Charity Reference: SCO 1362S scorrisH EPISCOPAL CHURCH DIOCESE OF MORAY ROSS AND CAITHNESS SAINT NINIAN'S CHURCH, INVERGORDON REPORT OF THE VESTRY AND ACCOUNTS YEAR ENDED 30 SEPTEMBER 2025 Inland Revenue Reference: CR41998
SAINT NINIAN'S CHURCH. INVERGORDON REPORT OF THE VESTRY AND ACCOUNTS YEAR ENDED 30 SEPTEMBER 2025 Contsnts Pago Referen and Administration Infomiation Trustees Report 3to5 Independent Examinerfs Report staternent of Financial Activities Balan Sheet Notes to the Accounts - PolicwJ 9t010 Notes to the Accounts - General 11to12 Page 1
SAINT NINIAN'S CHURCH. 114VERGORDON REPORT OF THE VESTRY AND ACCOUNTS YEAR ENDED 30 SEPTEPABER 2025 Refor•nce and Administration InforntiOn Charity Name and Addre88: st Ninian's Episcopal Church Saltbum Road Invergordon IV18 OHH Charity Reference: SCO 13625 Charity Tru8te•8: Nomia Wilford Julia Raban-williams Helen Banner Rosie 8elben Timothy D Q Thackray Secretary and Altemative Lay Representative Lay Representative Other 0ffl¢orn Rev Julia Boothby Robin Naim Regional Missioner for Ross-shire Treasurer 8ank•rn Royal Bank of Scotland 53 Hh Street Alness IV17 OSH Independent Examlner Donald Harvey 121 Overton Avenue Invemess IV3 8RR Sollcltof MaC0d & Ma¢Callum 28 Queensgate Invemess IV11DJ Page 2
SAINT NINIAN'S CHURCH. INVERGORDON TRUSTEES REPORT YEAR ENDED 30 SEPTEMBER 2025 As the Charty Trustees of Saint Ninian's Episcopal Church, Invergordon, the Vestry presents its report and accounts for the year ended 30 September 2025. These accounts have been prepared in accordan with the Statement of Recommended Practice.. Accounting and Reporting by Charrties (March 2005). Managemènt and Control The church of St Ninian's Invergordon is a church of the Scotttsh Episcopal Church, in full communion with the Anglican Church. The present Constitution of the Church was approved in January 2012. It is available for inspection if required. For the purpose of Charities Law, the members of the vestry are the Charty Trustees of the Church. The Bishop of Moray Ross and Caithness has pastoral oversight of all the congregations within the diocese, and all congregations are subject to Canon Law of the S¢ttl8h Episcopal Church. The members of the vesty retire in rotstion arKI are elected at the Annual General Meeting. The Vestry appoints the Vestry Secrelary and Treasurer. The Vesty and the Bishop of the Diocese appoint the Priest in Charge. All Vestry Members are able lo obtain a copy of the 'GUIdan for Charity Trustees" issued by the Office of the Scottish Chaty Regulator. New Vestry members have induction training on their role as a Trustee. The Vestry reviews regularly the maior risks to which the Church is exposed and systems and procedures have been estsblished to manage those risks. ObJoctlve8 and Actlvltles The objectives of the Vestry are to advance the mission of the Christian Church, through worship, servi, and fellowship. These objectives are carried out through mission and pastoral activiti'es. The principal activities of the Church are public worship and spiritual development of its members. Donations are made regularly to charitable causes that provide benefits to disadvantaged individuals and communities in Scouand, the rest of the United Kingdom and overseas. In carrying out these objectives the Vestry depends on the contribution. both human and material, of many volunteers from the congregation. Activrties include contributs'ons to the preparirvJ, p8tb'cipating and contributing to the worship. Page 3
SAINT NINIAN'S CHURCH, INVERGORDON REPORT OF THE VESTRY YEAR ENDED 30 SEPTEMBER 2025 Revi•w of the Yèar The vestry wtth the help of Rev John Cuihbert and Rev Julia Boothby under the direction of Bishop Mark Strange have been reviewing the administrative structure of the church across Ro&8-shire. These plans are yet to fomially adopted. In December 2025 the vestry and congregation approved the part purchase of a new reclory with the Diocese for Rev Julia Boothby. The maximum investrnent was agreed at £100,000. This purchase will be funded by part sale of the SEC Unit Trusts. This purchase has not yet been made The Vestry and the Bishop have agreed to use the 'distribution" made on the SEC Unit Trust Units that we own to fund the operating costs of church and not to reinvest the funds in further SEC Unit Trusts. The distribution was £5,873 (2024 - £5,310. St Ninian's made a surplus of £1,571 {2024- Deficit- £16,650) on ordinary activtties. Restrictive resetve relates to Tea, Tales and Treats making a deficit of £46 in the year. The SEC Inveslments are shown at valuation within the financial statements 2025 - £199,944 (2024 - £180,960). Reserv• Policy St Ninian's sold its Rectory in 2001. The net proceeds of the sale have been invested in SEC Unit Trust Units. The proceeds together wrth the associated interest have been transferred to a specific desgnated reserve for future projects. The Vestry of St Ninian's can only spend these funds after approval at a General Meeting of St Ninian's congregation and by the approval of the Di0san Trustees. The Vestry also regularly reviews its general reserves to ensure that suffi¢i&nt funds are in place to meet its commitments over the short and medium term. Invtment Pollcy The Vesty also keeps medium temi funds in certain Banks and Building Societies. Associated 8odi08 St Ninian's makes payment to the Dioc&8e of Moray Ross & Caithness as contribution to pay for costs incurred by the Diocese and the Province of Scottish Episcopal Church. There are no material Iransactions with any other connected or associated body. Page 4
SAINT NINIAN'S CHURCH. INVERGORDON REPORT OF THE VESTRY YEAR ENDED 30 SEPTEMBER 2025 Statement of R•8ponsibilitiO8 of Membern of tha Vestry Charities Law requires the persons Conrned in the management or control of every recognised body to prepare accounts for each financial year, which show its results for that period. In preparing those financial statements the members of the Vestry are required to: Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and pwdent. Prepare the accounts on a going concem basis unless it is appropriate to presume that the Church will not continue in operation. The members of the Vesty are responsible for keeping proper accounkn'ng records. which disclose with reasonable accuracy at any time the financial position of the Church and to enable them to ensure that the financial ststements comply with the relevant legislation. The members of the Vestry are also responsible for safeguarding the assets of the church and hen for taking responsible steps for the prevention and detection of fraud and other irregularities. In Concluslon In conclusion, the Vesty wishes to thank all members of the Congregation who help in so many different ways in carying out the work of the Church, without whorn nothing would be possible. By Ordèr of the Vestry Julia Raban-williams 25 March 2026 Page 5
INDEPENDENT EXAMINER'S REPORT TO THE VESTRY OF SAINT NINIAN'S CHURCH. INVERGORDON I report on the accounts of the charity for the year endal 30 September 2025 which are set out on pages 7 to 12. Respective rnsponsibilities of trusteas and •xaminor The charity's trustees a responsible for the preparalion of the accounts in accordance with the terms of the Charittes and Trustee Investrnent (Scotland) Act 2005 and the Chartties Accounts (Scotland) Regulations 20(. The charty trustees consider thal the audTt requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibilrty to examine the accounls as required under section 44{1) {c) of the Act and to state whether parts'cular matters have come to my attenlion. Basls of Independent examinorf• $tst•ment My examinalion 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 conceming any such matters. The procedures undertaken do not provide all the evidence that woukl be required in an audit. and consequently I do not express an audlt opinion on the view given by the accounts. Independent examlnerfs 8tatem•nt In the course of my examination. no matter has )me to my attention.. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance wth Section 44(1 }(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which acrd with the accounting records and comply with Regulation 8 of the 20[ Accounts Regulats'ons, have not been met, o-, 2. to which, in my opinion, attention shoukl be drawn in order to enable a proper understanding of the accounts to be reached. Donald Harvey CA 121 Overton Avenue Invemess IV3 8RR 25 March 2026 Page 6
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St Mlnlan* E0paI Church 1Thrg0rd A• ot 30 S•ber 2025 2025 2023 Long T•rni Inve8lmonts Investments 12 199.944 180,960 Current A8$0ts Debtors Cash at bank 13 14 3.951 10.518 14,469 7,397 12,947 Totsl A••ots 214,413 193,W7 R•prnMnt•d by Unmtrfctod R•Mr De8ign&t8d Re8ervg RestrKted Rèsepio General Fund 199,944 415 14,054 180, 12,483 214,413 193, These ac£tyJnts Wfj 4ppro¥ed by tho Vesty on the 25 Math 2025. a1 4ignod Iheir ts811 Jull• RAb•n-Wllll•m• S•¢r•tsry Robln V N•lm Trna•ur•r Tho n1 on pgg88 9 10 13 fomi part ofthos6 a¢u18
SAINT NINIAN'S CHURCH, INVERGORDON NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 Accounting Polici08 Basis of preparation of tho Flnancial Stat•ments The financial ststements have been prepared under the histOriC81 cost convention with investrnerrts shown at their current valuation and are in accordan with the applicable accounting standards, the Charities Accounts (Scotland) Regulations 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice (SORP) issued in 2005. Nots 2 explains the general purpose of St Ninian's Church funds. b) Congr•gational glvlng, donations, l•gaclo• and 8lm51ar Income Congregational gNing is accounted for when it is received. Donations, legacies and similar income are accounted for when St Ninian's becomes entrtW to the income and a reliable estimate of the amount to be received can be made. Grft Aid tax recoverable is accounted for at the kn'me when the associated income is reived. Dlsposal of Inveslments Realised profits and losses on investrnents are recognised on the date of disposal and a included in the Notes to the Ststement of Financial Affairs. d) Governance Costs Govemance costs relale to those costs rE(Sary to provide the govemance infrastructure which allows St Ninian's to operate and lo generate the information required for public accountabilty. Page 9
SAINT NINIAN'S CHURCH, INVERGORDON NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 Apportionment ol Support Costs Resources expended are shown in the statement of Financial Activtties categorised by charitable activty and govemance costs in accordan with the requirements of the Statement of Recommended Practice. Certain costs and grants awarded are capable of direct attribution lo the categories,. however other costs are attributed to more than one calegory. These costs have been apportioned based on time and resou$ allocated to them. Fund8 Unrestricted funds are available for use at the Vestry's discretion of the Church's objectives; restricted funds are those given for specffic purposes. Designated funds are unrestricted funds that have been allocated for specific purpose by the Vestry. St Ninian's has two Funds Unrestrlctsd Fund8 Genoral Fund Fund8 held for the general work of the church. Deslgnatsd Fund These funds derive from the sale of the Rectory in 2001. The Vestry of St Ninian's can only spend these funds after approval at a Generdl Meeting of St Ninian's congregation and approval of the Diocesan Trustees. Restricted Fund8 St Ninian's has no restricted funds expt for Tea. Tales and Treats where money is raised specifically for this activty Page 10
3 COngr•9•nI1 Wvlng 2024 Covth)anted Tax 13.986 2.921 16,7 13292 3,076 16.368 16.frJ7 16,368 4 In¥o•tThnt• SEC In¥•thi¢rt• Bank Int•rnl 5.873 287 8.160 5,310 179 5.489 • Grnrt¥ Trc•lv•d Stair tbuglos Tru 150 7 Clwgy C••l# sti •nd naib)Ml InBinrit SEC p8n•bn fvJrKI 413 No•. Nml)ef olenyty•• th8 war th8n thom IwJrr¢d on thdlofth& Crth. Th Pthl ilh Chwge li ex • memberollhevttby and a c %4ilh •cth d•terri byG SyK#J oftr% Scott¢h EFttcwI chch. g Pfo¥lncLql & tloc•w lau¢a 2025 2024 si•nd8rd Qk Mluion Quola 8.244 9.459 16,929 18,495 10 Go¥•nnc• Go¥omancocc Pw11
11 Spo¢ld Coll•¢t 2025 2W24 2024 Atthrtofth8yw Sth olunts IrKTr4881 Id8cr••MI InbYsbnorf1 S.932 89093 1.900 178,634 121.3lY]I 18,984 Ai8TrJ ofthe >••r 199,9M 1eAI.960 202312024 2023 Vakn• Va At itlrt of s•ir S6 olur41• Iwael Idocrn•gel ol IFMsts 6.748 1022S9 (81e> {12, 178.634 121.SiX)I 23.826 174.4 18,¢XXII 9204 Al eThJ oftho 178,634 T•¥ 3.951 At bart 10,m 245 10.518 7,397 7.397 16 COMMknIrt• 12