st Maelrubha's Scottish E isco al Church Poolewe Scottish Charity SC020389 Trustee's Annual Report Recelpts & Payments Accounts For the year endlng 30th September 2025 St Maelrubha's Scottish E i5CO al Church Poolewe Charity reference number SC020389 Charlty Trustee5 Rev'd Heather Wlddows Mrsjennlferwlseman Mrs Elizabeth Jackson Mrs Belinda Dreisbach-pollington Mr Guy Dreisbach-pollington Secretary Lay rep Alt lay rep Independent Examiner Alliah Hamld Swan Accountants Abbey Mlll Buslness Centre Offlce 208 Old EmbroSdery Mill Seedhill Road Paisley, PAI ITI Bankers Bank of Scotland Galrlo¢h Ross-shire IV212BE Church Address St Maelrubha's Scottish Eplscopal Church Poolewe Ross-shlre IV22 2JP Princlpal Offlce CIO lenny Wiseman Sleepy Hollow Mell(Jn Charles Aultbea Aoss•Shlre IV22 2JN St Maelrubha's Scottish E isco al Church Poolewe Report of the Vestry for the year ended 30th September 2025 The members of the Vestry presenttheir annual report iogetherwith the finanoal statements forthe year ended 30th SeptÈmber2025. Structure and Govèrnance In terms of the Charities and Trusteè InvÈstment IScot13ndl Art 2005 and the Charities A¢¢¢uftts (Scotlandl RegulatSons 2006, the Vèstry reports as follow5.. l. St Maelrubha's Scottlsh Eplscopal Church, Poolewe is a reglstered Scottish Charlty ISC0203891. 2. It 15 a member of the Diocese of Moray, Ross and Calthness of the 5cotttsh Eplscopal Church and 15 in full communion with the An8lic3n Church. 3. The superior authorlty Is the Bishop of Moray, Ross & Caithness 4. All of its affairs are governed by the Vestry, Appolntment of Vestry Members Vestry members a￿ elected or appointed by the AGM estsblSshed by constltutlon and under Canon Law of the kott15h Eplscopal Church, There 15 n¢ formal Induttlon programme but on-goin8 guidance is given to ensure that Vestry mernbers are f8mlllar wlth the Church's value5, alms and respoThslbllltles a5the designated trustees of a charity. Statsment ol R15k The Vestry keeps under fevlew thè major rlsksto whlch the Chyr¢h Is exposed and ha5 estab115hed procedures to mStSgate any r15k5 Identllled. Charltable Oblectlves& Actlvltles The Church's principal activitles Include publlc worshlp In sa¢ramentand Prayer, Chr15tlan educatlon. charltable work and fund raisin8 for local, natlonal and internatlonal needs, soclal meetin8s, predomlnantly the youth and elderly and ¢ommunltV 8roup5 Of all age5 and outreach to the many vlsltors to the area during summer months. Voluntg8rs The Vestry 15 grateful for all the tlme freely8lven byvolunteer5, wlthout whom many of the actlvitleswould be unable to operate. Achievements and Performance The Church continue5 to make It5 facllltles 8vallable for use and to provide worshlp for the whole community. Flnancl31 Revlew The accounts show a surplus foi the year of £1,80512024: deficit £3.4181. letting income from Church House decreased this year, but so éid expenditure on maintenance and repairs and renewals. There was a Significant increase electricity ¢OSt$ for Church House, sllghtly offset by a refund from the supplier. A switth to a more cost effectlve supplier has resulted in reduced utility tosts for the Church Hall and the same Is planned for the Church House. The accounts shDw that total receipts have decreased to £20.68812024.' £25,103> but that total expendlture also decreased to £18,88312024.. £28,5211, excluding Fairtrade income St Maelrubha's Scottlsh E Isco al Church Poolewe Rese￿$ The Vestry has adopted a pollcy of tryingto maintsin a level of unrestricted reserves such that, in the event of a si8nificant drop in incorne. the Church would be able to malntaln Its current level of activities for a reasonable period until replacement funding is obtained. As of 30 September2025 the charity held reserves ol £19,554 in the bank and a unit trust investment wSth a marketvalue of £15,224. The charlty has sutticient reservesto contSnue to operate forthe foreseeable future. Statement of the Vestry Member's Responslbllltles The members of the Vestry must prepare financial statements whlch 8lve sufficlent detall to enable an appreciation of the transactions of the Church durlng the finantial yèar. The members of the Vestry are responsible for keepin8 proper accounting records which, on request, must reflect the currènt financi81 pgsltion of the Church at that tlme. Thls must be done to ensure tliat the financial statements comply with the Charltles and Investment Ikotlandl art 2005 and Charitles Accounts (Scotlandl regulation5 2006. They are also responsible for sale8uardln8 the assets of the Church and must take reasonable steps for the preventlon and/or detection ol fraud and other irre8ularltles. On behalf gf the Vestry Jennlfe Wlseman eather Wlddows Date.. St Maelrubha's Scottlsh E Isco al Church Poolewe Recelpts and Payments Account for the year ended 30th September 2025 Note 2025 2024 Recelpts Donations Income from land & buSldlng5 Investment income Miscellaneous Income Fairtrade Sncome 4,234 ,068 452 934 S,(KJ3 19,675 398 27 20.688 25.103 Paym•nts Payments for charitable acrivltles Charitable grants & donat5ons Governante tosts Purchase of Units re Unlt Trust Fairtrade purchases 18,298 45 540 27,983 Iso 18.883 28.521 Surplus/defl¢it for year 1,805 3,418 ststement of Balances as at 30th Septèmber 2025 Bpnk & ush In hand Openlng balance Surplusldeficit for yèar Ilncl. Falrtradel Falrtrade Closlng balance 17,749 1,805 21,167 3,418 19.554 17,749 DebtOTS Creditors 20 587 232 SEC UnltTrust Unlts 457 Balance Blfwd @ 01 Oct 24 In Year salelpurchase of units Market value at 30 Sep 25 13,941 457 15,224 These accounts were approved by the Vestry and 518ned on thelr behalf nifer Wi eman Heather Widdows Date.. st Maelrubha's Scottlsh E Isco al Church Poolewe Independent Examiner'5 report to trustees I report on the accounts of the Charity for the year ended 30th September 2025 as set out In pages 6 to B. The charl￿S trustees are re5ptsnsiblefor the preparatlon of the accounts In accordance with the terms of the Charities and Trustee lrnvestment Iscotlandl 2005 Art and the Charltles Accounts (Scotlandl Re8ulatlons 2006. The charlty trustees considerthat the audit rÈquirement of Re6ulatltsn 10111 Idl of the Account5 Regulations does not apply. It is my re5ponsibllity to examlne the a￿Ount5 a5 required under section 44111 1¢) of the Act and to state whether particular rnatters have come to my attèntion. Basss of Independent Examiner's Statement My examlnatlon Is carrled OUI in accordance with Regulatlon 11 of the CharSties Accounts (Scotlandl Regulations 2006. An examinatlon Includes a réview of the accountln8 records kept by the charity and a comparlson of the accounts presented wSth those retords. It also include5 consideratlon of any unu5U31 bterns or d15closures In the accounts and seeks explanations fyom the trustéè5 concerning any such mBtters. The procedures undertaken do not provide als the evidence thatwould be requlred In an audit and, ¢on5equently, I do ngt express an audlt oplnlon on the accounts In the course of my examlnatlon, no matter has come to my attention1otheF l. whlch gives me ￿¥Sonable CBuse to belleve that In any material respe¢t the requlrements:. to keep a¢¢ountln8 records In accordance with sectlon 4411) lal of the 2005 Act and Regulatlon 4 of the 2006Accounts Regulations, and • to prepare account5 which accord w5th the accountln8 reeords and complywith Re8ulatSon 9 of the 2006 Aecoynts Resulatlons have not been mel or 2. to which, In my opSnlon, attention should be drawn Sn crderto enable a proper understandlng of the accounts to be reached. $18ned'. Name.. Alllah Hamid Dats., Address.. Swan Acc¢)vntants Abbey Mill Bu51ne55 Centre Office 208 Old Embroidery Mill Seedhlll Road Paisley, PAI ITJ St Maelrubha's Scottish E isco al Church Poolewe Notes to the A¢¢ounts Gèneral Property The value of the Church is not shown in the statement of balances as the Vestry believe that It 15 not possible to placÈ a market value on it. The valuation of the building for Insurance purposes is £478,000. Fund5 All funds are unrestrlcted. wlth the Falrtrald funds held as a dÈslgnated fund Note 2025 2024 Donatlons GIftAid & GASDS 5t8ndlng orders Glft ald donations Sundry donations Open plate donations Gift aid tax reclalmed 1,547 713 129 567 813 3,769 1,642 1.625 154 207 616 4,244 Non GIftAld Sundry donatlons Fundralsln8 actlvStles 420 45 465 759 759 rotal donatlon5 Income from land & bulldlngs Church house Income Church hall 5ncome Weddlng and funeia15 14,526 312 230 19,408 267 19,675 Investment Inwme Sale of Unit5 SEC Investment Di5tribution5 452 452 398 398 Mlscellaneous Income Refund of ElectricSty payments Refund of Insurance payments Refund ofTelecoms payments 8ank compensatlon 934 27 934 27 St Maelrubha's Scottlsh E isco al Church Poolewe Payments forcharltable artivltles Dlocesan quota & penslon Church expenses Clergy & lay expenses Church hall costs Church house costs Management & adrnin 3,918 1.556 358 628 11,138 700 3,426 6.377 613 4,086 12,746 735 5A 5B SC SD 5A Church expen5e5 Insurance Electrlcltylutllltles Maintenance Other 540 528 2.954 2,399 496 149 651 216 5B Cler8y & lay expenses None of the Vestry Member5 received remuneratlon in respect ol their posltion as Vestry members. Expen5e5 were pald to member's of the Vestry as follows.. Rev. H Widdows 358 613 358 SC Church hall Costs Malntenance Cleanlng Insurance 3,558 540 628 528 SD Churth house c05t5 Electricitylwater Cleanlng Advertlslng Malntenance Phone Insurance 5,187 2,536 120 2,263 492 540 1,998 2,574 72 7,135 439 528 Chantablè grants & donatlons Diotèse of Moray 150 Governance costs Audlt/lE costs Fundralsln8 & publlclty expenses 300 240 540 238 388 Falrtrade fund5 There was no att￿rtY In the Fairtrade & Kinlochewe funds, the balance remalns-E281.