• tlthln one year Ngt curr•nt Ilabllltios 54.225 54.487 7.551 18,869 472.329 Total auots1oM curv•nt Ilabllhlos 525,137 525.137 N•t a8•ets 472,329 Fund• of th• ch•rlty Restricted funds Unrestricted funds 19.557 505,580 525,137 8,256 464.073 Total ¢harlty fvnd• 472.329 These financlal statements were approved by the board of Inee8 and authorised for issue on 23 July 2026, and a swjned on behalf of the board by.. Cathy Proct Tw$tee The notes on p•qe$ 10 to 25 fom p•rt ofthe•¢ fin•n¢i•l teNts.
Holy Trinity Episcopal Church Notes to the Financial Statsments Yoar •nded 30 S•pt•mb•r 2025 Ggneral informali The thariiy is 8 public benefft entity and a registered s(r1 aThl is unlnc0rF1ated. The ajdress of the princpal offrE ts Bk)erneI. 6 Cfawford La. HLM)tsrfs Quay, Dunoon, PA23 WP. Statement of complian These firkgncbal statements ha¥e been prg)argJ in (>ryli wrth FRS 102. Tr Financial Reporting StaThJard appIable in the UK arKI ttE Republic of IrelarMI', the Statanent of Financial ReportiryJ Stsndard akwlicable in the UK and Republ of Irelarml {FRS 102) (Charil SORP IFRS 1021) and the Charities and Tnth Investm (Scot1) Aci 2005 and the Chartty Accounts (ScottalI RegulatM)ns 20[ las WKled). Accounllng policie8 Bas13 of prnparation The financial statements have been pwwed on the hi5torKal cost basis. as mcaffied by the revaluation of certain financial assets arml lthilits aThJ inVestr properis measured at fair value thrrwgh incwE or expffmlilure. The ffinancial ststements are prepared in sterfir#J, whth 15 fundKJnal currency of the entity. Going concern 10
Holy Trinity Episcopal Church Notes to the Financial Statements Year ended 30 September 2025 Accounting policifjs (c Judgements and k•y wir$ of e81imakn uncortalnty The preparab'on of the finantial Statem rwjuires man4anent to make judgements. estimates and assumpts.ons that affect the amounts reF)rt. These estimates and judgements are continualty re¥iev49d and are based on experience ar#J other factors, induding expectations of future events that are believed to bo reasonable uThler the orcumtsn¢es. snan1 judgements The IJgements (apart from those Invo1 estimations) that managem8nl has made in the process of apptying the entitys accounting wli¢ies and that have the most synifKant effect on the amounts reec#Jnts&l in th8 financHI staterywts are as follM". There are no merial I19nts that love made in the prf8 of aPp.1j th8 entity's ac(nrV4 polKies. Key Sources of estiiwkn un(xrtainty AccountKu e8t#nate8 and assumpt5 we made conC¢Mw the fvlure 8nd. by ttrir nature, will rarefy equal the related actual outc£wn8. Tr key assumplm aTrJ ¢)ttrw Sour of esb'mation uncertainty that have a SnIficant risk of caus¥w a matwial adju¥1Jlrt to ts carying amounts of assets and liabilrtw wrthin thè next financaal year are as folky•.. There are rrf) key assumptions aThJ other Sr¢8$ of estmiion unc£rtainty that have a SnIficant risk of causing a material adjuslnM to th8 anv)unts of assets aThJ Ik8blities within the next finarKial year. Fund ¢¢ounllng Unrgstrictéd lund6 are availth for uea at the discrtion of the tN6tees to further any of tt charity's purpow. De5NJnated funds are unrestrhX&l fimds earnwl by the t1086 f(Y partiojlar future project or ¢ommrtwont. Restricted funds are subjected to restrickn on their exKKliture dedared by the donor or through the temis of an appeal. and fall into one of suMasses'. reStn income funds or 11
Holy Trinity Episcopal Church Notes to the Financial Statements (C Year ended 30 Septsmber 2025 AcGountlng policies (COndnj In¢omlng re80urcos l in¢oming resources are included in the statement of finanaal adivibes when entitment has passed to the charity,. it is probable that the economic benefits associated with the transaction will fiow to the charity and the amount can b8 reliably measured. The folkming gpacrf policies are applied to particular categor$ of in¢ome.' income from donations or gfants is recogniwl when there is eviden of entitlement to the gift, rec8ipt is probable and ts amount can b8 measured reliabty. lega¢y Incon is recoJnld when CeIpt 1$ probable and entttlement is established. income from donated goryjs is measured at the fair value of Ihe gocxJ8 unbess this 18 impractical to measure reliably, in which case the value is derived fri)m the cost to the donor or the estimat&J res8 value. DOn8j fac11rt arKI SeN1 are rec¢¥Jnised in the accounts when received rf the value can be reliably m8asur&J. No amounts are Included for the eonlribution of general volunteers. incoffle from contracts for the suppty of services is recogni3ed with the delivery of Ihe contracted servs¢e. Thi$ 1$ classifd as unrestricted fijnds unless there is a contractual requirement for rt to be Spent on a partIlar purpose and retumed rf un8. in which ca86 it may be regarded as restricted. Ro•our¢o• expended Experlture is ree4)gnised on an ac£ruals basis as a liability is incurred. Expenditure includes any VAT which cannot te fully re¢overed, and is classified under headings of the statement of financial activrties to whi¢h rt relates.. expenditure on raislng furKI8 indude8 the costs of 1 fwKlraising activi8, events, nOn<harItab tradlng activities, and the Sa of donated gocJs. expenditure on Char[tab a¢tNitss indude6 all cosi8 incurred by a charity in undertaking activrties that fvrther ts charitable a1ft for the benefft of its benefi¢iaries, including those 8UPPOrt costs and costs relating to the govemance of the chaflty apportior to thantable a¢tivitie8. other 8XpenditU Includes all expendilure that is neither related lo ralsing fvnds for the chanty nor part of its experKSiture on tharitable adivilw. All cost8 are allocated to expenditure categories refiecting the use of the resource. Direct ¥ts attributab to a single acb.vrty are allocated direcuy lo that activty. Shared costs are apporb.oned betsveen the activities they contribute to on a reasonable. justsfiable and consistent basis. Tanglble a880t• Tangible assets are initially recx)rded at (x)st, and subsequenty stated at cost less any accumulated depreciation and impaim)errt bsses. Any tsng&b assets ¢arrd at revalued amounts are recorded at Ihe fair vahje at the date of revaluation less any subsequent accumulated depreciats'on and subsequent aCcMu18tl impaiffnenl105¥es. 12
Holy Trinity Episcopal Church Notes to the Financial Statements icon(knw Year ended 30 September 2025 Accounting policie• Tangiblg assots (conimuodj An increase in the carying amount of an asset as a resuR of a revaluatKJn, is recognised in other recognised gains and losses, unless it reverses a charge for impaimient that has previousty been recognised as expenditure wthin the statement of finanoal activrties. A decrease in the carrying amount of an asset as a result of revaluakn'on. is recognised in other rec(¥Jnised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the StatenTrt of financial activitss. Investments Unlisted equrty investrnents are initialfy recorded at cos( and subsequenty measured at fair value. Iffair value cannot be reliably measured. assets are at 5t less impairffnt. Listed investments are Measu at fair value wtth changes in fair value teirMJ recognised in income or expenditure. Investsnents in ae8ociats8 Investrnents in assoaates accounted for in accordarK2 wilh the cost model are recorded at cost 18ss any accumulated impaimwrt losses. Investments in associates accounted for in accordan with the fair value model are initialty recorded at the transaction price. At each reporting date, the investments a measured al fair value, with changes Trn fair value taken through income or expendlture. lthere it is impradicab to measure fair value reliabty the (Tht model will be adc4)ted. Dividends and other distributs.ons receivoj from the investment are recognised as income without regard lo whether Ihe dkStn"bub"ons are from accumukited proffts of the a550¢iale arising before or after the date of acquisition. Inve¥tJnents In lolnt venluves Investments in jointty controlled entities accounted for in acc(danCe with the cost m(xlel are orded at cost less any accumuLqt8J impainnent bsses. Investmerts in jointy controlled enlities a¢0n for in a(yXIrdan with the fair value mryjel are nitially recorded at the tranSaCtn price. At each reporting date. the inlmentS are meassjred at fair value. with thanges in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliabty the cost model wll be adopted. Dividends and other distributions re(ived from the Investsm are re(£vJnised as income without regard to whether the distribubons are from uMulated proffts ofthe joint venture arising before or after the date of acquisilion. Impainnent of fixod assots A review for indicators of impairment is carried out at each reporting dak, with the recoverable amount being eskn"mated where such indicators exist the carrying value exceeds the recoverable amount, the asset is rnpaired accordingty. Prior impairnents are also reviewed for possibk reversal at each wortirwJ date. 13
Holy Trinity Episcopal Church Notss to the Financial Statsments Year endod 30 September 2025 Accounting poliGies (conthu Impairn1ont of ffixod assets (conllnueoj For the purposes of impairment testing. when it is not possible to estwnate the recoverable amount of an indtvidual asset, an esb'mate is made of the recoverable amounl of the cash-generating unit to which the asset bews. The eash-generakn.ng unit is the smallest identrfiabb group of assets that includes the asset and generates cash inflows that largely independent of the cash Inflo from other assets or groups of assets. For impaiment testing of gocthill. the gocmjwill ao]uited in a IsinesS o)mbinalion 1$, from the acquisition date, allocaled to each of the cash-generating units that are expected to benefft from the synergies of the combination, irresiwbve of whether other assets or l1abilrtS of the charity are assigned to those units. Flnancial in#trumonts A financial asset or a financial liabilty is rec(xJnised onty when the thanty becomes a paty to the contractual provision5 of the instrument. Basic financial instruments are inrtially recTr3nthJ at the amount re1¥able or payable including any lated transaction o)sts. Current assets and current liabdiiies are subsequenty measured at the ea$h or other ¢on$ideration expec to be pa or receNed arKI not di5counteA. Debt instruments are subsequentty measured at amortised cost. here investments in shares are publicty traded or their fair value can otherwise be measu liably. the invesknent is subsequenty measural at fair value with changes in fair value recognised in InMe and expenditure. All other such investrnents are subsequentty measured at cost sS impaimient. other financial instruments, induding derivatives, are initialty recogni%gJ at fair value. unless payment for an asset defeed beyond normal business temis or financed at a rate of interest that is not a market rale, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a sKnilar debt instrument Other finanaal instruments are Subw4U measured * fair val, with any changes recogni8ed in the ststement of financial acb¥ibes, wilh the exceplion of hgJgiThJ instruments in desynated hedgiThJ relationship. Financial assets that are measuted at cost or awKJrtised cost are review8J for objective evKlence of impaim)ent at the end of eath reportirKJ date. If there is obJecive eviden of impaimient, an impaim)ent loss is rec(NJnised under the appr(yriate heading in the slatement of financial a(aivities in which the inibal gain was recognised. For all equrty instrumerts regardless of s¥JnrfKarsce. and cther financial assets that are indivtdually significant. these are assessed indr¥idually for impaimnL Olher finanal assets are either asseswj indmdualty or group&J on Ihe basis of similar crajrt risk characteristics. Any revefsals of Impalmnt are recognis&l inmediatety. to the extent that the reversal does not resull in a caryiThJ amount of Ihe finanaal assel that exceeds what the carying amounl would ave been had the impairment not previousty been reco3nis8d. 14
Holy Trinity Episcopal Church Notes to the Financial Statements (c Year ended 30 September 2025 Donations and lega¢ie• Unresthcted Restricted Total Funds Funds Funds 2025 Donatlon8 Regular Donations One-off donatsons Gfft Aid reclaimed Miscellar[ts t)ationS 30,714 30,714 500 7.410 7.410 1.140 1,140 Grants Grant - Travel Crant- Mission & Ministry Grant- Buildings Grant- Stipend Support Grant- EV for charging point 2.350 5.802 2,350 5,802 42,070 14,792 56.862 Unrestricted Funds Restrithd Total Funds Funds 2024 Donations Regular Donathy Onfroff donats.ons Grft Aid reclairned Miscellaneous DonalK)ns 30.872 12,026 9,774 30,872 12,026 9.774 Grants Grant- Travel Crant- Mission & Ministy Grant - Buildings Grant- Stipend Support Grant- EV for tharging wnt 1,0¢)J 400 1.000 400 52.672 1,400 54.072 15
Holy Trinity Episcopal Church Notes to the Financlal Statemonts ICL Year ended 30 September 2025 Other trading activities Unrestricted Restricted Total Funds Funds Funds 2025 Quiz NKJht Christmas Fair Christmas Hamper Just Giving Easyfundraising Websrte Penteeost Flower Pots Harvest Supper other Fundraisng Activities Rectors Fundraising - Marath Car Boot FuTrJrai$ing for Toilet 550 133 25 110 550 133 25 110 100 1,554 1,212 1,654 1,212 918 2,766 3,684 Unrestricted Restricted Total Funds FUlS Funds 2024 Quiz Night Christmas Fair Christmas Hamper Just Giving EasyfundraisirwJ Webslte Pentecost Flower Pots Harvesl Supper Other Fundraisng Activities Rectors Fundraising - Marathon Car Bool Fundraising for Toilet 310 613 118 211 310 613 118 211 52 52 325 325 2,830 2.830 2.097 2.830 4,927 Invoglment income Unreslri(*ed Restri¢ted Total Fund8 Funds Funds 2025 General Units in SEC Unit Trust Pool Manifold Bequest Manifold Poor Fund 11.956 11,956 I,g60 446 446 13,916 14,362 16
Holy Trinity Episcopal Church Notes to the Financial Statements Year ended 30 September 2025 Investront Incomo (¢tyrf Unrestsid Rest Total FurK15 Funds Furyds 2024 General Unts in SEC Unit Tnt P( Manrfold Bequest Manrfokl Poor FurMI 1,825 1,825 1,680 392 392 3,897 Other Incomo Unrestri Restri(ed Total Funds Funds Funds 2025 Contribut9 fn)m St Paufs Rothesay Other Inccffie Proc$. Sale of Re(tsy 14,2 14,296 1.205 1.205 14.778 15,983 UnrestrwAed Re5triLtsI Total Funds FuThts FuTrJs 2024 Conth"bub"ons St Paufs Rotssay Other Inc Proreds. Sale of R 16.581 16,581 38 311.186 311.1 311.224 16.581 327,805 Costs of othgr trnding activilies Unrestr¥*d Totsl Fund8 Unrestricted Total Funds FIwK15 FuThJ$ 2024 Fundrarsing Costs 216 216 354 354 17
Holy Trinity Episcopal Church Notes to the Flnancial Ststements (Ctyrfb7mfj Year ended 30 September 2025 Expenditure on ¢haritablo activilies by fund type Unrestrirted Restrictaj Total Funds Fund5 Funds 2025 Unrestricled Funds Organ Fund Poor Fund SEC Grants Linked Charge Corra FouThJation MISlIaneOUS Fund Support e4)sts 49.891 49,891 763 763 3.974 14.296 163 2.285 3,974 14,296 163 2,285 410 410 50,301 21.481 71,782 Unrestrthd Restricted Total Funds Funds Funds 2024 Unrestricted Funds Organ Fund Pth)r Fund SEC Grants Linked Charge Corr8 Foundation Miscellaneous FuTrJ Support costs 56,039 56,039 100 3,950 16,498 312 399 100 3,950 16.498 312 400 1,019 1,020 57.059 21.259 78.318 10. Exponditure on charitable activities by activity ty urmlertaken directly sUprt Totsl funds 2025 Total fvnd 2024 Unrestricted Funds Organ Fund Poor Fund SEC Grants Linked Charge Corra Foundation Miscellaneous Fund G0Veman CA)sts 49,891 763 49,891 763 56.039 100 3.950 16,498 312 400 1,019 3.974 14.296 163 2.285 3.974 14.296 163 2,285 410 410 71.372 410 71.782 78,318 11. Analysis of Support costs Unrestricted Funds Total 2025 Total 2024 Govemance (x)sts 410 410 1.019 18
Holy Trinity Episcopal Church Notes to the Financial Statements fc(¥rtw Year ended 30 Soplember 2025 12. othor expendire Unrestri(ed Restri¢ted Total Funds Funds Funds 2025 Costs Sale of Rectory Unrestncttrj Funds Restricted Total Funds Funds 2024 Costs re Sale of Rectory 4.571 492 5,063 13. N•t galn8 on InvMtm•nts Unfestte(l Totsl Fund• Unrestricled Total Funds Funds 2025 Funds 2024 Unrealised Gainl(Ios8) on Inveslments 33.915 33,915 18,464 18,464 14. Ind•pend•nt oxamlnatlon f• 2025 2024 Fees Payab to tho iThJependenl examiner for. Independent examinatmjn of the financial statements 410 1.019 16. Expondltyr• on dloco8•nlprovlncl*l quota This payment is levied by the parent chanty. the Scottish Episcopal Diocese or Argyll & the Isles. 11 is based on an average of the preVuS three years. Income, and used to fvnd the ath'vrts of the Diocese, the Bishop and lo make a small grant to th8 Province. th8 Scottish Epi$copal Church. 16. Staff co8t8 The total Stsff wsts and employee beneffts for th8 reporting pericmj are analysed as follows.. 2026 2024 Wages and salaries 20.422 39,130 Pen8ion Scheme Stipendiary clergy are able to join the Scottish Episcr¢)al Church PensM)n Fund whl¢h Is a non contributory defined benefft scheme wilh benefits based on final pensionable salary. The Rector, Mr D Rushton. was a member of the fund from N4)ri12025. Tho cogt8 of the scheme to the tharity for the year was £3,T14 (2024 £10,430 from 01.10.23 to 20.08.24, The R. D Railton). The average head count of emplow duriThJ the year was 1 {2024". 1). 19
Holy Trinity Episcopal Church Notes to the Financial Statsments (crya) Year ended 30 Septsmber 2025 16. Staff costs (c No employee rred erybyee Ixrffts of more than £60.OCrf) durirwJ ts year {2024.' Nil). 17. Dl8clpleship & miBsion Discipleship and Mission are sur¥KJrtoJ by a grant from the DKxe. The restrided propyjrtions of the costs are those pakd fr(Mn these grant funds. Rector is ex offio"o a member of the Vesty aThJ a Tnth. arbj receives remuneration, benefits and reiMbursent of expenses in respert of ser$ as a styendiary deric in line wf(h scales detemiined by fra1 Syncd ofthe Scx)ttish Eptsal Church. 19. Expendiiurn on ministry costs Ministry Costs are split betEen Hcdy Trinty & St Paufs Rottw and the I¥1 charge receives travel grant support frn the Dhjcese. The restr1d Pr)rts of the costs are those paKtr Rectory Costs are split bet¥en H(Ay Trinrty & St Paufs Rotlw. In 2023r24 the prcwrtion of the spltt was Hoty Tmty &15ttFM Paufs 215tK8. St Pwfs is Sh(1 as the restrmxed sums. 21. ColloGtions for thlrd parti88 During the year Church m special collectk)ns for the Unde1Th tharit1causes. These are paKI direct to the drItieS1u$es as aThl thereth are n(rt shcrm in the accounts. 2025 2024 SEI Aberfour Children's Chanty Mission to seafare SO1 (Ass) Christran AMJ Bishop's Lent Appeal Cope for Davwj 203 55 177 1.212 692
Holy Trinity Episcopal Church Notes to the Financlal Statements (c Year ended 30 September 2025 22. TangIb fixed as¥ots Interim Develowient Redory Project Totsl Co•t At 1 October 2024 Addition$ 114.219 8.562 7.575 16.137 122,781 7.575 At 30 Sopt•mbgr 202S 0opreGl•llon At 1 O¢tob•r 2024 and 30 S•pt•mb•r 2025 Carrying amount At 30 Soptsmber 2025 AI 30 September 2024 114,219 130,356 114.219 18.137 130,356 114219 8,582 122,781 In FY 2022-23 Holy Trinty Dunoon's Trustees onternd into an agreement with the Trustee$ of St Paul's to purthase an interm Rectory in Duncx)n for tr¢ Shared pr1. It vrds agreed that Holy Trinty Dunoon wouky provide a 62% share of the funds required for the purchase. The Purchase price was £182.000 and £70.000 of this was fvnded by loans to the joint charges of £35,OIXI from the Dmxese of Argyll & The Isles arKI £35,000 from General Syn¢>J of the Scottish Episcopal Church. Hoty Trinty Dunoon would be responssble for repayment of a 62% share of Ihese joint loans Itotalling £43,400) and a 62% share of th? 5% klan interest on same. This agreement 1$ fomialised via a Supplementary fvmorandum of Agreement 2023 re The Provision of Rectory AccommcMJatK?n. (N.B. These b3n$ were pabj dired to Twin Deer Law who carTied out the Conveya for the prertY purchael. The Chuich Is not shown in the balan¢* sheet as these aro vestod in the Dio¢esan Trustee8. The inSUd values of these properties at 30 September was.. Church Building - 2025 £10.970.00012024 £9.980,IJOO} Interim Rectory- 2025 £357,(ffi12024 £348,023) 21
Holy Trinity Episcopal Church Notes to the Financial Statements (cvnthiu•dJ Year ended 30 Septernr 2025 23. Investsngnts Other inv•stmont• Cost or valuation At 1 October 2024 Addibon$ Fair value M0vennts 368,417 33,915 402.332 At 30 S•ptsfflr 2025 Impalmiont At 1 Octob•r 2024 and 30 S•pI•ml 2025 Carrying amount At 30 Septembgr 2025 At 30 September 2024 402,332 368.417 All investrnents shNn aiKive are held at valuation. 24. Dobtor• 2025 2024 othor dobtors 1,671 3,492 25. Cr•dltor•: amount• lalllng duo withln ono yoar 2025 2024 Bank loans and ovèrdrafts Accruals and deferred income Other crèartors 53,400 53.400 1,020 25 54,225 54,487 In FY 2022-23 Holy Trinty OUTKn,9 Tru$tee'$ entered into an agreement with the Trustees of St Paul's to purchase an interim Redory in Dunoon for the Shared Pri85t. 11 was agreed that Holy Trinty Dunoon wouhj provide a 62% Share of the funds requifed for the purchase. The Purchase pnce was £182,000 and £70,000 of this was fijnded by loans to the joint charges of £35,000 from the Diocese of Argyll & The IS and £35,000 from the General Syn¢)d of the Scottish Episcopal Church. Holy Trinty Dunoon would be responsible for repayment of a 62% share of these joint loans {totalling £43.4001 aThl a 62% share of the 5% loan interest on same. This agreement Is foThaltsed via a Supplementsry Memorandum of Agrent 2023 The Provision of Rectory Accomm(xJat#)n. IN.B. These loans vEre paKI direct to Twin t)eer Law who carried out the Conveyanung for the property purchase). A loan of £5.000 from a member of the o)ngwalion has been brought foTh¥aTd, and this 18 shown as creditors amounts due wilhln 1 year. 22
Holy Trinity Episcopal Church Notes to the Financial Stst•ments Yèar ended 30 September 2025 26. Analy•is of Gharllable fvnds Unrestrictgd fvnd• Gains and At kjsses 30 Sep 2025 1 OL# 2024 Inccffie ExperMJiture Trnnsfers General funds Rectory Fund 152,887 311,186 58,109 {50.517) 33.915 194,394 311.186 464.073 58,109 (50.5171 33.915 505,580 At 1 O¢t 2023 Gains and ios89$ At 30 Sep 2024 Inc¢yne Expendiiure Transfers General funds Rectory Fund 138,095 369.498 {61.984) {311.186) 311.186 18,464 152,887 311.186 138,095 369.498 {61,984) 18.464 464,073 Rmtrlctsd fund• At 1 Oct 2024 Gains and At 10$8e8 30 Sep 2026 Income ExpeThliture Trar*fers Organ Fund Poor Fund Appeal Fund SEC Grants Corra Foundation Intsrfaith Scotland 1.532 1,111 2,323 500 446 1,331 8,152 (783) 1,269 1,557 3.854 4.178 233 (3.974) (164) 397 153 153 23
Holy Trinity Episcopal Church Notos to the Financial Statsments Year •nd•d 30 September 2025 26. An•ly81• of charitiblg funds Miscellaneous Fund Linked Charge Grant-Listè Place5 of Worship Appeal Fd- S5t6 Deveknpment SEC Grant- Site Development {2.284) (14.) (1,302) 14.2 620 2.575 4,195 5,000 8.256 32.782 (21.481) 19,557 Gains and At k>sses 30 Sep 2024 10¢12023 Incune EXpli1vre Tr*r5 Organ Fund Poor Fund Appeal Fund SEC Grants Coffa Foundai Interfaith Scotland Miscellaneous Fund Linked Charge Grant -kn$ted Places of Worship Appeal Fund - Srte Dev8k)pn SEC Grant- Site Development 1.532 819 1,113 2.950 1,532 1,111 2,323 392 1.210 (11KI) {3.950) (312) 397 153 153 500 16.581 {18.9891 820 820 1.820 1.620 21.203 121.751) 8.256
Holy Trinity Episcopal Church Notes to the Financial Statements (¢onth Year ended 30 Septembér 2025 26. Analysis of ¢haritablo fvnd$ (conthu Organ Fund - Cpaiial experKliture in re5ation to music. The Organ Fund bs made up of restricted cash. Poor Fund - Discretionary help to tocal poor. Appeal Fund - Churth FalC & Grounds- repairs & development. SEC Grants. Grants t(Mards StipeTrJ & Travd (x)sts of Rector & for Missin. Recovery & Renewal Grant- To assist Charges with recovery of'pre-pandemic, ministry and with online presence post-pandemi¢. Corra Foundation Grant- Towards Wages & Technology. Linked Charge- Contributions fr St Paul's Rothesay to Recto¢s o)sts & 215's Share of Rectory Costs. 27. Anaty818 of not awts boiweon funds unrestrid RestrIc Total Funds Funds Fund5 2025 Tangible fixed assets Investments Current assets Creditors 5$ lJ)an 1 year Net ass•ts 120,541 402,332 26,932 {44.225) 505.580 9.815 130.356 402,332 46,674 154,225) 525,137 19.742 110.000) 19.557 UnrestnctpJJ Restrthd Total Funds Funds Funds 2024 Tangible fixed assets Investrnents Current assets Credrtors less than 1 year Net assets 120.541 368.417 19,602 {44.48n 464,073 2,240 122.781 368.417 35,618 (54,4871 472,329 16.016 110.000) 8.256 26