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2024-08-31-accounts

St Salvador’s Episcopal, Church, Hilltown, Dundee

Charity Reference Number

SC010596

Independent Examiner

BK Plus Limited

144 Nethergate Dundee DD1 4EB

Bankers

Royal Bank of Scotland

3 High Street

Dundee DD1 9LY

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Report of the Vestry for the year ending 31 August 2024

The members of the Vestry present their Annual Report together with the financial statements for the year ended 31 August 2024.

Structure and Governance

In terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Act 2006, the Vestry reports to the congregation as follows.

  1. St Salvador’s Episcopal, Church, Dundee is a registered Scottish Charity (SC010596).

  2. The church is a member of the Diocese of Brechin of the Scottish Episcopal Church and is in full communion with the Worldwide Anglican Communion.

  3. The superior authority is the Bishop of Brechin.

  4. All of the church’s affairs are governed by the Vestry.

Appointment of Vestry Members

Vestry members are elected by the congregation’s Annual General Meeting established by the church’s constitution and under the Canon Law of the Scottish Episcopal Church. Between Annual General Meetings, the Vestry may co-opt other members to serve. There is no formal induction programme for new Vestry members but information on occasional opportunities for training offered by the Diocese or Province are intimated to all members. Ongoing guidance is also given to ensure the Vestry members are familiar with the church’s values, aims and responsibilities as designated trustees of a Scottish charity.

Administrative Structure

It is the duty of the Vestry to manage the temporal affairs of the congregation with responsibility to keep the fabric and property of the church, rectory and halls in good working order and to look after the finances of the church.

Statement of Risk

The Vestry keeps under review the major risks to which the church is exposed and has established procedures to mitigate any risks identified.

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Charitable Objectives and Activities

The church’s principal activities include public worship, pastoral care, Christian education and formation, social activities for its members, charitable work, and fund-raising for local, national and international needs.

Volunteers

The Vestry is grateful for the time freely given by a number of volunteers, without whom many of the activities of the church would be unable to operate.

Achievements and Performance

The congregation continued to provide a venue for public worship, charitable work, Christian education and formation, and to make its hall facilities available for activities benefitting a wide range of members of the local community. The church Food Cupboard continued to make food available to those in need. Several new volunteers have begun helping, thanks to advertising on Volunteer Scotland. Partnership working with the Maxwell Centre, who use the church hall and grounds, continued as they engaged with all ages within the community, supporting them to grow food and learn cooking and baking skills, as well as organising art classes, craft workshops, etc.

Special events this year included a viola and cello recital in June, and we made plans for our 150[th] Anniversary High Mass for 14[th] September to commemorate the consecration of our church in 1874. The Strathclyde University Chamber Choir will sing Herbert Howell’s Communion Service alongside the Merbecke Gloria, Creed and Lord’s Prayer. The church was also booked for Doors Open Days for 28[th] and 29[th] September.

We continued to broadcast our services on YouTube when a staff member was available to operate the equipment, thereby enabling people who are unable to attend in person to take part.

Trustee Remuneration, Benefits and Expenses

No member of the Vestry, including the Priest-in-Charge and Interim Rector, received remuneration other than for reimbursement of purchases made on behalf of the church or other expenses similarly incurred. Technically the Priest-in-charge is an office holder, not an employee. The Priest-incharge is ex officio a member of the Vestry and a trustee and receives remuneration, benefits and reimbursement of expenses in respect of services as a stipendiary cleric in line with scales determined by the General Synod of the Scottish Episcopal Church.

Trustee Remuneration etc.

2024 2023
Stipend etc. £19,115 £20,853
Expenses etc. £31 £362

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Financial Review

The Vestry continues to do its best to manage the church’s finances while working with a small congregational base. In contrast to the previous two years, the accounts this year showed a surplus of £10,495, made up of £81,469 in receipts and £70,974 in payments. However, we were again helped out by a donation of £5,000 from the Paul Harvie Trust, and the Luscombe Benefaction donated a further £15,000. In addition, we sold £20,000 of the unit trusts that we hold.

The amount spent on supplies for the food cupboard (£6,080) continued to exceed donations (£4,268), although not by as much as last year. The amount spent on repairs was well down on 2022–23 as work on the rectory had largely come to a halt and only routine repairs were made to the church.

Clergy costs were slightly down, partly because we were without a full-time priest from the beginning of August. Our insurance premiums increased slightly. Our utility bills remain a major expense; however, we are hopeful that the new contracts that will come into effect in May 2025 will lead to considerable savings.

Money donated for the Food Cupboard Ministry is considered ‘ring-fenced’ and can only be used for that purpose.

Plans for the Future

Negotiations regarding the lease of the upper and lower halls by the Maxwell Centre are almost complete. The Vestry is also considering the future use of that part of our buildings currently used by Club83. The Rectory will be put on the market to be sold when refurbishments are completed as it does not meet the Diocesan requirements for an EPC rating of C or better. Another property will be purchased with the money to be used initially as a house-for-duty.

The Food Cupboard continues to offer hospitality, social interaction and support to those in need. It remains the only such offering in Dundee on Sundays and, as such, is greatly valued by its users.

Moving the Drop-in and Food Cupboard to the hall from the church has been a great success. The Vestry is grateful to all the volunteers who support the Drop-in and those from other churches who help. New volunteers are coming in as a result of advertising on Volunteer Scotland and when enough are helping on a regular basis we shall be able to organise a rota to share the workload.

We have plans to make more use of the church building on Saturdays for musical events in order to establish St Salvador’s as a regular venue.

Reserves

The main reserves of the congregation are held in the Scottish Episcopal Church’s Unit Trust Pool. The investment policy of the Unit Trust Pool is to earn a return on the assets, over the long term, sufficient at least to maintain the real value of the distribution to unit holders.

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Statement of Vestry Members’ Responsibilities

The members of the Vestry must prepare financial statements that give sufficient detail to enable an appreciation of the transactions of the church during the financial year. The members of the Vestry are responsible for keeping proper accounting records which, on request, must reflect the current financial position of the church. This must be done to ensure that the financial statements comply with the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Vestry is also responsible for safeguarding the assets of the congregation and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.

On behalf of the Vestry,

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Churchwarden and Acting Vestry Chairman

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Enter charity name below|Enter SC No. below| |St Salvador's Episcopal Church Dundee|SC010596| |Receipts and payments accounts| |Period start date|Period end date| |Enter charity|Day|Month|Year|to|Day|Month|Year| |name below| |1|Sept|2023|31|August|2024| |Section A Statement of receipts and payments| |SSS|Unrestricted|Restricted|Expendable|Permanent|Total funds|Total funds last| |endowment|endowment| |funds|funds|funds|funds|current period|period| |to nearest £|to nearest £|to nearest £|to nearest £|to nearest £|to nearest £| |A1 Receipts| |Donations|11,671|4,268|15,939|32,212| |Legacies|15,000|-|15,000|2,000| |Grants|-|-|-|1,000| |Receipts from fundraising activities|-|-|-|-| |Gross trading receipts|-|-|-| |Income from investments other than| |land and buildings|1,111|45|1,156|1,701| |Rents from land & buildings|29,289|-|29,289|25,733| |Gross receipts from other charitable| |activities|85|-|85|245| |-|-| |A1 Sub total|57,156|4,313|-|-|61,469|62,891| |A2 Receipts from asset &| |investment sales| |Proceeds from sale of fixed assets|-| |Proceeds from sale of investments|20,000|20,000| |A2 Sub total|20,000|-|-|-|20,000|-| |Total receipts|a|77,156|4,313|-|-|81,469|62,891| |||| |A3 Payments| |Expenses for fundraising activities|-|-| |Gross trading payments|-|-| |Investment management costs|-|-| |Payments relating directly to charitable| |activities|60,260|7,294|67,554|84,365| |Grants and donations|-|-| |Governance costs:|-|-| |Audit / independent examination|420|-|420|510| |Preparation of annual accounts|-|-| |Legal costs|3,000|3,000|-| |Other|-|-| |-|-| |A3 Sub total|63,680|7,294|-|-|70,974|84,875| |A4 Payments relating to asset and| |investment movements| |Purchases of fixed assets|-| |Purchase of investments|-| |A4 Sub total|-|-|-|-|-|-| |Total payments|5|63,680|7,294|||-|fg|-|||70,974|||84,875| |Net receipts / (payments)|9|13,476|( 2,981)|||I|-|Os||-|10,495|||( 21,984)||| |A5 Transfers to / (from) funds|||( 1,817)|1,817|||-|-| |Surplus / (deficit) for year| |a|11,659|||( 1,164)|||-|-|||10,495|||( 21,984)|

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APPENDIX 2

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APPENDIX 2
St Salvador's Episcopal Church Dundee SC010596
Section B Statement of balances
Unrestricted Expendable Permanent Total current
Categories Details funds Restricted funds endowment funds endowment funds period Total last period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
B1 Cash funds Cash and bank balances at start of year
( 3,557) 8,354 4,797 26,781
Surplus / (deficit) shown on receipts and
payments account 11,659 ( 1,164) 10,495 ( 21,984)
Cash and bank balances at end of year 8,102 7,190 - 15,292 4,797
(Agree balances with receipts and payments
account(s)) - - - - - -
Fund to which asset belongs Market valuation Last year
Details
to nearest £ to nearest £
B2 Investments SEC Unit Trust Pool General 37,943 54,531
1277 Units
Total 37,943 54,531
Current value (if
Details Fund to which asset belongs Cost (if available) available) Last year
to nearest £ to nearest £ to nearest £
B3 Other assets Church and Halls General 750 - 750
Rectory General 53,002 - 53,002
Total 53,752 - 53,752
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
B4 Liabilities
Total - -
Details Fund to which liability relates Amount due (estimate) Last year
to nearest £ to nearest £
B5 Contingent liabilities
Total - -
Signed by one or two trustees Date of
on behalf of all the trustees Signature Print Name
approval
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APPENDIX 2

SC010596

St Salvador's Episcopal Church Dundee

Section C Notes to the Accounts Section C Notes to the Accounts
C3a Trustee remuneration
C4a Trustee expenses
C6 Other information
C5 Transactions with
trustees and connected
persons
C3b Trustee remuneration -
details
C4b Trustee expenses -
details
C1 Nature and purpose of
funds(may be stated on
analysis of funds worksheets)
C2 Grants		 Individual /
institution
Number of grants
made
£
-
£
19,115
Number of
trustees
£
1
31
1
31
Transaction
amount (£)
Balance
outstanding at
period end (£)
Travel Expenses
To provide weekday and Sunday Christian religious services as prescribed by the Scottish Episcopal Church.
To provide pastoral care and material assistance to the congregation and the wider community.
Type of activity or project supported
-
Nature of relationship
Nature of transaction
Gross stipend
Total
If no remuneration was paid during the period to any charity trustee or person connected to
a trustee cross this box (otherwise complete section 3b)
Authority under which paid
If no expenses were paid to any charity trustee during the period then cross this box
(otherwise complete section 4b)

APPENDIX 2

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APPENDIX 2

SC010596

St Salvador's Episcopal Church Dundee

Additional analysis (1)

Analysis of receipts and payments

1 Donations

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Unrestricted Expendable Permanent Total current Total last
Restricted funds endowment endowment
funds funds funds period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
Congregational Giving 3,979 3,979 4,180
Sundry Donations 7,692 - 7,692 23,497
Food Cupboard Donations 4,268 4,268 4,535
-
Total 11,671 4,268 - - 15,939 32,212
- - - - - -
2 Grants
Unrestricted Total current Total last
Restricted funds
funds period period
to nearest £ to nearest £ to nearest £ to nearest £
- 1,000
-
-
-
Total - - - 1,000
- - - -
3 Gross receipts from other charitable activities
Unrestricted Expendable Permanent Total current Total last
Restricted funds endowment endowment
funds funds funds period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
Concert Takings 85 85 245
-
-
-
-
-
-
-
Total 85 - - - 85 245
- - - -
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4 Payments relating directly to charitable activities

Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total last
period
to nearest £
Clergy and ministry costs
Worship costs
Insurance
Repairs and maintenance
Heat,light & power
Diocesan Quota
Administration costs
Food Cupboard expenditure
Utilities
Other		 21,711
663
12,491
2,854
13,920
6,751
1,870
-		 879
335
6,080		 21,711
1,542
12,491
3,189
13,920
6,751
1,870
6,080
-
-
-		 23,535
1,684
10,029
16,719
12,125
7,921
2,578
9,330
444
Total 60,260 7,294 - - 67,554 84,365
- - - - - -

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APPENDIX 2

SC010596

Additional analysis (2)

5 Breakdown of unrestricted funds

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Unrestricted Unrestricted Unrestricted Unrestricted
fund 1 - enter fund 2 - enter fund 3 - enter fund 4 - enter
name of fund name of fund name of fund name of fund
below below below below
General Total Total
unrestricted unrestricted
funds funds last
period
Receipts
Donations 11,671 11,671 10,677
Legacies 15,000 15,000 2,000
Grants - - -
Receipts from fundraising activities - - -
Gross trading receipts - - -
Income from investments 1,111 1,111 1,637
Rents from land & buildings 29,289 29,289 25,733
Gross receipts from other charitable activities 85 85 245
Sub total 57,156 - - - 57,156 40,292
-
Receipts from asset & investment sales
Proceeds from sale of fixed assets -
Proceeds from sale of investments 20,000 20,000
Sub total 20,000 - - - 20,000 -
Total receipts 77,156 - - - 77,156 40,292
-
Payments
Expenses for fundraising activities - -
Gross trading payments - -
Investment management costs - -
Payments relating directly to charitable activities 60,260 60,260 62,425
Grants and donations - -
Governance costs: - -
Audit / independent examination 420 420 510
Preparation of annual accounts - -
Legal costs 3,000 3,000
- -
- -
Sub total 63,680 - - - 63,680 62,935
-
Payments relating to asset and investment
movements
Purchases of fixed assets -
Purchase of investments -
Sub total - - - - - -
-
Total payments 63,680 - - - 63,680 62,935
-
Net receipts / (payments) 13,476 - - - 13,476 ( 22,643)
Transfers to / (from) funds ( 1,817) ( 1,817) 2,192
Surplus / (deficit) for year 11,659 - - - 11,659 ( 20,451)
-
Nature and purpose of funds
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CHARITY REFERENCE NUMBER SC 010596

ST. SALVADOR’S EPISCOPAL CHURCH, DUNDEE

RECEIPTS AND PAYMENTS ACCOUNTS

FOR THE YEAR ENDED

31[st] August 2024

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SCOTTISH EPISCOPAL CHURCH – DIOCESE OF BRECHIN

ST SALVADOR’S CHURCH – DUNDEE

INCOME AND EXPENDITURE ACCOUNT – YEAR ENDED 31 AUGUST 2024

Note
Receipts
Congregational and voluntary
2
Investment Income
3
Property Revenue
4
Other Income
Grant Received
Total Receipts
Payments
Provincial & Diocesan quota
Clergy cost
5
Property expenses
6
Administrative expenses
7
Charitable expenditure
8
Total Payments
Surplus/(Deficit) for the year		 2024
2023
£
£
30,939
34,212
21,156
1,701
29,289
25,733
85
245
-
1,000
81,469
62,891
6,751
7,921
21,711
23,535
31,142
41,001
5,290
3,088
6,080
9,330
70,974
84,875
10,495
(21,984)

SCOTTISH EPISCOPAL CHURCH – DIOCESE OF BRECHIN

ST SALVADOR’S CHURCH – DUNDEE

BALANCE SHEET – 31 AUGUST 2024

2024 2023
£ £
Bank and Cash in Hand
Opening Balances
Bank 4,797 26,781
Surplus/(Deficit) for the year Surplus/(Deficit) for the year 10,495 (21,984)
Closing Balance 15,292 4,797
Reserves
Bank Current Account 13,575 832
Bank Food Cupboard Account 1,717 3,965
Closing Balances 15,292 4,797
(Signed ______ Treasurer
(Signed ______ Trustee
Dated _ Dated _ ____

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SCOTTISH EPISCOPAL CHURCH – DIOCESE OF BRECHIN

ST SALVADOR’S CHURCH – DUNDEE

NOTES ON ACCOUNTS – 31 AUGUST 2024

1. ACCOUNTING POLICIES

2. CONGREGATIONAL AND VOLUNTARY INCOME

Congregational Giving
Harvie Trust donation
Legacies
Sundry Donations
Food Cupboard Donations
Tax Recovered
3. INVESTMENT INCOME
Scottish Episcopal Units disposed
Bank Interest – General
Scottish Episcopal Dividend
4. PROPERTY REVENUE
Rental Income
5. CLERGY COSTS
Clergy Stipend
Council Tax		 2024
2023
£
£
3,979
4,180
5,000
17,000
15,000
2,000
2,692
6,497
4,268
4,535
-
30,939
34,212
20,000
-
45
64
1,111
1,637
21,156
1,701
2024
2023
£
£
29,289
25,733
29,289
25,733
19,115
20,853
2,596
2,682
21,711
23,535

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6. PROPERTY EXPENSES

Church – Insurance
Church - Worship
Church – Repairs
Church – Heat and Light
Church - Utilities		 12,491
10,029
1,542
1,684
3,189
16,719
13,920
12,125
-
444
31,142
41,001

7. ADMINISTRATIVE COSTS

Stationery and postage
Independent Examiner Fee - 2021
-
2022
-
2023
Solicitor’s Fee
Telephone
Sundry
8. CHARITABLE EXPENDITURE
Food Cupboard Expenses		 121
871
-
150
-
360
420
-
3,000
-
959
989
790
718
5,290
3,088
6,080
9,330
6,080
9,330

9. INVESTMENTS

2034 Units SEC UTP
1277 Units SEC UTP
Disposal of 747 Units
SEC UTP		 Market
Value
Market
Value
Income
Income
2024
2023
2024
2023
-
55,397
-
1,637
37,943
-
1,111
-
-
-
20,000
-
37,943
55,397
21,111
1,637
  1. Other Assets –
Church and Halls
General
Rectory
General		 2024
2023
£
£
750
750
53,002
53,002
53,752
53,752

11. COMMITMENTS

There were no major unfunded commitments at 31 August 2024 (2023 – NIL).

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ST. SALVADOR’S EPISCOPAL CHURCH, DUNDEE

I report on the financial statements of the Charity for the year ended 31[st] August 2024.

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the financial statements 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 financial statements as required under section 44(a)(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 financial statements presented with those records. It also includes consideration of any unusual items of disclosures in the financial statements, 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 we do not express an audit opinion on the view given by the financial statements.

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:

have not been met, or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

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Date

BK Plus Limited. Chartered Certified Accountants 144 Nethergate Dundee DD1 4EB