sr FINNBARR'S EPISCOPAL CHURCH DORNOCH Scottish Charity No SC009639 Annual Report and Financial Ststements For the year ended 30th September 2024 Trnstees, AM￿1 Report For the Year Ended 30th September 2024 Reference & Administratrve Infomiation Charlty Name St Flnnbarrfs Eplscopal Church, Dornoch Charlty No. SC009639 Address Current Trustees Incurnbent:_ Members of the Vestry The Rev Cannon Structure Governance & Management Constltution The Charlty is estsblished by constitutions and is an unincorporated or8anisation. The new revised Constitution recommended by the Scottish Episcopal Church was formally adopted during the year. l. St Finnbarrfs Episcopal Church is a member of the Di0￿e of Moray. Ross and Caithness in full communion with the Anglican Church 2. The Superior authority is the Bishop withln the Diocese 3. The affairs of the Vestry are 8overned by the canon law of the Scottish Episcopal Church. The Vestry members are Charity Trustees of the Church Vestry ftesponsibllltles The responsibilities of the Vestry are to produce annual accounts and records and manage its day to day running and assist the Priest in Charge in carrying out his duties. The Vestry has met on 3 occasions for general buslness during the year Objrftlves & Artlvltles Charltable Purposes The advancement of religion through worshop, prayer,education Service and charitable works. St Flnnbarr'$ Epls¢opal Churth, report for 202314 Achlevements & Perfomance St Finnbarr's SEC continues to play an Important role in the local community providin8 Christian wltness and giving to local or8anisations and groups through fund-raising In Its charlties shop and collections for the Food bank. The church Is served by a priest in charge and an assistant prlest. Regular worship continues and the Eucharist is celebrated every Sunday and on other special occasions. There are currently no regular mid-week services. We continue to celebrate a Season of Creatlon in September with special services and study groups and to hold study 8roups during Advent (Gratitude) and Lent (Galatians). We are Involved in as much ecumenical attivity as possible, including the World Day of Prayer, Week of Prayer for Christian Unity, a Walk of Witness on Good Friday and our annual Christin8le and Carol Service. We have been able to continue regular pastoral support over the telephone and visiting. We continue to have a regular monthly newsletter, which is circulated both on paper and via e-mail and a lively and active website which has initiated contact with new people. Sermons continue to be published each week on the website and distributed by email to members of the congregations. Events are also shared using local Social Media pages. Duringthe year St Finnbarfs had three funerals all of longstsnding members Church members and friends continue to operate St Finnbarr's Charity Shop which is a core part of our Christian mission to the local community, as well as being an essentlal resourte for providing funds for the upkeep and on80ing work of the church itself. Funds raised in the charity shop are also distrlbuted to other local group and organisations. Higher value donated items are sold using online marketplaces or through trade contacts. Our clergy contlnue to be represented on the Domoch Firth Group and the church to be an active member of Domoch and District Community Association (DADCA}. Following activities and special collections, financial contrlbutions were made to Hippokrat la Ukrainian charity) and Tain Foodbank. The Buttons and Bowsjunior accordlon and fiddle group gave a concert in aid of church and group funds. Concluslon The number of members in the cOng￿83tion on Sundays services remains stsble. There continues to be a strong Episcopalian presence in the community in a variety of ways, both through obvlous links like the shop and also through the presence of members of the congregatSon and clergy volunteerin8 in other clubs and organisations. The members of the Vestry would like to thank all those, both members of the con8re8atlon and others, who contribute In so many ways to the ministry of St Finnbarfs. St Finnborfs SEC October2024 Flnan¢lal Revlewl Reserves Pollcv Th Receipts and Payments account show an unrestricted deficit of £ 7,063 for the Churth 12023 £7,038). The Charity shop had another very successful year donating £24,OLK) (2023 £20.000) to local charlties and transferrlng a similar amount to the church resulting in combined unrestricted surplus of £28,160. Payments continue to be mad to the Diocese of Moray, Ross and Caithness in the form of Quota, which together with the Stipend Contribution. which is equivalent to 50% of a standard stipend excluding pension costs amounted to more than £21,000, which The reserves of the vestry are held either as Bank deposits or in SEC unlts. The unrestricted reserves are subjett to 3 3% annual charge by the Diocese towards our annual Quota. If our reserves are exhausted the potential income to both Church and Diocese will be lost with severe consequenw to both. The Vestry are quite clear on our policy of reserves, in order to ensure the future of St Finnbarfs and the Diocese of Moray, Ross and Calthne55. Unrestricted reserve5 Stand at £152,167 (2023 -£124,(X)7) and restricted reserves at £16,312 (2023- £21,697). Conduslon The vestry would like to record its thanks to all those who have so 8enerously supported St Finnbarr's throughout the year with a stable congregation and two ex￿lIent organist supporters. Approved by the Trustees on 12th November 2024 and signed on their behalf by Secretary St Flnnban's Eplscopal Church. Dornoth Independent Examinerfs Report Independent Examinerfs Report to the Trustees of St Finthrfs Episcopal Churth Domoth l ￿port on the financial statements ofthe tharity for the year ended 30 September 2024 which are set out on the following pages. Respectlve responsllllhles of Trustees *)d Examlner The charivs tru5tee5 are respon5ibbe for preparatK)n of the accoullts ID accordance with the term5 of the Chanties and Trustee Investment (Scotland) Act 2Li)51-the 2W5 Act") and the Charitles Accounts {Scotlandl RegulatKJns 2L*)6 las arrendedl {"the 2C￿ Re8ulatlon of the 21x6 Regulatlons does not apply. It is mv responsibility to examine the aCCOLnts as required under section144111)Icl of the 2ts)S Act and to state whether particular matters have ceme to my attentson. Basls of Independent Exarnlnerfs Staternert My examination is carried out in attordance with Regulatlon 11 of the 2￿6 Regulations. An examinatK)n includes a review of the accountin8 records kept by the charity and a comparison of the accounts presented wlth those records. It al￿ includes consideratlon of any ￿USUal item5 or dis¢losuras In the accounls and seeks explanatlons from the trustees concemin8 any such matters. The procedures undertaken do noi provlde all eVIden￿ that would be requlred In an audlt and, consequently, I do not express an audit opinion on the view gwen by the accounts. Ind•p•nd•nt Examlnerf$ Statèm¢rt In connecilon with my examlnation, no matter has come to my attentlon:. 111 which gives me reasonable cause to belleve that, in any material respect, the ￿qUIrements:_ to keep accounting record5 in ac(ordance with sertion 44llllal of the 2C05 Act and Re8￿atIon 4 of the 201A Regulations. and to P￿pare aCco￿t$ vthlch accord with the a¢¢ountln8 re￿rdS and comply wlth Re8ulatlon 9 of the 2CQ6 Re8ulatSons ha¥t not been meL or 121 to whlch, In my oplnbn, attentlon slK*uld be drawn In order to enable a woper understandlng of the accounts to be reached P￿¢•1ptS and Paymènts Year Endod 30th Soptember2024 Church Charity ￿0p 2024 LknreStri¢t￿J Fèstricted iknrestrict￿l rèstrict￿1 Tota 2023 Total INCOME gd nday (3ft P4d nday not £ift ald t￿￿￿10n ant )ecial Collecti r￿ft P4d reclaim Total 11,139 2.755 270 260 11.139 2.755 270 9,415 3,172 2,000 1,000 432 2,953 432 3,262 4.633 Other Inct)me Bank interest In￿stment Income scellaneous 976 223 115 FuNDR￿9NG Charityslw takin Trtal Incomo EXPP4011URE StipaThJ Clerg/Ex￿Ses ota Jtar Ins(ra￿a P£pairs Pont and rates Heat & Litht <>antslDonations Offico costs 13,904 307 7.233 307 1,327 1.781 13, 14.399 51 6.376 102 307 7.233 307 1.327 1,781 2,503 3.577 27.125 1,441 2.133 1.442 20,870 440 2.745 2,503 2,312 24.lJ)O 1819 Misc Tatal Us1[￿fiCit TTansfwto Church (7.062.62) (5,339.46) 35,223.24 {46.33) 22.7T4.83 40.786.34 24.000. (24.{￿.(1)) 16.937.38 (5,339.46) 11.22324 {4Q33) 22.TT&83 40.78&34 st Rnnbarfs S¢(rttlsh Epkncopal Clxrch Ygar Ended 30th &Oembor 2024 &atament of BalaK8s Church Charity Unrestricted P£strict8d Lknstricted P£strictod Tot 2024 2023 Total nds Fknonciliation Balance br￿ forwd 70.638 21.326 371 145,704 104.918 Ideficit f￿year Balance c2rri8d for•Mrd 21ll4' Total 7.223 83.202 2023 Bank & Cash Balances Bank of &otland current alc &cash Bank of &otland deposit alc 32 day Call account ch 2,273 29,159 4.950 34,043 55.067 otherAssets 256 ￿ InVeStm￿t Unlts Ma￿et WdlL Approved by the Trustees on 12th November 2024 and signed on their behalf by St Flnnbarfs Episcopal Churth Notes to the Accounts for the year ended 30th September 2024 l. Basis of Accounting These accounts have been prepared on the Receipts and Payments basis In accordance with the Charlties & Trustee Investment (Scotlandl Act 2CK15 and the Charitie5 Accounts IScotland} Regulations 2006 {as amended) 2. Nature and purpose of fvnds un￿strICted funds are those that may be used at the dlscretlon of the tnjstees In furtherance of the objects of the charity. 3. Investment Income Investment income is made up of the dlvldends from the SEC units 4. Restrfcted Funds At 30th September the Restricted Funds comprised . Balance of winter clothing fund £1,774, balance of legacy £14,213 and grant to charity shop £325. St Hnnbarfs Eplscopal Church Notes to the Accounts for the year ended 30th September 2024 (contlnued) 5. Donatlons The Charity shop made the following donatlons to local charltles durin8 the year: 2023 £1,(K)0 £1,000 £1.51X) £1.000 £1,0(K) £1.000 £I.IM) £1,000 £1,0(K1 £1.000 £1,0(KJ £1,000 £1.0(X) £1,000 £1.000 £1,000 £1.000 £1.000 £1.000 £1,000 £1.(XJO £1,000 £1.000 £1,000 £1,000 £1,000 £1,(X)0 £1.000 £1,1)00 £1.000 £1.000 £1.000 £1.000 £1.000 £1,000 £1.000 £2,000 £1.000 £1,000 £500 £350 £1.000 £500 £300 £500 A12heime¢s &otland Caithness and &therland Women's fv4d The &adbury Cantre Cbmoch kadmey &hool Fund Connecting Communities lknmoch Beach Ilffteelchairs Friends of Oversleps Care Home Historytinks Friends of Lawson meM(￿la1 Hospital MagJies HI￿land Meadows Patients Comfort Fund Mikeysline herland Care Forum Multiple S£lerosis CCASTfoodbank &WA t%)moch Firth &oup tk)moch Community 8ectric Car Sght ktion Enable Works Ck)moch ￿nIOr Football tknioch B)wling Club tknioch Area CIC 10