Saint Modoc's SCOTnl EP1510PAt (HIWI .Doune" sr MODOCS EPISCOPAL CHURCH: YEAR ENDED 30- Se TRUSTEES, ANNUAL REPORT mber 2024 The Trustees have pleasure in presenting their report. together with the financial statements and the Independent Examinerfs report forthe year ended 3tr September 2024 REFERENCE AND ADMINISTrATIVE INFORMATION Charlty Name: St Modoc's Episcopal Church. Doune. Charity Number. SC011617 STRucfuRE AND GOVERNANCE Constltutlon The Charity is an unincorporated association. It is governed by its constltution which was adopted on 61h March 1994 and signed bythe Bishop of St Andrews. Dunkeld and Dunblane on 19 July 2CQ7. and revised In 2021. The church was given tharitable status by OSCR on 22 October 2007. It is a member of the Diocese of St Andrews, Dunkeld and Dunblane of the ki)ttlsh Episcopal Church and is in full communion with the Anglican Church. The Vestry normally meets every two months. tts members are the trustees. Trustees are elected at the Annual General Meeting vthich is nomially held in December. Under the constitution there must be not more than ei8ht or fewerthan three constituent members, plus the Rector and the Lay Rep. The superior authority is the Bishop of StAndrews, Dunkeld and Dunblane. Management The Trustees are responsible for the strategic direction and fabric of the church. The Trustees are partlcularly aware of thetr responsibilities for Health and safety, and for the care of children and
vulnerable adults. In addition to comprehensive insurance, those involved in regulated work have disclosures under the Protettion of Vulnerable Group5 (PVG) Stheme. OBJECTIVES AND AcfMTIES Charitsble purposes The principal activities of the church are public worship In sacrament and prayer. Alongside thi5 the church is involved in pastoral. educatior1 and fund-raising work in response to local, national and international needs as they arise. A¢hievements and Perf0mnCe The congregation continues to engage with others in the community, including holding a CaroFs Around the Tree servlce. a community Remembrance Day Service and Coffee and Chat on a Thursday followed by meditation. Work has continued on the Church and Rectory to bring the fabric up to standard and to repair where necessary. We have taken the first p>sitive steps of strengthening our relationship with our newly linked sister church of St Saviour'& Bridge of Allan by having a Joint Liaison Committee which meets twice a year, and by attending joint bible study and social ev¢nts. Volunteers The Vestry 15 grateful for the time freely given by a large number of volunteers, wlthout whom many of the actlvFties would be unable to operate. Flnandal Revlew There has been a 4% increase in giving and a slight rise in Investment income. Running costs have Increased by 126% due to Stipend, Pension contributions and Rectory running costs commencing in January. Overall costs increased by 150% for the same re350ns plus capital improvements to the Rectory. There was a deficit of £19,170 compared to a surplus of £14,663 in the financial year ending 30 Sept 2023. Overall value of investments increased by over £28,Ll)O, approximately 11%. £635 was raised for other charities. Since January 2024. St Modods has been responsible for 50% of the Stipend, Pension costs and expenses of the Rector and 5(fA of the running costs of the Rectory. We are also responsible for 50% of the capital costs of the Rectory. Some of these received the lefit of a s/• Grant from the Dioces¢. The Vestry has adopted a policy of trying to maintain a level of unrestricted reserves such that. in the event of a significant drop in income. the Church would be able to maintain its current level of activities for a reasonable period until replacement funding is obtsined. Rertor of St Modoes became Rector of the linked parishe5 of St Modods Doune and St Saviourfs, Bridge of Allan in January 2024 and lives in the Rectory at St Saviourfs Church. Plans for Future Perlods The Vestry will continue its range of present activities in the foreseeable future. A congregational survey and a comtnunity survey are to be Carried OUL and there are pkn to devdop the worshipping, organisational and missional lrfe of the churclL On behalf of the Trustees Si8ned {Chairl Date
St Modo£'s Church. Doune eceipts and Payments Account For the 12 Months to 30th Sept 2024 ITO 30109n4 To 30109123 Recei Voluntsry Income Pledged Giving , Qther Gift Income iopen Plate 'Tax Reclaimed ' Donations,, 17,4051 16307,: 1.510 4.692 I,tso"' 4,878, Sub Totals 24.710 Reteipts from Investmenrs otherthan Eand and buildings, Investment Income ' Bank Interest Other Charitable Activities Lease of ground ! Bequest ,,Scotland Garden Scheme Sale of preserves 8205.. 8.070 41 I£3 see overl 430 iii Total Rétèi pernumary Quot StipendlPension Trustee Exp5 INote 31 Property Exps (Note 41.. Utilities 55381 5.0521 936 4.228 Insurance aeaning Garden Exps Altsr Exps Oan Exps Stationery. IT & Postage Outreach Materials etc Sundries Half Rertory Running Exps Total Runni Costs Half Rertory Capt Co Less Half Grant Half Vacanty Advert Reg Controlled Interest Stanley Appeal Halt Rernoval Costs Total Pa 1,047 1,0401 1.146 31:, 170 461 236 1251 20.576 10,750 9,826 3.242 3( 220 Surplus l Defidt -19.170:
All Amounts in £ Totsls Opening Balance Transfers Bank Accts 2041 .23 -.170 -ts.170 390 390 Totsl Marker Vae Stsrt FlrAndal Year Unrealised GainlLcss 261.266 28.182 27315 367 776 316 nts The (hurch is not shcNm in the 5tstement ofbalances a5The v• beliw that St Is not P0$5ible to pl a marketvalue on IL The valuatlon of bull* for lrffjuraEe is £4.211A68 2. Funds: Funds a hekl forthe fIng purpo". Gas Safety theck Electrlcal Work (Church) Quinquwnial &wvev Maintenan 159 3.930 5.052 Bal BIF Income DMation 315 Bal CIF 315 Salvation Army ICar¢ls Rnd Tr Blshop's Lent Appeal IE4) Tots15
Inde ndent Examinerfs Re Tothev of St Mod0¢5 ered Cha No SC011617 r the Year Ended * Se tsm l thurth I rep)rt on the accounts of the charity for the yearended 3 September 2024 Respettl¥e re5PQn5ibifrtie5 of Vesty mernbe and Examlner The Church's Vestry mernbers are responsible for the pparation of the accounts in accordance with the terms of the Charities and Ttee Investment Iscouand) Act 2CI)5 and Charities Accounts (Scotland) Regulations 26. The Church's members of the Vestry consider that the audit requirement of Regulation 10(Illdl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44111 { c) of the Act and to stste whether particular matters have come to my attention. Basls of Independent exaMI¢S stateft My examination is carried out in accordan with regulatlon 11 of the Charltles Accounts (Scotlandl Regulations 2(M)6. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts psented wtth those record5. It also indudes consideration of any unusual items or disclosures in the accounts, and seeks explanatlonsfrom the trustees concerning such matters. The produreS undertaken do not provide all the eviden that would be required by an audit, and consequently I do not express an audit opinion on the accounts. Independent examlner5 Statem In connection with my examination. no matter has come to my attention:_ which gives me reasonable (ause to belleve that in any material $pert the qUirements. - to keep accountin8 records In accordan wlth Sertion 44(1){a) of the 25 Act and Regulation 4 of the 2(K16 Accounts Regutation. and -to prepare accounts whith accord with the accounting records and comply with Regulatlon 9 of the 2(k16 Account Regulations have not been meL or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: