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← St Columba Episcopal Church: Crieff

2025-09-30-accounts

St Columba's Episcopal Church

Charity No. SC023267

Trustees' Report and Unaudited Accounts

30 September 2025

St Columba's Episcopal Church Contents

Pages
Trustees' Annual Report 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10 to 16
Detailed Statement of Financial Activities 17 to 18

Page 1

St Columba's Episcopal Church Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. SC023267

Principal Office

St. Columba's Episcopal Church Perth Road Crieff Perthshire PH7 3EB

Trustees

The following Trustees served during the year:

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Accountants

Count (Scotland) Limited. The Old Byre Mill Hills Farm Crieff Perthshire PH7 3QW

OBJECTIVES AND ACTIVITIES

Christian education, charitable work and fund raising for local, national and international needs and social meetings for many community groups of all ages. The Vestry is grateful for the time freely given by a large number of volunteers, without whom many of the activities would be unable to operate.

FINANCIAL REVIEW

Results for the year ended 30 September 2025 are given in the Receipts and Payments on page 6. The assets and liabilities are given in the Statement of Balances on page 7.

These financial statements should be read in conjunction with the accounting policies and related notes that appear on pages 9 - 16.

The Vestry adopts a policy of trying to maintain the level of its restricted and unrestricted reserves to provide for the future as a safeguard against significant drops in income or an escalation in the cost of maintaining the fabric of the Church as a fitting place of worship for the benefit of the community.

Page 2

St Columba's Episcopal Church Trustees Annual Report

PLANS FOR FUTURE PERIODS

St. Columba's Vestry is committed to working closely with St. Serf's, Comrie and St. Angus, Lochearnhead both at committee level and more importantly in joint worship for the future benefit of our respective charges. We will continue our range of current activities and seek to further good relations with other Christian communities in the area.

STRUCTURE, GOVERNANCE AND MANAGEMENT

St. Columba's Episcopal Church, Crieff (the Church) is an unincorporated association, and is independently constituted and governed by a Constitution dated 5 February 1989 and 16 June 1989. The affairs of the Church are governed by the Vestry whose members are elected by the Congregation and serve as Trustees for the benefit of St. Columba's. The Church is a member of the Diocese of the Scottish Episcopal Church of St. Andrews, Dunkeld and Dunblane and is in full communion with the Anglican Church. The Church acknowledges that the superior authority is the Bishop of St. Andrews, Dunkeld and Dunblane as set out by the Code of Canons of the Scottish Episcopal Church.

Vestry members are elected or appointed by Annual General Meeting established by constitution and under Canon Law of the Scottish Episcopal Church. The appointment of Rector's Warden is made by the Rector. There is no formal induction programme but ongoing guidance is given to ensure that Vestry members are familiar with the Church's values, aims and responsibilities as the designated trustees of a charity.

It is the duty of the Vestry to manage the temporal affairs of the congregation with responsibility to keep the fabric and property of the church in good working order and to look after the finances of the church, the accounts of which are included herewith.

While St. Columba's is an independently constituted body, it shares the services of a Rector with St. Serf's, Comrie and St. Angus's, Lochearnhead as part of a local group of Scottish Episcopal Churches known as Strathearn Churches.

St. Columba's contributes 57% of all shared costs, including the cost of employing a Rector into a Combined Strathearn Episcopal Churches Fund. A copy of the accounts for the Fund for the year ending 30 September 2025 is included herewith.

The management of this Fund and common matters related to the four Churches is co-ordinated by a Joint Executive Committee mandated by the four Vestries and is chaired by the Rector with two representatives from each Vestry.

The cost of maintaining , Crieff, as a Rectory comes under the aegis of the Joint Executive Committee and is supported by a closed fund contributed to by each Church (The Strathearn Churches Joint Rectory Fund - see Appendix 2 of the Accounts). Its management is regulated by the Strathearn Churches Rectory Agreement concluded by the three Churches on 15 March 2009.

The Vestry keeps under review the major risks to which the Charity is exposed and has established procedures to use its best endeavours to mitigate any risks identified. There is an up to date health and safety policy in place.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 3

St Columba's Episcopal Church

Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Trustee 30 September 2025

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Page 4

St Columba's Episcopal Church Independent Examiners Report

Independent Examiner's Report to the trustees of St Columba's Episcopal Church

I report on the financial statements of St Columba's Episcopal Church for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulation 2006 (as amended). The charity trustees consider that an audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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 view given by the financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

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Count (Scotland) Limited. The Old Byre Mill Hills Farm Crieff Perthshire PH7 3QW 30 September 2025

Page 5

St Columba's Episcopal Church Statement of Financial Activities

for the year ended 30 September 2025

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other
6
Total
Expenditure on:
Charitable activities
7
Other
8
Total
Net gains on investments
Net (expenditure)/income
9
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricte
d funds
2025
£
22,359
4,819
3,678
-		 Restricted
funds
2025
£
-
-
-
-		 Total funds
2025
£
22,359
4,819
3,678
-		 Total funds
2024
£
28,021
3,034
1,437
3,200
30,856
300
49,106		 -
-
17		 30,856
300
49,123		 35,692
557
45,236
49,406
5,063		 17
619		 49,423
5,682		 45,793
18,178
(13,487)
(1,885)		 602
1,885		 (12,885)
-		 8,077
-
(15,372) 2,487 (12,885) 8,077
(15,372)
168,016		 2,487
156,883		 (12,885)
324,899		 8,077
316,822
152,644 159,370 312,014 324,899

Page 6

St Columba's Episcopal Church Balance Sheet

at 30 September 2025

Charity No. SC023267
Notes
2025
£
Fixed assets
Tangible assets
10
137,994
137,994
Current assets
Debtors
11
3,499
Investments
12
152,718
Cash at bank and in hand
17,803
174,020
Net current assets
174,020
Total assets less current liabilities
312,014
Net assets excluding pension asset or liability
312,014
Total net assets
312,014
The funds of the charity
Restricted funds
13
Restricted income funds
159,370
159,370
Unrestricted funds
General funds
152,644
152,644
Total funds
312,014		 Charity No. SC023267
Notes
2025
£
Fixed assets
Tangible assets
10
137,994
137,994
Current assets
Debtors
11
3,499
Investments
12
152,718
Cash at bank and in hand
17,803
174,020
Net current assets
174,020
Total assets less current liabilities
312,014
Net assets excluding pension asset or liability
312,014
Total net assets
312,014
The funds of the charity
Restricted funds
13
Restricted income funds
159,370
159,370
Unrestricted funds
General funds
152,644
152,644
Total funds
312,014		 2024
£
138,494
138,494
1,151
147,035
38,219
186,405
186,405
324,899
324,899
324,899
156,883
156,883
152,644
152,644
312,014		 168,016
168,016
324,899

Approved by the trustees on 30 September 2025

And signed on their behalf by:

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Trustee 30 September 2025

Page 7

St Columba's Episcopal Church Statement of Cash flows

for the year ended 30 September 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other receivables
Decrease in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
£
(12,885)
500
(3,678)
(2,348)
-
(18,411)
3,678
3,678
-
(14,733)
185,254
170,521
170,521
170,521		 2024
£
8,077
500
(4,637)
-
(1)
3,939
4,637
4,637
-
8,576
176,678
185,254
185,254
185,254

Page 8

St Columba's Episcopal Church Notes to the Accounts

for the year ended 30 September 2025

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

St Columba's Episcopal Church Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

St Columba's Episcopal Church Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 11

St Columba's Episcopal Church Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net gains on investments
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Voluntary Income
Tax Reclaimed (Gift Aid)
Legacies
4
Income from charitable activities		 Unrestricted
funds
2024
£
28,021
3,034
-
3,200
34,255
557
45,028
45,585
18,178
6,848
6,848
6,848
161,168
168,016
Unrestricted
£
10,842
3,493
8,024
22,359
Unrestricted
£
4,819
4,819		 Restricted
funds
2024
£
-
-
1,437
-
1,437
-
208
208
-
1,229
1,229
1,229
155,654
156,883
Total
2025
£
10,842
3,493
8,024
22,359
Total
2025
£
4,819
4,819		 Total funds
2024
£
28,021
3,034
1,437
3,200
35,692
557
45,236
45,793
18,178
8,077
8,077
8,077
316,822
324,899
Total
2024
£
17,260
-
10,761
28,021
Total
2024
£
3,034
3,034

Page 12

St Columba's Episcopal Church Notes to the Accounts

5 Income from investments

Dividends
Other income		 Unrestricted
£
3,678
3,678		 Total
2025
£
3,678
3,678
Total
2025
£
-
-		 Total
2024
£
1,437
1,437
Total
2024
£
3,200
3,200

6 Other income

7 Expenditure on charitable activities

Expenditure on charitable
activities
Governance costs
8
Other expenditure
Combined Episcopal
Churches
Diocesan Quota
Joint rectory fund
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
30,765
3,609
2,352
8,298
500
1,043
2,539
49,106		 Unrestricted
£
300
300
Restricted
£
-
-
-
-
-
17
-
17
2025
£
500		 Total
2025
£
300
300
Total
2025
£
30,765
3,609
2,352
8,298
500
1,060
2,539
49,123		 Total
2024
£
557
557
Total
2024
£
26,971
3,512
2,352
8,090
500
2,591
1,220
45,236
2024
£
500

Page 13

St Columba's Episcopal Church Notes to the Accounts

10 Tangible fixed assets

10 Tangible fixed assets
Cost or revaluation
At 1 October 2024
At 30 September 2025
Depreciation and
impairment
At 1 October 2024
Depreciation charge for the
year
At 30 September 2025
Net book values
At 30 September 2025
At 30 September 2024
11 Debtors
Other debtors
12 Current asset investments
Listed investments
13 Movement in funds
Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds
Total funds		 Land and
buildings
£
136,134
136,134
-
-
-
136,134
136,134
At 1 October
2024
156,883
156,883
168,016
324,899		 TFA 2 TFA 3 TFA 4
£
10,439
10,439
8,079
500
8,579
1,860
2,360
Gross
transfers
£
1,885
1,885
(1,885)
-		 Total
£
146,573
£
-
-
-
-
-
-
-
Incoming
resources
(including
other
gains/losses)
£
619
619
35,919
36,538		 £
-
-
-
-
-
-
-
2025
£
3,499
3,499
2025
£
152,718
152,718
Resources
expended
£
146,573
8,079
500
8,579
137,994
138,494
2024
£
1,151
1,151
2024
£
147,035
147,035
At 30
September
2025
£
159,370
(17)
(17)
(49,406)
(49,423)
159,370
152,644
312,014

Page 14

St Columba's Episcopal Church Notes to the Accounts

14 Analysis of net assets between funds

14 Analysis of net assets between funds
Fixed assets
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
-
147,284
147,284
At 1 October
2024
£		 Restricted
funds
£
137,994
26,736
164,730
Cash flows
£		 Total
£
137,994
174,020
312,014
At 30
September
2025
£
38,219 (20,416) 17,803
38,219
38,219		 (20,416)
(20,416)		 17,803
17,803

Page 15

St Columba's Episcopal Church Detailed Statement of Financial Activities

for the year ended 30 September 2025

Income and endowments from:
Donations and legacies
Voluntary Income
Tax Reclaimed (Gift Aid)
Legacies
Charitable activities
Investments
Dividends
Other
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Other expenditure
Combined Episcopal Churches
Diocesan Quota
Joint rectory fund
Premises costs
Light, heat and power
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Sundry expenses		 Unrestricte
d funds
2025
£
10,842
3,493
8,024		 Restricted
funds
2025
£
-
-
-		 Total funds
2025
£
10,842
3,493
8,024		 Total funds
2024
£
17,260
-
10,761
22,359 - 22,359 28,021
4,819 - 4,819 3,034
4,819 - 4,819 3,034
3,678 - 3,678 1,437
3,678 - 3,678 1,437
- - - 3,200
- - - 3,200
30,856
300		 -
-		 30,856
300		 35,692
557
300 - 300 557
300
30,765
3,609
2,352		 -
-
-
-		 300
30,765
3,609
2,352		 557
26,971
3,512
2,352
36,726 - 36,726 32,835
3,616
692
3,990		 -
-
-		 3,616
692
3,990		 2,560
2,218
3,312
8,298 - 8,298 8,090
500
1,043		 -
17		 500
1,060		 500
2,591
1,543 17 1,560 3,091

Page 16

St Columba's Episcopal Church Detailed Statement of Financial Activities

St Columba's Episcopal Church
Detailed Statement of Financial Activities
Legal and professional costs
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2,539 - 2,539 1,220
2,539 - 2,539 1,220
49,106 17 49,123 45,236
49,406
5,063		 17
619		 49,423
5,682		 45,793
18,178
(13,487)
(1,885)		 602
1,885		 (12,885)
-		 8,077
-
(15,372)
-		 2,487 (12,885)
-		 8,077
-
-
(15,372) 2,487 (12,885) 8,077
168,016 156,883 324,899 316,822
152,644 159,370 312,014 324,899

Page 17