Regl8ter8d Charity No SC019080 St James the Great Scottish Episcopal Church, Cupar Report and Accounts for the year ended 30 September 2024
Independent Examlnor's Réport to the Vestry of St James the Great, Cupar I report on the a¢counl$ of thè charlty for the year ended 30 Seplember 2024 which are set out on P8ge£ 510 11. Re8P¢Ctlv• Respon8ibiliti08 01 Tru81ee8 and Examiner The Charrvs Trustees are rosponslbl8 for the preparation of the accounts in accordance with the terms of Ihe Charilies and Trustee Inveslmenl (Scolland) 20D5 arid the Charities Accounts {SGoUandl Regulations 2006 {as amended)- The Charily Trustees c0115ider that the audit requirement of Regulallon 1011) Idl of the 2008 Accounts Regulation5 does not appty. It Is my responslblllty to examine the account5 as requlred uncier stion 44(1)(c) of the Act and to stalè whether particular mallers have come lo my attention. B0818 of Indopend¢nt ExamIne$ Statemont My examlnallon Is carrSeé out In accordance with Regulation 11 of the 2006 A¢counl$ Regulallons. An examlnallon Includes a iavlaw of the a¢¢ounling records kept by the charity and a comparison ol the ac¢ounls presented with those rec1$. It also Includes consideretion of any unusual items or disclosures in ihe accounts, and se8ks explanalk)n5 from the Tru51ees concerniThJ any such matters. The piocedures undertaken do nol provlde all th6 evldèncè that would be required in an audll, and consoquonlly I do not express an audit opinion on the view glven by thè nts. Independent Exarninefs Statemant In thè course of my examlnation. no matter ha5 come to my atlgnllo which gives mè reasonable cause to bel*ve that in any matertal re8pe¢l the requirements". lo keep accounting records in accordance with seCtn 4411) of Ihe 2005 Act and ReguLgllon 4 01 the 2006 Accounts ReguLations', and lo wepar& accounts whlch accord with the aoUnting records and comply with Regulation 9 of th6 2006 Accounts Regualions, or lo Whh, in my opinior), allenb'C should be diawn in order to enable a proper understanding of th6 accounts to be reached. (dale)
ST JAMES SCOTTISH EPISCOPAL CHURCH, CUPAR TRUSTEES. ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 S¢ottl8h Charlty Numbpr.. SC019080 Conlact Addre5s.' A5 there is no offe et +he churcl itself, all ofldal cor)lacl ivlth OSCR Is vla thè Horary Treasurer who is also one of the Tru$lee$. Trustees: Other Tru8tee8 durlng tho perlod.. Mrs Georgina 8ayliss, Mts Linda Hall, Mr Samu81 Ivey Bankers.. The Royal Bank of Scotland. 3 Falkland Gale. Gleniolhes, KY7 5NS Independent Examiner.. Governlng Documont.. St James the Greal In Cupar 19 an unincorporatéd association with its txvn Conslitulion. This recognises that St James the Great Is 8n Incumbency in the United Diocese Df Sl Arbjrews, Dunkekj and Dunblane of the Scotlr&h Episcopal Church, and the clergy, congregallon and all officials thereof are subject to the Canons of that Church. 11 also stat@s that th8 temporal affairs shall be managed by Ihe'vestry, (also known as the Trustees), who should also assist the Rector, as requwed, in all matters 8ffe¢ting the spirllual Welfa of the congregation. Récniltment and appolntment of Tru8te98: The Vestry has a maximum of e1ve members, ex oflicio (namely the Rector, Secretary, TreasuTer, Lay Represenlalive, Reclovs Warden and People's Warden) and slx olhers. 11 is chaired by th8 Rector, who Is (he Incumbent for the Ilme being, instituted to their office by the Blshop, following Iheli pre8entaOon to the Bishop by the other Vestry members as a person suitably qualified to hokl that offi. When there 15 no Rector in post, the Chairmen of the Vestry serves as Trustee. Apart from the Rectols Warden, who Is appolnted by Iha Rector. all the olh&r Veslry members are eilher elec16d or endorsed by members of thé congregallon at an Annual General Meeting, usually held in lale Novemb8r or early Dectmber. All ar8 communlc4nt memb8r8 of the congregalion. ttends Vestry Meellngs as a representalv6 of the congregation of St M8ry'$. The Conslilulion slates that the Secretary and Treasurer should be nominated by ts other V8stry members, but the nominatn9 have to be endorsed by Ihe congregatlon al the AGM.
Charltable Purposes.. The mission of the Church In Cupar Is lo proclaim the Chrisllan fallh in our worship and in our lives, and through our concern for the wider issues faclng society locally and further afield. This involves holding regula¥ Church services, caring for Church members, and indeed other members of the community as necessary, maintaining cordial and effective worklng relationships wllh members of other church denominations and key community leaders, as well as being assoclaled with and participating in other initiatives wllhln the Diocese under th8 diroction of the Bishop. Maln actlvltles and achlevements In the year: Church servi$ are held In St James the Great every Sunday and every Wednesday mornlng, wllh additional services, for example al Easter and Chrigtmas. Tho Church continues ils ¢ommilmenl to and involvement wilh the local work in Fife of the Bethany Christian Trust and in supporting the Cupar Food Bank. Overall, membership of the congregation is increasing. and new membèrs and visitors are always welcomed to worship with us. No major paIrS were required during the perlDd. Over the past year, congregational giving and plate collections have gone up. Donations are higher,including Gift Aid envelopes (£1,923. up from £1,643). AS 8 consequgnce, the Gift Aid tax claim Is hlgher1£7,246, up from £6.919). Expenditure is significantly higher than last year with full-lime Rector in post, as well as vacancy co818. Costs conllnue lo rise, particularly the costs of g8$ and eleclriGlly. No major repairs were requlred to the chltrch building. The Organ and Muslc Fund continues lo run at a deficit, despite £500 being transferred from general funds in each financial year. A Budget was again used during the year, and Ihls has proved lo be of continuing assistance In analy5ing cash flow and managing Ihe finances. A loan of £2,(K)O was made to St Mary's, Ladybank, as thelr funds are particularly bw. During the financial year, fundralsing and collèctions were undertaken for varlous parties, and payments made a5 noted (Note 161. Trustee remuneratlon and expenses: The Rector, when in post, receives a stsndard stipend (as detemiined centrally by the Scottish Episcopal Church),. the relevant employers, Nl and pension contributions are also pald. In addition. the Rector has the use of th& Rectory (Council Tax paid), plus telgphone, Iravelling and administration expens85 as well as other expenses {8uch as photocopying, p051age, elcl on presentation of lill receipts or similar documents. All other Trustees serve In a voluntary capacity, receiving reimbursement of administration related expenses.
Reserves: There is no formal policy on the level of reserves as the Trustees try to ensure that 'we pay our way, on an annusl ba$l8. Total Income In anyone year cannot be assured because it is derlved malnly from the free-will offerings of Church members 8upplemented by don81ions and the net proceeds of fund-ralsiro events. If it were foreseen lover a 2-3 year time span), that total income was likely lo be inadequate, special appeals would be made to Ihe congr8galion lo increase thelr conlfibutbns andlor addlllonal fund-raising events would need to be OTganlsed. This report wa5 approved by the Truste@8 and signed oll their behalf on . Trustee
st James the Great Scottlsh Episcopal Church, Cupar Statement of Balances as at 30 September 2024 Unrestricted Reslricted Total Funds 2024 Total Funds 2023 Cash at bank at beginning of year: Treasurer'8 Account The Royal Bank of Scotland Treasurer's posting error 31,225.70 427.00 St James the Great Buildlngs Account The Royal Bank of Scotland £ 5,957.97 31,652.70 £ 5,957.97 £ 37,610.67 £ 2D,035.16 GalnlLoss for the year 9,484.59 £ 17.148,51 Cash at bank at end of year.. Treasuraf8 Account Thè Royal B8nk of Scotland 21,986.87 St James thè Great Buildings Account The Royal Bank of Scotland £ 6,139.21 21,986.87 £ 8,139.21 £ 28,126.08 £ 37,183.67 rus ee 12i 2d*2+- (Dale) The note5 on Pag88 8 to 11 form part of th6se a¢UnIS
Sl James the Great Scottlsh Episcopal Church, Cupar Receipts and Payments Account for the year endod 30 September 2024 Rgcelpts Noles 2023-2024 2022-2023 Colloctlon8 Congregation81 Glvlng Plate Collections £ 25,215.65 £ 4,739.08 £ 23,418.10 4,361.85 £ 29,954.73 £ 27,777.95 Donatlons Miss A M Pilkinglon's Charitable Trust Donations - Glft Aid Donations- non Gift Aid Gift Aid (occasional, including donation envelopes} £ 2,000.00 £ 2,006.00 520.00 £ 1,923.30 2,000.00 1,100.00 100.00 1,643.00 6A49.30 £ 4,843.00 Legacles and Funeral In memorlam Collectlons In men70nam Ellzabelh Robertson In memorlam, various donations 2023-24 100.00 loo0 £ 574.40 Recovery of Taxes Recovered on Gift Ald Income 7,246.14 £ 6,919.90 Dlvldends and Bank Interest Sl James Endowment dividend income Dividends due to Sl Jame8 Endowment Interest on Bank Deposits £ 2,633.42 110.77 425.48 2,235.72 113.09 200.42 3,169.67 £ 2,549.23 Fundralslng 1,632.00 £ 2,043.90 Support from St Mary's, Ladybank Ml¥cellaneous Income Buildings Fund income Organ - income Flower Fund income Good Causes Fund income Sl Andrews Voices, donation use of church Bethany Chrislian Trust income Church fees Mlsoellanoou5 income Royal Bank of Scotland compensation Rectorfs relirement collection 612.24 600.00 150.00 565.93 1,402.22 500.00 683.68 250.00 170.00 350.00 13 £ 1,093.00 300.00 20.00 300.00 690.00 3,341.17 £ 4,345.90 Total Recelpts £ 51,893'01 £ 49,054.28 The notes on Pages 8 to 11 form part of these aG(x)unls
st James the Great, Cupar Recelpts and Payments Account for the year ended 30 September 2024 Payments Notes 2023-2024 2022-2023 Clergy Costs Rector Costs Rectory Costs Lo¢um costs during Inteffegnum 10 14 33,959.58 £ q,380.34 2,565.09 £ 2,955.19 350.70 £ 323.65 Quota Dlocasan and Pfovlncial Quota 6,962.82 £ 8,198.70 Church. Servlces and Runnlng Costs Healing 2nd Lhling Insurance Allar Supplies Purchase of LeGllonaries 5,412.08 1,803.24 440.36 150.00 4.341.44 3,061.76 297.45 7,805.'68 £ Church: Property and Fabrlc 7,700.65 Church R8palr and Malntonance 1,638.13 £ 4,218.91 Genèral and Admlnlstratlon 903.87 £ 822.04 Mls¢ellaneou8 Expendltuie Loan lo St Mary's Flower Fund expendilure Recloffs retirement gifts Vacancy expenses Organ - expenditure Buildings Account expenditure Good Causes Fund expendllur8 Bethany Christian Trust expenditure Sl James Endowment dividends12023-24) Miscellaneous expenditure 2,000.00 55.46 1,6S5.00 715.90 1,473.18 463.00 15 1,092.17 1,269.83 431.00 600.00 724.43 113.09 905.75 13 502.36 435.87 1,050.98 6,306.29 12 7,191.73 £ Total Payments 61377.60 £ 31905.77 Lo$slGaln for the ygar 9,48Is9 £ 17,148'.51 The notes on Pages 8 to 11 form part of these accounts
St James the Great Scottish Eplscopal Church Notes to fhe Accounts for tha year ended 30 September 2024 A¢¢ountlng Pollcle8 Basls of Preparatlon.. The accounts have been prepared on a receipts and payments b8sls. Th8y consist of a summary of all monies received and paid via the bank and in ¢a$h by the church during the financial year, along wilh a statement of balances. No adju8tmenls have been made for any income due but rK>t received, n(Y for any expenses incurred bul not yet paid at the year end. Re$trlcted Funds: There is a separate bank account for the Sl James the Great Bulldings Fund and this is shown as restricted funds. The Sunday School fund, Good Causes fund, Organ & Music Fund and the Bethany Christian Trust monies are held within the gener81 account, but are reslrioted funds. Church Bulldlng8: The Church and Rectory are not shown in in the Slalement of Balances. The valuation of the buildings for insuranc8 purposes is £6,650,000 and £551,8313 respectively. Speclal Collecllons: During the year, in normal limes, the church makes special collections for dilferenl Gharities. These funds are banked and the lolal collected paid over to the respective recipients. Becau8e Ihe church Is simply collecllng the money on behalf of individual donors and fowarding it to the nominated reclpients, this income aE)d expenditure is not included in these accounts as part of the inoome and expenditure of the church. Se8 Note 16 for details. A short-temi ban of £500.00 was mad8 to the Rector after taking office, which was repaid when once stipend was in payment. Congregatlonal glvlng Freewill Offering Scheme {Gift Aid) Freewill Offering Scheme {Not Gift Ald) Regular Standing Orders from Members (Gift Aid) Regular SlatKling Order8 from Memb8rs (Not Gift Ald) £ 5,745.15 447.50 £ 17,423.00 £ 1,800.00 £ 25,215.65 Fundra181ng Coffe8 Morning (net Proceeds) Coffee Mornlng rattle (net proceeds) Music Marathon 21.09.24 Pancake Paty, donations Concert 25.03.24, ticket donatlons Concert 25.04.24, poster design and Pfinting cOnrt 26.04.24, donallon to Cupar Food Bank Cupalele Concert 548.IXI 586.00 £ 1,134.00 147.52 149.83 560.24 60.24 500.00 £ 200.65 £ 1,632.00
Oryan & Muslc Fund Openlng balance 01.10.23 6e.30 In¢ome: Transferred from General Fund Donation - R Cann 500.00 100.00 £ 600.00 Expendlture". Organist's fees Tunin9 and repairs as required 850.00 419.83 -£ 1,269.83 Closlng balance 30.09.24 603.53 st Jame8 the Great Buldlngs Account Openlng balance at 01.10.23 £ 5,957.97 Income: 100 Club subscrlplions Donations Bank interest 518.00 3.00 91.24 £ 612.24 Expendlture: 100 Club prizes 431.00 Clwlng balan¢0 at 30.09.24 £ 6,139.21 Church R8palr and Malntenan¢e Fire Protection System - annual costs Boller Service Annual check of fire exlingulshers and parts as requlred Church roof inspection and repairs as required Slgnwrller- updating church noltceboard 615.85 77.40 294.88 570.00 80.00 £ 163813 Good Causes Fund Oponlng balan¢e 01.10.23 650.60 IncomB: Tealcoffee money collected after services 565.93 Expendlture: Aberlour Age Concern, Cupar USPG 200.00 200.00 200.00 -£ 600.00 Gloslng balance 30.09.24 616.53 Church Fo09 Funeral feesldonations In Ileu of fees 300.00
Miscelleous I t>onallon from oi bth)ks glfted to him b 20.00 10 Rector Costs SlipeTrJ, Nl, Penslon Council T8X Teiephonellnlemet Mileage CEergy Conffrrence, church contribution Removal costs Rail fares for posl-appDinttnent vislt to Blshop PVG fee Costs of Instilulton £ 29.192.g2 £ 2.115.23 268.75 177.75 132.00 £ 1,569.60 204.88 sg.00 239.45 £ 33,959.58 11 Genoral and Admln16tratlon Licences.. CCL and PRS FWO envelopes - printing Church postcard - printsng Stalionery Postage Church 123- webslte fees 236.40 63.00 81.80 234.67 45.20 243.00 12 Miscellaneous Expendbture Transfer lo Organ & Mu81¢ FLtnd Gift voucher foT Auditor Poppy wreath Diocgsan R8g181rar, fee for reglslralion in Register of Controlled Interest5 in Land Tea, coffee, cleaning Items 500.00 eo.00 23.98 300.00 21.77 13 Bethany Chrlfytlan Trust Opening balance 01.40.23 208.18 In¢ome: Donations StXJll8ored Run - Stephen Shoobridge Gift Aid recovered on ellglN& donalh)ns for SF¥Jnsored Run 120.00 883.00 90.00 £ 1,093.00 Expendlture: Christmas boxe512IT231 724.43 Closing balance 30.09.24 10
14 Rectory Expendltuie Insurance Eleolricity Gas Window cleaner Bedroom carpel Plumber, blanking off various pipes Boiler service £ 1,384.25 400,66 £ 1,256.01 20.00 224.00 128.12 77.40 £ 3,490.44 15 Vacancy Expenses Church Times, advertising Inl8rvlew8es' expenses (travell Interview6e8' expenses (a0MModatIOn1) 645.84 286.33 160.00 £ 1,092.17 16 Spe¢lal Colleetlons Bishop's Lent Appeal Cupar FoDd Bank, net procgeds of Mar¢h Concert eal for Sl Columba's S 525.CQ 500.(X) 418.86 830.00 appTec4ation of their servlce during the vacancy ,cas ona ions - Includlng cheques made payable to Chrlsti8n AKI, the total cdlecled was £807.00 207.00 17 None of the vostry members received any remunerati¢y) or expenses relating lo their positlon as vestry memb6rs, apart from the reimbursement of expensès Incurred (such as postage, stalioneryl.