CHARIry REFERENCE NUMBER SC015905 ST. MARY MAGDALENE'S EPISCOPAL CHURCH. DUNDEE ACCOUNTS FOR THE YEAR ENDED 31" AuSt 2025
SCOThISH EPISCOPAL CHURCH- DIOCESE OF BRECHIN ST MARY MAGDALENE'S CHURCH- t)UNDEE INCOME AND EXPENDITURE ACCOUNT- YEAR ENDED 31 AUGUST 2025 2025 2024 INCOME ConggatiOnal and vduntary Investment 51,708 16,991 80.471 15,223 10,000 1.240 2.130 69,939 107.824 Other Income Property mvenue EXPENDITUE Provincial & Diocesan quola Clergy cst Property expenses Church expenses 9.965 23,317 24.946 12.065 5.184 11.172 49.005 53.235 11.980 4.484 Purchase of investments 10 75.477 129.876 SURPLUSI (DEFICIT) FOR YEAR (5,538) (22.0521
SCOTTISH EPISCOPAL CHURCH- DIOCESE OF BRECHIN ST MARY MAGDALENE'S CHURCH- DUNDEE BALANCE SHEET- 31 AUGUST 2025 2025 2024 INVESTMENTS At cost Reclory {deSnated) St MM (unrestricted. gifted) Falconer Trust (unrnstrlcted. grfted) 301.503 301.503 301,503 301,503 CURRENT ASSErs Curyent acc4)unt Prop8rtylfundTaising accajnt Curats account 12 2.750 171 51 7,688 771 51 NEf CURRENT ASSETS 2.972 8,510 NEf ASSErs 304.475 310,013 Representlng: FUNDS AND RESERVES Unrestricted General Designat&J Redory Designated Curate 2.921 8.459 301,503 301,503 51 51 304,475 310.013 (Signed) (Signed) Secretsry Dated zs/ii
SCOTTISH EPISCOPAL CHURCH - DIOCESE OF BRECHIN ST MARY MAGDALENE'S CHURCH- DUNDEE NOTES ON ACCOUNTS- 31 AUGUST 2025 1. ACCOUNTING POUCIES a) Investments held benefjcially are stated at cosL Endowmént investments granting rKJhts to income cmty. are ex from Ihe balance sheeL b) These accounts have be wepared on the ReIpts and Payments basis in accordance with the Charilies & Trustee Investment (Scotland) Act 2005 arKI the Charities ACcnts (ScOarKI} Regulations 21J)6 (as amend8dl. cl Unrestricted fvnds are dNided into general funds and designated funds, use of th8 latter being govemed by the Vesty. Réstricted fvnds arn funds subpct to specific coTrJitions imposed by the donor or related trust. 2. CONGREGATIONAL AND VOLUNTARY INCOME 2025 2024 General cotfeciions Free will offerings Gift Aid Donations -general Donations- Day of Grviry Donations- memori Win1WS FundraisiThJ GrydntS-SEC Trylets Grants- Dkx8se Dunderdale Grants-Diocese stipend Support Grants- Diocese Deans Allowan Share of Ministy Costs- St Margarets Lewies 1.621 26.209 9.402 1.103 3.945 366 2.401 2,074 27,738 7,730 3.132 4,660 9.305 2.930 4.628 3.900 1,048 8,076 2.250 3.000 191 1.470 5.000 51.708 80.471
SCOTTISH EPISCOPAL CHURCH - DIOCESE OF BRECHIN ST MARY MAGDALENE'S CHURCH - DUNDEE NOTES ON ACCOUNTS - 31 AUGUST 2025 3. INVESTMENT INCOME 2025 2024 Bank Int8rest SEC Urmt Twst Pool SIMM Falconer Trust Rectory Fund 1,089 4.023 11,879 16.991 957 3,827 10,439 15,223 4. OTHER INCOME Proceeds from inv8Stm8nts 10,000 10.000 5. PROPERTY REVENUE Hall letting 1,240 2,130 1,240 2,130 6. CLERGY COSTS Clérgy Stipend Clergy Penson Clergy HousirwJ Travel & Other Expenses 15.493 3,657 4.167 32,024 9,481 7,500 23,317 49.005
ScOlSH EPISCOPAL CHURCH- DIOCESE OF BRECHIN ST MARY MAGDALENE'S CHURCH - DUNDEE NOTES ON ACCOUNTS- 31 AUGUST 2025 7. PROPERry EXPENSES 2025 2024 Church - Insuran( Church - Repairs & Maintenance 98neral Church - Mwnorial window Church - new tjoiler Church toilet refurbishmènt Heat and ht 5.437 5,498 20.773 2.513 11.211 7.803 3.515 14.862 24,946 53.235 8. CHURCH EXPENSES Muslcal expenses Organ tuning Flowers Altar expenses 10.781 468 10.833 444 45 730 658 12.065 11.980 9. ADMINISTRATIVE COSTS Printing and stationery Te1ephoneWF1IZooffl MIsc8llaneous 731 1.660 430 802 1,445 147 482 1.682 1.777 400 112 Cleaning suppliès and deanors Bank charges CatwThJ 5,184 4.484
SCOThISH EPISCOPAL CHURCH - DIOCESE OF BRECHIN ST MARY MAGDALENE'S CHURCH- DUNDEE NOTES ON ACCOUNTS- 31 AUGUST 2025 10. Purchase of Investments 2025 2024 SEC unil Irust 11. Invgstrnents All n SEC Unit Trust 2025 2024 Mkt Value 2025 Cost 2024 Cost Value St Mary Magdalene's 1.100 uni13 Falconer Trust 4.064 unts Rectory Fund 11,999 unlts 35.985 32,684 132.873 120,752 392,309 356,523 301,503 301,503 561,147 509,959 301,503 301,503 12. Bank Balanc8S 2025 2024 Current account Propety account Curatè account 2.750 171 51 7,688 771 51 2,972 8.510 13. COMMITMENTS There were no major unfurmled crynnmtments at 31 August 2025 (2024- NIL).
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. MARY MAGDALENE'S EPISCOPAL CHURCH DUNDEE I report on the financlal staternents of the Charlty for the year ended 3151 August 2025. Res Ive res c>nsibllitles of trust8es arbd examlner Tho Charitys trustees are responslble for the preparatlon of the flnanclal statements in accordance with the tgrms of the Charitles and Trustee Inveslment (Scotlandl Act 2005 and the Charlties Accounts (Scotland) Regulatlons 2006. The Charlty trustees conslder that the audlt requlrement of Regulatlon 10{1110l to (cl of the Accounts Regulatlons does not apply. It Is my responsibility to •xamine the flnancial statements as requlred under sectlon 44lal{c) of the Act and to stato whether partl¢ular matters have e¢)me to my attentlon. Basls of Snde endent examlnees statement Ply examlnatlon Is carrled out In accordance wlth Regulatlon 11 of the Charltles Accounts (Scotlandl Regulatlon$ 2006. An examination Includes 8 revlew of the accountlng records kept by the Charfty and a comparison of the financial staternents presented with those records. It also Includes conslderatlon of any unusual ilems of disclosures in the financlal statements and seeks explanatlons Irom the Trustees concerning any such rnatters. The procedures undertaken do not provlde all the evldence that would be required in an audit and consequently we do not express an audlt oplnbon on the vlew given by the financial statements. Inde ndent examinerfs statement In the course of my examinatlon. no matter has come to my attention. whlch glves me r•asonable se to beliew thal in any materfal respect the requlrements: to keep accountlng records In accordance with SeetSon W1) of the 2005 Act and Re9ulatlon 4 of the 2006 Accounts Regulations, and to preparè financlal statements which accord with tho accountlng records and comply wlth Regulatlon 8 of the 2006 Accounts R¢gulalion$ have not been meL or to whlch. In my oplnlon. attention should be drawn In order to enable a prop•r understandlng of the financlal staternents to be rea¢hed. -m LI-J Alison Wllson, C.A., BK Plus Chartered Acc¢wntsnts 144 Nethergate Dundee D014EB Dale 2oL-L &oi£