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
s￿tion 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 rec￿1$. 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 seCt￿n 4411) of Ihe 2005 Act and ReguLgllon
4 01 the 2006 Accounts ReguLations', and
lo wepar& accounts whlch accord with the a￿oUnting records and comply with Regulation 9
of th6 2006 Accounts Regualions, or
lo Wh￿h, 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 off￿e et +he churcl itself, all ofldal cor)lacl ivlth OSCR Is vla thè
H￿orary 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 nominat￿n9 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
loo￿0 £
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 L￿hling
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
cOn￿rt 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 (a￿0MModatIOn1)
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.