CHARITY REFERENCE NUMBER SC 023273 HOLY TRINITY SCOTTISH EPISCOPAL CHURCH, MOTHERWELL ACCOUNTS FOR YEAR ENDED 30 SEPTEMBER, 2024.
NAME
POSITION
STATUS
FROM YEAR
Banker
Bank ofScotland, 32 Brandon Parade South, Motherwell. ML1 1UW.
Church Address/Principal Office
Holy Trinity Scottish Episcopal Church Report year ended 30+ September, 2024.
The members of the Vestry present their annual report together with the financial statements for the year ended 30 September, 2023 at the general meeting held on 15 December, 2024.
Structure and governance
In terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities (Scotland) Regulations 2006, the Vestry reports to the congregation as follows:
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Holy Trinity Episcopal Church, Motherwell, is a registered Scottish Charity (SC 023273).
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It is a member of the Diocese of Glasgow and Galloway of the Scottish Episcopal Church.
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The Superior Authority was the Bishop of Glasgow and Galloway — Right ae... July, 2020, now retired.
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All of its affairs are governed by the Vestry.
Appointment of Vestry members
Vestry members are elected or appointed by Annual General Meeting established by constitution and under the Canon Lawofthe 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 trustees of a charity.
Administrative Structure
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 and other buildings in good working order and to look after the finances of the Church.
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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 and Activities
The Church’s principal activities include provision of acts of public worship in word, sacrament and prayer, Christian education, charitable work and fundraising for local. national and international needs, the outward looking mission of the Church is to better serve the needs of the local community.
Volunteers The Vestry is grateful for the time freely given by volunteers, without whom many of the activities would be unable to operate.
Achievements and performance The Church continues to make limited facilities available for use and provides access and worship for the whole community.
Reserves The Vestry has adopted a policy of trying to maintain a level of unrestricted reserves 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.
Statement of the Vestry Members’ responsibilities
The members of the vestry must prepare financial statements, which give sufficient detail to enable an appreciation ofthe transactions of the Church during the financial | year. The members of the Vestry are responsible for keeping proper accounting records, which, on request, must reflect 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 Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.
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Holy Trinity Scottish Episcopal Church, Motherwell. Receipts and Payments Account Year ending 30 September, 2024.
| Receipts | 2024 Notes | 2023 | ||
|---|---|---|---|---|
| Donations received | ||||
| Voluntary Income: | ||||
| Pledged giving | £18,776.35 | £19,657.11 | ||
| Open Plate | 1,260.02 | 1310.57 | ||
| Bronze collection | 47.63 | 32.90 | ||
| Tax Reclaimed -Gift aid | 0.00 | 3447.00 | ||
| Personal donations | 10.00 | 0.70 | ||
| Weddings/Funerals/Baptisms | 100.00 | 184.00 | ||
| Receipts from Investments | ||||
| Investment income SEC Unit Trust | Pool) | 3,165.93 | 10 | 2929.40 |
| Bank interest | 183:95 | 38.96 | ||
| Gross receipts from other charitable activities | ||||
| For use ofpremises | 0.00 | 84.00 | ||
| Memorial tree. Magazine box& books | 4.00 | 0.00 | ||
| 50/50 Club | 447.00 | 0.00 | ||
| Votive candles | 356.34 | 524.84 | ||
| Sunday& Wednesday coffee | 1,102.72 | 1143.55 | ||
| Lent Appeal | 0.00 | 30.00 | ||
| ChristianAid | 201.00 | 5 | 0.00 | |
| Grants Received | 6 | |||
| Cares (refund ofArchitect& Engin | fees) | 5,779.00 | 500.00 | |
| Benefact | 0.00 | 3900.00 | ||
| Stipend and travel augmentation | 0.00 | 3000.00 | ||
| Contribution from St Andrew's (monthly payment) | 3,600.00 | 8 | 8800.00 | |
| (additional payments) | 0.00 | 1239.69 | ||
| Miscellaneous | 1] | |||
| Bank re (3) complaints | 100.00 | |||
| Diocesan refund | 230.00 | |||
| VAT refund | 592.00 | |||
| British Gas refund | L7Zals | |||
| Unidentified income | 445.88 | 3,091.05 | 26.10 | |
| TotalReceipts | 38,124.99 | £46,822.72 |
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| Payments for charitable activities | Payments for charitable activities | 2024 Notes | 2023 | ||
|---|---|---|---|---|---|
| Net Stipend | 0.00 | 4 | £14,121.27 | ||
| Deputising fees | 4,519.65 | 1,735.20 | |||
| Travel expenses | 0.00 | 218.00 | |||
| PAYE/NICs | 0.00 | 2,973.73 | |||
| Pension Fund contributions | 0.00 | 5,501.40 | |||
| Council Tax | 0.00 | 1,920.68 | |||
| Telephone/Postage/Meetings | 0.00 | 97.50 | |||
| Diocesan Quota | 2,613.00 | 2,814.00 | |||
| Organist | 0.00 | 425.00 | |||
| Insurances | |||||
| Church buildings | 2,658.95 | 2,257.17 | |||
| Rectory | 2,108.95 | 1,514.29 | |||
| Security system | 975.78 | 312.00 | |||
| Fire extinguishers | 301.50 | 0.00 | |||
| Maintenance | |||||
| Church buildings | 1,763.64 | 5 | 1,166.01 | ||
| Rectory | 1,023.00 | 438.95 | |||
| Heating/Light/Water | |||||
| Church buildings | 2,806.22 | 5 | 4,510.71 | ||
| Rectory | 1,104.63 | 238.74 | |||
| Administrative expenses | |||||
| Altar Requisites | 309.62 | 413.63 | |||
| Literature | 121.62 | 0.00 | |||
| Stationery | 0.00 | 53.25 | |||
| Photocopier | 54.00 | 7 | 494.27 | ||
| Pledge envelopes | 131.83 | 129.34 | |||
| Printing | 2727 | 0.00 | |||
| Other expenses | |||||
| Presentations/Donations/Gratuities | 275.00 | 9 | 0.00 | ||
| Lent Appeal | 0.00 | 0.00 | |||
| Poppy Scotland | 100.00 | 0.00 | |||
| North Lanarkshire Lottery fee | 20.00 | 20.00 | |||
| Jubilee celebration | 0.00 | 107.34 | |||
| SEI Training | 55.00 | 55.00 | |||
| Hire ofdehumidifiers for Rectory | 199.20 | ||||
| Outlays re titles and valuation | ofRectory | 222.00 | |||
| Project | |||||
| Planning Permission fee | 0.00 | 500.00 | |||
| Building Warrant fee | 0.00 | 639.00 | |||
| Structural Engineer's fee | 0.00 | 936.00 | |||
| Architect's fee | 0.00 | 5,232.00 | |||
| Refund ofBenefact grant | 3,900.00 | 0.00 | |||
| Diocese | Payment to balance underpayment | 930.00 | Il | ||
| Governance costs | |||||
| Independent Examiner's fee | 270.00 | 250.00 | |||
| Total Payments | 26490.86 | £51,074.48 | |||
| (Deficit)/Surplus foryear | £11,634. 13 | ||||
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Holy Trinity Scottish Episcopal Church, Motherwell.
Statement of Balances as at 30th September, 2024
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| 2024 | 2023 | |
|---|---|---|
| £ | € | |
| GENERAL FUND | ||
| Bank and cash in hand | ||
| Opening balances | ||
| Bank ofScotland Current Account | 7,192.94 | 3,457.56 |
| Bank ofScotland Savings Account | 5.233.10 | 13,194.14 |
| 12,426.04 | 16,651.70 | |
| Deficit/Surplus for year | 11,634.13 | -4,225.66 |
| Closing balances | ||
| Bank ofScotland Savings Account | 22,436.64 | 5,233.10 |
| Bank ofScotland Current Account | 1,623.53 | 7,192.94 |
| INVESTMENTS | ||
| Scottish Episcopal Church Unit Trust Pool | (3,639 units) | |
| Market value at start ofyear | 96332.34 | 91,357.46 |
| Unrealised gain/loss | 14,677.90 | 4,974.88 |
| Market value at end ofyear | 111,010.24 | 96,332.34 |
| TOTALFUNDS | 135,070.41 | 108758.38 |
All funds are unrestricted
Approved by the Vestry on /2 ZA /Vig+-er. 2S. Ly~eve
Treasurer
Aeting Rector/Chairman
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Holy Trinity Scottish Episcopal Church, Motherwell.
Notes to Accounts for year ended 30 September, 2024.
1. Accounting Policies
The preparation of the accounts has been on a receipts and payments basis. They consist of a summary of money received and paid via the bank and in cash by the Church during the financial year, along with a statement of balances. No allowance has been made for any expenses incurred but not yet paid at the year end.
2. Funds
There are no restricted funds. The General Fund supports the work of the Church as well as funding property repair and maintenance.
3. Special Collection
The only special collection during the year was for Christian Aid.
4. Trustee Expenses
None ofthe elected Vestry members received any remuneration or expenses relating to their position as Vestry members. Deputising Fees for visiting clergy taking services during our “vacancy” are also included among the items of expenditure. Their travelling expenses form part of the total figure for that item.
5. Property
a) The church, vestry hall and rectory are not shown in the Statement of Balances as the Vestry believes it is not possible to put a material value on them. The total valuation ofthe buildings for insurance pufposes[is] | £7,350,000.00, consisting of £6,650,000 for the church & communicating vestry hall plus contents, and £700,000.00 for the rectory.
b) Expenses incurred in the operation, repair and maintenance of the properties are as indicated below:
| Church | Heat& Light | £2,806.22 |
|---|---|---|
| Church | Maintenance | 1,763.64 |
| Rectory | Heat& Light | 1,104.63 |
| Rectory | Maintenance | 1,023.00 |
| Total | £6,697.49 |
6. Grants
Grants were previously received in connection with a project to proceed towards Net Zero. As it had been decided not to proceed with heating by air-source heat pump and solar panel electricity generation, we repaid the grant from Benefact. However, Cares refunded professional fees (excluding VAT) disbursed to the Architect and Structural Engineers instructed in connection with the project.
7. Administrative Expenses
The amount of £54 for the photocopier was for a routine repair.
8. Linked Charge
Holy Trinity is a linked charge with St Andrew’s, Wishaw, and the normal arrangement is that our congregation is responsible for two thirds of clergy, rectory and certain other associated administration/
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expenses. This has been accepted as £300 per month.
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9. Presentations/Donations/Gratuities
A charitable donation of £100.00 was made to Aberlour (Children’s Charity) from the Christian Aid collection, £150 to our past Treasurer as a token of appreciation and £25 to the Servers’ Guild.
10. Investments
In addition to having received income of £3,165.93 generated by them during this financial year, the funds originally invested during 2015 in the Scottish Episcopal Church Unit Trust Pool, because of stock market fluctuations, have shown an unrealised gain of £14,677.90 during the current financial year and their market value at 30 September 2024 stood at £111,010.24.
Bank interest of £183.95 from Bank of Scotland on the sum of £22,436.64 in the Savings Account.
11. Miscellaneous
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a) We had occasion to complain to Bank of Scotland three times, resulting in payments totalling £100. b) We received from the Diocese £230 in respect of a double payment made one month. However, the monthly direct debit had been miscalculated requiring a balancing payment of£930.
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c) Further in connection with the net zero project, a refund totalling £592 was received from Listed d) Buildings of some of the VAT paid on the fees to our Architect and Consulting Engineer. British Gas had consistently taken direct debit sums in excess of what was due for energy usage and refunded £1,723.17.
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I report on the accounts of the charity for the year ended 30 September 2024 which are set out on pages 5 to 9.
Respective responsibilities of Vestry Members and Examiner
The Church’s Vestry members, who are the Trustees, are responsible for the preparation ofthe accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”). The Church’s members of the Vestry consider that the audit requirement of Regulation 10 (1) (d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. 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 ofany unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in such an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
|) 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 Regulations, and - to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 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:
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Date: 2s Fetwin 26S
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