Scottish Charity Number: SC012292
St Aidan’s Scottish Episcopal Church
Report and Financial Statements for the year ended 30 September 2025
St Aidan’s Scottish Episcopal Church
Report and Financial Statements for the year ended 30 September 2025
| Pages | |
|---|---|
| Reference and Administrative Information | 1 |
| Report of the Trustees | 2 - 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 14 |
St Aidan's Scottish Episcopal Church Reference and Administrative Information for the year ended 30 September 2025
Trustees
Rev. Alison Mathew Rector, Chairperson Mrs Susan Leslie, PVG and Safeguarding Mrs Rosemary Pearce, Alternate Lay Representative, elected annually Mrs Rachael Samuel, Secretary and People’s Warden Mr Gibson Morton, Lay Representative, elected annually Mrs Rona McKerrell Mr Peter Martin - Treasurer
Rector’s Warden – position vacant
Contact address:
St Aidan’s Episcopal Church Mearns Road Clarkston Glasgow G76 7ER
Scottish charity number: SC012292
Independent examiner:
William Vernall BA CA Azets Audit Services Chartered Accountants Titanium 1 King’s Inch Place Renfrew Glasgow PA4 8WF
Bankers:
Bank of Scotland 244 Ayr Road Newton Mearns Glasgow G77 6AA
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St Aidan’s Scottish Episcopal Church
Report of the Trustees for the year ended 30 September 2025
The Trustees present their annual report and financial statements for the charity for the year ended 30 September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland published on 16 July 2014.
The legal and administrative information on page one form part of this report.
Objectives and activities
St Aidan’s Scottish Episcopal Church is established exclusively for charitable purposes, primarily for the advancement of religion and to provide public benefit. The Church’s principal activity is public worship and prayer, the spiritual nurture and pastoral care of its members and others who seek its ministry and fellowship. Christian education, charitable work and fund-raising for local, national and international needs are important in the life of the congregation, as are social events and provision for local community groups of all ages and interests.
A review of our achievements and performance
Following the retirement of the Revd Canon Nicholas Taylor, Rev Alison Mathew was appointed Rector of the newly linked charges of St. Aidan’s and St. Oswald’s, King’s Park. The Bishop invited both charges to become linked as part of a new way of working which includes St. Margaret’s, Newlands, with the three charges forming St. Margaret’s Minster. The aim of the Minster is the development of a closer working relationship and the provision of support for each other in mission and Ministry.
Revd Alison was instituted on February the 12[th] 2026.
Since her appointment we have been working on the following:
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Taking the initial steps of working more closely with both St. Oswald’s & St. Margaret’s. This is very much in the early stages. Rev Alison takes services at St. Aidan’s and St. Oswald’s alternately, and other Sundays are supported by St. Margaret’s clergy and other clergy as required. Both Revd Alison and Revd Gordon Fyfe from St. Margaret’s meet regularly and joint vestry days have taken place and are planned for the future.
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We are beginning to broaden the scope of our outward facing activities – Messy Church is planned for 12[th] of September 2026 and a new outreach group Sewing Seeds, has commenced (knitting / crochet and sewing) and is attracting a number of people who are regulars at St. Aidan’s and others who have never been through the door of the church.
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Coffee mornings continue as planned at regular intervals throughout the year.
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Revd Alison is working at developing links with the Tots group who use the halls.
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Sunday School continues to meet monthly.
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The Bishop has asked us to accommodate an ordinand, Dominique Pope, on contextual placement with all three charges in the Minster. Dominique will work 20 hours a week across the charges as part of her training and will start in September 2026. The placement is for the full three years of her training.
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Pastoral care and simply getting to know the current congregation has been a key part of Alison’s role since her arrival.
The hope is that other activities, both discipleship and outreach, will gradually grow.
2
St Aidan’s Scottish Episcopal Church
Report of the Trustees for the year ended 30 September 2025
Financial Review
The total income from all sources for the year was £74,630 (2024: £88,771).
The principal source of income comes from Free Will Offerings, Open Plate donations and Gift Aid tax recoveries, which totalled £26,758. The equivalent figure for 2024 was £37,166. The income from offerings was £22,500 compared with £24,782 for 2024. The hall income was £29,306 compared with £27,487 in 2024.
Expenditure in the year was £71,398 (2024: £81,113).
Risk management
The Trustees are fully aware of the necessity to identify and take steps to mitigate so far as may be possible any risks which may face the Congregation from time to time. As at the date of this Report, the following are considered to be the principal risks which require to be monitored:
Property related risks
The Trustees continue to monitor the condition of the church buildings and the Rectory and to fulfil the recommendations of the Quinquennial Inspection.
The Trustees appreciate the diligence of the Property Convener in monitoring and addressing the property related risks.
Funding risks
The day-to-day costs of the church have been met from congregational offerings, from fundraising activities and from hall letting donations. This year income exceeded expenditure by £3,889. Nearly all of our expenditures are fixed amounts (stipend, council tax, quota, insurance) over which we have no control.
Reserves policy
The minimum desired reserves would be approximately £15,000, which represents day-to-day running expenses for about three months. General reserves at 30 September 2025 were £15,954 (2024: £12,343). The Diocese has allowed for a reserve of c£60,000 for property issues, deducted from the sale proceeds of the Rectory at 8 Golf Road. A new Rectory was purchased in conjunction with St Oswalds at a lower cost.
3
St Aidan’s Scottish Episcopal Church
Report of the Trustees for the year ended 30 September 2025
Structure, governance and management
St Aidan’s Scottish Episcopal Church is a registered Scottish charity (SC012292). It is part of the Episcopal Diocese of Glasgow & Galloway of the Scottish Episcopal Church, and is governed by the Vestry.
Governing Document
The Church is administered in accordance with the Constitution.
Recruitment and Appointment of Trustees
The members of the Vestry are the charity trustees.
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 appointment of the Rector’s Warden is in the gift of the Rector. The People’s Warden is elected annually by the Congregation. The Vestry appoints the Secretary, Treasurer and Free Will Offering Convener.
In addition to the Rector, the Rector’s Warden, the People’s Warden, the Lay Representative and the Alternate Lay Representative, the constitution provides for the election by the congregation of six constituent voting members. Vestry members are elected for three years at the Annual General Meeting of the congregation, established by constitution and under the Canons of the Scottish Episcopal Church.
Organisational Structure
The temporal affairs and the general management and control of St Aidan’s Scottish Episcopal Church is under the management of the Vestry, which has responsibility to keep the fabric and properties of the Church in good order and to look after the finances in a proper and corporately established manner.
Trustees’ responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to 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 preparing these financial statements, the members are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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St Aidan's Scottish Episcopal Church Report of the Trusts for the year ended 30 September 2025 Trustees, resnSibIlitieS in relxtioD to the fiD*ne1 stst¢ftnetyts (¢oDt'd) The trustees are reSnSIble for keeping proper accounting recoTds that disclose with reasonable accuracy at any time the financlal wsition of the charity and which enable them to ensure that the fiTwicial statements comply with the Cbarities and Tr Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 21X)6 (&s amerKI). and provisio8 of the charities constitution. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other itregularities. The trttees are Tesponsible for the rnaint and integrity of the clwity and financial inforniation included in the chartty's website. Legislation in the United Kingdom governing the eparation and dissemtnation of financial statements may differ from lewlation ill other jurisdi¢tions. Approved by the $te¢S and signed on their behalf by. P Martin Treasur ckn
St Aidan's Scottish Episcopal Church
Report of the Independent Examiner to the Members of St Aidan’s Scottish Episcopal Church for the year ended 30 September 2025
I report on the accounts of the charity for the year ended 30 September 2025 which are set out on pages 7 to 14.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity’s 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 accounts as required under section 44(1) (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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:-
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
William Vernall BA CA The Institute of Chartered Accountants of Scotland
Azets Audit Services Chartered Accountants Titanium 1 King’s Inch Place Renfrew Glasgow PA4 8WF
Date: 2/9/26
6
St Aidan's Scottish Episcopal Church Statement of Financial Activities
Year ended 30 September 2025
| Note Income and endowments from: Donations and legacies 6 Charitable activities 7 Other trading activities 8 Investments 9 Other income 10 Total income Expenditure on: 11 Charitable activities Total expenditure Net gains/(losses) on investments 13 Net (expenditure)/income Transfers between funds Net movement in funds Total Funds brought forward Total funds carried forward |
Unrestricted Funds 2025 £ 26,758 2,087 29,306 586 15,893 74,630 71,398 71,398 379 3,611 - 3,611 12,343 15,954 |
Restricted Funds 2025 £ - - - - - 7,255 7,255 |
Endowment Funds 2025 £ - - 278 278 - 278 4,117 4,395 |
Total Funds 2025 £ 26,758 2,087 29,306 586 15,893 74,630 71,398 71,398 657 3,889 - 3,889 23,715 27,604 |
Total Funds 2024 £ 37,166 4,384 27,487 584 19,150 88,771 81,113 81,113 559 8,217 - 8,217 15,498 23,715 |
|---|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 14 form part of these financial statements.
7
St Aidan's Scottish E isco al Church Balance Sheet as at 30 September 2025 2025 Fsxed assets: Irtvestments Totsl Flxed Assets 13 10229 10229 9.572 9A72 Cnrr¢D¢ asset&. DebtQTS Cash at battk artd in hal Totsl Current Asyts 14 8.653 11.569 20222 5.051 35.640 40ffj91 ii#bilitie$ Creditors filling thie wÉthi"n one 15 1847 26.548 Net Current A88 17J75 1{143 27ffj04 23,715 Tbe funds of tht ¢b*rlty EndoThrnent fuTr¢ts R¢stricted income fithds Unrestrtctrd fi]Dds 17 17 17 4395 7255 15954 4.117 7.255 12.343 27 23.715 Approved by the Th¢¢ P Martin not&5 on pagts 9 to 14 form p8rt ofthe5e fiDaDcial si#ternts.
St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2025
1. Accounting Policies
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.
Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The Charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Funds accounting
Funds are classified as either restricted or unrestricted funds, defined as follows:
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
Endowment funds are funds that have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accordance with the objects of the charity.
Incoming resources
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
9
St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2025
1. Accounting Policies (continued)
Fixed Assets
The charity church, halls and rectory, vested in a separate body of trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.
Taxation
St Aidan's Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
2. Legal status of the charity
The charity is a registered Scottish charity.
3. Trustee remuneration and related party transactions
During the year 1 trustee (2024: 1) received reimbursement of expenses totalling £1,577 (2024: £2,242). The Rector, Rev Dr Nicholas H Taylor, received remuneration of £33,986 (2024: £32,391) during the year.
Pension contributions of £8,316 (2024: £10,430) were made to the SEC Pension Fund in respect of the Rector during the year.
The trustees gave donations in total of £4,020 (2024: £4,440) to the charity during the year. No restrictions were imposed on these donations.
Trustees were entitled to make offerings at church services, however records have not been kept of any such cash offerings made.
4. Volunteers
In common with all congregations in the Scottish Episcopal Church the congregation benefits from the contributions made by volunteers who give their time and talents for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
The viability of the congregation will always be dependent on the dedication of our members, both in regular giving and in fundraising activities. The latter have been quite successful, but the cost to those who organise and cater for these events is not to be underestimated. Immense amounts of time and skill have been dedicated, and this is much appreciated.
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St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2025
5. Comparative Statement of Financial Activities (Year to 30 September 2024)
| Unrestricted Funds Income and endowments from: £ Donations and legacies 37,166 Charitable activities 4,384 Other trading activities 27,487 Investments 584 Other income 7,000 Total income 76,621 Expenditure on: Charitable activities 76,180 Total expenditure 76,180 Net gains/(losses) on investments 319 Net (expenditure)/income 760 Transfers between funds - Net movement in funds 760 Total funds brought forward 11,583 Total funds carried forward 12,343 Unrestricted Funds 2025 £ 6. Income from donations and legacies Offerings 22,500 Tax recovered on Gift Aid 3,602 Other voluntary income 656 Legacies - Donations in kind - 26,758 7. Income from charitable activities Weddings and funerals - Centenary Lunch & Books - Coffee mornings etc 2,087 2,087 8. Income from other trading activities Rent received 29,306 9. Investment income Dividends received 586 10. Other Income Ministry Support Grant 2,564 Stipend Grants - Diocesan Advance - Booklet Grant - Insurance claim 13,237 Other 92 15,893 |
Restricted Funds £ - - - - 12,150 12,150 4,933 4,933 7,217 - 7,217 38 7,255 Restricted Funds 2025 £ - - - - - - - - - - - - - - - - - - - |
Endowment Funds £ - - - - - - - - 240 240 - 240 3,877 4,117 Endowment Funds 2025 £ - - - - - - - - - - - - - - - - - - - |
Total Funds £ 37,166 4,384 27,487 584 19,150 88,771 81,113 81,113 559 8,217 - 8,217 15,498 23,715 Total Funds 2025 £ 22,500 3,602 656 - - 26,758 - - 2,087 2,087 29,306 586 2,564 - - - 13,237 92 15,893 |
Total Funds 2024 £ 24,782 3,804 - 8,000 580 37,166 1,350 807 2,227 4,384 27,487 584 7,000 1,650 10,000 500 - - 19,150 |
|---|---|---|---|---|
11
St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2025
| Unrestricted Funds 2025 £ 11 Analysis of expenditure Charitable activities Stipend 33,986 Pension fund payments 8,316 Rector's expenses 2,927 Pulpit supply 184 Diocesan quota - Other salary costs 3,130 Fabric repairs and maintenance 2,357 Council tax 4,416 Other building costs 12,859 Adminstration expenses 402 Centenary Lunch - Organ, copyright and music 320 Other expenses 2,501 Total 71,398 |
Restricted Endowment Funds Funds 2025 2025 £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total 2025 £ 33,986 8,316 2,927 184 - 3,130 2,357 4,416 12,859 402 - 320 2,501 71,398 |
Total 2024 £ |
|---|---|---|---|
| 32,391 10,430 2,242 390 4,644 3,280 5,607 3,061 12,451 4,088 630 372 1,527 |
|||
| 81,113 |
| 12 Staff costs and numbers Salaries The average number of employees during the year was as follows: Clergy |
2025 £ 37,116 37,116 2025 Number 1 1 |
2024 £ 35,671 35,671 2024 Number 1 1 |
|---|---|---|
No employee has employee benefits in excess of £60,000 (2024: nil)
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St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2025
13 Fixed Asset Investments
| Market value at 30 September 2024 Acquisitions at cost Disposals at opening market value Net gain/(loss) on revaluation at 30 September 2025 The following investments are held: M&G Charifund units: Oct-24 General fund Endowment fund Sep-25 General fund Endowment fund Price on 30th Sept 2025: £16.23 14 Debtors Gift Aid tax refunds due All amounts are due within one year. 15 Creditors: amounts falling due within one year Amounts falling due within one year Accruals Sundry Creditor PAYE/NIC 16 Analysis of Net Assets Among Funds Fixed Asset Investments Current Assets Liabilities |
Unrestricted Funds £ 5,834 12,967 (2,847) 15,954 |
359 271 630 359 271 630 Restricted Funds £ - 7,255 - 7,255 |
2025 £ 9,572 - - 657 10,229 5,454 4,118 9,572 5,832 4,397 10,229 2025 £ 8,653 8,653 2025 £ 2,189 - 659 2,848 Endowment Funds £ 4,395 - - 4,395 |
2024 £ 9,013 - - 559 9,572 2024 £ 5,051 5,051 2024 £ 1,557 24,363 628 26,548 Total £ 10,229 20,222 (2,847) 27,604 |
|---|---|---|---|---|
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St Aidan's Scottish Episcopal Church Notes to the Financial Statements for the year ended 30 September 2025
17. Movement in Funds
| Unrestricted Funds General Fund Total Unrestricted Funds Restricted Funds Endowment Funds Flower Fund for garden Diocesan Advance Total Restricted Funds Total Funds |
Balance at Incoming Resources Investment Balance at 01/10/2024 Resources Expended Transfers Gains 30/09/2025 £ £ £ £ £ £ 12,343 74,630 (71,398) - 379 15,954 12,343 74,630 (71,398) - 379 15,954 Balance at Incoming Resources Investment Balance at 01/10/2024 Resources Expended Transfers Gains 30/09/2025 £ £ £ £ £ £ 4,117 - - - 278 4,395 38 - - - - 38 7,217 - - - - 7,217 11,372 - - - 278 11,650 23,715 74,630 (71,398) - 657 27,604 |
|---|---|
The various funds are held for the following purposes:
Unrestricted Funds
General fund - to support the work of the Church.
Endowment Fund
Frank Fox - capital to be retained and income to be used for general purposes.
Restricted Funds
Flower Fund for garden - The Flower Fund donated £150 in 2016-17 to pay for expenses related to the upkeep of St Aidan's garden.
Diocesan Advance - The Rectory is in the process of being sold and the proceeds will revert to the Diocese to be held until a new property is purchased. The Diocese has advanced £10K to cover various costs regarding the removal from the Rectory and this will be deducted from the eventual proceeds.
18. Collections for Third Parties
| Bishops Lent Appeal | 2025 £ 50 50 |
2024 £ 129 129 |
|---|---|---|
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