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 creS￿nt
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 r￿ceSSary 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 Di0￿San 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 2￿6 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
t￿nationS 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
ma￿et 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