Scoltish Charity Number.. SC012292 St Aidan's Scottish Episcopal Church Report and Financial Statements for the year ended 30 September 2024 St Aidan's Scottish Episcopal Church Report and Financial Statements for the year ended 30 September 2024 Pagcs Reference and Aibninistrative Inforniation Report of the Trnstees Independeni Examiner's iieport Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9- 14 St Aidan's Scottish E isco Referenee And Administrative Information for the year ended 30 September 2024 al Church Scottish charity number: SL012292 Independent examiner: A7els Audit Services Chartered Accountants Abercom House 79 Renfr¢w Road Paisley PA3 4DA Bankers: Bank of ScotlatLd 244 Ayr Road Newton Mearns Glasgow G77 6AA st Aidan's Scottish Episco Reporl of the Trustees lor the year ended 30 September 2024 al Church The Trnstee8 present their annual rcport and financial statemellts for the charity for the year ended 30 Septen)ber 2024. The f￿anCIal statements have been prepared in accordance with the accounting policies set out in note l tt) the accounts and comply with tbe charity's Cvnblitutiun: the C.h￿1tEe￿ and Tn￿tee Ini'cstmcnt (Scotland) Aer 2005, the Charities Accounts (Scotland) Regulations 21K)6 (as aTnend¢d}, and Ac.cotiniing and RerM)rting by Charitics.. Ststcmcnt of Recommcnd￿ Practice appli¢able to charities preparing their accounts in aLcorddllL¢ wilh the Fillwicial Reporting Standard applicablc in the UK and the Republic of lT¢land published on 16 July 2014. The legal adminibtrdtive It)f0m￿tIon on page one forni part of this rcport. l)bjectiYes and 4¢livities St Aidan's Scoitish Epis¢opal Church is established exclusively for charilablc purposes, primarily for the advancement of rcligion and to provide public benefit. The Church's principal 8¢rivity 14 public worship dnd prdyer, Ihc spiritu?1 nurnre and pa.gtDral care ol-ils rnembcrs and others who seek its mini%try and fellowship. Christian education, charttsble work dnd flind-r￿S1llg for local, natiiinlus for the year is entirely due ¢0 the Church receiving support from the Diocese and also receiving two Icgacies. Otherwise there would have been a substantial deficii. Reserves policy The minimum desired reserves would bc approximatcly £15,000, which represents day-to-day nmning expenses for about three months. General reserves at 30 September 2024 were £12,343 (2023.. £11,583). There is no separate reserye for property expenditure. St Aidan's Scottish Episcopal Church Report of the Trustees for the year ended 30 Seplember 2024 Strncture, governance and management St Aidan's Scottisb Epis¢opal Church is a regislered Scotttsh clwity (SC012292). It is part of the Episcopal Diocese of Glasgow & Galloway of thc Scottish Episcopal Church, and is governed by the Vesty. Governin Document The Church is administered in accordance with the Constitution. Recruitment and A ointment of Trustees The m¢mbers of the Vesty are the charity tn￿lees. All members of the Vestry are selected from the constituent members of the Congregation. The appointment of the Rector rests with the Bishop and the Vestry, being the Patrons. The appoinrment of the Rector's Warden is in the gift of the Rector. Thc Pcople's Warden is clcctcd annually by tbe Congregation. Tbe Vestry appoinls the Secretary, Treasurer and Free Will Offering Convcner. addition to the Rector. the Rcctor's Warden, the Pcople's Wardcn, the Lay Represcntative and the Alternate Lay Representative, the constitution provides for the ele¢tion by the congregation of six constituent voting members. Vestry members are elected for thrce years at the Annual General Meeting of the Congregatio￿ established by constitution and under the Canons of the Scottish Episcopal Church. anisational struC￿re The temporal affairs and the general managemcnt and control of St Aidan's Scottish Episcopal Church is under the managcment of the Vestry. which has responsibility to keep the labric and properties of the Church in good order and lo look after the finances in a proper and corporately estsblished maJ)ner. Trustees, Tesponslbilltles in re14tion to the financial statements The charity trustees are responsible for preparing a tnjstees, annual report and financial statements in accordance with the applicable law and United Kingdom Accounting Standards (Unitcd Kingdom Gencrally Accepted Accounting Practice). The law applicable to charities in Scotland requires the charity trustees lo prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, of the charity for that period. In prcparing these financial statements, the members are required to.. select suitable accounting policies and thcn apply thern consistently. observe the methods and principles in tbe applicable Charities SORP. make judgcmcnts and estimates that are reasonablc and prudent; state whether applicable accounting standards have been followed. subject to any material dcpartures disclosed and explained in the financial statements. prepare financial statements on thc going Concern basis unless it is inappropriate to presume that the charity will continue in business. St Aidan's Scottish Episcopal Church Ileport of the Trustees for the year ended 30 September 2024 Trnstees, responsibilities relatlon tD the financfial statements (eont'd) The trustees ar¢ resrA)nsible for keeping proper accounting records that dis¢losc with reasonable accuracy at any lime thc financial position of the charity and which ellable thcm to ensure that the finanLial stalcTn¢nts cumply wilh lh¥ Chariiics and Trustee Investment (Scotland) Act 2005 and Ihe C.haritieq Accounts {Seotland) Regulations 2006 (as ametidedl, and the pmvi8ions of the charitlcs COn51ituiion. They are also responsible for safeguardit]g the assets of the Ch￿￿ty and taking rcasonable steps for the prevention and detection of fraud and othcr irrcgularitics. The trustees are responsible for the n￿￿￿tenance atLd integrity of the charily and financial inforn)ation included in the chgrity's websitc. Lcgislation in the UTLited Kingdon] governing the preparation and dissemination of financial slaiemellts may differ from legislation in othci jurisdictions. ApproTred bv the trust¢es and signed their behalf bv: Date. 314z5 St Aidan's Scottish E isco al Church Report of the Independent F.xaminer lo the Members of St Aidan's Scottish F4)iscopal Church for the year ended 30 September 2024 I report on the accounts of the charity for th¢ year ended 30 September 2024 which are set out on pages 7 to 14. Respoctlve respottsibilitit$ of trustees and eKaminer The ch&rity's truste¢s are responsible for the preparation of the account8 in accordance with the temis of the Charities TnJ51e¥ Inveslmenl {SLotlandl ALI 2W5 and th¢ Lharib¢s Accounts (scull￿￿) Rttgulations 20U6. "I'he Lharity's Lfu5LgeS L4)115ider tli¥i th¢ r¢quirLm¥ni of Rvbjuldiion 10(1) (d) lo (Ll of ih¥ ALLounts Rlyulaiiuiib (1(￿ noi apply. It is rny respon%ibility to ex￿ine rlit aLLounis as requirtd undEr section 44(1) (Ll uf ihc ALI and tu %tal¥ whether particular matters have come tts my diiention. BAsi5 of indeptndent cxamlner'$ 4tatsm£nt My examination is carried out in acci>rdance ￿'1th Regulalion I l ofihe C,Iiarities AccounLs {qci)tlandl Regulations 2006. An examillation includes 3 resiewf of the accoijnling records kept by the charity and & compari%an (kf the accnunts pr¢seni¢d with thos¢ records. It also includes consideration of any unusual items or disclosures in the accounts and 5cGks cxplaiiations froii) tlie ttijsttts crjiicei'ikiiig aiiy %ucli iiiaiier.8. Tlit i)roLedures uiidertakci) do not providc all tjie cvidcncc thai ivould bc requirec in an audit and ¢ons¢qu¢nil}' I dg not expr¢ss an audit opinion on rhe vi¢w given by the accoun1& Independent eyamlner's stxtemeDt ID ihe course of my examinatiun, no matter h#$ Lome to my attention which gives me reasonable cause to believe that in any material respect the requirernents.'_ tr> keep accounting records in wcordance with Section 44(1) (a) of the 2005 Act and Rcgulation 4 of the 2006 Accounts Regulations, and to prepare accoiiots whi¢h accord with th¢ ￿COuntIng r¢wrds and ¢omply with kegulaiion 8 of the 21K)6 Accounls r¢gulations have iiot been mec or to which, in my opinion. atteniion shc)uld be drawn in order to enable a proper und¢rstanding of the accounts to be reached. Chartered ALcuuntants Abercorn Hi)u¥e 79 Renfrew Road Paisley PA3 4DA Dale: Il Ei Lg St Aidan's Scottish E isco al Church ststement of Financial ActiTrities Year ended 30 S¢ptemb¢r 2024 unre￿rIttEd Funds 2024 Re¥tricted Fujkds 2024 Elldowm¢nt FuDds 2024 Tot*1 F￿Trds 2024 Note Tncorno QDdowmtnts from.. DonBtions and legacies 37.166 4,384 27.487 584 37,166 4,384 27,487 OlheT Iiading arli￿¢1£ ]nvesttncnts (Xhtr incomE io 12.150 Totlll IrLeom¢ 76,621 12,150 88,771 Expenditsre OD: CbaTitEbk activities 76,18 4,933 70 Totll expetydilu 76.180 4.933 Net gainollosftsl on inv&sttMJts Net {e￿eDdI￿r*I1￿nC0rnt 13 240 240 559 8,217 760 7,217 Trallsfersbe￿een fujjds Nrf movtll*kn¢ hnd5 760 7217 240 8.217 Tot81 Funds brought fowrd 38 3,877 15,498 Total funds £*rried forward 12,343 7,255 The Statement of Fjnancial Actlvittes i#eluao4 all gains and losKs reco￿lSed in the yeaT. All io¢on)e 2nd exppndituie derive fr(￿nCODI]r￿lling activities. St Aidan's Scottish isco al Church Balance Sheet as at 30 September 2024 2024 Note Flxed as5eis: Investmcnts Tolal Fiicd A55eti 13 9,)72 Current a5Stts: D¢btors Cash ai ballk alld in hand Tolal Current Assels 14 5.051 35,640 40,691 Crediiors falling due within one year 15 26,548 Net Current Assets 14,143 Nel A&sets 23,715 The funds of the ¢harity Endowrynenl ￿ndS Restricted income fitnds Unrcstricled funds 17 4,117 7255 1?.343 17 23.715 Approyed by tbe Trustees . ed on thetr behttlf by: The DOte% (sn pablts 9 10 14 forrn part of ihege financial sldiemenls. St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2024 Ae¢ounting Polldes The principal aceoutttiog policies, which have been applied consistently in ibe current and pre£¢ding year in dealing iiettjs which 3r¢ con5id¢r¢d rnal¢rial to the accouttts, are sel out below. B8515 of preparation of llnAnc&al st*tenttDts The financial statements have been prepared in ac¢wdance with th¢ Statement of R￿ornMended Practice.. Acc4)unting attd RwrtlDg by Charities preparing Ihtir accounts in ac￿rdanCe with the Financial Reporting Standard appli¢abl¢ in the UK and the Republic of Ir¢land IFRS 1021 issued on 16 July 2014, the Charities and TTu&lees Investmenl (Scotlandl Act 21105 and th¢ Chaniies Accounis (Scoilandl k¢gulations 2006 las amended). Th¢ Charity collstitstes a publi¢ benefit entity as d¢fin¢d by FRS 102. The ttusiees CL)nsiderthal theT¢ gre no material uncenainties about the Charity's ability to cotjtinue as a going Concem. Fulld$ *¢¢ounting Funds arc ¢lassJfitd as either restricted OT UDre%trict¢d fund5, defined as follows.. Unresiricted fvttds are expelldable &t the discretion of the IrusitC8 It] fiLrthcratt¢e of the obJ¢cts of the charity. If part5 of the unr&strid¢d fi￿d8 are earmarked at Ibe discTetion of the trustees for a particular PU￿￿$¢, they are desi￿ared as a scparate fulld. This designation ba5 administrattve purpost only and does ttoi legally restrict the tTUS't£e5' discretion to apply the fuJ]d. Restricted fvnds are fLmds subject to specific Tequirern¢nts as to their use which may b¢ declar¢d by th¢ donor OT With their authorily or treated through le￿1 processcs, but still within the wideT objects of the c1￿[ity. Endowment funds are funds that have ￿en QD the condition that the original capital sum is not reduc>J. but ihe income thetefrotn is used forthe purpose der￿ed in accordance with th¢ objects of th¢ chatity. InrOll￿ng resources Incom¢ is reco￿lS¢d when the charity has entitlem¢nl to th¢ fiJnd4 any perfomiance conditions attached lo th¢ itemlsl of income have been TnEt, it Is probabl¢ that the ijjcome will be r*eiv£d and the amount can be m&isured Teliably. DollAttd ￿rvIceS gnd facllitie5 Donated PTofe5sional seryic¢s and donated facilities a￿ r￿￿#￿ISed as inco]ne when the ¢h3tity ha5 Cotitrol over th¢ iterll, any conth"IiOll8 associated with the dollated item hav¢ b¢¢n m¢1, the receipi of e£ottomi¢ benefit from tbe usc by ihe charily of the item is probable and that ¢conomic benefit Eall bB rneasuted tEliably. In accord3Dce with the Charities SOkP IF"RS1021 th¢ geoerai volunieer time of congregation m¢tnbers is not reCO￿lS￿. On receipt. donated profe%sional scrvices and donat¢d facilities arc recogni￿ed on the basis of the value of the gift lo the charity which Is the amount the charity would have been willing 10 pay to obrain services ur facilities of 4uivaleni economic benefit o the open market. a corresponding a]nount is th¢n rccognis¢d as expenditure in the periijd ofreceipt. Interwt receivable Intere$t on funds h¢ld on d¢posii is itt¢luded when rec¢ivable and the arui)urLt can be measuTed teliably by the ¢h3Tity' thLS i5 nornially upon noiifjcation of the interest paid or payable by the Bank. St Aidan's Scottish Episcopal Church Notes to the Fingnci41 Statements for the )'e4r ended 30 September 2024 At¢•utttlDg Poll¢les (conthl￿ed) Flitd Atsets The charit> chtth. halls and [￿tory. vested ill a s¢parate body of In￿1¢¢$. NLTr Lollsid¢rauoll is payable £or the of th&* aèb& Exp¢ndJture rncurrcd on r¢pair a]Jd maintenan¢¢ of ihese &%%ct5 15 charged as Tcsources cApcndcd In thc Siatcment of Pinancial AaiYiti¢s iii tliepei'iod iij whidi liabilily atib IDve5tments Filed assa I￿￿5￿￿entS 4Te Stil￿ ai mat*et valut at the balance %hL*t dat¢. UnMlisExl logses tepregent th¢ dTrffersK¢ b¢ts¥ecn tht market valiie a the beginning and end of Ihe financial year or. if purLPasLMJ in (he year, the diffeTence ￿tweeth LOSL dnd TnJTk¢L valu¢ at the end of the year. Realis&l ga￿5 and I0￿S represeni thc difftrencc between th¢ pr￿￿d5 oo disposal ottd the market ￿tlue ai the slarl af th¢ vedr ur¢v41 1fpunh￿Se(I in Ihc year. Taxatlfill StAJdan's Cbutch is reco￿]￿ed as a charily fi)r th¢ purp￿4 ofappliiyblc iaxuli()n l¢¥i.%laliiJn and is Ih¢r¢fi>re ni)i hubj¥LI tv iaxaliot) OM ITS tharitsbl¢ activities. The¢hariry ts ttot regiSt¢￿d for VAT and rt50urc¢5 ￿pffld¢d th¢￿fore inGludF Irr￿0￿.¢r4bje inpui VAT. Leg￿ stAtus of the tbarlry 'I'he ch*iiy is a registsr¢d Scottish charity. Trll8tÈt remyD¢r4txon and rtlaled p*rty transaEtiOll5 I￿.InT{￿ the ;'cr l *]stet 120?3.. 11 received ￿1MbUrSemell1 of expensEs to(￿11￿% £2,242 12023.. £1.3591. The ReEtor, Tcnun¢rdt￿ll of L32,39112023.. 12gi.83YI dunngthe year Pension contributiorts of £10,430 {21)23.. £9.607) werr madc to the SEC PL7]¥ion Fund In r(5￿￿1 uf thc R¢¢ior durin¥ th¢ Y￿r. The gave donatioTJS in total Df £4,44012O23.. £4,023110 the charity during the ythr. No rtStti¢tiotts itnpostyj on these dollations. Ttusrtes were ¢Dotled ￿ tnake offerings ai ehutclL serviceg, hDwever reco￿￿. havenot been kept of ony 5Uth offerin&ts ]n#de. Valujhteery In wilh all ￿ngrega110n5 111 the Scottish Episwpal Church the ri￿8r¢saI1on benefits from the ￿￿11tributIonS Inad¢ by voluntE¢fb who gii'e thcir iirn¢ and tsicnts for thc bencfii of lh¢ Church. Thc &reas of cOn￿RatIonal IifL which rtly on iht conirtsution of volurtieLYg are ttuHny and varied and mu¢h of the &ctiYiry would be uttable ¢0 cimiinue wore It not tor the Comrritment shovrn. Thc l'iability of thc CODgTegatOTL will always b¢ d¢p¢ndmt ott the d¢di¥aiion of ow Ellellib￿S. both ill resulat siving alld in rundrnismg aGiivitie&. The iuuer hav¢ bcen quilt b11cc￿8fU1, biii th¢ wst ts) Ihost who E)rgant¥e and catcr for thes¢ Events is not to be undLTB51irnalcd. Imrnense amounts of tsm¢ and skill hayc becn dtyjicatrl, and thi5 15 n￿rI) apprccjakd. io St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2024 Comparatlvè Stxttmellt of Fi￿&￿tI¥l A¢tiTritles IYeAr to 30 Septejjaber 20231 Uknrtstricted FllDd5 Restrlcted Elldowmtknt Futlds Fnnd5 TotAI Fund5 Income and endowmtnts frnttk= Donations and legacies Ch8riLgbl¢ activities Olherirading athiviues Jnvesmicnts Othet income Total ittCOADt 27,040 2,046 25,300 559 7,000 62,545 27,040 2.046 25,300 559 1.690 67,235 4,690 4,690 Expenditure on: Chanthble activities Total expenditure (05,929 {65.9291 14,6901 14,690} 170.6191 170,6191 Net g3insl(108sesl on invcsllneThts Net (eApenditurelllDcome Trdmsf¢rs bettvecn filnds Net move￿ent ID f￿￿￿5 Total funds brought forward Tot*1 funds tarried forward 90 209 {3.2651 90 13,175} (3.2651 14.848 90 3,787 3,877 38 18,673 15,498 38 Unrestrlcted Funds Restricted Endowment Funds 2024 Totsl Funds 2024 Totsl Fwnds 2023 Funds 2024 2024 Ill¢om¢ fTQm donations and legA¢les Off¢rings Tax recovered on Gift Aid Other voluntary Incotne L¢gacies th)nations its kind 24,782 3,804 24,782 3,804 23,545 3,351 744 8.000 580 37.166 8.IKJO 580 3?,166 27.640 Income from eharltsble gctivities Weddittgs and fijnerals Centenary Lwich & Books Coffee momu]Bs elc 1,350 807 2,227 4,384 1,350 807 2.227 4,384 150 1,896 2,046 Income from otber trxdlng #crfiltlts Rent received 27.487 27.487 25.300 Investment in¢(kme Dividends rcceived 5A4 584 559 10. Other Incorne minis￿ Support Grartt Slip¢nd Gran Diocesan Advance Booklet Grant 7,000 .650 10.000 500 19.150 1,650 10,000 500 12.150 4,190 500 11.690 7.000 li St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2024 Unrestricted Restricted EndowTNenl Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 11 Analy$l$ of expenditurt Chwritable activities Stip¢nd Employer's NIC Pension fvnd paynents Rectoi's exp¢n5¢5 Pulpit Supply Dioc¢5an quots 30,741 1.650 32.391 29,839 10,430 2.242 390 10,430 2.242 390 9.607 1.359 4.738 Other Salary wst5 3,280 3280 Fabric repairs maintenanc¢ Council Tax Oth¢r building c4)8ts 5,565 3.061 12.451 42 5,607 3,061 12.451 2290 14,433 Adjninstration exp¢n5es Centenary Lynch Or82tt, copyright and music Other cxpenses 847 630 372 1,527 3,241 4.088 630 372 .527 1,508 436 ,383 Total 76.180 4,933 70.619 Fabric Repglrs & Maintenance Other hall m8illteDanG¢ Rectory Church 1,120 559 3.886 5,565 1,120 559 3,928 5,6U7 400 772 2,290 42 42 Tot Other building Costs Gas Ele¢trieity Ill8urance Clealling 3,883 2,764 3.595 2,209 12,451 3.883 2.764 3,595 2,209 12,451 7.254 1,910 3,073 2,196 14,433 Tot 12 Staff tosts and n￿MberS 2024 2023 Salaries 35.671 31,639 35.671 31,639 The aver#g¢ nun]berof employees durin8 the yeaT was a5 follows.. 21124 Number 2023 r4umber Clergy No wDploye¢ has ¢mploy¢e benefits in excess of £60,(KKI (2023.. tiill 12 St Aidan's Scottish Episcopal Church Notes to the Fin4ncial Statements for the year ended 30 September 2024 13 Fiied Asset IDvestmtnts 2Q24 2023 Matkel value at 30 September 2023 Acquisition5 at cost Disposals at opening tturkel value Net gal￿([￿55} on revaluaiion al 30 Swi¢mber 2024 9,013 8.804 559 9.572 209 9.013 The following investhents are held.. M&G Charifund units.. 0¢1-23 GeneTal fund ElldowDeDt fut2d 359 271 630 5.136 3,877 9,013 5,lJ7 3.878 9.015 S¢p-24 G¢n¢rdl fund Endowm¢nt fund 359 271 630 5,455 4.118 9,573 iceon3L*h sept2024.. £15.19 14 Debtors 2024 2023 Gift Aidtax refund$ due 5,051 3,￿1 5,051 3.001 All anmiunts are due within one year. 15 Credltors: *mount5 falling d￿e within one year 2024 2023 ArnO￿nts falllag due withiu oDe year Accruals Sundry Creditor PAY￿NIc 1,557 24,363 628 720 26,54¥ 2.131 16 An4ly$5$ of Net Assets Among Fund$ Unrestrict￿1 Funds Restricted Fulld$ Endoivment Funds Total FixEd A$8et IDvesttnents Current Assets Ljabilibes 5,455 33,436 126.548 12,343 4,117 9,572 40,691 26,548 23,715 7,255 7,255 13 St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2024 17. Movement Funds B&l8nce At Intoming ReS0o￿t% 01110121123 Resource5 Expended Transfer5 IDve5tmenl Balantt at Glin5 3010912024 Unr¢Jtricted Fulld5 General Fund Tot81 Unrestrietsd ￿ndS 76.621 76.621 (76,1801 76,1801 319 319 12,343 12,J43 R¢5trIcied Funds Balance at Ineoming Resources OJIIOll023 Resourtes Expended Trau5fers Investmenl Bilance at Galn5 30111912024 Endowment Funds Flower Fund for gard¢D Booklet Fund Stipend Fund Diocesan Advance Total Restricted Funds 3,877 38 240 4,117 38 51K) 1,65 10.000 12,15 (5001 (1.6501 {2,783 4.9331 7.217 11,372 3,915 240 Total 15,498 86771 181,1131 559 23,715 The various fi]nds aTe h¢ld for the following punx)ses.' UttTestrltt¢d Gth]¢ral fund- to support the work of the ChuTCh. Fund Frdllk Fox- capitsl to be retained aTLd ill¢onK to b¢ used for ￿tte[al purpos¢s. Restricted Funds Flower Fund for garden- The FloweT Fund donated £150 itt 2016-17 to pay for txpenses related to the upkeep of St Aidan's garden. B(x)klet Fund- lo be used towaTds the cost of produting the Si Aidetss lecture Booklet. Stipend Futsd- lo be used ioward5 the cost inLiease its Stipend. Diocesan Advance- Th¢ R¢clory is in the proc¢ss of kjttg sold aJJd lhepThK￿ds will revert to the Diocese to b¢ held until a llew PTOP¢rty is PL￿hased. Th¢ Diocese has advattced £IOK to cover variou5 Costs r¢gardinE th¢ removal from th¢ Rectory and ihis will be d¢4Jucted frojn th¢ ¢veniual PT(Keeds. J& Colltttions for Third Pxrties 2024 2023 Bishops L¢ni Appeal 129 129 129 129 14