CHARIry REFERENCE NUMBER
SC015905
ST. MARY MAGDALENE'S EPISCOPAL CHURCH. DUNDEE
ACCOUNTS FOR THE YEAR ENDED
31" A￿uSt 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
Cong￿gatiOnal 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 c￿st
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 {deS￿nated)
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 Re￿Ipts and Payments basis in
accordance with the Charilies & Trustee Investment (Scotland) Act 2005 arKI the
Charities ACc￿nts (ScO￿arKI} 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￿ Win1￿WS
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

ScO￿lSH 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
Te1ephoneW￿F1IZooffl
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£