CHARITY REGISTRATION NUMBER.. SC023278 St Andrews Episcopal Church: Fort William Unaudited Financial Statements 30 September 2024 R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS Chartered accountants 5 Argyll Square Oban Argyll PA34 4AZ
St Andrews Episcopal Church.. Fort William Financial Ststements Year ended 30 September 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not fomi part of the financial statements Detailed statement of financial adivities 19 Notes to the detailed statement of financial activities 21
St Andrews Episcopal Church: Fort William Trustees, Annual Report Year end6d 30 September 2024 The trustees wesenl ther report and the unaudited financial $tslemen15 ofthe charity for thé year ended 30 September 2024. Reference and adrnlnlstratlve detaSls Roglstered charlty name st Andrews Episcopal Church.. Fort Wllliam Charity rnglstration number SC023278 Prlncipal office Th• trust9•8 Indefident examiner Structur•. governance and management ConstltutSon and Oblectlve$ The Trust, which is a recognised charty in Scotland. is operated under the rules ol its Trust Deed dated 4 March 2001. The management of the Trust is tho re$pon$ibility of the vestry members. Rijk The trustee3 have conducted their own review of the majoi risks lo bthich the charityls exposed and $y$tems have o¥loblished to miligale those risks. Ruerves The policy ofthe charty 18 to retsin sufficienlfunds required to meet the ongoing Tunning c081s in re8P8¢t of salaiies, premises costs elc. The Board is of the oplnion that the balances hekl at the year end by the charty were pwdent Io 8n8ur& that Ihè$o eommthwnl$ ccwkl bo mot.
St Andrews Episcopal Church: Fort William Trustees. Annual Report l¢onllnu• Year ended 30 September 2024 Structiirgi govornance and managgm9Dt (¢Mthu•dJ Appolntment of Trustees E¢ted members 8ery8 for Ihfee years b8fore retiring 8nd are eligible for re-el8Ction after 8 Period of one year. The People's Warden 19 elected by the congregation during the AGM, the Secretary being in the Chair for this election. The R8ctorfs Ward£n is asked by th8 R8Ctor to ap1 appointmgnl as hi5 Warden prior lo the AGM. The Lay Represenlalive, and the amemale Lay Represenlalive are elected each year and are eligible re-election on an annual basis. OWctlv•8 •nd •etlvltl8s The ¢h8rity's policy 18 to maintain and improve the property in order to provide a wdcoming place of worship for the wholo congregation as well as for many visitors who attend St Andrew's Churth for $ervices or lo look around during the week. 11 is al80 U8e by locals for a qut lime or to light candles for Iovgd ones. Achlevements and perfomiance Despite a death and change of Ihg post of Iroasurer and a vacancy in the Parish an Episcopal vancy the diocese a set of annual accounts has been created, and the grounds and Shop havè bèèn rented out to'Go Outdoors,. Vestry Annual Report Sadly we have to f8POrt the unexpected and sudden loss of the Rector diecl very suddenty and unexpectedly from a previousty undiagnosed health ¢ond.,tio unfofeseen passing, followed not many weeks later by Ihtr death of the after a relativety short illness. has meant that cover had to be arr8nged for Sunday ¥ervice8. ewe ave been grateful lo clergy who have taken seNices when they could we h8ve been very, very grateful our Eucharkstic Minister, who has tsken services foryn the Reserved Sacrament quit¢ often llen no ordained priest was available. ho Church Hall The church h811 has continued lo prove popular on a regular basis with a variety ol Ioc81 groups. many of Ihem repeal group5, who mee1 to sing or leam about nature or discuss train lines or rehearse for a pantomime rforM in the Nevis Centre in Decembor. Closure of Te8CO The decision by Tes¢0 not to renew their rental of the Sto meanl many wtsrrEs about who would replace such a well known brand name and be able lo provide some income for Sl Andrew's Church. We were relieved when Go Outdoors moved in though il ha5 been an expensive time for St Andrew's with leg81 is8ues and fees to pay as well as some preparatory work then adjusting lo a reduced rent.
St Andrews Eplscopal Church: Fort William Trustees. Annual Report {contlnu•d) Yèar ended 30 September 2024 Flnanclal roviow For the year to 30 September 2024 there w8s a surplus of £1,890 {2023= £38.448 defiryl). Al the y88r and the Charity had £309,605 unrostricled funds12023.. £308,428). Plan$ for futur• perlods 'ms for the coming year include advertising. interviewing and selecting a n8w priest, 8ecurfng and maybe repairing the chur¢h bells, renovating the rectory and making the church waler-tight. The Irustee¥' annual report was approved on .l..Lel.:.aA?.. and signed on behaw of Ihg board ol trustees by. Trustee
St Andrews Episcopal Church: Fort Willlam Independent Examinerfs Report to the Tru8tee6 of St Andrews Eplscopal Church: Fort Wllliam Year •ndod 30 Soptsmber 2024 I report lo the trustees on my examination of the financial slalernents of Sl Andrews Episcopal Chvr¢h'. Fort William ('Ihe charity? for the year ended 30 Seplembor 2024. Respon$lbllltles and bas1¥ of report As the Iruslees of th¢ Charity you are iesponsible for the preparation of the financial stslements in 8eKordance wlh the requirements of the Charities and Trustee Investment (Scollandl Act 2005 Ilhe '2005 Acl'l and the Chari(ies AOuntS (Scollandl Regulalions 2006 (as amended). You are s8tisfied that your charity is ncl required by charty lo bg audited and have chosen in51$ad lo have an Independent examination. I r8POrt in respect of my examination of the chanty'8 financial 8tstem8nls a8 carried out under secb'on 4411}Ic} of the 2005 Act. In carrying out my examinab'on I have followed th$ requirements of Regulation 11 of the Charitie5 Accounts (Scollandl Regulations 2006 (a$ amended). Independent examlner's slatement Since the charity has prepared ts accounts on an accruals basis your examiner musl be 8 member of 8 booy listed in Regulation 11121 of the Charitie$ Accounts (Scollandl Regulation5 2006 las amended). l ¢an oonfinn Ih811 am qualified lo undertake the examination because l am a rfjgistered member of ICAS which is one of the listed bodies. I have ct)mpleted my examination. I confimi that no matters have come lo my altenllon glwng me ¢au8 to believe that in any material respect.. 8ccounling record¥ were not kept as required by se¢tion 4411llal of the 2005 Atl and Regulation 4 of the Charit$ Accounts Iscotlandl Regulations 20Cé las amended). or the financial stalemenls do not accord with Ih05o records.. or th• fina181 statements do not Ggmpty with the xcounling requirements of ReguLglion 8 of the Charities Accounts (Scotland) R8gulaln8 20C6 la8 amended). I h8ve no concems and have come aGross no other matters in connectKJn with the examination to whlch 8ttenliDn Should bo drawn in this report In order lo enable a proper understanding of the 8¢counts lo be reac ?Iqlz
St Andrews Episcopal Church: Fort William Statement of Financlal Actlvltles Year ended 30 September 2024 2024 Reslricled Designated funds funds Totsl funds Totsl fund$ 2023 Unreslricled funds Income and Endowments Donations and legacies Other trading activities Investment income other income 12.074 12.074 3,660 82.694 66,159 50.813 153.000 978 51.826 153,000 Total Incom8 215,887 35 978 216,900 157,157 ExpendFture Expenditure on charitable activities 215,010 215.010 118.709 Total expendlture 215.010 215,010 718,709 Nel Income and net movement In funds 877 35 978 1.890 38,448 Re¢onclllatlon of funds Total fvnds b¥ought fomard Total tunds carried forw8rd 308.428 2,579 67,551 378,558 340,110 309,305 2,614 68.529 380,448 378,558 The ststemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Th• not•¥ on pa99¥ 7 to 17 forni part of th•88 Ilnan¢lal #tstem•nts.
St Andrews Eplscopal Church: Fort William ststement of Flnancial Poslllon 30 September 2024 2024 2023 Flxod I Tangible fixed assets InveslmentB 14 16 128,442 67,266 133.054 67.286 195,708 200,320 Current asjets Debtors C8sh at bank and in hand 16 1.424 193,920 1,424 179,414 195,344 180,838 Croditors.. amounts falling du• Tbvithin one year Trade ciedrtors Accruals and deferred income 2,600 2,600 10,604 2.600 Net curr¥nt assets 184.740 178.238 Total a$$ets Igss current Ilabllltles 380.448 378,558 Not aSSgt¥ 380,448 378,558 Funds ofthe charlty Design8led funds Reslriclecl funds Unreslficled funds 68,529 2.614 309.305 87,551 2,579 308,428 378.558 Totsl Charfty lund8 19 380.448 Inancial statements We approved by the board of tru$lee5 and aulhorised for issue on .2L%4n¢J arg signed on behalf of the board by.. Tw$tee Thg noto8 on pag96 7 to 17 forni part of th•9• finan¢lal •tAtom•nts.
St Andrews Episcopal Church: Fort William Notes to the Flnanclal Ststements Year ended 30 September 2024 General Informatlon The charty is a public benefit entty and a regk81ered chariiy in Scotland and is unincorporated. The address of the principal office i Statement of compllance These finèn¢i81 stst8menls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicabb in the UK and the Republie of Ireland., the Statement of Recommended Practice applicable lo charities preparing their accounts in aLxord8nce with the Financial Reporting Standard 8ppIic8ble in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities and Trustee Investment (Scolland} Act 2005 end the Charity Accounts (Scollandl Regulations 2006188 amend8dl. A¢¢ounUng pollcl08 Basls of preparation The financial statements have beer* prepared on the historical cost basis, as modified by the r•vslu8lion of certain financial 88se18 and li8biif(le$ and investment properties measured al fsir value through income or expenditure. The fin8ncial ststements a pPared in sterling, which 15 the functional currency of the enlty. Golng concern There are no material Uncertaint about the charity's ability to continue. Dlsc105ure gx&mptlon$ The entity satisfies the criterFa of beiThJ a qualifying entty as defined in FRS 102. As such, advantage has been taken of the following disclosure exemplions available under paragraph 1.12 ofFRS 102.. la} No cash flow statement has been presented for the company. Ibl Oisclosures in respect of financial instruments have not been presented. Judgements and key Sources ol ostlmatlon uncertalnty The preparation of the financial slalemenls Tequires mana9emenl lo make judgements, eslimales and assumptions that affect the 8mounls reported. These eslimales and judgements are conlinualty reviewed and are based on experience and other factors, including expeclalions of future events that 8re believed lo b8 reasonable undef Ihe circumstsncès.
St Andrews Episcopal Church: Fort William Notes to the Flnancial Statements (conunuédj Year ended 30 September 2024 Accountlny pollcles fcontthu•dJ Fund accounting Unreslricled funds are available for use at the discretion of the trustees lo further any of the charity5 purposes. Designated funds are unre8tited funds earmarked by the Iruslees for particular future project or commitment. Restricted funds are subjected lo restrictions on their oxpendilure declared by the donor or through tho terms of an appeal, and fall into one of hvo sub-classes.. reslricled income funds or Designated funds. Income All income is included in the statement of financial activities when entitlement ha5 passed lo the charity, il is probable that the economic benefits ass¢xiated with the transaction will flow lo the charity and the amount can be reliably m¢a$ured. The following specific policies are applied lo particular categories of income.. incorne from don*ions oi grants is recognised when there is evidence Of enlillemenl lo the gift. receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt 1$ probable and enlrtlement is established. income from donated goods is measure(l al the fair value ofthe goods unless this is impradical to measure reliably, in which case the value is derNed from the cost to the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for Ihe suppty ol services is reco9nised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a contractual requirement for il to be spent on a partular purpose and relumed if unspent, in which case it may be regarded as restrided. Expendituro Expenditure is recognised on an acoruals basis as a liability is incurred. Expenditure includes any VATwhich cannot be fully recgvered, and is classrfied under headings of the statement of financial activities lo which il relates,. gxpendilure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale ol donated gwds. expenditure on charitable activities includes 811 costs incurred by a charity in undertaking activities that further ils charitable aims for the benefrt of ils beneficiaries, including those support costs and costs ielating lo the governance of the charity apportioned to charitable aclivilies. other expendi(ure includes all expenditure that is neither related lo raising funds for the charity noi part of ils expendf(ure on charitable aclivrties.
St Andrews Episcopal Church: Fort William Notes to the Flnancial Statements (conll*Jts•rfJ Year ended 30 September 2024 Accountlng pollcles (conlh¥u•d) Expendlture {conllnu8d) All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs attributable lo a single adivity are allocated directly to that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, jLbslifBble and consistent basis. Tanglble assets Tangible assets are In(fially recorded al cost, and subsequently slated atcosl less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded 01 the fair value al the dale of revaluation les8 any subsequent accumulated depreci8l¢on and subsequent accumulated impairment losses. An InC8$e in the carrying amount of an asset as a resuft of a revaluation. is recognised in other recognised gain5 and losses, unless il reverses a charge for impairmenl that has previously been recognisèd as expenditure within the statement of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gain5 and los$¢s. except lo whh it offsets any previous revaluallon gain, in which ¢85e the loss is shown within other wognised gains and losses on the $lalemenl of financial acltvities. Dgpreclatlon Depreciation is calculated so as lo write off the cost or valuation of an asset. less ils residual value, over the useful economic lrfe of that asset as foll¢5.. Freehold property Fixtures and fittings Land and buildings - Straight line over fifty years Fixtures, fittings and equipment- 100h slraighl line Inva$lments Investments held 2$ fixed assets are valued 81 c051 at the balance sheet date, although this is not slridly in accordance with the requirements of the SORP. However, the maikel value of the investments is shown in nolo 14. Investments In associates Investments in associates accounted for in accordance with the cost model are recorded at cost les8 any accumulated imp8imenl105ses. Investments in associates accounted for in accordance with the fair value model are inrtially recorded at the transaction price. Al each reporting dale, the investments are measured al f8ir value, with changes in fair value taken through income or expenditure. Where il is impracticable to measure fair value reliably wilhoul undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income wilhoirt regard to whether the distributions are from accumulated profrts of the associate arising before or after the dale of acquisition. Investments in Jolnt venturgs Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any aUmUlated impaiment losses.
St Andrews Episcopal Church: Fort William Notes to the Financial Statements itonUnu•dJ Year ended 30 September 2024 Accountlng pollcles Investments In lolnt ventur•s (contlnu•dl Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price, Al each reporting date, the investments are measured al fair value, wf(h changes in fairvaluetaken through income or expenditure. Where it is impracticable lo measure fair value reliably without undue cost or effort. the cost model will be adopted. Dividends and other distributions received from the investment are recognised as incorne wthout regaTd lo whether the distribution8 are from accumulated profits of the joint venture arising before or after the date of acquisilwjn. Impalrnient of fixed 88SOt8 A review for indicators of ImpalmnI is carried out 81 each reporting date, with the recoverable amoLtnl being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairmen15 are also reviewed for pgssible reversal al each reporting dale. For the purposes of impaimenl leslirig. when it is not possible lo estimate the lecoverable amount of an individual asset, an eslirnale is made of the recoverable amount of the cash-generaling unil lo which the asset belongs. The cash%eneraling unil is the smallest identifiable group of assets that includes the asset and generate$ ¢a$h inftows that largely independent of the cash inflows from other assets or groups of assets. For impaimient testing of goooknill, the goodwill acquired in a business combination is. from the acquisrtion dale, allocated to each of the cash-generaling units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those unf(s. Flnanclal Instruments A financial asset or a financial liability is recognised onty when the charty becomes a party lo the contractual provisions of the inslrumenl. Bas financi81 instruments are initially recognised al the amount Teceivable or payable including any related transaction w$t5. Current assets and current liabilities are subsequently measured al the cash orolher consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can othe1$e be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al osl less impairment. Other financial instruments, including derivatives, are initially recognlsed al falr value. unless payment for 8n asset is deferred beyond normal business lems or financed al a rale of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rale of interest for a similar debt inslrumenl. 10
St Andrews Episcopal Church: Fort Wllliam Notes to the Financlal Statements iconthiued) Year ended 30 September 2024 Accounting poll¢los (conlh¥uedJ Flnanclal Instruments {¢otttlnt Other financial instruments are subsequently measLtred al fair value, with any changes recognised in the slalemenl of firancial activities, with the ex¢eplion of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impaimenl. an impairment los$ is recognised under the appropriate heading in the statement of financial activrties in which the initial gain was recognised. For all equty instruments regardles$ of significance, and other finanoal assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar Cfedf( risk characteristi. Any reversals of impairment are recognised immediately, lo the extent th the ¥eVeal does not result in 8 carrying amount of the financi818ssel that exceeds what the carrying amount would have been had the impairment not previously been rewgnised. Dgflned contrlbutlon plans The pension costs charged in the financial statements represent the contribution payable by the charrty during the year. Donatlons andlogacles Vnrestrithd Total Funds Unrèstricted Total Funds Funds 2024 Funds 2023 Donations General Collection8 Free Will Offerings Lent Appeal 838 3,694 112 838 3.694 112 9,961 9.gS1 Legacles Legacies 2.113 2.113 12.074 12,074 Othor tradlng actlvltie$ Unrestricted Total Funds Unreslricled Total Funds Funtjs 2024 Funds 2023 Stipend support Contribution lo expenses FWIKilm811ie 2.100 1.560 2,100 1,560 3,660 3,880
St Andrews Episcopal Church: Fort William Notes to the Flnancial Statements Year ended 30 September 2024 Investment Income Unrostricted Funds Restricted Designated Totsl Fund$ Funds Funds 2024 Income Irom UK properties Income from listed investments Bank interest receivable 42,726 7,415 672 42,726 7,415 1,685 35 978 50.813 35 978 51.826 Unieslricled Funds Reslricled Designated Total Funds Funds Funds 2023 Income from UK properties Income from listed investments Bank interest receivable 71,495 9,936 71,495 9,936 1.263 13 1,250 81.431 13 1.250 82,694 other Income Unreslricled Total Funds Unrestricted T¢knl Funds Funds 2024 Funds 2023 Gain on disposal of programme related investments Dilapidation contribution 66,159 66,159 153,000 153.000 153,000 153,000 66.159 66,159 Expendlture on charttable actlvltles by fund type Unreslricled Totsl Funds Unrestritled Total Funds Funds 2024 Funds 2023 Clergy & Church Rectory Church Hall Provincial & Diocesan Quota Propety Support costs 31.804 2.762 3.877 32.791 141.376 2,400 31,804 2,762 3,877 32,791 141,376 2,400 69,809 1,807 3,209 31,888 9,424 2.572 69.809 1.807 3,209 31,888 9,424 2,572 215,010 215,010 118,709 118,709 12
St Andrews Episcopal Church: Fort William Notes to the Financial Statements (conllnu•dJ Year ended 30 September 2024 Expendlturè on charltablè activities by actlvity type Activities undertaken direct Support Totsl fvnd$ costs 2024 Total fund 2023 Clergy & Church Rectory Church Hall Provincial & Diocesan Quots Propety Governance costs 31,804 2.762 3.877 32,791 141,376 31,804 2,762 3.877 32.791 141.376 2.400 69,809 1,807 3,209 31,888 9,424 2,572 2.400 212,610 2,400 215,010 118.709 10. Net Income Nel income is stated after chargingllcrediling}'. 2024 2023 Depreciation of tangible fixed assets 4,612 4.612 11. Indepondent examlnatlon fg0S 2024 2023 Fees payable lo the independent examiner for.. Independent examination of the financial statements 2.400 2.322 12. Staff costs Thg lolal staff costs and employee benefi(s for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions lo pension plans 19,500 1,873 6,188 27.561 The 8verage head count of employee¥ during the year was Nil12023.' 11. No employee recelved employee benefts of more than £60,000 duiing the year12023'. Nill. 13. TTtte remuneratlon and exp8n$8S No Iruslee received any remuneration, benefits in kind or reimbursement of expenses during the year in respect of their rote a$ a trustee. 13
St Andrews Episcopal Church: Fort William Notes to the Financial Statements (conthpu8d) Year ended 30 September 2024 14. Tanglble flxed assets Freehold Fixtures and propety fittings Total Cost At 1 Oct 2023 and 30 Sep 2024 Depreciation At 1 Oct 2023 Charge for the year At 30 Sep 2024 Carrylng amount At 30 Sep 2024 AI 30 Sep 2023 176,120 10.900 187,020 45,786 3,522 8,180 1,090 53.966 4,612 49,308 9.270 58,578 126,812 1,630 2,720 128,442 130.334 133.054 16. Investment5 Llsted Snvgstmgnts Cost or valuation At 1 Oct 2023 and 30 Sgp 2024 Impalmient Al 1 Oct 2023 and 30 Sep 2024 Carrylng amount At 30 Sep 2024 At 30 Sep 2023 67,266 67,266 67,266 l investments sh¢)wn above are held at Valuation. Flnanclal assèts held at falr value 14
St Andrews Episcopal Church: Fort William Notes to the Flnancial Statements (conthuod) Year ended 30 September 2024 15. Investmonts (conllnu Historical cost as 8130 September 2023 67,266 All fixed asset investments are held wfthin the United Kingdom. Invostments hold •$ at 30 September 2023 Ineome Ineome Market Generated Generalod Value 2023 2022 Unit$ Cost SEC Unrt Trust SEC Unil Trust SEC Unil Trust SEC Unil Trust 6,715 698 1,100 10 63,874 2,341 1,000 177,761 18,478 29,119 285 8,481 562 885 7,055 478 753 8,523 336,329 225,623 9,936 8.293 Market Value at 30 September 2022 disposal at market value Loss in value in the year 303,947 134,0911 144,233) 225.623 16. Dobloys 2024 2023 Prepayments and arU¢d income 1.424 1,424 17. Other credltors Includlng taxatlon and soclal socurlty falllng due wlthln on• year 2024 2023 18. Penslons and other post retlrarnont bgn•flts Defined contrlbullon plans The amount recognised in income or expenditure a8 an expense in relation to defined contribution plans was £Nil12023.' £6,188). 15
St Andrews Episcopal Church: Fort William Notes to the Flnanclal Statements (conllnu•dJ Year ended 30 September 2024 19. Analysis of charitable funds Unrestrlcted funds Al 1 Oct 2023 At Transfers 30 Sep 2024 Incomo Expendbture General lunds 308.428 215,887 1215,010) 309.305 At 1 Ocl 2022 At Transfers 30 Sep 2023 Income Expenditure General funds 271,243 155,894 1118.709) 308,428 Restiicted funds Al 1 Od 2023 At Transfers 30 Sep 2024 Inwme Expenditure Henderson Fund 2,579 35 2,614 Al 1 Oct 2022 Al Transfers 30 Sep 2023 Income Expenditure Henderson Fund 2,566 13 2,579 Designated funds At 1 Oct 2023 At Transfer3 30 Sep 2024 Incomg Expenditure Fabric l Organ Fund Church Roof Funtj Church Hall l Repair Fund 39,882 24,217 978 40.860 24,217 3,452 67,551 3,452 68,529 978 Al 1 Oct 2022 At Transfers 30 Sep 2023 Income Expenditure Fabric l Organ Fund Church R¢)of Fund Church Hall l Repair Fund 39,852 24.217 201 1171) 39,882 24,217 2.232 1,049 171 3.452 66,301 1,250 67.551 16
st Andrews Episcopal Church: Fort William Notes to the Financial Statements (¢ortVtty*dJ Year ended 30 September 2024 20. Analysis of net assets between funds Unrestricted Funds Restricted Oesign?led Total Funds Funds Funds 2024 Tangible fixe(l assets Investments Current assets Creditors less than 1 year Net assets 128.442 67.266 124.201 110,6041 309,305 128,442 67,266 195.344 110,6041 380,448 2,614 68,529 2,614 68,529 Unrestricted Funds Reslrided Designated Total Funds Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors lesg than 1 year Net a$$o1s 133.054 67,286 110,708 12,6001 308,428 133,054 67,266 180,838 12,600} 378,558 2,579 67,551 2,579 67,551 17
St Andrews Episcopal Church: Fort Wllllam Management Information Year ended 30 September 2024 The following pages do not forni part of the flnanclal statements. 18
St Andrews Episcopal Church: Fort William Detailed Statement of Flnanclal Actlvltles Year ended 30 September 2024 2024 2023 Income and Endowments Donatlons and legacles General Collections Free Will Offering$ Lent Appeal L8gacies 838 3.894 112 9,981 2.113 12,074 4,644 Othgr tradlng a¢tlvitl•s Stipend support Contribution lo expenses Fwmilmallie 2,100 1,560 3,660 Investment Income Income from UK properties Income from listed investments Bank interest receivable 42,726 7,415 1,685 71,495 9,936 1,263 51,826 82,694 Other income Gain on disposal of programme related inveslmenls Dilapidation contribution 66,159 153.000 153.O¢XI 66,159 Total Income 216,900 157,157 19
St Andrews Eplscopal Church: Fort William Detailed Statement of Financlal Actlvltles Year ended 30 September 2024 2D24 2023 Expendlture Expenditure on charitable actlvltleg Wages and Salaries Employerfs NIC Pension costs Roles and water 'ghl and heal Repairs and maintenance Insurance other es18blishmenl Other motorftravel costs Legal and professional fees Tèlephone Olhef office costs Depreciation Provincial & Diocesan Quota Church - Tower work Attar expense5 Organ expenses 119,500) 11,873} 16,1881 13.8641 111.5631 14.9041 113,1201 {1,5401 {751 114.707} 16451 11.4751 14,6121 {31,8881 {2501 (2,3701 (135} 1118,7091 15,8601 {10,4981 (97,454) 19,8731 11,440) {1,389} 146,816} 17261 11,2891 14,6121 (32,791) 12,127) 1135) 1215,010} Total expendlture 1215,0101 {118,7091 Net Income 1,890 38,448 20
St Andrews Episcopal Church: Fort William Notes to the Detslled Statement of Financlal Actlvlties Year ended 30 September 2024 2024 2023 Expgndlturn on charltabl• actlvltlgs Cleryy & Church Actlvlt195 undertaken dlrectly Clergy- wages & salaries Clergy- employerfs NIC Clergy- pension costs Church - rates & water Church - light & heal Church - repairs & maintenance Church - insurance Church - ground maintenance Church - motor & travel expenses Church - bookkeeping & payroll Clergy & Church - telephone Clergy & Church - office expenses Church - depciall0n Church - altar expenses Church - organ expenses 119.5001 11,8731 16.1681 19661 19.6191 14,7301 18,5561 11,5401 1751 {7,5251 16451 11,4751 {4,6121 12,3701 11351 169.8091 11.4101 18,3091 12.6631 17.704) 11.440) 11.389) {726} 11.289) 14.612) 12,127} {135} {31,8041 Ro¢tory Adivitles undertak8n directy Rectory- Council lax Rectory repairs & maintenance 12,7621 11,633} 11741 11,8071 12,7621 Church Hall A¢tlvltle$ undertaken directy Church Hall- rates & water Church Hall- light & heal 11,688) 12,1891 13,8771 (1,2651 {1,9441 {3,2091 Provlnclal & Dlocgsan Quota Actlvltles undertaken direcdy Provincial and Diocesan Quots 132,791) 131,8881 Property 21
St Andrews Episcopal Church: Fort William Notes to the Detailed Statement of Financlal Activities (¢onithu8dJ Year ended 30 September 2024 2024 2023 Actlvftles und9rtaken dlrecuy Repairs & maintenance Insurance Legal and professional fees 194,791} 12,169) {44,416} {141,3761 {4,5641 {4,8601 {9,4241 Govemance costs Accounts & independent examination Investment administration fee 12,4001 {2,3221 2501 12,4001 {2,5721 Expendlture on charltable actlvStie¥ 1215,0101 1118,7091 22