2024-06-30-accounts

OSCR Scottsh Charty Regulalor www.os(r.org.uk Registered Charity SC016094 ST COLUMBA'S SCOTTISH EPISCOPAL CHURCH, NAIRN REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024

CONTENTS Page Administrative Information Report of the Vestry Members 4-5 Independent Examinels Report lo the Vestry Members Accounts Notes to the Accounts 10-11

ST COLUMBA'S SCOThISH EPISCOPAL CHURCH, NAIRN Registered as a charity in Scotland No. SC 016094 CHURCH ADDRESS: Queen Street, Nairn, IV12 4AA CHARITY TRUSTEES - Members ofthe Vestry INDEPENDENT EXAMINER Page 3

REPORT OF THE VESTRY MEMBERS YEAR ENDED 30 JUNE 2024 1. Purpose. The purpose of the charity is the advancement of religion. The charity's principal adivilies in¢lude public worship in sacrament and prayer, charitable work and fundraising for local, national and intemational needs and social meetings 2. A¢tlvlties. The year has been one of gradual improvement and adjustment as the life of Ihe congregation evolves from living with restrictions to creating a pattern of worship and lrfe which feels more 'normal' The congregation Continues to work hard at making the church a safe and friendly pla￿ for people to ¢ome lo, and technology continues to play a significant part in our worship. The pressures of the last few years have taken a toll on the congregation's finan￿$ but people have responded well to stewardship appeals and at many fund raising events. Members of the congregation have been very generous in opening their homes and gardens so that the social life of the congregation can revive and people reconneGI with one another. Over the past year the congregation has had to com& to terms with the financial impact of the pandemic. Although initially finan￿$ held up well, in the longer tem, Ihe erosion of investment income has mèant we have had to rely on stipend support. However, a new opportunity to link St. Columba's with St. Paul's in Strathnaim, with the support of a non- stipendiary curacy, has provided a degree of financial security for both congregations. Both congregations are delighted with this connection and look forward to the opportunities for working together and learning from one another that this linkage affords. 3. Income and Expenditure. During the year the donations income remained static with a slight fall in donations being compensated by an increase in the amount of gift aid received. A notable highlight was a public choral Concert held in the Nairn Community Centre to raise funds for a refurbishmenl to the hall. The net funds raised (£4,474) will go towards a new insulated ceiling. Our expenditure has remained consistent in most areas. The eX￿ptIon being an apparent decrease in the stipend contribution. (Note 6 to the accounts explains this as being due to Diocese and SEC support). The other significant change was the increase in church utilities due to a doubling of our electricity costs when our fixed rate term came up for renewal. Our current savings amount to £3,792 and it is hoped no further withdrawal will need to be made next year. The Vestry will continue to do everything possible to keep down costs and increase income. The HMRC Gift Aid reclaim for this year is in progress and this will help to swell the income for next year. Page 4

1. Reserves The level of reserves is kept under constant review at Vestry meetings and is considered to have fallen to a very concerning level at tha present time, being only just greater Ihan two months normal running ¢08t8. Efforts will continue this year to build up our financial resilienGe.
2. Investments Funding not required for d2y-to-day spending is invested in 2172 M&G Income Units.
3. Structure, governance and management al The Charty is constituted as an unincoiporaled association. It is a parish within the Elocese of Moray, Ross and Caithness, whlch Is one of Ihe seven Dioceses forming the Scottish Episcopal Church. b) The charity trustees (Vestry members} are listed on page 1. Vestry membets are elected at the Annual General Meeting (AGM). cl It is the duty of the Vestry lo manage the temporal affairs of the congregation with responsibility for keeping the fabric of the Church in good working order and to look after the finances of the Church. 7 R8lation$hip with the Diocese St Columba's is supported by the Diocese and the Pr¢￿Ince, through the pastoral oversight of the Bishop and through central support functions at diocesan level. To assist with the funding of these functions St Columba's pays an annual quota to the Diocese.
4. Acknowledgernent The Vestry wishes lo record its gratitude for the time freely given by a large number of volunteers, without whom many ofthe Church's activities would be unable to operate. Approved by the Vestry on 19 September 2024 Signed on behalf of tIE Vestry: Page 5

ST COLUMBA'S EPISCOPAL CHURCH, NAIRN FINANCIAL YEAR ENDED 30 JUNE 2024 Indopgnd•nt Examinerfs Raport to the Tru8tse8 Respactlve responslbilities of Trustees and Examiner The charity's Trustees are regponsible for the preparation of the accounts In accordance with the teThns of the Chanties and Trustee Investment (Scollandl Act 2CQ5 {Yhe 2005 Acf) and the Charitie5 Accounts (S¢otlandl Regulation$ 2006 (aB amended) (Yhe 2006 Regulatrons.) The ChurGh's Trustees consider that the audit requirem8nl of ReguLgtion 10{11{d) of the 2006 Regulations does not apply. It is my respon$ibilty to examine the accounts as required under section 44(1)(G) of the 2D05 Act and to state v¥hether partiGular matters have come 10 my attention. Ba•1$ of ind8p8ndont axamlnerfs ststement My examination 18 carried out In accordance wilh Regulalion 11 of the 2006 Regulations. An examination Includes a review of tne accounting records kept by the tharity and comparison of kne accounts presented with those records, 11 also includes ¢on5ideration of any unusual items or disclosures In the accounts, and seeks expL9nations from the trustees Concerning any such matters. The prO￿dureS undertaken do not provide all the eviden that would be required in an audit. and consequently I do not exprass an audil opinion on Ihe view given by the accounls. Independent •xamineV8 •tat•mont In Ihe couise of my examination, no matters have Come to my attentiDn'. - l. Which give me reasonable Gause to believe that, in any material r6sp6¢t, tha qulrements.. - to keep accounting records in accordance with Section 44{1) la) of 2005 Act and Regul3tion 4 of the 2006 Regulalions. and - to prepara accounts which acGord with the arKounting records and Gomdy with Regulation 9 of the 2006 Accounts Regulation have not tEen met, or 2. To which. in my opinion. attention should be drawn in order to 8nabla a prO￿r unls to be reached.

ST COLUMBA'S SCOTTISH EPISCOP￿ CHURCH, NAIRN FINA￿CIAL YEAR ENDED 30th JUNE 2024 Receipts & payn*nts account RECEIPTS 2023124 Unra8trl¢ted 2023124 Restrlcted 2023124 Totsl Note 2022123 Total Donations Collections Envelopes Standing orders Weddingslfunerals Gift Aid Donations Other 1,090 3,447 21,683 1,090 3,447 21,683 1,261 20,788 230 5.768 1,845 138 7,902 1,668 318 7,902 1,668 318 36,109 36,109 Grants VAT Refund Legacles 5,000 Receipts from fundraising actlvlties Saleslevenls Other fundraising Other sales 2,040 1,160 4,913 6,953 3.1 1.160 3.2 2,648 1.001 3,200 4,913 8,113 3,649 Investment in¢¢ Dividends and Interest 216 216 216 473 218 Re¢eipts from charltable activitles Use of hall "Bite & A Blether" Lunches bna visit Iscellaneous 3,355 3,355 2,250 6,800 6,600 1.100 9,955 9,955 SUB TOTAL RECEIPTS 49,480 4,913 $4,394 47,446 Proceeds from sale of investments 10 10,000 TOTAL RECEIPTS 4,913 54,394 57,446 Page 7

ST COLUMBA'S SCOTTISH EPISCOPAL CHURCH, NMRN FINANCIAL YENI ENDED 30th JUNE 2024 Rec•lpts & p•wMnts a¢¢ount PAYMENTS 2023124 Unr•8trlcted 2023124 Roatrlcted 2023124 Totsl Note 2022123 Total Paymnts r•latlng to charltabl• aetlvltle8 Stipend Contri￿tIOn 10,011 Quota 3.348 SEC Pension 10,238 Reclorfs expenses Locum Church Lrtllities Church & Hall insurance hurch maintenance Hall ub'lities Hall maintenan¢8 Rectory insurance R￿tory maintenance Council tax Organ costs ChLrch garden na Pilgrimage Upkeop of Services Telephone PrintirWPostwstatk)nery vertising sc Vojor rèpairs CW expenses Flowers Hall Cleaning 10,011 3,348 10,238 23,885 3,528 9,361 4,873 2,411 503 677 592 4,873 2,411 503 677 592 1,928 2.321 414 572 144 107 2,961 1,885 150 7,700 197 1.151 3,059 1.241 90 6,650 255 1,143 3,059 1,241 90 6,650 255 1,143 350 350 439 88 439 289 73 43 43 45,484 439 45,923 56,754 Exp•n8e8 for fundral8lng •¢tlYltles Other Gr•nts & donatlon• rn charlt¥blè •ctlvltl•$ Feesl SubscriptK)ns etseas MI8SICn5 s￿Ular Charities 171 171 Purchase ol A￿d￿Onal ￿G vastment Shares Paynnts ure aseo a88¥ts Gross payry*nts Totsl r•eelpts 46.268 439 46,707 56,925 46.268 49.480 439 4.913 48,707 64,394 56,925 57,446 Surplu8lldefi¢ltl for the y¥•r 3213 4.474 7687 521 Page 8

ST CCLUMBA'S SCOTTISH EPISCOPAL CHURCH, NAIRN FINANCIAL YEAR ENDED 30th JUNE 2024 STATEMENT OF BLANCES 2023124 Unrèstrlctod R8strlcted 2023124 Total 2022123 Tol Note STATEMENT OF BNLP14CES Cash & bank balan¢9$ Openiro balance * 1 ju￿ 2023 Surpluslldefi¢it) for year Closing balance at 30 Jwe 2024 {3371 3,213 2.876 2.eéo 4.474 7,134 2,323 7,fj87 1,803 520 Movements of Invèstn￿nts htsrkei value at 1 Juty 2023 Purchases Di3pD5als Uniealised gainlllossl in year Realised 9ross loss on disposal8 Orket vakje at 30 June 2024 3.514 3,514 13,614 110,000) 278 278 3,792 3,792 3.514 Total Funds Opening balanco at 1 Juw 2023 ClosirJ balanco at 30 Jlmè 2024 3.177 6.668 5.837 13.802 7134 Monotsry assets Bank of Scolarnl Cash Castri tea Less Special Colkntions to be disbursed 9,￿7 2,490 43 23 190 10.010 Bank Ststemgnt rneonclllatlon Bank Slaternent as al 30 June 2024 Boclrt Balance as at 30 JLsne 2024 9966 67 9966.67 Approved by the Vestry on Idatel and sigred on ￿1r behalf by.

ST COLUMBA'S SCOTTISH EPISCOPAL CHURCH, NAIRN FINANCIAL YEAR ENDED 30th JUNE 2024 Notes to the accounts Note 1. Basis ofaccounllng accounts have been prepared on ￿ Receipts Paymerrts basis. Trey consist ?f a summary of all monies received arKI paid by tFE chjrch in Ihe financial year. 2023r24 Payments 210 Note 2. 2.1 - food vouchers for Naim fire victims (of which £190 was collected in 2022r23) 2.2 - Bist￿P,S Lent appeal (paid in year) 300 amounts are excluded from receipts paymerts Note 3 2023124 Receipts 4,913 370 2022r23 Receipts -tK)ir Co￿ert for hall refiJrb -hristmaslNew Yr sales Halloween paty Easter treats Jther e￿rtS 4ftemoon Teas (Restrlcted) 791 116 102 516 1,123 181 939 550 6,953 2023r24 Receipls 920 240 1.160 2022r23 Receipts 2￿Z￿8

uThJay coffeeAeas 158 1,001 Mote 4 2023124 2022r23 2024 knna Pilgrimage Receipts Payments Payments 6,600 -100 ,550 1,100 -7,700 2025 bna Pilgrimage s in previous years we have paid in advarte for ￿xt years pilgrimage Page 10

Not• 6 2023r24 Pa￿nerts 2022r23 Paymerts Ml•¢ 350 350 88 88 Nots6 2023r24 PayTnerts 10.011 3,348 10.238 2022123 PayThrts 23.885 3,528 9,361 Stipend cartribub'on QLD￿ cordriblknon Per6ion Co￿1b￿￿on Ths s first fijl sear in %%tich 8 50% stipeThl 8LPPOrt b8•n grartsd. Tlis hgs resLlted in tsr• beiThJ ryj ￿￿r￿d{￿tiOn in ow irnestrnents. Not•7 2023r24 Paynerts 4,873 677 2022r23 PaYrT￿nts 1,928 572 CtrLch Ubhbes Hall Utiliti6s Thè iThx8ase in clxxch ublity co$ts is nyjstytts dothl8d 8lectnoty prices. FkJw8v8r, d￿r￿j Last year a reded heab"r#J SyEtemwas irstslknd ar¥J 8￿CtriCIty usage I￿reaS8£1 S￿)S￿r￿la￿y. Usa98 will be dosety mtitored 0￿rthe comiry winter to keep costs at a mirMrNm. Note 8 Fee8lSthsttipt'or 2023rd4 2022r23 100 174 Donabon to Milbar Sthjol In lieu of aLNJit fee Fee to CCLllor MLk4iC LICE￿(2 ￿ar$I Website lYJstir¥J tee 100 382 302 Note 9 R88trictod fund Opthr¥ BalarK6 Réceipts P8ymnts CloslTrJ Be￿nc CIK)Srcorrertfor twll refLwbiS￿￿rrt Cwd ￿¢0￿ryAr¥j 4.913 439 4.474 2.660 2.660 rgstrictad fimds WH be L6ed to r8ft#1)ishth8 hal 1*xt￿ar. Note 10 Mov?￿rrt on h￿SIm8rts". OperuT¥J baTrar￿ at 1" J￿2023 Pr¢xeeds of sales in ts yaar 8ook bakr Urwealised goln In￿ ￿#T BaL￿￿ carried foNMrd 3.514 3,514 278 I￿Str￿ert ￿nsIsts of250.013 urits imestsd in M&G ClwrifiJTrJ urmts were ￿lL￿d at Lwut price of 1,516.77lpl giwr& a 8tstemertvats of £3,792.12 Page 11