2025-09-30-accounts - St Margarets Episcopal Church: Aberdeen

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

SC017053

SAINT MARGARET’S EPISCOPAL CHURCH, ABERDEEN

TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Very Reverend Dr. Alexander Emsley Nimmo, BD, MPhil, Ph D, FSA Scot. Dean Emeritus of Aberdeen and Orkney.

St. Margaret of Scotland, St. Margaret’s Clergy House, St. Margaret’s Brae, Gallowgate, Aberdeen, AB25 1EA. Tel: 01224 644969.

Email: alexander306@btinternet.com

Web: http://www.stmargaretsgallowgate.org.uk

Saint Margaret’s Episcopal Church, Aberdeen

Scottish Charity No SC017053

Rector: The Very Revd Dr A Emsley Nimmo, Dean Emeritus of Aberdeen & Orkney

Honorary Assistant Priests: The Revd Gary S Clink

The Revd Jack Lindsay

The Revd David HG Wright

Principal Address The Rectory St Margaret’s Brae Gallowgate ABERDEEN AB25 1EA Tel 01224 644969 OSCR Contact Honorary Treasurer Mr David M Jones 34D Ellon Road ABERDEEN AB23 8BX Tel 01224 822835 Web Address www.saintmargaretsgallowgate.org.uk Bankers Bank of Scotland Sort Code 80-05-19 PO Box 1000 BX2 1LB Trustees The Very Revd Dr Alexander Emsley Nimmo, Dean Emeritus of Aberdeen & Orkney (Chair) Mr George G Lowe, Rector’s Warden Mrs Elsie M Gardiner, People’s Warden Mr David M Jones, Lay Representative & Hon Treasurer Mrs Helen Allan [01 October to 08 December 2024] Mr Christopher Iain Anderson (Hon Web Master) Mrs Jacqueline Azeem [From 08 December 2024]

Mr Steven Boon

Mr Ethan G Carter [From 08 December 2024]

Mrs Violet Milne [01 October to 08 December 2024]

Mr Mark David Pithie (Honorary Secretary)

Independent Examiner

Mr Ian C Stephen, MA, CA

Retired Project Manager Aberdeenshire Council 18 Beech-hill Gardens ABERDEEN AB15 7QH

Investment Managers

Interactive Investment Services Limited

Exchange Court

Duncombe Street

LEEDS LS1 4AX

Architectural Services

Architectonics Building Design Consultants

19 Tormentil Crescent

Balmedie

ABERDEENSHIRE AB23 8SY

Energy Consultants

UCR Consultants

Crescent House 40 Regent Road LEICESTER LE1 6YJ

APPENDIX 1

OSC r

Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period
	Period start date				Period end date
	Day	Month	Year		Day	Month	Year
From	01	OCT	2024	To	30	SEP	2025

Office of the Scottish Charity Regulator

Reference and administration details

Charity name St Margaret’s Episcopal Church Aberdeen Other names charity is known N/A by Registered charity number SC017053 Charity’s principal address St Margaret’s Brae Gallowgate ABERDEEN Postcode AB25 1EA

Names of the charity trustees on date of approval of Trustees’ Annual Report

	Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)	Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)	Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)
1 2 3 4 5 6 7 8 9 10 11	The Very Rev Dr AE Nimmo	Rector	Church Wardens & Bishop
	Mr George Lowe	Rector’s Warden	Rector
	Mrs Elsie Gardiner	People’s Warden	Congregational AGM
	Mr David Jones	Lay Representative & Hon Treasurer	Congregational AGM
	Mr Mark Pithie	Member of Vestry & Hon Secretary	Congregational AGM
	Mr Christopher Anderson	Member of Vestry	Congregational AGM
	Mrs Jacqueline Azeem	Member of Vestry	Congregational AGM
	Mr Steven Boon	Member of Vestry	Congregational AGM
	Mr Ethan Carter	Member of Vestry	Congregational AGM


R	f d d i i i d il

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Name	Dates acted if not for whole year
Mrs Helen Allan	01 October 2024 to 08 December 2024
Mrs Violet Milne	01 October 2024 to 08 December 2024

STRUCTURE, MANAGEMENT AND GOVERNANCE

St, Margaret’s Gallowgate is a member congregation of the Scottish Episcopal Church within the Diocese of Aberdeen and Orkney, governed by Constitution and recognised as a charity incorporated in Scotland.

Expenses paid to the members of the Vestry in the Financial Year, other than re-imbursement of expenses actually incurred, comprised solely the Rector’s Stipend and Mileage Allowance.

The Vestry has in place approved policies for the Protection of Children & Vulnerable Adults, and for Health & Safety, which are reviewed – and where necessary updated – annually.

A work-based pension is provided for the Rector through the SEC Pension Fund. Having contributed under this scheme for the maximum of 42 years allowable benefit, liability to contribute to this scheme ceased on 1 July 2020, resulting in no payments being required in the current Financial Year, at a saving to the Parish budget in 2025 to £7,548, which has been offset by an above-inflation increase of £875 in the Church’s share of Quota, resulting from the removal of the discount previously agreed for churches with stipendiary clergy when in 2010 pension contributions rose from 22.0% to 32.2%, but remains a major reduction in total expenditure required. while the current Rector remains in post.

The consequences of impending changes to Charities Law have been addressed as necessary.

REPORT ON ACTIVITIES DURING THE YEAR

In accordance with its Mission Statement, Saint Margaret’s seeks to continue to provide a focus for worship in the Episcopalian and Catholic tradition; and to be a centre for social outreach in the local community and further afield. A Partnership Agreement is in place with Aberdeen College [now part of Northeast of Scotland College], who have similar community objectives in the educational field – and which allows us to access their fund-raising expertise. A further Partnership agreement was set up in 2010 with St Margaret’s Convent in Haiti, following the earthquake there; and the parish is also twinned with St James New London, Connecticut, USA.

Mass continues to be said or sung on Sundays, Tuesdays, Wednesdays, and other major festivals, the Principal Sung Mass of the Week taking place on Sunday at 10.30am. and, in Passiontide 2025 a lunchtime Mass on Thursday, aimed as workers, students & visitors to the City Centre was trialled. An earlier 8.00am Mass was also reintroduced in March 2021 when the Church reopened following COVID, with an average weekly attendance across the two services of 35-40. Children and young people attend throughout the main Sunday morning service, with younger members of the congregation fully incorporated into the rosters for readings and intercessions, While Evensong remains suspended, the weekly service sheet, including details of readings, hymns and intentions form intercession, along with the Parish Magazine, continues to be circulated by e-mail to those who still feel unable to return to worship in person. Footfall both at worship and community activities remains however a matter of concern, which has been a standing item of business at recent Vestry meetings.

During the year the Ministry Team was amplified by the Permission to Officiate given to Fr Jack Lindsay, resident until mid-December 2024 in the Rectory while completing his PhD studies at the University of Aberdeen, and to Fr Gary Clink, Priest in Charge of St Salvador’s Dundee.

In addition to the services of Father Emsley, Father Jack and Father Gary, the parish during the year had the assistance in taking services of the Revd Isaac Poobalan and the Revd John Walker. While he is no long active, the Parish was also pleased to mark the 102nd birthday during the year of Fr David Wright. The Rector has continued in his capacity as Chaplain to the Sea Cadets of TSS Scylla, St Machar Academy, HM Theatre and Northeast of Scotland College,

The concordat on how Bishop Anne as a woman intended to exercise her ministry within, and pastoral oversight of, the Congregation, approved and signed following a meeting of the Congregation in November 2018, remained in force during the year following the lifting of Bishop Anne’s suspension and ending of the related canonical process. A service of Confirmation was conducted in November 2024 by former Bishop Bruce Cameron.

Following the resignation of the previous full-stipendiary organist, Dr John Horton has continued as organist for two Sundays per month plus Holy Week with arrival, other Sundays being covered until his departure

by Father Jack and since February 2025 of Cormac Levinthal or when no organist is available by recorded music, assembled on disk by Chris Anderson and operated by Keith Anderson. The organ has also been played on occasion by other visiting organists. The Church continued to receive a grant from the diocese to part-fund organ tuition, though only limited expenditure from this as incurred in the current Financial Year.

A Gregorian Plainchant Workshop, led by John Horton, was held in May 2025 funded by a specific donation.

Expenditure from the Fabric Fund in addition to routine maintenance of the alarm system and fire extinguishers, including major works to the roof of the Church and Rectory, and survey & remedial works required by the Church’s insurers to comply with the terms of. Other recommendations from the Revaluation will be taken into account within the Vestry’s normal Health & Safety responsibilities. While Community Bingo remains suspended, income for the Property Fund continued to be provided from Gift Aid, the 50 Club and other fundraising donations. Income remains however significantly below pre-COVID levels, necessitating transfers from the Reserve Fund and Capital Fund dividend income, including cashing in of £22,500 of investments.

Re-opening of the Comper Hall generated an income of £11,200 against costs for cleaning & utilities of £3,950

Car Parking spaces have also continued to generate income with all spaces occupied at the year end.

The state of the Old School continues to be monitored and has been flagged as a cause of concern to the District Council.

ACCOUNTING POLICIES

The accounts have been prepared in accordance with Statements of Standard Accounting Practice recognised in the United Kingdom, under the Historic Cost Convention.

Land and Buildings are included in the Financial Statement at a Net Book Value of Nil. Following a survey by Ecclesiastical in January 2025 the buildings are currently insured at fractionally under £10.37M and contents at £809.0K, both sums being index linked. Only expenditure on the Capital Fund is capitalised. Investments are included at value on 30

September 2025. Sundry stock, of altar supplies, are not included in the Balance Sheet. We expect that all stocks to be used in the current year.

The General Fund includes all income and expenditure pertaining to the ordinary running costs of the church throughout the year.

The Property Fund was set up specifically for long-term projects – renovation of the Rectory, Church, and Hall – expenditure for which straddles financial years. A separate Fund exists to cover the cost of renovating the Hall.

The Reserve Fund is a source of funding for emergency repairs, where costs cannot be reclaimed in full under the excess clauses which are a term of the Church’s insurance policy.

Legacies and in memoriam donations are credited to the Capital Fund unless otherwise specifically determined.

FINANCIAL RESULTS

The accounts this year are again presented in three sections – Unrestricted, Restricted and Endowment Funds, along with this Report – to conform to the Return which we are required to make to the Office of the Scottish Charities Regulator (OSCR).

In setting its General Fund budget, Vestry was aware that due to the new heating contract as well as routine inflationary pressures, an uplift of £5000 to £6000 would be required.

To address this, it was agreed that income streams be set at the higher of 2023-4 actual or of the cash figures which applied to fund-raising streams in the final year before COVID.

This was always going to be challenging, and while FWO & Cash Collections showed a welcome collection, with a number of the congregation responding to appeals to increase Standing Orders in line with falls in the value of money, footfall at fund-raising events was less than expected.

A number of additional expenses were identified, including an overdue bill for altar supplies from 2023-4, and the need, following Fr. Jack’ departure to pay Organist’s fees on a weekly basis.

Together with the 1% earmarked for charity this led to the need to draw down £1300 from Capital Fund income. This includes £400 to replace interest from General Fund investments cashed in to fund works on the Church roof.

Strength in the Stock Market, however, coupled with new donations led to an increase in the value of investments held of £7,003 and meant that – even after capital disposals of £22,600, and other transfers from Dividend income of £3,000 [£1700 to the Property Fund, £1300 to the General Fund] and other fees & expenses of £450 -the Capital Fund fell however by only a net £16,000, with £3,600 in cash remaining available for reinvestment or as an emergency income buffer.

Looking forward, under the policy approved by General Synod, Standard Stipend is due to increase further on 1 January 2026 from £34,308 to £36,381, with pension contributions [were these required] taking total stipendiary ministry costs to £44,385, and inflationary increases also predicted in quota, council tax, insurance premia and other costs.

These mean that an additional income requirement of c.£300 per month, to fund which an increase of 5% in giving, fund raising, hall income and community events from 2024/5 levels is likely to be required.

POST-BALANCE SHEET ITEMS

Although renovation of the John Comper Hall was substantially completed during 2023/4, the Church contribution to contract retention and other costs outstanding is currently costed at £6,666. This is against a balance remaining in the Hall Renovation Fund at the year-end of £9,505.

A balance of £5,668 remained outstanding at the Year End for the Quote on Roof Works undertaken in March-April 2025.

In February 2025 it was announced by the UK Government that funding for the Listed Places of Worship Scheme, under which since 2001 churches has been able to claim back VAT incurred on qualifying repairs made to the fabric of listed buildings used for regular worship, would now be extended to 31 March 2026, subject to a maximum of £75,000 per claim. Onn 30 September 2025 it was calculated that £3,560 would be eligible for award under this scheme, based on the interim payments made to date for the roof funding projected and for the Fixed Wiring

Survey & Remedial Works required to the Church by its insurers.5. Funding under this Scheme can be daimed only On annually within 12 months of the relevant invoices. Both gas and electricity continue to be on 3-year fixed price contracts, which commenced in March 2024 in the case of the Church gas, Hall Gas in April 2024, and new electricity contracts on 01 January 2025. Under the new contract the cost of heating the Church each Sunday has effectively tripled. The Church's Insuran policies remain with Ecclesiastical plc, increased premia reflecting indexed linking under a 5-year agreement. A revaluation, including of the effects of Hall renovation, was completed in January 2025, leading to the requirement to obtain an updated Fixed Wiring survey, work for which was completed over the summer. The Hall's valuation for Business Rates was also increased substantially, though as it and the Church are primarily used for charitable purposes exemption from any charge remains in for. Following agreement between the SEC and HMRC on the eligibility of parishes as legally individual charities to qualrfy for the National Insuran Employment Allowance, the benefit of which the Church has been receiving Sin April 2014, remains applicable removing any liability to employers. Nl. the allowance for which was substantially increased to £10,500 in the UK Budget of October 2024. DECLARATION The trustegs declare that Ihty Iwv• approved the tTUStees' report akne. sign on bèhalf of the chartty's truste89. Full namels) exander Emsky Nimffw) Davb n Jones Posltlon l•.g.. Reclor, Chair of Vesty Chaifl Date 11 Novents 2025 Lay RepresentatNe & Honorary Treasurer 11 November 2025

Enter SC No. below

APPENDIX 2

Enter charity name below

Saint Margaret Episcopal Church

SC017053

	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church	Saint Margaret Episcopal Church		SC017053
	Receipts and payments accounts
	For the period from	Period sta		rt date			Period		end date
		Day	Month		Year	to	Day	Mon	th
		01	OCT		2024		30	SEP

Section A Statement of receipts and payments
A1 Receipts	Unrestricted funds to nearest £	Restricted funds to nearest £		Expendable endowment funds to nearest £ - - - - - -			Permanent endowment funds to nearest £		Total funds current period to nearest £	Total funds last period to nearest £
Donations	46,721 - 1,500 5,438 500 2,966 14,360 - 71,485	1,375					960		49,056	48,743
Legacies									-	-
Grants									1,500	50,461
Receipts from fundraisingactivities		110							5,548	6,260
Gross tradingreceipts									500	457
Income from investments other than land and buildings		78					2,135		5,179	7,238
Rents from land & buildings									14,360	11,982
Gross receipts from other charitable activities									-	-
		1,563					3,095		-	-
*A1 Sub total*				-					76,143	125,141
A2 Receipts from asset & investment sales
Proceeds from sale of fixed assets	22,614 22,614								-	-
Proceeds from sale of investments		-					-		22,614	27,235
*A2 Sub total*				-					22,614	27,235
*Total receipts* A3 Payments
	94,099	1,563		-			3,095		98,757	152,376

Expenses for fundraising activities	709 94,551 675 -								709	748
Gross trading payments									-	-
Investment management costs							204		204	204
Payments relating directly to charitable activities		5,047					179		99,777	168,303
Grants and donations									675	590
Governance costs:									-	-
Audit / independent examination									-	-
Preparation of annual accounts									-	-
Legal costs									-
Other inc. Bank charges							59		59	-
									-	-
**A3 Sub total **	95,935	5,047		-			442		101,424	169,845
A4 Payments relating to asset and investment movements
Purchases of fixed assets									-	-
Purchase of investments									-
**A4 Sub total **	-	-		-			-		-	-
*Total payments* *Net receipts / (payments)* A5 Transfers to / (from) funds *Surplus / (deficit) for year*
	95,935	5,047		-			442		101,424	169,845

	1,836) (	3,484) (		-			2,653		2,667) (	17,469) (

	3,000						3,000) (		-
				-
	1,164	3,484) (		-			347) (		2,667) (	17,469) (

4PPENtXX2 Saint Ma Section B Statement of balances rnt Episcopal Church SC017053 16.7•S 40.•30 134n 71 {17NOPI ZJ.400 •) S7A42 le77 32.yoa 23J13 SEC ihtTnt YJ3UP SlweSlSCOTGCLO 141A29 11,2•J Tqts 11.1125

APPENDIX 2

Saint Margaret Episcopal Church

SC017053

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on For the purposes of Unrestricted and Restricted Funds, see Additional Notes 2 and 3, respectively. Unless analysis of funds worksheets) otherwise specified by the legatee or executors all endowment funds are regarded as permanent and are invested with the SEC Unit Trust or other investment Trusts (Scottish American, Murray International, Aberdeen/Standard Life),chosen to spread risk. The Trustees also hold equity in Scottish & Southern Energy, First Group, Glaxo Smith Kline, Haleon PLC and Royal Dutch Shell. The Vestry's aim remains to maintain an Endowment Fund initially of at least £100,000; and - although Hall Renovation and necessary roof repairs have necessitated an element of disinvestment totalling c.£50K over the past 2 years, market movements in those years have offset c. £24.5K of this. Special Collections taken up and paid to specific charities, including at Christmas and during Lent, totalled £1210 and are not included in these accounts.

Type of activity or project supported 1% ofGeneral FundIncomeless Grants (allocated atAGM forcharitable purposes)	Number of grants made £	Number of grants made £
	1	675




	Total	675

If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b)
Authority under which paid		£
Rector's stipendincluding pension liability (ResolutiionofGeneralSynod)		33,978
Rector's Council Tax liability (ditto)		2,549




If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b)	this box
Reimbursement of Rector'sTravelandTelephone Nature of relationship Nature of transaction Maintenance of RectoryAGACooker Webmaster(Printing &Postage Costsincurred) Gregorian Workshop Catering	Number of trustees	£
Reimbursement of Rector'sTravelandTelephone	1	2,170
Maintenance of RectoryAGACooker	1	200
Webmaster(Printing &Postage Costsincurred)	1	357
Gregorian Workshop Catering	2	155

Nature of relationship	Transaction amount (£) Balance outstanding at period end (£)







ACCOUNTING POLICIES - The accounts have been prepared in accordance with the Statements of Standard Accounting Practice recognised in the United Kingdom, under the Historic Cost Convention. Land & Buildings are included at a Net Book Value of Nil. The Buildings of the Church, Hall and Rectory are currently valued for insurance purposes at £10.37M plus £809K for Contents. Investments are shown at value on 30 September 2025. Sundry stock , mainly of altar supplies, are not included in the Statement of Balances. All stocks are expected to be used in the current year. Legacies and other in memoriam donations, or those received for Weddings & Funerals, are credited to Capital unless otherwise specified by the Legatee or Donor. Capital dividend income is either re-invested or [post COVID] drawn down to other funds as required.

OSCR3 2425 / Notes

December 2007

APPENDIX 2

Saint Margaret Episcopal Church

SC017053

Additional analysis (1)

Analysis of receipts and payments

1 Donations

1 Donations
	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
FWO and Covenants	31,951	-	-	-	31,951	26,076
Open Plate	5,605	-	-	-	5,605	4,467
Donations towards votive candles	157	-	-	-	157	309
General Donations	4,228	1,375	-	960	6,563	13,334
Gift Aid Recovery	4,780	-	-	-	4,780	4,557
Total	46,721	1,375	-	960	49,056	48,743
	-	-	-	-	-	-

2 Grants

2 Grants
	Unrestricted funds to nearest £	Restricted funds to nearest £			Total current period to nearest £	Total last period to nearest £
LPOW VAT Reclaim Scheme		-			-	461
SEC Buildings Grant Scheme		-			-	42,500
Benefact Trust		-			-	7,500
Diocese/.Anderson Trust	1,500				1,500
Total 3 Gross receipts from other charitable activities	1,500	-			1,500	50,461
	- Unrestricted funds to nearest £	- Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	- Total current period to nearest £	- Total last period to nearest £
					-	-
					-	-
					-	-
					-	-
					-	-
					-	-
					-	-
						-
Total	-	-	-	-	-	-
	-	-	-	-	-	-

4 Payments relating directly to charitable activities

	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Clergyemoluments & Pension Liabilities	33,978				33,978	32,456
Travel and Telephone	2,175				2,175	1,793
Diocesan and Provincial Quota	6,386				6,386	5,541
Insurances	10,046				10,046	9,500
Council Tax	2,549				2,549	2,387
Utilities and Routine Maintenance	7,384				7,384	3,294
Organists	2,700				2,700	2,030
Altar Expenses	1,911				1,911	741
Othher non-recurrent expenditure	-			179	179
Youth Work	-				-	-
Organ Tuition	120				120	-
PropertyFund Expenditure	27,302				27,302	4,985
Hall Renovation(Church Share)		4,892			4,892	105,576
Gregorian workshop		155			155	-
Total	94,551	5,047	-	179	99,777	168,303
	-	-	-	-	-	-

OSCR3 2425Additional notes (1)

December 2007

APPENDIX 2

SC017053

Additional analysis (2)

5 Breakdown of unrestricted funds

5 Breakdown of unrestricted funds
Receipts	Unrestricted fund 1 - enter name of fund below General Fund	Unrestricted fund 2 - enter name of fund below Property Fund	Unrestricted fund 3 - enter name of fund below Youth Work & Organ Tuition	Unrestricted fund 4 - enter name of fund below Reserve Fund	Total unrestricted funds	Total unrestricted funds last period
Donations	45,158	1,558	-	5	46,721	39,369
Legacies	-	-	-	-	-	-
Grants		1,500		-	1,500	461
Receiptsfrom fundraising activities	4,358	1,080	-	-	5,438	6,145
Gross tradingreceipts (Church Magazine)	500	-	-	-	500	457
buildings	2,966	-	-	-	2,966	3,171
Rentsfrom land & buildings	14,360	-	-	-	14,360	11,982
Gross receipts from other charitable activities		-	-	-	-	-
*Sub total* Receipts from asset & investment sales	67,342	4,138	-	5	71,485	61,585
					-
Proceedsfromsale of fixed assets		-			-
Proceeds from sale of investments		22,614			22,614
*Sub total* *Total receipts* Payments	-	22,614	-	-	22,614	-
	67,342	26,752	-	5	94,099	61,585
					-
Expenses for fundraisingactivities	709	-			709	748
Gross trading payments	-	-			-	-
Investment management costs	-	-			-	-
Payments relatingdirectlyto charitable activities	67,129	27,302	120		94,551	62,727
Grants and donations	675	-			675	590
Governance costs:		-			-	-
Audit / independent examination		-			-	-
Preparation of annual accounts		-			-	-
Legal costs		-			-	-
					-	-
					-	-
*Sub total* Payments relating to asset and investment movements	68,513	27,302	120	-	95,935	64,065
					-
Purchases of fixed assets					-	-
Purchase of investments					-	-
*Sub total* *Total payments* *Net receipts / (payments)* Transfers to / (from) funds *Surplus / (deficit) for year*	-	-	-	-	-	-
					-
	68,513	27,302	120	-	95,935	64,065
					-
	1,171) (	550) (	120) (	5	1,836) (	2,480) (

	1,300	1,700			3,000	1,440

	129	1,150	120) (	5	1,164	1,040) (
					-

Nature and purpose of funds

The General Fund is the principal operating fund of the Parish from which day to day recurrent costs are met. The Property Fund is that portion of Unrestricted Funds designated by the Trustees for major property repairs, for which income may need to be accumulated over a number of Financial Years; and to which income from the 50 Club and community bingo sessions is attributed. Separate other designated funds are maintained in relation to Youth Work and Organ tuition. The Reserve Fund is for emergency and unbudgetted expenditure below the excess of the insurance poicy; and is supported by donation of 1p & 5p coins. Expenditure from the Property Fund in 2024/25 included repairs to the Church roof (interim cost including fees £21.8K), costs of a fixed wiring survey & remedial work (£4080) maintenance of the alarm system (£848), Rectory kitchen cooker maintenance (£200), fire extinguisher maintenance (£204) and minor maintenance works (£190). There was no expenditure from the Reserve Fund.

OSCR3 2425Additional notes (2)

December 2007

APPENDIX 2

Saint Margaret Episcopal Church

SC017053

Additional analysis (3)

6 Breakdown of restricted funds

6 Breakdown of restricted funds
Receipts	Restricted fund 1 - enter name of fund below Hall Renovation	Restricted fund 2 - enter name of fund below Organ Restoration & Choir	Restricted fund 3 - enter name of fund below Crucifix	Restricted fund 4 - enter name of fund below Memorial Windows	Total restricted funds	Total restricted funds last period
Donations	1,000	375			1,375	7,394
Legacies					-	-
Grants					-	50,000
Receiptsfrom fundraising activities	110				110	115
Gross tradingreceipts					-	-
Income from investments other than land and buildings	78				78	559
Rentsfrom land & buildings					-	-
Gross receipts from other charitable activities					-	-
*Sub total* Receipts from asset & investment sales	1,188	375	-	-	1,563	58,068
					-
Proceedsfromsale of fixed assets					-
Proceeds from sale of investments					-	27,235
*Sub total* *Total receipts* Payments	-	-	-	-	-	27,235
	1,188	375	-	-	1,563	85,303
					-
Expenses for fundraisingactivities					-	-
Gross trading payments					-	-
Investment management costs					-	-
Payments relatingdirectlyto charitable activities	4,892	155			5,047	105,576
Grants and donations					-	-
Governance costs:					-	-
Audit / independent examination					-	-
Preparation of annual accounts					-	-
Legal costs					-	-
					-	-
					-	-
*Sub total* Payments relating to asset and investment movements	4,892	155	-	-	5,047	105,576
					-
Purchases of fixed assets					-	-
Purchase of investments					-	-
*Sub total* *Total payments* *Net receipts / (payments)* Transfers to / (from) funds *Surplus / (deficit) for year*	-	-	-	-	-	-
					-
	4,892	155	-	-	5,047	105,576
					-
	3,704) (	220	-	-	3,484) (	20,273) (

					-	2,000

	3,704) (	220	-	-	3,484) (	18,273) (

Nature and purpose of funds

The four restricted funds of the congregation are for specific maintenance projects for which specific fund-raising efforts apply. The Organ, Crucifix and Memorial Window funds are maintained as open to provide for future restoration cost in these areas. Expenditure from the funds in 2024/25 has included £4892 for installation of heaters in the renovated Hall [covered by fund raising the previous year] and £155 for a Gregorian music workshop, funded by a specific monthly Gift Aid donation of £50 per month.

OSCR3 2425Additional notes (3)

December 2007

APPENDIX 3 Independent examiner’s report on the accounts

	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts
Report to the trustees/members of Registered charity number On the accounts of the charity for the period Set out on pages Respective responsibilities of trustees and examiner Basis of independent examiner’s statement Independent examiner’s statement Signed: Name: Relevant professional qualification(s) or body (if any): Address:	Charity name Saint Margaret’s Episcopal Church, Aberdeen
	SC017053
	Period start date					Period end date
	Day	Month	Year			Day		Month	Year
	01	OCT	2024	to		30		SEP	2025
	1 to 6							(remember to include the page numbers of additional sheets)

	The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
	My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the 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 accounts.
	In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 44(1) (a) 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 Regulation 9 of the 2006 Accounts Regulations have not been met.
					Date:		10 June 2026
	Ian C Stephen
	MA, CA, Project Manager(retired), Aberdeenshire Council
	18 Beechhill Gardens
	ABERDEEN
	AB15 7QH

Disclosure section

Only complete if the examiner needs to highlight material problems.

Give here brief details of any items that the examiner wishes to disclose