St Maelrubha's Scottish E isco al Church Poolewe Scottish Charity SC020389 Trustee's Annual Report Receipts & Payments Accounts For the year ending 30th september 2024 St Maelrubha's Scottish E isco al Church Poolewe Charity reference number SC020389 Independent Examiner Swan Accountant5 Abbey Mill Business Centre Office 208 Old Embroidery Mill Seedhill Road PaÉsley. PAI ITJ Bankers Bank of Scotland Gairloch Ross-Shire IV212BE St Maelrubha's Scottish E isco al Church Poolewe Report of the Vestry for the year ended 30th September 2024 The members of the Vestry present their annual report together with the financial statements for the year ended 30th September 2024. Structure and Governance In terms of the Charities and Trustee Irwestment Iscotlandl Act 21x15 and the Chanties Accounts Iscotlandl Regulations 2006, the Vestry reports as follows: l. St Maelrubha's Scottish Episcopal Church, Poolewe is a regtstered Scottish Charity ISC0203891. 2. It is a member of the Diocese of Moray. Ross and Caithness of the Scottish Episcopal Church and is in full communion with the Anglican Church. 3. The superior authority 15 the Bishop of Moray, Ross & Caithness 4. All of its affairs are governed by the Vestry. Appointment of Vestry Members Vestry members are elected or appointed by the AGM established by constitution and under Canon Law of the Scottish Episcopal Church. There is no formal induction programme but on- going guidance is given to ensure that Vestry members are familiar with the Church's values, aims and responsibilities as the designated trustee5 of a charity. Statement of Risk The Vestry keeps under review the major risks to which the Church is exposed and has established procedures to mitigate any risks identified. Charitable Objectives & Activities The Church's printipal activities include public worship in sacrament and prayer, Christian education, charitable work and fund raising for local. national and international needs. social meetings. predominantly the youth and elderly and community groups of all ages and outreach to the many visitors to the area during summer months. Voluntee The Vestry Is grateful for all the time freely given by volunteer5. Without whom many of the activitie5 would be unable to operate. Achievements and Performance The Church continues to make r(s facilities available for use and to provide worship for the whole community. Financial Review The accounts show a deficit for the year of £3.41812023= surplus £6,135). Letting of Church HoLtse was again popular and income frorn this source increased when compared to last year. Signtficant maintenance expenses were incurred during the year in replacing some windows and doors to the Church Hall and Church House, plu5 painting and fencing arountl the Church grounds. Replacements and repairs to some furnishings and fittings were also required. After the slight reduttion in last year's utility costs for the Church and Church House, these costs again increased. Cleaning costs for Church House increased as charges were not previously made for the time to do this. The accounts show that total receipts have increased to £25,10312023.' £20,869) and total expenditure increased to £28,52112023-. E14,7341. excluding Fairtrade income and expenditure of £nil in the year12023'. £nill. St Maelrubha's Scottish E isco al Church Poolewe Reserves The Vestry has adopted a policy of trying to maintain a level of unrestrirted reseryes such that, in the event of a Significant drop in income. the Church would be able to maintain its current level of activities for a reasonable period until replacement funding is obtained. As of at 30 September 2024 the charity held reserves of £17.749 in the bank and a unit trust investment with 3 market value of £13,941. The charity has sufficient reserves to cpntinue to operate forthe foreseeable future. SL*emefit of the Vestry Mernber's Responsibilities The members of the Vestry must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Vestry are responsible for keeping proper accounting records which, on request, must refiett the current financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Investment (Scotlandl act 2005 and Charities Accounts (Scotlandl regulations 2(K)6. They are al￿ responsible for safeguarding the assets of the ChtJr¢h and must take reasonable steps for the prevention andlor detertion of fraud and other irregularities. On behalf of the Vestry Date- Independent Examinerfs report to trustees I report on the accounts of the Charity for the year ended 30th September 2024 as set out in pages 6 to 8. The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 21X)5 Act and the Charities Accounts (Scotland} Regulations 2006. The charity trustees considerthat the audit requirement of Regulation 1011) {d} of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) Ic) of the Art 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 leth8F l. 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 2tX)6 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Name: Date., 28 Address: Swan Accountants Abbey Mill Business Centre Office 208 Old Embroldery Mill Seedhill Road Paisley, PAI ITJ St Maelrubha's Scottish E isco al Church Poolewe Receipts and Payments Account for the year ended 30th September 2024 2024 2023 Receipts Donations Income from land & buildings Investment income Miscellaneous income Fairtrade income 5.(K13 19.675 398 27 15,474 368 1.187 25.103 20.869 Payments Payments for charitable activities Charitable grants & donations Governance costs Pufchase of Units re Unrt Trust Fairtrade purchases 27,983 150 14,363 371 28.521 14,734 Surplusldeficit for year 3.418 6,135 ststement of Balances as at 30th September 2024 Bank & cash in hand Opening balante Surplusldeficit for year lincl. Fairtradel Fairtrade Closing balance 21,167 3.418 15.032 6.135 17,749 21,167 Debtors Creditors 20 587 50 1,442 SEC Unit Trust Units 457 Balan￿ B/fwd @ 01 Oct 23 In Year sale/purchase of units Market value at 30 Sep 24 12.482 457 13.941 These accounts were approved by the Vestry and signed on their behalf Date- St Maelrubha's Scottish E isco al Church Poolewe Notes to the Accounts General Property The value of the Church is not shown in the statement of balances as the Vestry believe that it is not possible to place 8 market value on it. The valuation of the building for insurance purposes is £478.CW. Funds All ftjnds are unrestricted, with the Fairtraid funds held as a designated fun(1 Note 2024 2023 Donations GiftAid & GASD Standing orders Gift aid donations Sundry donations Open plate donations Gift aid tax reclaimed 1,642 1.625 154 207 616 1,622 1,121 169 121 662 3.695 4.244 Non GiftAid Sundry donations Fundraising activities 759 145 759 145 Total donations S.￿)3 Income from land & bulldlngs Church house income Church hall income Wedding and funerals 19,408 267 15,115 359 19,675 15,474 Investment Incorne Sale of Units SEC Investment Distributions 398 398 368 Miscellaneous Income Refund of Elertricity payments Refund of Insurance payments Refund o* Telecoms payments Bank compensation 1,027 130 27 30 27 1.187 St Maelrubha's Scottish E isco I Church Poolewe Payments for char5table activrt•es Diocesan quota & pension Church expenses Clergy & lay expenses Church hall costs Church house costs Management & admin 3.426 6.377 613 4,086 12,746 735 27,983 2,886 2,571 428 501 7.370 607 14.363 5A 5B SC SD 5A Church expenses Insurance Electricitylutilities Maintenance 528 2.954 2.399 496 501 1,211 500 359 2,571 Other 6,377 58 Clergy & lay expenses None of the Vestry member5 received remuneration in respect of their position as Vestry members. Expenses were paid to member's of the Vestry as follows- Rev. H Widdows 613 613 428 SC Church hall costs Maintenance Cleaning Insurance 3.558 528 4.086 501 501 SD Church house costs Electricitylwater Cleaning Advertising Maintenance Phone Insurance 1,998 2.574 72 7,135 439 528 12.746 1,956 1.433 72 2.931 477 501 7,370 Charitsble grants & donatlons Aultbea Community Church 150 150 Goyemance costs Independent examiner's fee Fundraising & publiaty expenses 150 150 238 388 221 371 Fairtrade funds There was no activity in the Fairtrade & Kinlochewe funds, the balance remains-£281.