Registered Charity No SC 023272 ST JOHN THE EVANGELIST SCOThISH EPISCOPAL CHURCH INVERNESS ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
ST JOHN THE EVANGELIST scorrisH EPISCOPAL CHURCH, INVERNESS Accounts for the Year Ended 30 September 2024 Contents Page Reference and administrative information Vestry report Independent Examiner's report Receipts and Payments Account statement of Balances Notes to the accounts 8-10
ST JOHN THE EVANGELIST scorrisH EPISCOPAL CHURCH, INVERNESS Accounts for the year ended 30 September 2024 Reference and Administratlve Information Registered Charity No SC 023272 Principal Addre8S St John the Evangelist. Southside Road, Inverness Charity Trustees (Vestry Members) Reslgnatlons Bankern Bank of Scotland 2- 6 Easlgate Inverness Independent Examiner MacKenzie Kerr Limited Chartered Accountants Redwood 19 Culduthel Road Inverness IV2 4AA
ST JOHN THE EVANGELIST scorrisH EPISCOPAL CHURCH, INVERNESS Accounts for the year ended 30 September 2024 Annual Report of the Members of the Vestry As the Charlty Trustees of St John the Evangelist, the vestry presents the annual accounts for the year ended 30 September 2024. Structure, governance and management StJohn's Church is an unincorporated association. As a membercongregation ofthe Diocese of Moray, Ross and Caithness in the Scottish Episcopal Church, it is governed by the Canon Law of the Scottish Episcopal Church. The management team of the Church is known as the Vestry. For the purpose of charities law, the members of the Vesiry are the Charity Trustees of the church. Details of the Vestry members are given on page 1. Apart from the Rector, ordinary Vestry members are elected by the Congregation in annual meeting. Vestry members usually serve for a term of 3 years and may serve for a maximum of 2 consecutive terms. One Vestry member (the rector's warden} is appointed by the Re¢tor and one Vestry member (the people's warden) is appointed by the Congregation. The Vestry secretary and the treasurer are appointed by the Vestry. The Rector is appointed by the Vestry and the Bishop of the Diocese. There is no formal induction programme but ongoing guidance is given to ensure Vestry members are familiar with the Church's values, aims and responsibilities as the designated trustees of the charity. Charltablg objectives, actlvltles and achievements We are a small, friendty congregation whose objective is to advance the mission of the Christian Church (which is the building of the kingdom of heaven) through worship, service and prayer gatherings and encouraging new members. These annual accounts presenl a summary ofour financial aclivities during the year and give an overview of the general activities which have taken place in the life of our church in the past year. Services have continued in the church building on each Sunday. Appointed clergy regularly visits house-bound members of the congregation and provides pastoral support and the Sacrament to them and are also in contact with a number of people associated with the church. has been appointed as temporary priest with charge to oversee vestry meetings at St Johns. continuing wors Ipan The rectory has continued lo be let through the letting agency.
ST JOHN THE EVANGELIST SCOThISH EPISCOPAL CHURCH, INVERNESS Accounts for the year ended 30 September 2024 Annual Report of the Members of the Vestry (continued) Financial review All of the members of St John's have this year, as in past years, proved to be very generous. The church has contributed its full share of Quota in the year. The Quinquennial report prepared previously highlighted a number of works and repairs to be carried out on the fabric of both the church and the church hall. Most of this work has still to be carried out. Commencement of glazing works has resulted in the removal and total replacement of stained-glass windows in the vestry. These windows are deemed the most urgent for renewing I replacing on the advice of the glazier. This work on the vestry windows is now complete. The Vestry of St John's will be looking for fundraising not just from its members but also further afield to continue the glazing work to be rrIed out throughout the church. Income St John's Church relies heavily on the generosity of its congregation for most of its day to day funding. Additionally, amounts are generated by fundraising activities such as fetes, donations for the use of the hall, and from investment income. ReseNes St John's Church reseNes fall into the Gategory of unrestricted, restricted and endowment funds. Unrestricted funds can be spent on any relevant activity; restricted funds can only be spent on a defined activity (e.g. refurbishment appeals. etc). The endowment fund was the capital initially used to set up the church and was invested in the Rectory. Investments Monies which are not needed to fund day to day expenditure are invested in the Scottish Episcopal Church Unit Trusl Pool (UTP), administered by Baillie Gifford. The investment policy of the UTP, which accords with that of the vestry, is to earn a return on the assets, over the long term. sufficient at least to maintain the real value of the distribution to unit holders. The UTP has developed an ethical investment policy. No investments will be made in companies who derive more than 15% of their revenue from tobacco, armaments or gambling. The majority of the UTP is invested in UK equities.
ST JOHN THE EVANGELIST SCOThISH EPISCOPAL CHURCH, INVERNESS Accounts for the year ended 30 Septsmber 2024 Annual Report of the Members of the Vestry (continued) Relationshlp wlth Dlocese and Provlnce St John's is supported by the Diocese and the Province through the pastoral oversight of the Bishop, and central sUPPOrt functions provided at Diocesan level. The church is represented at Diocesan level by the Rector and the Lay Representative. As a member of the SEC, St John's has an obligation to contribute to the costs of the Diocese and the Province through the payment of an annual 'quota'. Plans for future periods The Veslry intends to renovate and refurbish the church and the church hall into friendly, wam) and usable spaces and Ihereby increase its support of the community in Crown. Statement of responsibllltles of membets of the Vesty The members of the Vestry must prepare financial stalement that give sufficient detail to enable an appreciation of the transactions of the church and of its results for that period. The members of the Vestry are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the church and to enable them to ensure that the financial statements comply with Ihe relevant legislation. The members of the Vestry are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. Conclusion The members of the Vestry would like lo thank all those who contribute their time, energy and money so generously to ensure the continuation and development of St John's church as a centre of worship and focus for the community. y order of the Vestry
Independènt Examiner's Report to the Vestry Members of St John the Evangelist Scottish Episcopal Church, Inverness I report on the accounts of the charity for the year ended 30 September 2024 which are sel out on pages 6 to 10. Respective responsibilities of truste85 and examlner The charity's trustees are responsible for the preparation of Ihe accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charrties Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1 }(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts 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 ststement My examination is carried out in accordance with Regulalion 11 of the Charrties Accounts (Scotland} Regulations 2006. An examination includes a review of the accounting records kept by the charily 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 view given by the a¢¢ounts. Independent examiner's statement In the course of my examination, no matter has come to my attention.. which gives me reasonable Gause to believe that in any material respect the requirements- to keep accounting records in accordance with Section 44(1)la) of the 2005 Act and Regulation 4 of Ihe 2006 Accounts Regulations. and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations, have not been met, or 2. to which, in my opinion, attention should be drawn in order lo enable a proper understanding of Ihe accounts to be reached. MacKenzie Kerr Limited Chartered Accountants Redwood 19 Culduthel Road Inverness, IV2 4AA 2? 7vL4- Date
ST JOHN THE EVANGELIST SCOThISH EPISCOPAL CHURCH, INVERNESS Receipts and Payments Account for the Year Ended 30 September 2024 Unrgst- ricted Rest- Endow- 17Ctgd m8nts Total Funds 2024 Total Funds 2023 Notes Receipts Donations ReIpts from fundraising activities Special collects'ons Receipts from investments other than land and buildings Income from land and buildings Gross receipts from other charitable aclivities 25,636 420 5.076 30,712 420 28,234 300 819 819 758 11,484 19,133 19,133 30 30 35 Total receipts 26.905 5,076 19,133 51,114 Payments Payments relatlng to charltable activities Clergy and ministry costs Quota 11,211 8,520 34,808 767 11.211 8.520 39.884 767 11,985 8,733 22,364 448 Propety expense5 Administrative expenses Charitable expenses Legal and profasslonal fees Accountancy fees Other expenses 5,076 180 180 620 443 1,965 720 2,070 745 2,070 263 Total payments for charitable activitles 58,744 5,076 Govemance costs Independenl examine¢s fee 240 Total payments 59,428 (Oeficit)ISurplus for the year 32.523 19.133 13,390 6,527 The notes on pages 8 to 10 form part of these accounts.
ST JOHN THE EVANGELIST scorrisH EPISCOPAL CHURCH, INVERNESS Statement of Balances as at 30 September 2024 Un$t- ricted Rest- Endow- ncted ments Total Funds 2024 Total Funds 2023 Cash at bank and in hand Balance at beginning of year (Deficitllsurplus for year Total Cash Funds at end of year 27,345 17.000 44,345 50,872 13.390 6,527 13,955 30,955 44,345 Investments (SEC Unlt Trust Poolj Balance at beginning of year Unrealised gain/(loss) in year Market Value at end of year 24,909 3,797 24,909 23,623 1.286 28,706 17,700 28 706 24,909 Fund Balances (Cash and Investments) At beginning of year Cash {deficit) I surplus for year 52,254 17,000 69,254 74,495 (32,523) 3,797 19,133 {13,390) (6,527) 3,797 1,286 Movements in investments Transfers 19,133 19,133 At end of year 42,661 17,000 69,254 and signed on their behalf by The notes on pages 8 to 10 form part of these accounts.
ST JOHN THE EVANGELIST SCOThSH EPISCOPAL CHURCH, INVERNESS Notes to the Accounts for the Year Ended 30 September 2023 1. Accounting pollcles Basis of preparatlon of the accounts The accounts have been prepared on a receipts and payments basis. They consist of a summary of all monies reiVed and paid via the bank and in cash by the church during the financial year, along with a statement of balances. No adjustments have been made for any income due but not received, nor for any expenses incurred but not yet paid at the year end. Except for investments, fixed assets are not caprtalised. Funds Unrestricted funds are available for use at the Vestry's discretion in fijrtheran of the church's objectives such as outreach into the community- restricled funds are those given for specific purposes. Restricted funds represent monies donated towards the cost of replacing the heating in the church hall and donations towards required major repairs to the fabric of the Church and its Hall. Designated funds are unrestricted fun(Is that have been allocated for a specific purpose by the Vestry. The endowment fund was the capital initially used to set up the church and was invested in the rectory. Rental income from the buildings held in endowment is of an unrestricted nature and may be used for any purpose. Church Bulldlngs The church, the hall and the rectory are held in Trust separate from the church's funds and are not shown in the statement of balances. The Vestry believes that it is not possible to Pla a market value on them. The valuation of the church. hall and rectory buildings for Insuran purposes is £9,980,000. Special Collections In some years, the church makes special collections for charities. These funds are banked and the total paid over to the relevant charity before the end of the calendar year.
ST JOHN THE EVANGELIST scorrisH EPISCOPAL CHURCH, INVERNESS Notes to the Accounts for the Year Ended 30 September 2024 {continued) 2. Donations 2024 2023 Unrestricted funds Congregational giving Gifl Aid on congregational giving Other donations 18.491 18,627 4,591 2,554 25,636 9,019 399 28,045 Restricted fund5 Grants Special collections 5.076 189 189 5,076 3. Receipts from fundraising activities 2024 2023 Unrestricted funds Fetes & Events 420 420 300 300 4. Receipts from investments other than land and buildings 2024 2023 Unrestricted funds SEC Unit Trust dividends 819 819 758 758
ST JOHN THE EVANGELIST SCOThISH EPISCOPAL CHURCH. INVERNESS Notes to the Accounts for the Year Ended 30 September 2024 (continued) S. Property expenses 2024 2023 nrestricted funds Routine repairs and upkeep Window restoration Insurance Heat and light Rates and water Redory costs Cleaning 5,704 8,724 3,475 15,719 1,759 4,112 170 3,679 8,225 1,384 3,372 34,808 22,364 2024 2023 Restricted funds Window restoration 5,076 5,076 6. Remuneration and expenses pald to vestry members Costs of £9,440 were paid to the Diocese as our share of the Stipend costs. None of the Vestry members receive any remuneration or expenses relating to their position as Vestry members. 7. Restricted Funds 2024 2023 Repairs Fund Heating Fund 13,000 4,000 17,000 13,000 ,,4,000 17,000 10