St Serf's Episcopal Church, Comrie Charity Registration Number: SC016377 Charity Trustees, Annual Report and Financial Statements for the Year Ended 30 September 2025
St Serf's Episcopal Church, Comrie Administrative Details Charlty Name St Serfs Episcopal Church, Comrie Charity Registration Number SC016377 Principal Office Strathearn Churches Office St Columba's Episcopal Church Perth Road CRIEFF Perthshire PH7 3EB Church Address St Servs Episcopal Church Station Road COMRIE Perthshire PH6 2JA Trustees (Member5 of the Ve5try} Rev. Genevieve Evans Roderick Riddell Jeremy Ralph Vivian Brown Alan Blair Rector & Chairman Secretary Treasurer Contact Address Jeremy Ralph Strathearn Churches Office St Columba's Episcopal Church Perth Road CRIEFF Perthshire PH7 3EB Bankers Royal Bank of Scotland Perth Chief Office IA) Branch 12 DunkeSd Road Perth PH7 3EB Independent Examiner Alexander J Fyfe, M.A.A.T.. C.A., DChA. Member of the Institute of Chartered Accountants of kotland Morris & Young Chartered Accountants 6 Atholl creSnt Perth PHI 5JN
St Serf's Episcopal Church, Comrie Trustees, Report Introduction In terms of the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006, the Trustees present their Report and Accounts for the year ended 30 September 2025. Structure. Governance and Management St Serfs Episcopal, Church, Comrie 1st Serfs) is an independently constituted body member of the Strathearn Episcopal Churches Group and shares the services of a full time Rector together with St Columba's, Crieff and St Angus's Lochearnhead, contributing towards the Strathearn Combined Episcopal Churches Fund, established to address the central shared costs of the three Churches (St Serf's Contribution during the year was 43%) The affairs of St Serf's are governed by a Vestry Committee whose members serve as Trustees for the benefit of St Serfs St Serfs is an unincorporated association, governed by a Constitution dated June 1989, as amended in March 2013. It is a member congregation of the Diocese of the Scottish Episcopal Church of St Andrew's, Dunkeld and Dunblane and is in fu11 communion with the Anglican Church. St Serfs acknowledges the pastoral oversight of the 8ishop of St Andrews, Dunkeld and Dunblane and compliance with the Code of Canons of the Scottish Episcopal Church. Vestry members and St Serfs Office Bearers are elected by constituent Church members at an Annual General Meeting under the Constitution and under Canon Law of the Scottlsh Episcopal Church. The Rector's Warden, appointed by the Rector, serves as an ex-officio member of the Vestry, if not already an elected Vestry member- likewise the People's Warden who is directlv elected by Church Members. Under the Constitution the Rertor serves as an ex-officio member of the Vestry and as Vestry Chair. The elected Lay Representative to the Diocesan Synod also serves as an ex-officio member ofthe Vestry. The Royal Bank of Scotland IDunkeld Road, Perthl continues to hold St Serfs Bank Accounts. Any cash or cheques received by the Church are deposited through the Post Office in Comrie. Annex I provides a statement of Receipts and Payments for the St Servs Fabric and Grounds Fund. Annex 2 provides a copy of the accounts for the Strathearn Combined Episcopal Churches Fund for the year ending 30, September 2025. The management of the fund and common matters related to the administration of the three Churches is co-ordinated by a Joint Executive Committee mandated by the three Vestries and chaired by the Rector with two representatives nominated by the Vestry of each congregation. Annex 3 provides a copy of the accounts for the Strathearn Churches Joint Rettory Fund which SUPPOrts the cost of maintaining 3B Galvelmore Street. Crieff as o Rectory. This closed fund, contributed to by the three Churches with an equity interest in the property (St Serfs. St Columba's and St Angus'sl comes under the aegis of the Joint Executive Comrnittee. The aim of the fund is to cover the annual cost of providing a Rectory, 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 Agreement11S March 20091. Contributions to this fund are from St Serf's 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 Serf s and St Columba's. Therefore during the year to 30 September 2025 the contributions by the two churches increased. Objectives and Activities The Charity's principal objective is to serve the religious and social needs of the community of Comrie and the surrounding area. Its activities include public worship, Christian education, charitable work and fundraising for local, national and international needs, and the holding of gatherings and social meetings to further its objectives. Achievements and Performance 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. During the year. a Gift Aid claim was lodged with HMRC for £549. Evensong continues to be popular as an alternative to mornirbg service. Due to the increase in fuel costs the services continue to be held in the much smaller St Fillan's room apart from services on Festival days. A couple of small groups continue to use the St Fillan's room for their meetings and a charge is raised for this facility. Financial Review The Receipts and Payments for St Serfs 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 notes on pages 8 and 9. Total Unrestricted Fund income for the year amounted to £32,500. However, of this total. £20,000 was from the sale of UTP investments. Thus there is a drop in giving year on year, in real terms, of just under £3,800. It is considered that such decreases will continue due to several factors of which age, infirmity and relotation of the congregation are principle. It is therefore recognised that the release of UTP funds will continue whilst the incomes by way of dividend receipts will also fall and, whilst St Serfs has a reasonably healthy balance at present, it will not continue ad infinitum. Expenditure for the year was mLtch in line with previous year5, although Property Expenses were up by almost £4,700. The Diocesan Quota increased as it is calculated as a percentage of annual income, and the percentage rose this year by 0.5% to 16.5%. By not using the main body of the Church- using instead the St Fillan'5 room (see also Achievements and Performance- above) the energy costs were also minimised The year ended with a total Unrestricted Fund revenue deficit of £87712024 - £970 surplusl.
Future Plans The financial problems facing St Servs are the result of a falling income stream and rising costs. Staging large fundraising events. possible in years gone by. are no longer possible owing to the lack of helpers. In the short term. at least, it will continue to be rceSSary to make use of the investment funds. Considerable work has been done to complete a Joint Constitution agreeable to all three congregations within the Strathearn Charge. This has been agreed by the Di0San offi in principal. In order to be able to have this new Joint Constitution adopted, each of the three churches current Constitutions had to be amended to indude a dause relating to the Dissolution of Charge and for each congregation to agree to suth a change and also to invoke sud) clause. This was agreed at an Emergency General Meeting held at St Serfs for exclusively the congregation of St Serfs on 10 August 2025. At this same meeting itwas agreed by said congregation to formally adopt the new Joint Constitution subjert to the approval of members of General Synod in March 2026. Work is still going on to set-up a new registered tharity with OSCR that will accommodate all three churches in the then new Strathearn Charge under the name of the Joint Episcopal Churches of the Strathearn Charge. This work is on%oing as there appear to be dtfferences in the administration of OSCR and Canon 36.3 of the Scottish Episcopal Church, Code of Canons. The requirement to serve the wider need5 of the Stratheam Episcopal Churches and other denominations remains. as well as the wider soaal needs of the community generally. Approved by the Trustees on 7 March 2026 and signed on their behalf bv.. Jeremy Ralph Treasurer
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 2025, which are set out on pages 6 to 9. Respectlve responsibilities of Trustees and Examiner The Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Att 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amendedl. The Trustees consider that an audit requirement of Regulation 10111 Idl of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44llllcl of the 2005 Art and to state whether particular matters have to come to my attention. Ba515 of Independent Examlner's Report My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It al50 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In connection with rny examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any rnaterial respect the requirements.. to keep accounting records in accordance with Section 44llllal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with the Regulation 9 of the 26 Account5 Regulations, have not been met,. or, 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 24 March 2026 Alemander J Fyfe. M.A.A.T.. C.A., DChA. Member of the Institute of Chartered Accountants of Scotland Morris & Young Chartered Accountants 6 Atholl Crescent Perth PHI 5JN
ST SERF'S EPISCOPALCHURCH, COMRIE RECEIPTS AND PAYMENTS ACCOUNT FOR THEYEAR ENDING 30th SEPTEMBER2025 Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds RECEIPTS tnationS rètèived Voluntary1ncome.' Pledged givsn8 Church Collections Special Collections & Fundraising Other Donations Notes 1,320 3.286 970 4,515 Event5 Tax Reclaimed (Gift Aid) 549 3,299 Receipts from investments Otherthan land and buildin85 Investment Income Bank Interest 5,392 iii 5.112 43 Recelpts from a55et & investment sales Proceeds from sale of investments 20,1))) 20,C¥XI 7.S(K) Other Income Combined Episcopa1 Churches Fund- Share of Costs CEC Fund- Other income Joint Rectory Account- Share of Costs Electricity Wayleave Other Income Legacles Received i&¢Jx) 16.249 1,956 L956 1,956 Total Receipts £32.5(X) £19.999 £5149 £44491 PAYMENTS Payments forcharitsble artivities Giving Strathearn Combined Episcopal Churches Joint Rectory Diocesan Quota Property Expenses Other Expense5 Total payrnentsfortharitable artivities 3C 18.Q 1,956 2,958 17,921 1,462. 35,921 3.418 31,654 3.247 2,312 3.207 io li £31,W3 £19,383 £50M6 £4L974 Governance Costs Independent Examinerfs fee 2,274 1274 Payments relating to investment movements Puichase ol investments Total Payment5 £33,377 £19,383 £52.760 £41.974 Surplus/lDeflcitl for ar £616 517
ST SERF'S EPISCOPAL CHURCH, COMRIE STATEMENT OFBALANCES ASAT 30th SEPTEMBER 2025 Unrestrirted Funds r**rtct•d Funds F4brlc & Strathearn Ground5 Chuythes Total Funds ¥J25 Totsl Funds 2024 Assrrs Joint Rectory Cash Funds Opening 8alances (Deficit) / Surplus foryear Total Cash Funds at End ot Year 3,585 11.474 8,957 12611 2.517 11,213 11,474 877 537 3.527 4032 1585 Investments maet Value at Begirtrning of Year Addition5 175,103 175,103 158,728 Disposals Realised Gain I (Loss) in Year Unrealised Gain / ILossl In Year Marknt Value atyear End 119.7071 293 119,M 16,777) 293 14.012 14,012 22.429 169,7DI 175,103 OthefAss•ts Rectory Ishare Rectory Purthasel Total of OtherA55ets 69.147 69,147 69,147 69,147 ,147 .147 Totsl Assets £IB733 .585 £1.IM £72,674 £,(1 £255.n4 Approved by the Vestry on 28 February 2026and signed on their behalf Rev. Genevleve Evans Rector & Chaim)an Jeremy Iph Treasurer
St Serf's Episcopal Church, Comrie Notes to the Accounts for the year ending 30 September 2025 Pledged Giving Giving via Bank Standing Orders. Church Collections Giving in Church. Special Collections Retiring and other collections taken in Church for a specific charitable cause. Other Donations & Events Unrestricted - Donations received out-with Church services. Restricted - Donations and the proceeds of events specificallv dedicated to a particular purpose e.g. Fabric & Grounds Fund. Gift Aid Gift aid tax received from HM Revenue & Customs during the year. Investment Income Income received from St Serf s investment in the SEC Unit Trust Pool Fund. Elertricity Wayleave SSE Glebe £212024 .. £21. Giving Giving to charitable causes: Christians Against Poverty £300 & Comrie Men's Shed £nil 12024: CAP £300 & Comrie Men's Shed £lOOI. Strathearn Churches St Serfs contribution to shared Ministry costs: see Annex 2 for details. 10 Rectory Contribution to shared costs of maintaining the Rectory-. see Annex 3 for details 137.5% of budget- reflecting St Serf's share of equity in the property). 11 Property Expenses 2025 £1,726 £1,498 £337 £154 £478 2024 £1,014 £1,371 £200 Power Insurance Cleaning Fire Equip. Annual inspection Miscellaneous Repairs Grounds maintenance Exterior painting Joiner works £63 £136 £423 £1,075 £828 £1,480 £312 Re-hang gate Total £7,889 £3,207
Fabric and Grounds Fund The purpose of this fund which is restricted is to help cover expenses relatin8 to the Church building and surrounding Grounds including the Glebe and contains donations made specifically for thi5.. See Annex I for details. Trustees, Expenses Rev. Genevieve Evans, Rector & Chairman. received remLtrneration and expenses attributable to St Serf's las detailed in Strathearn Churches Account- Annex 21 including.. Stipend £12,&%12024'. £10.6561 Pension £3,13412024.. £3,4541 Telephone £33612024.. £2551 Repair5 & maintenan £nil12024.. £nill Travel Expenses £83612024= £7721 Jeremy Ralph, Treasurer was refunded- Repaifs & maintenan £81712024.. £nill Sundry £13512024.. £1351 Christopher Dowse, Treasurer & People's Warden was refunded.. Posta8e & Stalionery £nil12024.. £301
Annex I ST SERF'S EPISCOPAL CHURCH, COMRIE FABRIC & GROUNDS FUND (Note 12) Receipts & Payments Account for year ending 30 September 2025 Total 2025 Total 2024 Income Individual Donations Events Reclaimed Gift-aid Grants Total Income Ex enditure Painting nave Kitchen Units Church carpet Total Expendlture IDeficit) I Surplus for year Statement of Balances as at 30 Se tember 2025 Opening funds at l October 2024 IDeficitl1 SL*rplus for year 3,585 Closing funds at 30 September 2025 £3,585 io
Annex 2 STRATHEARN CHURCHES: COMBINED EPISCOPAL CHURCHES FUND (Note 9) The Combined Episcopal Churches, Strathearn STATEMENT OF FINANCIAL AcnviTIES for the year ended 30 September 2025 General funds 2025 Total funds Total funds 2025 2024 Income and endowments from: Combined Episcopal Churches Other 47.431 47.431 49.046 Total 47.431 47,431 49,046 Expenditure on: Charitable activities Other 633 46.915 633 46,915 349 46,159 Total 47.548 47,548 46.508 Net gains on investments Net incomellexpenditure) 11171 11171 2,538 Net incomellexpenditure) before other 8aiftslllossÈsl 11171 11171 2,538 Other 8ains and losses: Net movement in funds 11171 11171 2,538 Reconclllation of funds: Totsl funds brought forward 2,988 450 Total funds tarried forward 2.871 2.871 2,988 li
The Combined Episcopal Churches, Strathearn BALANCE SHEET at 30 September 2025 2025 2024 Current assets Cash at bank and in hand 3,170 3,222 3,170 3,222 Creditors.. Amount falling due within one year 12991 12341 Net current Jsseis 2,871 2,988 Total assets less current liabilities 2,871 2,988 Net assets excludin8 pension a55et or liability 2,871 2,988 Total net assets 2,871 2.988 The funds of the char5ty Unrestrirted funds General funds.. 2,871 2,988 2,871 2,988 Resèrvès Total funds 2,871 2.988 2025 2024 Whereof:. St. Columba's- Crieff St. Serf's- Comrie St. Angus. Lochearnhead 1,802 1,069 1,643 990 355 2,871 2,988 Approved by the committee on 30 September 2025 And signed on their behalf by.. Jererny Ralph Trustee 30 September 2025 12
The Combined Episcopal Churches. Strathearn DETAILED STATEMENT OF FINANCIALACTIVITIES for the year ended 30 September 2025 Generol funds 2025 Total funds 2025 Total funds 2024 Incomè and endowmènts from.. Donations and legacies Crieff Comrie Lochearnhead 30,361 18.000 19301 47.431 30,361 18.000 19301 47.431 26,972 16,249 5,825 49,046 Total Income and endowment5 47,431 47.431 49,046 Expendlture on: Charitable activitles 633 633 349 Employee costs Salarieslwages Temporary staff 42,294 42.294 42,605 42.294 42,294 42,605 Motor and travel costs Travel and subsistence 2,217 2,217 2,332 General admlnlstratlve costs, In¢ludlni depreclatlon and amort15atlon Information and publications Statlonery and printing Subscriptions Telephone, fax and broadband 164 572 435 892 2,063 164 572 435 892 127 771 2,063 988 Le8al and professlonal ¢osts Accountancy and book-keeplng Other legal and professional costs 341 341 234 341 341 234 Total of expendlture of other costs 47.548 47,548 46,508 Total expendlture 47,548 47,548 46,508 Net gains on investments Net incomellexpendlturel 11171 11171 2,538 Net Incomellèxpènditurel before other gainslllossesl 11171 11171 2,538 Net movement In funds 11171 11171 2,538 13
Annex 3 STRATHEARN CHURCHES: JOINT RECTORY FUND (Note 10) Receipts & Payments Account For Year Ending 30 September 2025 St St St Columba's Serfs Angus's {56.6%} {43.4°Al (O'/o) Total Total 2025 2024 Income Church Contributions Other Bank Interest 2.548 1.956 4,504 4,308 55 43 98 102 Total Income 2,603 1,999 4,602 4,410 Expenditure Insurance {Property) Boiler Mainlenance Contract Council Tax Repairs and Maintenance Accountsncy & book-keeping Total Expenditure 1.905 1,462 3,367 2,486 956 1,905 1,462 3.367 3,442 SurplusllDeficit) for year £698 £537 £1.235 £968 Statement of Balances as at 30 September 2025 Opening funds at 1 October 2024 Surplusl (Deficit) for year £5,867 £2.990 (£1,421) £698 £537 £7.436 £1,235 £4,467 £2,001 Closing funds at 30 September 2025 £6,565 £3,527 1£1.421) £8,671 £6,468 14