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.
Str￿ture, 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 servi￿5 of a full time Rector toeether with St
Columba's, Crieff and St A￿u$.5 Lochearnhead, contributin8 towards thè Strathtarn Com￿ned
Episcopal C￿r(he5 Fund, established to address the central shared costs of the three Churches 1st
Serfs Contribution during the year was 33%1
The affairs ol St Serfs are governed by a Vestrycommlttee whose members serve as Trustees for
the benefit of St Serfs
St Serfs is an unincorporated association. governed by a Constitution dated lune 1989. as amended
in March 2013. It 15 a member c￿￿TegotIOn of the Diocese of the Scottish Episcopal Church ol St
Andrew's. Ounkeld and OunblanÈ and is in full communion with the Anglican Church. St Serfs
acknowledges tho pastoral oversight of the Bishop of St A Thjrews, Dunkeld and Dimbl•ne and
cornpllance wlth the Code ol ca￿n5 of the Scoit15h Epixopal Church.
Vesiry members and St 5erf'5 Office Bearer5 are elecled by constltuent Church members at an
Annual General Meeting under the Consttulion and under Canon Law of the Scottish Episcopal
Church. The Rector's Warden, appointed by the Rertor, seNes as an ex-officio member of the
Vestry, if nol alre￿¥ an elected Vestry member- likewtse the People's Warden who is dlrect
elected by Church Members. Under the Constitution the Rector seryes as an ex-officio member of
the Vestry and J5 Vestry Chair. The elected Lay Repr¢3ent•tive to the Di¢xes•n Synod al>0 seffts •$
an ex-officlo memtser of the Vesiry.
During the Y￿ar￿V￿gned hls r￿asUrerS role. He wa5 replaced by
11 April 2024.
resiBned her role as Secret¥y to the Vestry. She was Teplaced bY￿n 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 Pr￿IdeS a copy of the accounts for the Strathearn Combkned Eplscopal Cl￿r¢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 theC￿rth-
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 ￿ndraI￿r* events, posslile in years go￿ by, are no lo￿¢[ p)sYble to the la
of hdpers. In the SI￿rttern7 at least itwlll conb'nue to be necessary to nake use of the Investment
ndL
Work IsCurren￿V Unde￿•V to cornpltt• Ind hMI formallya8ree4 by ill three CO￿r￿allOrrf 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 W￿￿ted at Indl¥6dual N*stry ar*Jthen at AGM b•tiy•
pr•s•ntatlon to th• DtOC•5an Offl¢• and OSCR b•for•th• Indl7Adu* ¢h¥8•s Can b• dIS￿l￿•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(tr*s 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 2￿6 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(ja￿e with Regulation 11 of the 2Ci)6 Accounts RegUlat￿nI.
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 ca￿e to believe that In any materlal respect the reqvlrements..
to keep accounting record5 in accordance with SeCt￿n 44IIHal of the 20C6 Act and
Regulation 4 of the 2C06 Account5 Re8ulaty'ons, and
to prepare accwnls wh￿h 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
pr￿eedS from sale of investments
h•r In¢om•
Cornbined Episcopal ChU￿he$ 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
cl￿r￿+S
C•thFur*s
146
* 4• 9￿2
SJ5
(Defidll I Surplu5forYe•r
Totsl Furth It EnddY••r
IrN•stThr
mpr*etv￿Ue •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 R￿ty¥PUnh￿>
Tat•l olCKh•rA#•
68,147
ppmved èy th• Vestry on 16 Ftbru•ry 202s￿d 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 eX￿nSeS 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.-.b￿lab1L lo't ￿,rt,. la5 detailed in Strnih¢arn Churches Accounl- Anr*x 21
in¢ludth8:
5liyeiid £10,65012023. £9.6561
Pension £3.45412023 . £3,110)
Telep￿)ne £25512023.. £2411
Repalrs & MaInie￿n¢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 Ilabllll*s
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
Appr￿ed 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 ar*d 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 1ntomellexper￿1turej
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