Chadty reglstration nurn￿r SC016813 IS¢otlandl
DIOCESE OF BRECHIN
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025

DIOCESE OF BRECHIN
LEGAL AND ADMINISTRATIVE INFORMATION
Dloe•san Counejl
Th8 Blshop. Thg Right R8vd.Andrew Swft
Th8 D8an. Thg Very Rgvd. Kenneth Gibson
Or. Jaap Jacobs- Diocesan Sec￿tary (Resignwj 13 Aprsl 20261
Mr Bob Main- Di￿san Treasurer
The Very Revd. Roxannè Chmpb811
The Revd. Canon Mary Jepp
Thè Revd. Mark-Aartsn Tisda
Thè Rèvd. Pgte Mead
The Revd. Lynn Davidson
Mr Geoffrey Bell
Professor Susie Schofield
Professor Peter Sharp OBE
Mr Eolyard Stansfeld
Mrs Judy Struth
Ms Alison Taylor
IRe8igned 30 November 2￿25)
(Elected 1 March 20251
(Elected 7 March 20261
(Resigned 13 January 20261
(Resigned 7 March 20261
(Resignèd 1 March 2025}
IEl8ct8d 1 March 20251
(Elected 7 March 20261
Charlty number (Scotlandl SC016813
Prlnclpal addr￿$
rJo Bishop's House
5 Ballumbi8 VI9W
Dundee
DD4 ONQ
Audltor
bk plusAudf( Limited
144 Nathgrgat9
Dundee
DD14EB
Bank•rs
Bank of Scotland plo
6&69 Murr8ygato
Dunde8
S(x)I8nd
DD12EA
Solleltors
Lindsays LLP
10 Blackfriars Street
Perth
PH1 SNS

DIOCESE OF BRECHIN
CONTENTS
Pa
Dloc&san Council's rèport
Ststerngnt of Dlocesan Councll's rnswnslbilitie8
Independ6nt aU¢JIto￿$ rèport
statement of financial actiwtl88
10- 11
Balance sheet
12
Notès tr) thg finanrAal statements
13-30

DIOCESE OF BRECHIN
DIOCESAN COUNCIL'S REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
Th6 Dlcwan Coun¢ll prasant thelr roport and financi81 stst&m&nts for th& y08r endgd 30 Novembar 2025.
For the purpr)so8 of S¢otti$h Charity Law. Ihe members of the Dscwan Council are charitable trustees of the
Charity.
The financial statements have been prepared in accordance wth the accounting polici85 S8t out in note 1 to the
nancial statgrn8nt8 and comply with the charitys constilutyon. the Chariti&s and Truste& Invostmont Iseotlandl Act
2005, the Charfties Accounts (Scollandl Regulations 2(X)6 la5 8rn8nd8dl ond "Accounting ar>d Reporting by
Charities.. Statement of Re￿rnMended Pract￿ applicable to charities preparing their accounts in #cttordan(x with
the Financial Reports￿ St8nd8rd applicable in the UK and Republi¢ of Ireland IFRS 1021. leffectlve 1 January
20191.
Oble¢tlve$ and acuvltles
The Diocese exists to support and promote th8 mTrssion and ministy of th8 Scotlish Episcopal Church across the
historic Dioc8se of Brechin, covering the City ol Dundee, the Carse of Gowrfg, most of Angus, th8 Mearns and
southém Ab8rd88nshirg. It does this by providing spiritual, admlnistrative and flnanclal support to Charges acrosg
th6 Diocese, administarlng Provlnclal grants, bncour8ging migsion activity and developing training for ordained and
Tay leaders. To support these alms the dlocesan strategy, Introducod In 2023, focusès on th8 foltowng 8rg88'.
Hèalthy Churchas: Dloc&san SLtpport for Charges to carry out l(Kal tllission and ministry, including
financial and practtcal sUPPOrt for ordained leadership and the de￿lopM￿nt of flourfshing and sust8in8blo
patterns of ministry.
Healthy Envlronment.. Diocesan support for the Scottish Episcopal Church's naJonal work towards
achieving n8t Z8ro carbon by 2030.
Hgalthy Leadors: Diocesan support for cffdained and lay leaders, with an emphasfs on vocation, tralning
and wellbeing.
Achlevements and performance
During the period from December 2024 to Novembor 2025. thè Diocas8n Council ovérsaw the DK)c8se'3 work in
mi8sion & rninistry, finance. propety and goverr*ance. Its principal objective was to support Charges across th&
reglon, primarily Ihrough financial support for ministy and by rèsourciThJ thè Bishop's Dioc8san ministry. The
Council also managed dtocesan administration. including grants and funds, commun11s￿onS. thè thra￿aY US-
African-scotbsh Anglican Comrnunion compafiionship link, and Diocesan properties.
During the year, the Diocesan Counal reviewed and updated the Diocesan constitution. The prevlous revlslon was
ade in March 2020, W￿th an 8xp8Ctation of r8view 8V9ry fiv8 y8ars. L9d by th8 Diocesan Secretary. the 2025
review resulted in minor amendments, which were approved by Diocesan Synod in October 2025.
Oth•r Olo¢•san bodl•s. The Diocesan Bulldings Committee eontinued to meot both virtually and in person to
consider applications for atterations to church buildings under Canon 35. This stalutory work was cwhaired by the
Dean and the Diocesan Secrotary. The Provincial Net Zgro Team also supported the Dioceses progress towards
the Scottlsh Episcopal Church s not zero by 2030 commitment. A m&mber ofth6 Net Z&ro Tèam jthnèd Buildings
Comrnitlg8 and acted as 8 dired wntsct for Diocgs8n work, while Vi$￿t$ and initiatNgs continued throughout the
yeaf. including 8 N8t Z8ro Roadshow 8t st P8ul's Cath8dr81. Durxle8. inAugust 2025.

DIOCESE OF BRECHIN
DIOCESAN COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
Over the past yèar, the Bi8hop again undertook a programme of vi5it8tions aixo&8 the Diocese, esp&aalty at maln
acts of Sunday worship. Thè Bishop visilgd almost every Charge during th& year. Th8 Bishop and other Diocesan
officers also mgt and worked with several Vestri85 on vision, planning and local ministry prforities in their
communiti&s.
Finaneial support to Charges, framed withln th8 'H8aAhy Churches, priority. remalnad 8 major area ol Diocesan
activity, Support for stipendi8ry ministry Ixjntinued to bè a kay Commitr￿ent. During the year. a cleric was appointed
95 Transitional Ministry Prfest-iTrCharg8 for two church wmmunities in wast Dundeg, with Diocesan fun(Jing
supporting the post. A Diocesan property was also purthased to support thls ministry. The Diocese also began
providing temporary 'bridging' financial support to Charges facing short-terrn operational diffieults"¢s, for 8X8mple
wh8r8 8 vacancy in the treasurar ro18 affec￿￿ kxal financia managamgnt. This 8UPPOrt is intended to sustain 8
Charg6 until it can finawially operate fully again.
Asurnmary of DIC￿*Ban financkal support for ministy during the year Is sèt out b810w:
Support for ongoing ministy at St Ninian's, Dundge. During the year, its part-tlma priest sewl solely that
Charge.
Support and oversight for St Luka's, Dundee, and the Dund6e Cèntr8 of Mi88ion, a partneiship betW66n th&
Diocesa of Brethin and Church Amiy prowding 8wal action and fresh oxprossion8 of church in Dundoe
City.
Support for ongoing ministry at St Mary's, Arbroath. and St Peter's. Auchrnithig.
Support for ongoing ministry at Holy R(K)d. Carnoustie, and Holy Trinity, Monifrelh.
Support for ongoing Tninisty in Stonehavon and Muchalls until D8cembef 2025. wh8n that priest moved to
8 Hou8e-for-Duty ministy.
Support for a new trans6tion81 mini8try for All Souls.. Invargowrig. and St MargaTefs. L￿, frcffn
Novembor 2025.
Employment ofa part-time Dioc8s8n Children and Youth Officar on an ongoing permanent bèsis.
Financi81 bridging support was also provided during the year for St Mary's, BToughty Fery, and thg
Laurencekitl( Group tsf Charges.
Support for these ministries 18 funded thr(Ktgh 8 combination of p￿n￿81 Mini8ty and Misslon s￿pOrt Gr8r
IMMSG}, appropriately mstrict8d funds, unrestrictod Di(xwan ino)me, aThJ d￿gna￿ missi¢)n and minlsty fvnds,
as outlined in sect￿rn 24 01 the notes to the accounts.
Under th8 'H8atthy Environmenf priorty. the Diocese ￿ntinUad to work with the Prowncial Net Zwo Team towards
the Scottish Episeopal chu￿h,$ target of nat Zgro by 2030. This iem8in8 a significant pracb.eal 8nd financial
cha118nge given the agè and wndition of much of the Diocesan prop6rty estale. Oufing the year, a p￿VinCiallY
funded 'Pione8r' project support8d the instsllation of soJ8r panels and electric haating at St Nin1￿'s, Dundeè, 8nd
work also started on 8 pilot project at St T¢man'8. Muchalls. Now on hold.
Under Ihe'Healthy L88d8rs' priorbty, the Dioc889 Continued to support ordained and1ay l&ader5 in their mission on¢J
ministry, ¥*th Part￿ular emphasis on vocation, training and wellbeing. Financlal 8SSiStance was also mad& availgble
to enable clergy to tak8 part in programma8 8nd events that supptsrt P8rsonal ￿lIbeIng.
Th8 DK)¢ese also eontSnued to strengthen communication across the region. The Bishop and his PA maintaln6d 8
weekly bulletin carying n￿$. gvgnts, resourc05 other updates. During the year. a nèw and rnore flexible
DSoees8n web3ite was comrnissioned and brought into use.

DIOCESE OF BRECHIN
DIOCESAN COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEAIBER 2025
Financlal revlew
The Diocese's financial posttson Is set out In the accompanying financial statèmènts. Including net gains on
investments. the gefwal fund T8￿rded a net ino)me defic4t of £11.794 for the year befor6 fund transf8r5. Whilst 8
deficlt bu¢Yget of £4,690 had b88n approv8d by both Diocesan Synod and Diocesan Coundl, ongoing legal costs
Incurred In complying th8 Scottish Govemments Register of Controlled Interests in Land 16glslation togother
with T1Ue Deed work on a Church property ￿thin tha Dlocass. contribthad in part to the increased dgficjt amount at
th8 y8ar end.
D88ign8t9d fundg refflected a major transler from the Itwergowrfe Houslng Fund Fnto propèrty following the PUTchase
ol a dergy htsusa in Dunde8 for the Invgrgowrie and Lochee post, which Is reported as an unrestrict8d 8S591 in the
balance sheet. The year also saw the recognition of a donation of £335,607 from St Margaret's Home. Dundee,
following the winding up of that ¢harity. The Diocesan Councll d&signated knesè funds tts th8 St Margaret's Ministry
Fund to support futura mink%try and mi38ion ￿1th1n the Diocese.
Restricted funds s*)tsw6d a ￿gnIficant surplus following Ihe transfer of the assets of the Lusctsmb8 B8ll8f8Ction
charity into Diocesan eontrol durinu th8 y8ar. Across all funds. values increased as a result ol modest growth in tha
SEC Unit Trust Pool.
Reserves Snereased in vÈlub during th8 year d8spI(8 thg of designated r&8erves. SLlPPOrted by ffih in thè
DioTrse's UTP holdings. Unit pri￿8 in the UTP followed a generally positlve trend, rfslng from £32.1454 at th8 8fKI
of November 2024 to £32.9354 at the and ol Nov6rTrber 2025. This also supported an increase in distribjtion rates
and therefo￿ highe¥ itKome for th& Di(tss•.
As with most parts of the scotts.sh Eplscopal Church. the Dioc8$8 romains 9XPOS8d to some volatility in gbbal
markets linked lo geopolitical events.
Updated financial management reports on unresblcted and d•signèt8d oxp8ndknr8 8gainst budget are prgsented al
each meeting of the Diocesan Counril. This close oversight helps identlfy any areas wh8rè spanding is moving
away from plan and allows èarty action n89ded. In parbcu5ar, the use ol designated reserves b support
ministry is subject to careful scruts'ny.
Rèsèrvès pollcy
The Diocese's reserves increased during the year, ￿flectIng grovAh in the value of its UTP holdir¥J8 and th8 r8C81Pt
of the assèts of th8 Lus(x)rnbe Ben8faction Fund. Th8 Dioces8n Counril considers that the level of unrestricted
reserves not designated for specmc purpos6s remaSns suffict6nt to support th8 Dioc8S8'8 current athv((￿s for a
reason8b18 P8ri0d.
The Counal's pollry Is to maSntaln thls posmon. It may also us6 reseN8s prudantly, Induding C8sh 8Ad invèstments.
to support mission and ministry PFOj8Cts, providgd that project..
be lor a fixed period of tim8',
have measurable outcornes-
b6 SUPKKJrted financially by local charg8s as w611 as thè Di0¢6S6',
be outlined in a written agreement which is communicated to Diocesan Synod and followed vp by annu
progress reports,.
Itwestment pollcy
The Diocese's investment powers are govemed by the framework of SEC Canon Law {SEC Digest of Resdutions
Item 7.1.41. Its polScy Is to adopt a medlum-risk strattrgy thAt saeks a balanced return from inc0rn8 and capital ov8r
th8 mgdlum term.

DIOCESE OF BRECHIN
DIOCESAN COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
Plans for firturè p&fiod8
The Dloe6sè's main prEorty for the year ahead is to continue supporting congr8gations in mi86ion and ministry as
they respond to ￿oI￿g pressures fau'ng churth lrfe. Continuing increases in the cost ol livlng remain a ch811gnge
for 8 number of churches.
Supporting the Bishop and other DI(￿s￿n officors in their ministry will remain a key prlorlty in both govemance and
funding. In common wrth all Scottlsh Episcop81 Church bishops, the Bishop also gives &gniftcant timè to Provin￿81
structures and actlvltlès 8S Part of the mutual support b&hveen dlocesos and th8 wider Church.
Whlle thè Diocg88n strategy of 'Healthy Church6s'. 'Héathy EnVIr￿Menr and 'Heallhy Leaders, wlll eontinu8 to
guide internal actlvty, thè rnost significant issue in the comlng y&ar will be th8 futur8 structure of mission and
tninisty acms5 the Diocese. Thls work wll consider not only the level ol financ5al support r8quir8d, but also the
most sustBinabl$ p8ttems of c18rgy deployment.
Work wntinues lo support a numb8r of varancigs wthin Dundee Cty and in th& Latsrèn(*kirk area. The Diocesan
Council has alf68dy considered several draft papers satting out possible models of mlnistry. Aknngsidè pr￿ti￿gI
considerations, this work requires s8n&￿Vity to the needs ol indlviduals and congregations. The preferred outcomè
remains th6 8UPtx)rt of stipendiary c￿rgY to lèAd S(x)ttish Episcopal church&s across thè Di0¢980 of Brechin.
structure, govemanc• and managernent
The DI0￿Se is ona of s8v8n dioceses within th& Scottish Ept8o7pal Church and is govemed by tho Church's
Canon8. Within the powers and limrtations 89t by those Canons, th¢ Dioc8s8n Synod is the principal goveming body
of th8 Di(Ke8e.
Under the constituts.on of the Dioc888n Synod. adopted In October 2025. the Di(￿*S0 has up to twtrlve charity
trustees.. the B*5hop, the Dean, the Di0￿san Secretary, thg Diocesan Tieasurèr, atKI up to four dergy and four lay
members elected by Di0￿88n Synod.
As the board of tNstge8, the Diocesan Council over8ees the strategic direction ond life of the Dlxese on behalf ol
Diocg8an Synod in mattèrs of mission and rninlstry, financè, property, and matters referred from the General Synod.
The Dlocesan Buildings Committee rèports to the DicKesan Council and operates under Canon 35 in r618tion lo
consent for altwations to church buildings.
The Dlocesan Prop8ty Trustees who sew8d from 1st December 2024 tr) 30th November 2025 were..
Thé Bishop, The Right Revd. Andr8w Svit(
Thé Chancellor, Sheriff George Way ol Plean
Th• R8gistrar. Mr John G Tho
Th6 D&8n, The Very Rev¢J. Kenneth Gibson
Tha Bishop is elected by tha ellgible clergy and lay representatives of th& Dioe089 in accordance ¥￿th Canon 4 of
the Canons of the S¢xJttish Episcopal Church. The Dean hol¢Js officg under Canon 43. Tha Ch8ncellor is appointed
by thè Bi8hop under Canon 61, Re3olulon 4, arhd th9 Rggislrar under Canon 61, Resdution 5.

DIOCESE OF BRECHIN
DIOCESAN COUNCIL'S REPORT ICONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
v￿er th& Dlocesan Con$t￿tiOn, the charlty trustees are the memb&rs of the Diocesan Council. The charity Irustses
89rving from 1 December 2024 to 30 Novemb8r 2025 wérè..
Exvofflclo trustses
The Bishop. The RKJht Revd Andrew Swift
Th8 Dg8n, Thg Vory Revd Kenn8th Gibson
Dioe6san Sacr8t8ry, Dr Jaap Jacobs
Diocesan Treasurer, Mr Bob Main
El•et4d elargy r•près•ntatlv•s
The Very Revd. Roxanne Campb811
Thè R8vd Canon Mary Jepp Iresignod tsn 30 Novambar 2025 on r&tlremantl
The Revd Pete Mead lelected on 1 March 20251
Thè R8vd. M8Tk-Aaron T15dal
Electod lay ropre8entstlvos
Mr Getsffrtry Bell
Professor Susie Schofield
Profassor Patar Sharp 08E
Mr Edward Stansfeld (term ofolfice ended on 1 March 20251
Mrs Judy Stnth (elected on 1 March 20251
The Bishop hos salved since August 2018 an¢J is elected by eligible clergy and lay ￿preSentativeS in accordance
with C8non 4 of thg C8non$ of th8 Scottish Eplscopal Church. Thè Dean has sarved slnce August 2023 and Is
8PPOinte(I by the Bishop under Canon 43. The DI0￿$an Secretary and Diocesan Treasurer are appointed annually
by the Diocesan Synod. Clergy and lay represent8bvgs on the Dioo958n Couniil are 8lect8d by Di(Kgw Synod ft)r
thr8e-yeaT terrns, r8n8wab18 onc&. in aceord8ncè with th6 Constrbjtion of the Diocese of Breehin.
The Diocesan Councils report was approved by the Dioc88an Council.
Th8 Bishop, Tha RvJht Rgvd. Andr&w Swfft
DI0￿5#n Council
I.I...AMS..2u.Z.6...

DIOCESE OF BRECHIN
STATEMENT OF DIOCESAN COUNCIL'S RESPONSIBIUTIES
FOR THE YEAR ENDED 30 NOVEMBER 2025
The Dlocesan Council 8rg responsible f￿ prèparing the Di(Thsan Councivs Reprh1 And the finarncpl statements in
accordanc* ￿th applic8bl8 18w and United Klngdom AcL¥wnting Stsndar(Is IUnit&J Kfngdom G8n8r8lly A￿ePtsd
Accounting Praoticel.
The law applica￿8 to eh8rlti8s in Scotland requlr6s tha Dloewn Council to prepare financial st*rngnts for each
financial year which give a true and fair vigw of the state of affairs of thè ch8rity and of the incoming resour￿ 8fKI
applicatlon of rasour¢es of the charity for that y88r.
In p￿paring these financial statements, thg DKJcesan Council are rèquirÈd to..
select sultable accounting pdicies atKI then apply them consistentty..
- obsérve the methods and PTinciples in the Charities SORP..
- make judgements 8nd estimates that arè roa50nable and prudent.,
- state whether appllcable accounting standar¢Js havè b8èn foslowed, subject to any m8tsri8l departures disclos￿1
and explain8d in Ihe financlal st8tèm8nts,' and
prepare the financial statements on thè going tr)ncem basis unless it is inappropriate to presutro that tha ¢harity
will wntinue in op&raYon.
The Diocèsan Counial are responsibl& for keeping sulftcient aecokknting records that disdosè with reasonable
a(Luracy at any tim6 th8 ffnancial position of th8 charity and enable t￿M to ertsure that the financial st8tèTnents
comply with th8 Charitles and Trustsg Investment Iseouandl Act 2005, the Charitiès Acwunts Iscotlandl
Regulations 2(X)6 and the provisions of the trust deed. They arè also responsible for safeguÈrding the assets of the
charity and hence for t&king reasonable steps forthe prevention and detection of fraud and other irregul8rthe8.

DIOCESE OF BRECHIN
INDEPENDENT AUDITOR'S REPORT
TO THE DIOCESAN COUNCIL OF DIOCESE OF BRECHIN
Oplnlon
We have audited Ihe flnanclal ststements of DI0￿se of Brechln lthe'charlty'l for the year ended 30 Novomb6r 2025
which eornpris8 the ststerngnt of fin8nci81 adiwti88. the balance she8t and notes to the financial statements,
In¢ludlng $Sgnlficant accounting poTici0g. Tha finÈndal rsporting framèwork that has be8n appli8d in their pr8P8ration
15 8pplic8ble law and United Kj'ngdorn AG￿ntir￿j Standards. induding Financial Reporting Standard 102 Thg
Financial Reporting St8ndBrd appllc8bla In Iha UK and R8publlc of ltsland IUAit*d Kingdom Generally Accepted
Accounting Practice).
In our opinlon, the flnancial statements..
give a true and fair view of thè stat• tsf thè tharty's affairs as al 30 Novernber 2025 and ol ils ino)ming
r8sourc88 and application of resources. for the year then 8nded',
havg been propedy p￿Pared in accordance with Unlte¢J Kingdom Generally Acceptod AceountirYJ Practi￿,.
and
have been prepared in accordancè with thè Charitigs and Trustee Investment IScoUandl Act 2005 and
regulation 8 of the Charities Accounts Iscottatvj) Regulations 2(106.
Basls for oplnlon
Wè conduct8d our audit in accordance with International Standards on Auditing IUKI IISAS IUKII 8nd applicab19
w. Our responsit)illties under those stan¢Jards are lurther described in the Auditors responsibiliti9s for the audit ol
the financial ststenwnts section of our report. We are independent ol tha charity in accordancg with the ethical
requirements that are relevant to our audit of th8 fnancial st8t8m8nts in the UK. induding the FRC'S Ethlcal
Standard, and we have fulfilled our other ethical responsibilities in accordance with thès6 raquir8m8nts. W8 beli8Vg
that the audit evidence w& have obtained Is suffluènt 81x1 at4)ropri*g to provide a basis for our opinton.
Conelusions relating to golng concern
In audtbng the finaneial statements, we have concluded that the Dlocesan Councifs u$8 of tho going concem ba313
of accounting in the preparatkon of th& financial Statemènts is appropri8t8.
Based on Ihg work we have performed, we have not identified any mat￿￿81 unc6rt8intia$ relating to ev8nls or
nditlons that. indlvidu£lly or co118CtiV81y. may cast signtfi¢ant doubt on the charitys ability to contlnue as 8 going
oncgrn for a period of at leasl ￿e1Ve motths from when the financlal statements are authoris9d for issue.
Our responsibilities and th& responsiblllfjes of tho Diocesan Counul with re¥)8d to goi￿ con¢em are descrlb8d in
the relevant sections of this r8POrt.
Other Infomiatlon
The other information comprises the infomation inclu¢Jed in the annual r&port oth8r than th& fi￿ar￿181 statornents
nd 0￿r 8ud*torfs report thgreon. The Diocesan Council are responsible for the other Infomation coniainèd within
the annual report. Our opinion on the Iinaneial statements does rK)t ctsver th8 Oth8r information and we do not
axpress 8ny form of 8ssuran¢g wnclusion thereon. Our responsibilty is to read the other information and, in doing
so, consider whether the oth6r Infomation is matsrially in(x)n515tglll with the fin8ncdal staternents or our knowledge
obtained in the course of the audft, or otherwise app&ars tr) ba mat8riolly rnisstated. If we identfy such material
inconsistencies or apparent material misstatements, we are requlred to ¢Jetermine wh8th8r this giv8S ris8 to a
materlal mlsstatement in Iha financial stat8rnaAts Ih8m3elv85. If, based on the work we have perf0M￿d. we
ndude that there is a material mlsstatement of this other Information, wa ara raquir8d to report that fact.
We have nothing to report in thls regard.
attors on whEeh we am requlred to report by exceptlon
Wè havg nothing to report in r88pect of the following matter8 in relation to whrch the Charttles Puounts (Scotlandl
Regulations 2006 requi￿$ us tr) report to you if, in our opinion..
the inlormat5on given In the finanaal statèments is inconsistént in any m8t8rial respect with the Diocesan
Counol's report., or
proper accounting rec(￿dS have not been kept,. or
the financial statements 8r8 not in agr88m8nt with ts a¢{￿)Unting rg¢ords" or
we have not received all the infomiation and explanations w8 wuir8 for our 8udf(.

DIOCESE OF BRECHIN
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE DIOCESAN COUNCIL OF DIOCESE OF BRECHIN
Rospon8lblllU•s of Dlo¢esan Councll
As èxplain8d more lully in Ihe statement of Dioc8san Coun¢il'$ rgspons1bilit￿s, the DKJcssan Council are
responsible for the preparation of th8 financial statsments aThJ for being $8tisfi8d that th8y give a true and fair M8W.
8nd ft)r such internal control as thè DI￿san Council deterniine is necessary to ènab18 th& prep8ratson of financial
stat6m&nts that are fr88 frorn material misststem&nt, whothor duè to fraud or error.
In prap8ring the fjnancial statements. thè Di0¢8san Coun¢il are responsiblè for ass8s8ing the charitys ability to
continue as a going concgrn, disclosing, as appllcable, matt8rs r8lated to going concern and using th8 going
conc8m basis of accounting unl&ss thg Diocgsan Counol either intend to rAas9 OPgr8tion8. or have no mlistlc
a￿ematIv￿ ￿t to do so.
AudltorfB responslbl11tl￿ for th• audlt of the ftnanclal statfrmonts
We have been apwinted as auditor under section 4411llcl of th8 Charities and Trustee Investment (Scotlandl Act
2005 and report in accordanca th8 Act and relevant regUla￿On5 madè or having effect thereund8r.
Our objectives afe to obtain r8880nabte assurance about whèthèr th8 finanryal statements as a Who￿ are frè& frorn
atgri81 misstatement, wh&ther duè to fr8ud or error, and to issue an auditorfs r8PQrt that includes our opink*n.
Reasonable assuranc8 18 a high level ol assuraneè but Is not a guarantee that an audit corKlucted in 8ccordance
with ISAS IUKI wll always d8t8Ct 8 material misstatement wh6n it 6Xsts. Mis8tatements can arise from fraud or
•rror and arg considered material il, indwiduolly or in the aggregate, they could r6&sonably be expected to infiuenc
the economlc dècisions of users taken on the basis of thé88 firb8nciai statements.
Tha èxtant to which our proced¢j￿$ ar& eapabb of detecling irregularftl&s, IndudlThJ fraud, is detailed belryrt.
At the planning stsge. wtr ass8S$ the risk of material misstatamant and any such irregularits.es and dasign 8udlt
procedures tailored to these rtsks which w¢ll be lolknwed.to a￿$Ure that we are capa￿e of Me￿ng
responsibilthes in this area.
Factors relevant to our ass&ssmont, whlth have a positive impaci on th$ capability of our prwedures to d8t8ct such
Irregularitl69. ar8 th8 size ol Ihe entlty, th6 ￿mpleXty of the entitls 0￿ratIonS and our understanding of thelr
regulatory and coThtrol environments.
The staff wor￿n9 on this audit assignment hav8 bagn fulty briefed in relation to th8 ch8fiVs a(knties, indudlng the
règulatory regime in whlch th6y oper81e.
A8 part of an audlt in hcujrdance with ISAS IUKI, wè axe￿189 professional judgemènt and maintain profes&onal
sc6pt¢eJsm throughout the audit. Wè 8190..
Id8ntty and assess the risk5 of material misstatement of the financ4al statements. whether du8 to fraud or error.
design and pèrform audit procedures r¢sponsive to Ihose rfsks, and obtain eMd8n¢e that is suffiaent and
appropriat6 to provide a basls for our opinK)n. The rfsk of not detècting 8 material misstatement r&su￿n9 from fraud
is higher than for or)8 resulting from orror. as fraud may involve collusion, forgery. intentional oMi￿10n3,
misMprg8enlations, or th& overridg of intemal control.

DIOCESE OF BRECHIN
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE DIOCESAN COUNCIL OF DIOCESE OF BRECHIN
Obtain an undgrstsnding of internal control re18V8nt to the audit in ord9r to design audit procedures that arg
appropriate in the CircuMstan￿S. but not for the purpose of expressing an O￿nIOn on the effectiveross of the
int8mal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of aco)unting estimates and
relatad dlsclosuros madg by thg dirg¢tors .
Evaluatè the ova¥all pr8sèntation, 5tructurg 8nd content of the ffinancial stalemgnts, induding the disclosures,
and whether the financial statements Tepresent the underlying transacts.ons and events in a manner that 8¢hièv6s
tsir presentatton.
W8 o)rnmuni¢ats with those ¢harged with govemance regarding. among other matters, th& planned scopè and
tlming of thè audit and significant audit ffinding8. induding any signific8nt defiaencies In internal o)ntrol that we
lentrfy during our audit.
A further descripUon of our rs$pon8ibilth¥$ 1$ available on Ihe Financial Reporting Council's website at.. httpsjl
vww.frc.org.uklaudltorsresponslblllts.es. Thls descrlptlon fomis part of our au¢JitortS faport.
other matters
Your attention is drawn to the fact that the charity has prepared financial staiements in accordance with'Accounts'ng
and Rèporting by Charities.. St8tèrn8nt of R￿0￿m￿nd8d Pradice applic8ble to charities preparing their accounts in
accordance wth the Financial Reptsrting Stand8Td applicablè in th8 UK and Republic of Ireland IFRS 1021" 188
8rn8ndedl in pr8f8r8nc8 to the Accounting and Reporting by Chariti88: Statgment of Recornmond8d Pracbc8 issued
on 1 Aprll 2005 which Is referred to In the extant regulat￿nS but has now beèn withdrawn.
This has baan donè in ord8r for th8 finanaal statèm8nt8 to prwdg 8 trug 8nd fair vigw in a¢￿dance with current
Generally A￿epted Accwnting Practice.
U50 of our report
This reFk)rt is rnade solely to the charty's trustees, as a body, in accordance with Regulation 10 01 the Charitles
Accounts (Scotlar￿) R8gulations 2006. Our audit work h8s b89n und8rtak8n 50 that we might 8tatg to the charitys
trust8es those matters we are required to stats to thern in an audrtor's report and for no other purpose. To the fullest
8Xtent pwmittèd by law, w8 do not accept or assumè rèsponslbility to anyone othar thar> th8 chanty and th8 charity'8
trustees as a body, for our audrt work. for this repwt, or forthe opSnlons we have forrn￿.
Murrny
alg0
.A. (Sonlor St•tut•ryAudltorl
For and on bgh8lf of bk plu$Audit Limit8(l. St8tutoryAuditc*
144 N8th8rgat8
Oundee
DD14EB
20
bk plus Audit Lirnited is eligib￿ for appointment as auditor of the charity by wrtue of its eligbility for appointment as
auditor of a company under secth)n 1212 01 the Companies Act 20(￿.

DIOCESE OF BRECHIN
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2025
Curront flnanclal yèar
Unrgstrlct8d Unr•$trf¢t•d
funds
funds
general doslgnatsd
2025
2025
Rostrlctod
funds
Total
Total
2025
2025
2024
Nots8
Incomo from-
Donations and legaoes
Inv88tmgnts
142.780
17,108
335,607
27,850
352,758
37.837
831,145
82.795
201.832
74.350
Total In¢om•
159,8B8
383.457
390.595
913,940
276.1&2
Expondltur• on..
CharitAbl8 actiwties
183,248
25.910
291.738
321,859
Not gains on investments
10
11.566
18.051
28.926
56,543
369,221
Net Incomèllèx￿ndlfUrel
111.794)
355.598
334.941
678.745
323,544
TransfoTr btheen funds
368.080
1368,0601
Net mov•m•nt In fund¥
356.266
{12.4621
334.941
678.745
323,544
Fund balancès * 1 December 2024
390,665
1,688.400
1,276,753
3.355.818
3,032,274
Fund balan¢efj at 30 Nov•mbor
2025
746,931
1.675.938
1.611,694
4.034.563
3.355.818
Th8 St*emenl of finandal acOwtie8 includes all galns and10sses recognlsed In tha year. All incorne and exp&ndiLur9
derive from ¢ontlnuing activltt&s.
10-

DIOCESE OF BRECHIN
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2025
Prlor finonelol year
Unrnstrkted Unr6strlct8d ROSt￿¢t9d
funds
fvnd¥
funds
oènèral doslgnated
2024
2024
Total
2024
2024
Income from:
Donations and lèg&É$8
Investments
141.424
16,913
60.408
32,950
201.832
74,350
24,487
Total in¢ome
158.337
24.487
93.358
276.182
Expendlturè on:
Charitable actwities
200,503
52,433
68.923
321.859
Net galns on Inv8stm6nts
10
67,621
128,610
172.9SYJ
369,221
Ngt movement In funds
25.455
100,864
197,425
323.544
Fund balances at 10acemb•r 2023
365,210
1,587,736
1,079,328
3.032,274
Fund balane•s at 30 Novemb8r 2024
390.665
1,688,400
1,276.753
3,355,818
11

DIOCESE OF BRECHIN
BALANCE SHEET
AS A T 30 NOVEMBER 2025
2025
2024
Not•s
Flx•d a8s•ts
Tangible assets
Investments
12
13
1.152,613
2.486.945
784.723
2,589,191
3,639,556
3.373.914
Curr•nt a$s¢t•
D8btors
Cash at bank and In hand
15
352.849
189,379
6,629
111,268
542.228
117.897
Cr•ditorn: amounts falllng due wlthln
one year
16
1147,2151
1135,6541
N•t eurrent asset8llllablllll•81
395.013
117,7571
Total assets l•s¥ eurrgnt Ilabllltles
4,034,571
3.356.157
Credltors.. amounts falllng due aft•r
more than ono yèar
17
181
13391
N•t ass•ts
4.034,563
3,355,818
Thg fvnds ofthe charlty
Reslricted incom6 funds
Unrestricted funds- general
Unrestri(tsd fvnds- designated
1,611,894
746,931
1.675.938
1.276,753
390,665
1.688,400
19
4,034,563
3,355,818
The finandal st8tèmgnts were approved by thè Diocesan CounLyI on
The
Islv)p, Th8 Right Revd. Andr&w SvAft
Dlo¢•san Councll
12

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
Ae¢ountlng pollel••
Charlty lrtforniAtlon
Th& Dioces6 of Brechln Is a registered eharfty wlth th& Offlcè of Scottlsh Charlty Regulator IOSCRI.
1.1 A¢countlng ¢onventlon
Thg financial statements havg been prepared in ac￿r￿anC8 with th8 Charitys constitution, the Charities 8nd
Truste& Investment (Scotlandl Act 2005. the Charit￿$ Accounts Iscollandl Regulations 2006 las èm6ndadl
and 'A￿ntIng and Reporting by Charities.. Statement of Recornmended Practice applicable to charities
pr8paring th8ir accounts in accordanc8 With th8 Financial R8POrting Standard 8ppli&9bl8 in th8 UK and
Republic of Ireland IFRS 1021 (effective 1 January 20191. The charity is a Public Benefit Entity as ¢Jefined by
FRS 102.
The Charity has takeo advantsge of the proM$ions in the SORP for charities applyng FRS 102 Update
Bull&tin 1 not tr) pr8par& a Statement of Cash Flows.
Th• ffnand81 statèmènts have departed from tha Charitlès IAcctyJnts ènd Rèptsrtg) R&gul8titsns 2008 only
the extent required to provide a true and lair view. This departure ha6 involved following the Statement ol
Recommended Practice for charitie3 applying FRS 102 rather than the version of the Statement of
R8commandèd PrdctieA whi¢h Is r8f$rr8d to in th6 R8gul8tions but whith has 5inco boon withdrawn.
The financbal statements afe prepared in sterling, which is the functional currency of the charity. Mon8tary
amounts in these financial statements are rounded to the nearest £.
The financtal StateM￿￿S have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment Properbes and certain financFal instruments at fair
value. The principal accounting poliaes adopted are Set out below.
1.2 Golng concern
At the dme of approving the financial statements, the Dlocesan Council have a reasonable expectation that
thg ch8rity h85 ad8qUate reSOU￿&S to ￿ntInu8 Iri op8181*onal 8XiSt8ncè for th8 for85888ble futur8. Thu5 th8
Di0¢gsan Counal CO￿nu￿ to adopt the going concem basis of &counting in preparing the fnanclal
StateM￿S.
1.3 Charftsble funds
Unrestricted funds are avail8ble for u¥9 at Ihè dlscrgtion of th8 Dioc8san Coundl In furth8rydnc& of th8ir
charit8bl8 objectiV85.
Designated funds comprfse funds whlch hav& been set aside at the di8cretion of the Diocesan Council for
specific purposes. Th8 puTro588 and u888 of th8 désignatod lunds ara sèt out in thé notes to tha financial
stat8tn8nts.
Rèstricted lunds am subject to specffic conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in thg notes to Ihe financial statements.
1.4 In￿￿0
Donations, legacies and similar incorne 8r8 a(xount8d for wh8n the Dioc8S8 ￿(%)M&s 8nttU8d to th8 incomè
8nd a r81iabl8 8stim8t& of tha amount to bè r￿1Ved con be made. Gift Aid recoverable is accounted for on an
accrual basis.
Cash donations are recognised on rgC81Pt. otheT don8tions ar8 r8cognised onc8 th8 ch8rty Vtas bèèn notlfiod
of thè donation, unl&ss performance conditions require deferral of the amount. Incorne tax recoverable in
relation to donations received undgr Gift Aid or dgods of ￿)￿nant 1$ rècogni$￿1 at th6 fjmo of tha donatlon.
13-

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
Accounting poll¢le8
Icontlnuod)
Legacl$s s￿ recogni8ed on receipt or othèrws& rf the charity has be&n notth8d of an impending distribution.
the amount is known. and receipt Is expactèd. If the amount is not known. the legacy is treated as a
continggnt asset.
1.5 Exp•nditur8
Expenditur8 is rerJognis8d once th￿$ 1$ a legal or constructiv& oblig8tion to transfer economlc b&n&fft to a
third party. is probable that a transfer of 8(x)nomi¢ benefits will be requir$d in sethement. and the amount of
th9 obligation can be measuF8d reliably.
Expenditure is d8ssif18d by activity. The costs of 8ach activity are made up of the totsl of direLt costs and
sh8r8d wsts. including support rx)sts involved in un¢Jertaking 88th adivity. Direct costs att￿bUt￿Ne to a single
activity ar& allocated directly to that acowty. Shargd costs which contribut8 to rnore than one activity and
support costs whieh ar8 not attributable tr) a single actiwty are apportlonad batween those actimties on a ba%$
consistsnt with the uss Of resou￿e5. Centra1 staff costs are allocated on tha basis of time spent, and
depreclation Charges are allocated on the portion of the asset's us8.
All expenditurè 1$ included on an accrual basi8 and 13 recognised vth8n there is a legal obIlga￿On to Pay for
èxpenditure. Irrecoverab18 VAT is induded in the rèlatèd 8XPgnditure.
1.8 Tanglble flxed a5￿ts
Tangible fixed assèts 8re initi'ally measured at co8t and Bubsequenuy m$&8ured al ¢))st or valuatlon, r*t of
d0pr8￿&ti0n and any impalm8nt lo88es.
Oepredation 1$ rgcognised so as to WTts off the cost or valuatiorb of 8ssets less thelr rasi¢Jual values over thelr
useful lives on th& ftsllowing bases..
Frè8hold land and bulldltvJs
Fixtures and fithngs
20% RB
Th8 gain or loss arfslng on the disposal of an asset is determlnad 85 the differencè b8tW8en the *le
pro￿d$ and the carrying value of th8 asset, and is reeognisgd in the statement of finan￿al activiti6S.
1.7 Flxod ass•t Investsnents
Fixed asset Investrn8nts are inldally m888ured at transaction price exclu(Jing transaction costs, and arg
sub59quentty measured at fair value Bt èach reporting dat6. Changes in lair valuè aro rerjognised In nat
incomellexpenditurel lor the yèar. Transaction c(>sts 8r8 8xpensed as Incurr8d.
1.8 Impalrnient of flx•d 85s9ts
At 88ch reporting ond d8t8, Ihe charity rewgws the carry(ng amounts of Its tangibl8 assets to deterrnine
whether th8r8 is any indication that those assets h8V8 suffered an imp8irment loss. If any such indration
gxlsts, the recoverable amount of th9 asset Ls estimated in order to detamin8 th8 extent of tha impairment
loss lif any).
1.9 Cash and cash equivalents
Cash and cash 8quiv81ents Includ& e88h in hand, d8posts held at call with banks, other short-term Ilquld
investm&nts with original maturities of thro6 months or less, and b8nk overdrafts. Bank overdrafts are shown
within borrowings In current liabiliti&s.
14-

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
A￿oUntIng pollcl•s
Icontlnuedl
1.10 Flnanclal Instruments
The charlty has &lecied to apply the provisSons of Sectlon 11 'Basic FSnan¢lal Instrum&nts' and SeotHJn 12
'othèi Financial Instrumonts Issu6s' ()f FRS 102 t() 811 of its fin8ncial instrutnents.
Flnancial instruments are recognised In the charltys balanc4 sheet when the charfty becomes party to the
cOntraCt￿al provisions of thè instrument
Finan￿81 8588t8 and liabilitses 8r8 offs8L with th8 n8t amounts pres8nted in the fin8ndal slatements, when
there is a legally enfor￿able right to set off the recognised amounts and there Is an Int&nfjon to s6ttle on 8
net basis or to r8alise th8 ass8t and s8tt18 the liability simultaneousty.
8a¥k fin8nclalassets
Basic financial assets, which includè debtors and eash and bank bal8nc85. arg inthalty mgasured
transaction pric8 induding transaction costs and are subsequently carried at amortised Cost using the
effective interest method unless the arrangement COnst￿uteS a Inancing transaction, where thè transaction is
measured al the present value of the future receipts discounted at a market rate of interest. FlnancAal assets
classif16d as r6c&N8bl& within on& year8rÈ rK)t amotb$ad.
BaslG flnanclal Ilabllltlos
Basic financial liabilities, including creditors and bank loans are in1tial￿ Tecognised at transactlon prfee unless
the arrangement consututes a financing transactlon, Whe￿ the debt instrument Is measured 8t the prèsènt
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
thin onè yèar arè not arnorlissd.
Debt Instruments ar& Subsequently carrted at amortised cost, using the effectlve intsr&st rate method.
Trada credltors are obligations to pay for goods or setvlces that have been acquired In th& ordinary Course of
operations frorn suppliers. Amounts payable are Classified as current liabilities if payment is due within one
year or less. If not, thèy a￿ presented as non-currènt liabil￿e$. Trade creditors ère r6e(MJnis8d initialty at
transaction price and subsequently measured at amorbsed c4Jst using the effective int8rest method.
Der8cognltion of flnanelèl Ilathlit18S
Financial liabilities 8r8 d8récognis8d whèn the charity's contractual obliga￿0￿5 expir6 or are discharged or
cancelled.
1.41 Employ0• ￿rt•fits
Th8 Cost of any unuséd holiday s￿￿tI•M0nt Is racognisad in tho pèrfod In whlch th8 ampl0￿,5 s&rvlcas 8ra
received.
T8mination b8n8rrts ar8 racognis•d immediately as an expens6 when the charty Is domonstr8bly eommltted
to teminale the employment of an employee or to provide temiination benefits.
crftle•l a¢¢ountlng •stlmat•s and ludg•monts
In thg application of the charity's 8C(x)unting policiès. the Di(>cèsan Council ère roquired to make judgernontg.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
Irom other sources. The estymatg8 and associ*8d assumptions ar8 ba88d on hi5tori(¥l éxpgriOllCg and oth9r
factors that ara considarod to bè m16vant. Actual resuts may differlrom these estimates.
The e3timatg$ 8nd underfying 885UrnPtions are remewed on an tsngoing basis. R&wsions to accounting
estimates are recogniserj in the period in which the estimate is revised wher8 the revision affects cnly that
period, or in Ihe pgri(xJ ol Ihg r8vision and frrture ￿riOdS where th8 revision 8ff6ds both cuffant and futur
p8ritxls.
15-

88
(y
4 0
(Do

Of¢D
(ryor

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
Charltablo acllvltl•8
Charltabl• Ch8rltsble
adlvlti
actlvltles
2025
2024
Staff costs
Depreciafjon 8fxI irnpairment
Ministry
Sundry payments
Quots to General Synod
Bishop's expenses
Grants
Rental expenses
102,390
170
4,468
8,352
47,925
7,247
90,662
11,0271
104,376
212
4,792
2,426
46,761
12,858
100,790
1.276
2eA).187
273.491
Shar8 of Support costs (see note 61
Share of govemance c05ts1889 note 61
6,067
25,484
3.409
44,959
291,738
321,859
Anal￿1$ by fund
UnFestrictsd funds- genor81
Unrestricted funds- desYJnated
Restricted fun(ts
183.248
25.910
82,580
200.503
52,433
68,923
291,738
321,859
8upport costs
Support Governanco
osts
costs
202SSvpp(Kt (x)sts Govemance
2024
Account8rbcy and
Bookkeeping
off￿ (x)sts
1.110
4,957
1.110
4,957
1.020
2.389
1.020
2.389
Audit f688
Ac(x)untan¢y
L6g81 and professional
11,028
5,298
9,158
11,028
5,298
9,158
10,410
4,328
30,221
10,410
4.328
30.221
6,067
25,484
31,551
3.409
44.959
48,368
Analysgd be￿88n
Charitable athvlts"6s
6,067
31,551
3.409
44,959
48,368
18-

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
Not movement In funds
2025
2024
The n81 movement in funds is 3tated after Char￿n￿{crediting)'.
Fèas payablè forth& audit ofthg charitys finanry81 staternents
Depreciation of owned tangible fixed asseis
11,028
t70
10,410
212
D10c•￿n Coundl
The Blstiop. The Right Rwèrsnd Andrèw Swrft. 18 8 Tru8t89 of Diocg88 of Brgchin. In the year he received a
Stipend of £51.297 12024..£49,1841 and penslon contributions of £7,804 12024..£10,5581. He also recwved
Iravelling and te5ephone expenses of £3,12112024'.£1,9321, and manse expenses of £4.12512024..£10,9251-
EmploY￿S
The average monthly number of empbyees during tho y6èrwa$'.
2025
NuM￿r
2024
NuThb8r
Employm•nt ¢osts
2025
2024
W8gg5 and salaries
Other pgnwon costs
86,773
15.617
83.211
21,165
102,390
104,376
Th8r8 w9r8 no empl¢)yegs who¥é annual rémun8T81ion w88 Inor8 than £60,000.
19-

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
11 Taxatlon
The tharity is exgmpl Irorn tsx on inci)mè and gains fa114ng wlthln section 605 of the Tax&sAct 1988 or section
252 olth$ Taxatron of Charggable Galns Act 1992 to th8 extent thatthese are applied to its charitable objects.
12 Tanglbl• fixod assèts
Fr¢ohold lond Flxtures 8Nt
ond bulldlngty
fltdfigs
Cost
At 1 D8￿rnber 2024
Addits'ons
783,873
366,060
10,208
794.081
368,060
At 30 Novemb&r2025
1.151,933
10,208 1,162,141
Depreclatlon and Impalrmont
At 1 Decembgr 2024
Depreciation d￿r9ed in the year
9.358
170
9,358
170
At 30 Novsmbèr 2025
9,528
9,528
Carrylng amount
At 30 Nov8mbar 2025
1,151,933
680 1.152,613
At 30 November 2024
783,873
850
784,723
The valuation of the properties were made as at 30th November 2021 tsy J&E Shepherd, Chartered
Surveyors, on an open market basis. 3 Martin Place. Stonehaven was purchased on 14th Jung 2021, at a
cost of £278,873. 2 Str8thgray Road, Dund88 was purchas8d on 24th Cktot4r 2025. at a cost of£388,060.
13 Flxed asset Investments
Unllst•d
Investments
Cost orvaluatlon
At 1 Dg¢eml*r 2024
Additions
Valuation changes
Disposals
2,589,191
249,521
50,822
1402,5891
At 30 November 2025
2,486,945
Carrylng amount
At 30 November 2025
2.486.945
At 30 Novembsr 2024
2,589,191
21

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
13 Flx¢d a¥￿t In¥￿tmonts
Icontlnuedl
majority of lh6 InvastrTf8nts are held in the Sc¥)tt&sh Epi8(x)pal Church Unlt Trust Pool. Th9 Vnf( Trust Pool
was ostsbli8hed by the Investmènt Comrnittee of the Goneral Synod to bring togeth8T th8 disparate
investments of thè various funds of Gèn8ral Synod, the Di0￿Se$ and thg individual cOng￿gationS of the
Churth to enable tt&sa to b8 rnanaged professlonalSy. Thg Unit Trust Pcx)l is ther8for8 purely an invostment
vehid8 of the So)tt*sh Episcop81 Church. Most ol the in￿tr￿entS in the Unit Trust P(K)I relate to UK
investments.
14 8IBhop'g Crozl•r
The Dlocasè hold3 r8sponslblllty for Insuring th8 Bishop's Crozler, a eèrgmonial ecdeslasdcal it8m usod in the
ministry of thè Bishop. The crozier is own8d by the DI￿Se but is not recognized as an asset in thgse
financial ststements as th8 original cost is immatari81 in the ¢x)ntext of the 2025 accounts. The item is indudod
thln the Dioc858'$ insurance arrang6m8nts and is Insured for approximately £56.000.
15 Dgbtors
2025
2024
Amounts falllng duo wlthln on• year..
Trad8 d8btors quota
stipend support
other debtors
Managed funds
1,647
9,600
338,958
1.553
1,466
352,849
8,629
16 Credltors: amounts falllng due wlthln on• y•ar
2025
2024
Oth•r t8X8tion and social sacurty
Stipènd support
Managed funds
other creditors and 8ccrual3
5,202
2.865
39.429
99,719
4.612
4,417
39,429
87.196
147,215
135,654
17 Cr•dltor¥'. amounts falllng due aft•r mor• th4n one year
2025
2024
Catterlln& ban
339
Thè Diocese has coma to an arrang8m8nt with the Catt&rlinè i*urch in th8 summer of 2022 and h8$ repaid
some ofthis surn earfy.

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DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
21 R•latod party tran8actlo
The remuneration of key management personnel, who are also trustees, is as follows.
2025
2024
Aggregate compensation
61,027
60,553
During the year the charity ente￿d Into the following transactions with related partie$.'
Quota was assessed on various charges and detsils are as follow5- with the Trustees noted- the charge they
are also trustees of- the quots asse&8ed for the year- and the amount prepaid or oustanding al the year end..
Professor Susie SGhofield, The Diocesan Secretsry Dr Jaap Jacobs. The Diocesan TreaSu￿r Mr Bob Main, The Very
Revd. Roxanne Campbell and Ms Alison Taykn- The Cathedral, Dundee - £29,280 - £720 overpaid
The Revd. Canon Kenneth Gibson - St Mary Magdalene's Church, Dundee and St Ninlan's Church. Dundee and Mrs
Ju(ly Struth Sl Mary Magdalene's Church, Dundee- St Mary Magdalene's -£10.030- £200 prepaid,. St Ninian'$-
£3,935
The Revd. Canon Mary Jepp - St Teman's Church, Muchalls and St. James Church, Stonehaven- St Ternan'$-
£4,475 - Sl James £6,610 . £667.20 prepaid
Mr Edward Stan$feld- St Mary & St Peter Church, Monlr08e- £6,360- £764 outstanding
The Revd. Mark-Aaron Tisdale- St St Mary's. Broughty Ferry- £10,532 - £285 prepaid
Professor Peter Sharp - Sl J8mes Church. Stonehaven £6,610- £667.20 prepaid
Mr Geofftey Bell - Sl Teman's Church, Muchalls- £4,475
The Rev'd Pete Mead- St Mary's A￿roath and St PeteffsAuchmithie- St Mary's £5,252- Sl Peterfs £85
The Rev'd Lynn Davidson - St Margarevs Dundee and All Souls Invergowrie- St Margaret's £2,484 - All Souls
£3,852
See note 24 for Stipend support paid lo various churches.
During the year. the Diocese recognised a donatlon of £335,607 from St Margaret'$ Home, Dundee, following
the winding up of that Charity after the sale of its care home and the approval of tts dlssolulion. Under the
goveming document of St Margaret's Home, the remaining nel assets were required to be tranSfer￿d to the
Diocese of 8rechin on winding up. The amount was recognised as income and included within debtor8 al 30
November 2025, with the funds subsequently received in Decemter 2025. The donation has been designated
by the DI0￿San Council lor fvlure ministry support through the St Margaret's Ministry Fund.
The Bishop, The Dean, The Registrar and The Chancellor were also trustees of St Margaret's Home.
Accordingly, the transaction is disclosed as a related party Iransaclion. The trustees received no personal
benèfrt from the transaction.
-28-

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
22 Quota
21125
2024
Quota reCeIvèb￿ from Churchss
Paid to Gen¢ral Synod
119,947
47,925
119,947
46,761
72.022
73,186
Summary of Quotas
Quota due for 2025 are as follows..
Arbroath, St. Mary's
Auchmithi&. St. Ptrt8rfs
Brechin, St. AndTeW'5
Broughty F8ry, SL Marfs
Carnoustie, Holy Rood
Cattertine, SL Philip's
Drumlithie. St. John the Baptist
Drumtochty, St. Palladius
Dundee- Th8 Cathedral
St. Luka's
St. Margar8fs
st. M8rtin'8
Sl. Mary Magdalene's
St. Ninian's
St. Salvadorfs
Fasque. St. Andr&Ws
Glèncarsè, All S8ints
rkverbervie, St. Dawd of Scouand
Invorgowrie. All Souls
Laurencekirk, St. LaurerKe's
Monifieth, Holy Trinity
Montrose, St. Mary and St. Petèfs
Muchalls, St. Tgman'8
Stonehaven, St. James
5,252
85
4,665
10,532
3,468
492
925
600
29,280
4,775
2,484
3,215
10,030
3,935
5,255
985
6,022
1,345
3,852
1,165
4,140
6,360
4,475
6,610
5,686
60
3,923
10,400
3,587
444
852
444
30,995
4,546
2,735
3,179
10,652
3,707
5,638
7e8
5,398
1,308
3,947
1,128
4,079
6,034
3,935
6,502
119,947
119.947
Notè.. 0utst8sx1in￿lprepaldI at 30 Nov8mb8r
11,2171
12,672)
23 Retlrement beneflt schome8
The Scottish Episo)pal chU￿h operatss a defirhed benefrt scheme of which three empk*yees of the D￿0￿$6
arè m8rnbgts. Thè 18St actuariol Valuati￿ was carried out on 31st Dgcemb8r W23. but it is not possible to
disclose the charitys share of the total scheme assets northe outstanding liab￿lity.
Tha Diocèsè's contributions were roduced from 32.2% of standard stiP8nd and 88lary to 22% with effect from
1 January 2025. The pensionable salary for SEC standard stipend figures of Clergy was set èt £32,988 from
1 JAnu&ry 2024 to 31 December 2024, then increased by 4% to £34,308 eff8CtiV8 from 1 January 2025 untll
31 December 2025. It was then furtheT increas8d by a further 6% to £36,381 on 1 January and currendy
stands at that rate until 31 December 2026. The incws8 for 2027 is rtot yet known.
.29-

DIOCESE OF BRECHIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
24 stI￿n￿ Bupport
rh& asststed varI￿S churches support tsér sbpondiary mini8ty throughout the year by vrdy of
ministy support.
Thes6 ehafg88 W9rg supported by a restricted GSO Mlssk)n 8rKS Ministy Support Grant IMMSGI of £54,999,
the UPA No. 1 Fund incom& of£9,648.
In addition, 8 numb8T of charges were furiher support8(I through the use of ts Sl Jthn the Bap￿st d&slgnatèd
funds and Luscombe 8enèf8etion 2025 restricted Fund.
Tha tot81 levels of support pmwded togeth6r with Iha $our¢& offunding is as show below.'-
CHARGEISI
MMSG
UPA
Lfjfjscornbg
2025
St John the Baptist
Fund$
Total Support
St Luke's, Dundee
St Mary's, ArbT08th
St Ninians
£15,477
£16.008
£6.868
£15.477
£16,008
£16,516
£9,648
All Soul's. Invergowriel St
Margarets, Dundee
Monifethlcarntsustiè
Much811slStonehaven
Tota15
£2,587
£2.587
£8,323
£8,323
£54999
£3,679
£4,952
£11318
£12,002
£15,002
£77,592
£1,727
£1,727
25 Ass•ts hold on bèhalf of other8
Th• Dioeès8 is custodian of the followlng units olthe SEC UnltTrust pxxjl..
568 units- Catterfine Endowment Fund- v81ue £18,707
422 units- Gladys Forsyth Grant Bequest- value £13,899
614 units- Lord Clinton 86quest Fund- value £20,222
9,563 units- SIAndrews Fasqu6 Fabric Fund- value £314,961
Tho Trustees are currentty att8mpting to determine thè b$ngfi￿al Tr•mer of th￿8 8S88ts and allocal&
ownarshlp to them within the SEC Unit Trust pooj.
Include(1 In Creditors are sums totalling £31,472 {2024 - £28,5651 representing accumul8t8d dwidends less
exp8nd*ture for the above funds I bequests. The majority of th8 managed funds cr8ditor of £39.429 Is du& to
th&Alb8rt Gladstone Fasqua- 8g8in the Trustees are trying to trace this oroanisation to mak8 payment.
The DIoc&s8 is al80 Custodkan of 6 bank accounts for somg Wuests totalling £14.355 12024 - £14,237).
Again th8 Trustees are 8tt8mpting to detemiintr tha benefic￿1 owt)er of th8sè aB¥gts and pass the fuN15 to
thgm.
The Bishop is currentty in the prcKess of cra8ting a Separate charity to hou8e the 11.31512024- 11,3151 units
of the SEC Unf( Trust pool belonging lo the Bishi¥)'s Dls¢r8tionary Fund- valuè £372,66412024 £363,725>.
-30.