St Serys Episcopal Church, Comrie Charity Registration Number: SC016377 Charity Trustees, Annual Report and Financial Statement5 for the Year Ended 30 September 2024
St Serfs Episcopal Church, Comrie Administrative Details Charlty Name St Serfs Episcopal Church. Comrie Charlty Re8lstr•tlon Number SC016377 Prirtipal t)ffi¢e Stratheam Churches Office St Colum)a's Episcopal Church Perth Road CRIEFF Perrhshl PH7 3EB Chwch Addiess St Serfs Episcopal Church Starion RDad COMRIE Perthshi PH6 2JA Trnste Imefflbers d the Vestry} Contart Adttress Barthers Royal 8ahk of Scotland Perth Ch*f Office IA) Branch 12 Dunkeld Road Perth PH7 3EB Independent Exarnlrnr Member of the Institute ol Chanered Accountants ol Scotland Moiri5 &YoJng Chartered Accountants 6 Atholl Crescent Perth PHI 51N
St Serff s Episcopal Church, Comrie Trustees, Report Introduction In terrns of the Charities and Trustee IrNestment 1Scotlandl Act 2LK15 and the Charltles Accounts (Scotlandl Regulations 2C#)6, the Trustees present their Report and Accounts for the year ended 3 Septernber 2024. Strture, Go¥ernan¢e and Mana8ernenl St Servs Episcopal, Church. Ccynrie 1st Serf sl is an indeFendently constitLrted body member of the Strathearn Episcopal Churches Group and shares the servi5 of a full time Rector toeether with St Columba's, Crieff and St Au$.5 Lochearnhead, contributin8 towards thè Strathtarn Comned Episcopal Cr(he5 Fund, established to address the central shared costs of the three Churches 1st Serfs Contribution during the year was 33%1 The affairs ol St Serfs are governed by a Vestrycommlttee whose members serve as Trustees for the benefit of St Serfs St Serfs is an unincorporated association. governed by a Constitution dated lune 1989. as amended in March 2013. It 15 a member cTegotIOn of the Diocese of the Scottish Episcopal Church ol St Andrew's. Ounkeld and OunblanÈ and is in full communion with the Anglican Church. St Serfs acknowledges tho pastoral oversight of the Bishop of St A Thjrews, Dunkeld and Dimbl•ne and cornpllance wlth the Code ol can5 of the Scoit15h Epixopal Church. Vesiry members and St 5erf'5 Office Bearer5 are elecled by constltuent Church members at an Annual General Meeting under the Consttulion and under Canon Law of the Scottish Episcopal Church. The Rector's Warden, appointed by the Rertor, seNes as an ex-officio member of the Vestry, if nol alre¥ an elected Vestry member- likewtse the People's Warden who is dlrect elected by Church Members. Under the Constitution the Rector seryes as an ex-officio member of the Vestry and J5 Vestry Chair. The elected Lay Repr¢3ent•tive to the Di¢xes•n Synod al>0 seffts •$ an ex-officlo memtser of the Vesiry. During the YarVgned hls rasUrerS role. He wa5 replaced by 11 April 2024. resiBned her role as Secret¥y to the Vestry. She was Teplaced bYn 11 April 2024. The Royal Bank of Scotland It*Jnkeld Road, Perth) continues to hold St Serfs Bank Accounts. Anv cash ol checwes received by the Church deoosited through the Post Office in Comrle. Annex I provides a statement of Receipts and Payment5 for the St Serfs Fabric and GrouTrJs Fund. Anne¥ 2 PrIdeS a copy of the accounts for the Strathearn Combkned Eplscopal Clr¢he5 Fund for the yeaf en(ling 30 September 2024. The mana8ement of the fund and common matters related to the administration of the three Churche< is co.ordinated by a Joint Executive Comrnittee mandated by the three Vestries and chaired by the Rector with two representatives nominated by the Vestry of each con8regauo
Annex 3 provides a copy of the accounts for the Stratheam Churches Joint Rectory Fund which supports the cost of maintaining 38 Gafvelmore Street. Crieff a5 a Rectory. This closed fund, contributed to by the three Churche5 Wlth an equity interest in the property 1st Serfs, St Columba's and St An8US's1 Comes unrjer the aegis of the Joint Executive Committee. The aim of the fund is to cover the annual cost of providing a Rettory, its regular maintenance and to generate a surplus to cover larger items of longer-term expenditure as and when they might arise. Its management is regulated by the Strathearn Churches Rectory Agreement IIS March 2(KJ91. Contributions to this fund are from St Serf5 and St Columba's. It was agreed at a meeting of the Joint Executive Committee124" April 20231 that. due to a severe shortage of funds, St Angus's previous contribution would be spread between St Serfs and St Columba's. During the year to 30 September 2024 the contributions by the two churche5 did not increase. Oblertfves and Actlvltles The Charity's principal objective is to serve the religious and s¢xial needs of the community of Comrie and the surroundbng area. Its activities include public worship, Christian education. charitable work and fundraising for local, national and international needs. and the holdin8 of Batherings and social meetings to further its objectives. Achle¥ements and Perfomiance Attendance at the Church has been steadily falling for several years. This has led to a reduction in giving and as a direct consequence a reduction in the amount of Gift Aid claimable from HMRC. No Gift Aid claims were lodged with HMRC Ithe £3,299 stated as income on the Receipts and Payments pa8e is all for the prior year 20221231 due to the on-80in8 problems Wlth getting the new Treasurer to be acknowledged by HMRC. Evensong continues to be popular as an alternative to morning service. Due to the increase in fuel costs the seNices continue to be held In the much smaller St Flllan's room apart from services on Festlval days. A couple of small groups continue to use the St Fillan's room for their meetin8s and a char8e Is raised for this facility. The plans to remove the trees along the bank of the river Lednock are now Scheduled (by Perth & Kinross Council) to commence in February 2025- as part of their flood prevention measures. Flnanclal Revlew The Receipts and Payments for St Serrs Church is provided on page 6 and the Assets and Liabilities are shown in a Statement of Balances on page 7. Both of these financial statements should be read in conjunction with the rb)tes on pages 8 and 9. Total incomes for the year amounted to 26,248. However, of thi5 total £3299 was in respect of Gift Aid claimed for 2022123 and there was £7.5 from the sale of UTP investments. Thus there is a drop in Eiving year on year, in real terms, of just under £2,4C. It is considered that such decreases will continue due to several factors of which age. infirmity and relocation of the congregation are principle. It is therefore Cognised that the release of UTP fund5 will continue whilst the incomes by way of dividend receipts will also fall ènd, whilst 5t Serfs has a reasonably healthy balance at present, it will not continue ad infinitum.
Expendrtur• for th• y•ai was much In lin• wf(h prevlous year5. The Clt>thsan Quots reduced as It is calculated Is • per¢tntsie of annu•l Inc&vn¢ This helped to acwmmothte the Inue4se in Stipend and Per&lon (see also Annex 3 notes-abovel. By notusln8thr maln bL¥ty of theCrth- Inrtead the St Flllan's room (Seeal Athievements and Perfomi•K•- •bMI the energy cosis were also minlmised The year ended wlth a totsl rthynut of E97012023,' £912 deficit). Futurn Pl•ns The ftnandal probl•ns l•dn8 StSerPs •rt result of • f•ll1 Income stream and rtStng msts. aging larye ndraIr events, posslile in years go by, are no lo¢[ p)sYble to the la of hdpers. In the SIrttern7 at least itwlll conb'nue to be necessary to nake use of the Investment ndL Work IsCurrenV Unde•V to cornpltt• Ind hMI formallya8ree4 by ill three COrallOrrf ID tr Strath•4rn Group. a Jotnt Constltu15on •$ • b•3 f(ff • lolnt Incumbery. TNS w4s¥reed ITh PTlndple by attendees it a mteting in NrNember 2023. hosted by the C•n ol tl D4o¢ese but the wordlne Is rtll to b finallsed Wted at Indl¥6dual Nstry arJthen at AGM b•tiy• pr•s•ntatlon to th• DtOC•5an Offl¢• and OSCR b•for•th• Indl7Adu ¢h¥8•s Can b• dISl•d byth• Tntst¢¢> •nd IMMed•te rept•¢d by Joint Inwrnb•n¢y. Thlswlll ¢entr•llx thevethei Into body, along wlth the need f(Y only one Treasurer and on• S•ryetsry. tr•nk (Churth and Rertoryl. £e set of Mlnutes and one srt of Accounts. The fequlremènt to serve th wSdw n¢eds d the stratheafn EplKopal Chur(trs and other denomination5 remafj. x well 45 the w#ler social ne•J5 Uttht communlty lentralty. Appioved by the Trustees on 16 F¢bru•ry 2025 •nd siir*d on thdr behlf by: Tre35urEf
Independent Examinerfs Report to the Trustees of St Serf's Episcopal Church, Comrie I report on the accounts of the Charity for the year ended 30 September 2024, which are set out c pages 6 to 9. Respertlve re5ponslbilitiÈs of Trustees and Examln The Trustees are resFonsible for the preparation of the accounts in accordance with the terms of t Charities and Trustee Investment (Scotlandl A£t 2(X)5 and the Charities Accounts Iscotlandl Regulations 26 la5 amended). The Trustees consider that an audit requirement of Regulation 10111 Idl of the 2CK)6 Account5 Regulations does not apply. It is my respon%bility to examine the accounts as QuIred under Sertion 44llllc} of the 2CK)5 Act arKI tD State whether particular matters have io come to my atleniion. Ba$15 Ot Independtni Emamlner's Report My examination was carried out in accor(jae with Regulation 11 of the 2Ci)6 Accounts RegUlatnI. An examination includes a review of the accountin8 fecords kept by the Charity and a comparison of the a¢¢ounts presentèd with those records. It also includes consideration of any unusual items or disclosurc5 in the accounts. and seekin8 explanations from you as Trustees concerning any such mattcrs. The procedure5 undertaken do not provide all the evidence that would be requlred Sn an audit •nd r¢nxgueAtly I do Aot expre Judit ¢pinbort •n the view 8iven by the th¢wunts. Independent Ex•mlner's Sl•temerrt In connectlon with my examlnatlon, no matter has come to my attention: 111 whlch gives The reasonable cae to believe that In any materlal respect the reqvlrements.. to keep accounting record5 in accordance with SeCtn 44IIHal of the 20C6 Act and Regulation 4 of the 2C06 Account5 Re8ulaty'ons, and to prepare accwnls whh accord with the accountin8 records and cornply with the Regulation 9 of the 21x16 Accounts Regulations. have not been met,. or, 121 to which, in my opinion, attention shDukl be drawn in orderto enable a proper understandin8 of accounts to be reached. 17 February 2025 Member of the Institute of Chartered Accountants of Scotland Morris & Youn8 Chartered Accountant5 6 Atholl Cre*Ènt Perth PHI 5JN
ST SERF'S EPISCOPAL CHURCH. COMIUE RECEIPTS AND PAYMENTS ACCOUKt FOR THEYEARENDING 30thSEPTEMBER2024 Total Funds 2024 Total Funds 2023 Unre•tricted Restricted Funds Fund8 RECEIPTS Notes Donatlons recèl¥ed Voluntary Income.. Pled8ed 8ivin8 Church Collections Special Collections & Fundraisln8 Othef Donations E¥eTht5 Tax Redaimed IGift Aid) 970 4.515 3,610 4.515 3,9 Re¢¢Spts from Inwstm•nts otherth I• ¥ bu51dlngs Investrnent Intome Bank Interest %112 %U2 4.975 R•¢•lpts fmm aM•t & Inv•strMni Ml•s preedS from sale of investments h•r In¢om• Cornbined Episcopal ChUhe$ Fund- Shwe of Costs CEC Fund- Other intome Joini Rertory A£count- Share of Costs Electricity Wayleave Other Income L•yd•s Rec•lved 14249 14 14,078 L956 L9SS T1> A•c•lpts £16.248 £W243 £J9,685 PAYMENTS Paymenls for th¥lt•bl• •clfvltl Givlng Strathearn Combined Episcopal Churthes Joini Rectory D&e$an Quota Pioperty Expenses Other £xpenses Total payrnents frytharlt•ble •cll¥ltlts 16,249 1956 1312 IS,4ts li 3L L291 28.592 312 3.188 2,937 li 154 £Z5.m £4L9H Indepeftdent Exarninerfs fee io Payments r•l•lln&w mo¥tm•nts Purchase of investments Total P*mtnts £25.278 914 £40,195 Surplus IIDeflcltl forye•r ÉL547.
ST SERFS EPISCOPAL CHURCFI COMRIE STATEMENT OF BAiANCES AS AT 30th SEPTEMBER ZOZ4 Toial Jalrt ruThQ¥ Grounds clr+S C•thFurs 146 * 4• 92 SJ5 (Defidll I Surplu5forYe•r Totsl Furth It EnddY••r IrN•stThr mpretvUe •t eellnnlry of Year AdditlOn5 ' 155,150 147rn 14rn1 14,6191 AealisedGwn I litsssl in Y•¥ lthrE•llsed&in IIL05$1 In Y• IAw•tV•hM *Y•wEr 7.118 ISh•re Rty¥PUnh> Tat•l olCKh•rA#• 68,147 ppmved èy th• Vestry on 16 Ftbru•ry 202sd sionedofi thtlrtsehatf
St Serf's Episcopal Church, Comrie Notes to the Accounts for the year ending 30 September 2024 Pledged Givini Giving via Bank Standing Orders. Church Collertlons Giving in Church. Special Collections Retiring and other collertions taken in Church for a specific charitsble cause. Other DonatTrons & Events Unrestiicted - Donations received out-with Church services. Restricted- Donations ènd the proceeds of events specifically dedicated to a particular purpose e.8. Fabric & Grounds Fund. Gift Ald Gift aid tax recelved from HM Revenue & Customs durlng the year. Investment Income Income received from St serfs investment in the SEC Unit Trust Pool Fund. Electrlclty Wayleave SSE Glebe £212023 .. £21. G5vi Giving to charitable causes: Strathearn Churches St Sert's contribution to shared Ministry costs.. see Annex 2 for details. 10 Rectory Contribution to shared costs of maintaining the RectOry= see Annex 3 for detsSls 137.5% of budget- refiectlng St Serfs share of equlty In the property). 11 Property Expen$ CAP £3W & Comrie Men's Shed £l(Ml 2024 £1.014 £1,371 £2 £63 2023 -£547 £1,295 £21X) £146 Power Insurance Cleaning Fire Equip. Annual inspection Sundries Miscellaneous Repairs Grounds maintenance Nave painting (Fabric & Grounds Restricted Fund) Roof repairs Totsl £136 £423 £385 £520 £938 £3.207 £2.937
12 Fab and Grounds Fund The wjrrose of this fLmd which is r2Stricted s to help cowér eXnSeS relatin8 to the Church building and 5urroundirg fsounds includir the and cortains donatio made specrficallyforths= see AnneJ¢ I for details. Public Librdry Revusion In the event ol Comrie Public Lknay ceasinB to be used for the purro5e of a Ilbrary. then the property is to be conveyed by Deed of Gift to the Trustees of St S•rf's Erxscopal CMr(h. As the prrknalxlity of a future transfer of this property to the Charity Considered the Tntstees to be extremely remote at the wesent tirne. the prop¢rtyis not disclosedin the accounts a5 a continetnt assei. TrJst•es' Expens 13 J4 Redor & Chaiman. received remurberation and expenses all.-.blab1L lo't ,rt,. la5 detailed in Strnih¢arn Churches Accounl- Anrx 21 in¢ludth8: 5liyeiid £10,65012023. £9.6561 Pension £3.45412023 . £3,110) Telep)ne £25512023.. £2411 Repalrs & MaInien¢t £nll Q023 £nill Tr,Ivo', Expertses £71212023 £12021 Treasuier reasurer & PeoF4e'sWarden RL'Hollb & .w-JiiIIL".Jnce £ntsl12023 £461 Postage & Stationery £3012023.. £S31 cretary & Re¢tor's Warden R&6i0115 &,¥1é151ieidrKe £nil120Z3= £511
Annex I ST SERF'S EPISCOPAL CHURCH, COMRIE FABRIC & GROUNDS FUND (Note 12) Receipts & Payments Account for year ending 30 September 2024 Total 2024 Total 2023 In¢ome Individual Donations Events Reclaimed Gift-aid Grants Total ItKome Ex ndlt Painting nave Kitchen Units Church carpet Totsl ExpendSture (Deficlt) 15urplus for year Statement of Bala ember 2024 Openin8 funds at l October 2023 IDeficitl I Surplus for year 3,585 Closlnl fvnds at 30 Septembei 2024 £3,585 io
Annex 2 STRATHEARN CHURCHES: COMBINED EPISCOPAL CHURCHES FUND (Note 9) The Combined EpiK¢pal Churches, Strathearn STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2024 General funds 2024 Totsl fvnds 2014 Tot•1 funds 2023 Income •nd •ndowments from: Combined Episcopal Churches Other 49.046 49.046 43,448 Totsl 49,046 49,046 43,448 Exptndltur* ¢)n: Charltable actlvltles Other 349 46.159 349 46.159 144 44.697 Total 46,508 44.841 Net Baln5 on investments Net Incomellexperrtllturel 2,538 2,538 11.3931 Incom•llexp•ndllur•l b•for• othtr plnsllhssesl 2.538 2.538 11,3931 Olher ialn5 and Net movement In funds 2,538 2,538 11,3931 Reconclllafiort of fvnds: Total fvnds brou¢ht f+)rw•rd 450 450 1.843 Tot•1 fvnds urrled fonmard 2.988 450 li
The C4xnbined Episcopal Churches. Strath¢n BALANCE SIEET at 30 Septernbtt 2024 2024 2023 Cufrert assets Cash at bank and in harml 3.222 1.878 3.222 1.878 Credithrs.. Amount falWn8due wlthln cfft yeir 12341 11.4281 Nei current a55ets 3.988 450 Total assets l•ss Current Ilablllls 2,988 450 Net •55•ts excludlng pen51on asset or Ilablllry 2,988 450 Total net a55ets 2.988 450 The fvnds ofthe ¢harlty Unrestrlcled funds General fund>. 450 450 450 4SO Rèsèrnes Total luhds 4SO 450 2024 20U Whereof..- 5t. Columba's- Crleff St. Serfs. Comrfe 51. An8U5'_ Lochearnheal 1.643 243 146 61 355 2.988 450 Appred by the Committee on 11 February2025 And sgned on their beha by.. Trustee 11 Febrnary 2025 12
The Comblned Episcopal Churche5, Strathearn DETAILED STATEMENT OF FINANCIAL ACTIVITIES forthe year ended 30 September 2024 General funds Total funds 2024 Total funds Z023 2024 Inwme and endowments from: Donation5 and legacies Crieff Cornrie Locheamhead 26.972 16.249 5.825 49.046 26.972 16,249 5.825 49.046 23,494 14.078 5,876 43.448 Total Snwffle and endowmènts 49,046 49.046 43.448 Expendlture on: Charltable artivitles 349 349 144 Ernployee costs Salarieslwages Ternporary staff 42.605 42,605 39.442 125 39.567 42.605 42,605 Motor and travel costs Travel and subsisten¢e 2,332 2,332 3,713 General admlnlstr¥tlve costs, Indudl depreclatlon and amortlsatlon Equipment expenses Subscrlptlons Sundry expenses Telephone, lax ard broadband 208 50 163 762 1,183 127 127 771 771 Lo8al and professlonal tosts A£countan£y and book-keeping Other le8al and professional costs 234 234 234 234 234 234 Total of exp•ndhuro of othertorts 44,841 Total xptndhur* 46,508 44.841 Net gains on investments Nèt 1ntomellexper1turej 2.538 2.538 11,3931 In¢omellexptndlturtl bèfore oiher ylnslllosstsl 2.538 2.538 11.3931 Net movefflent In funds 2.538 2,S38 11.3931 13
Annex 3 STRATHEARN CHURCHES: JOINT REcfoRY FUND (Note 10) Receipts & Payments Account For Year Ending 30 September 2024 St St St Columba's Serfs Angus's (45%) {37.5%) (17.5%) Total Total 2024 2023 Income Church Conlnbuts'ons Other Bank Inleresl 2.352 1,9&8 4,308 4,916 46 18 102 Total Income 2,398 4.410 4,970 Expondltur• Insurance (Property) Boiler Maintenance Contracl Council Tax Repairs and Maintenance Accountancy & book-keepirvJ Total Exp•nditurn 370 1,119 430 932 435 167 2,486 956 2.409 102 2,969 1,549 602 3,442 SurplusllDeficltl for year £849 {£5841 £968 £2,001 Statement of Balances as at 30 Septembor 2024 Opening funds at 1 October 2023 Surplusl {Deficrt) for year £5.018 £2.287 £849 £703 [£837) (£5841 £6,468 £968 £4,467 £2,001 Closing fvnds at 30 September 2024 £5.867 a99) {£1.4211 £7.436 £6,468 14