Scottish Charity Number SC0023283
SCOTTISH EPISCOPAL CHURCH
DIOCESE OF BRECHIN
INVERBERVIE
REPORT OF THE VESTRY AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST, 2025
SCQ73S2Z685 .2 025) |
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SAINT DAVID OF SCOTLAND EPISCOPAL CHURCH INVERBERVIE —_——— AEN UN EEISCOPAL CHURCH INVERBERVIE _ TRUSTEES REPORT FOR THE YEAR ENDED 315' AUGUST 2025 OS VEAR ENDED 317 AUGUST 2025
The members of the Vestry present their annual report together with the financial st statements for the vear ended 31 August,2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity forms part of the Episcopal Church, under the superior authority of Bishop the of Brechin. Its affairs are therefore subject to the cannon lawofthe Scottish Episcopal Church, as well as the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
Vestry,The “Trustees” are officials ofthe Diocese, but the funds are administered by the The Treasurer. whose constitutionally appointed officers are: The Rector, The Secretary and
OBJECTS AND ACTIVITIES
The Church ofSaint David of Scotland Inverbervie is a church of Episcopal the Scottish The Church, in full communion with the Anglican Church. primary aimsofthe Trust are to fulfil the role ofaChristian Church in the Inverbervie area and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.
During the last year we have held regular public services on Sunday morning. Each Saturday evening the local Roman Catholic congregation use the Church for their Vigil Mass. The church is usually open for use of contemplation. individuals, for their private prayer and
GRANT MAKING POLICY
Gifts to external organisations and individuals are considered by the Trustees on the basislimits of need and fulfilment ofthe charitable objectives. There are no upper or lower of support.
RISK MANAGEMENT
All major insurable risks are subject to normal Churches and employers’ insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the Churches ability to fulfil its objects. An annual review ofall areas ofrisk is undertaken by the Officers and Vestry responsible for the area of activity.
FINANCIAL REVIEW
The financial reserves of the Church have increased during the year and members have continued to give very generously enabling a surplus to be maintained and stood at £2,137 increasing the fund balance which now stands at £51 608. im
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ANYSAINT DAVID OF SCOTLAND EPISCOPAL CHURCH, INVERBERVIEAE : TRUSTEES REPORT FOR THE YEAR ENDED 31°' AUGUST 2025 ne (continued) This sum is represented by the balances at Bank and National Sav ings. There are also Unit Trusts with a current value of £3,486 RESERVE POLICY.
The Trustees have set a policy of retaining reserves sufficient for two years running costs of the Church. Some capital expenditure is anticipated in the next year, and some grant funds have been received and in the restricted fund balance.
DEVELOPMENT PLANS FOR THE CHURCH
[here are plans to do renovation work to the fabric with disabled access and a kitchen area being made and a toilet fitted. Quotations were received for this undertaking, but the price quoted was greater than anticipated and no work will commence until the sum could be paid from existing funds. STATEMENT OF TRUSTEES RESPONSIBILITIES Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and ofthe profit and loss of the Charity for that period. In preparing these accounts, the trustees are required to:-
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Select suitable accounting policies and then apply them consistently.
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- Make adjustments and estimates that are reasonable and prudent. - Prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
[he trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity to enable them to ensure that the accounts comply with the Charities Acts. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that the accounts comply with current statutory requirements and those ofthe Charity’s trust deed.
No remuneration or expenses were paid to a Charity Trustee or persons connected with a Charity Trustee.
On behalf of the Vestry
(Signed) Mrs Marv Bowker | Date t ; We ge oy °
INDEPENDENT EXAMINER'S REPORT TO THE VESTRY OF ST DAVID OF SCOTLAND EPISCOPAL CHURCH INVERBERVIE FOR THE YEAR ENDED 31ST AUGUST 2025
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| report on the accounts of the Charity for the year ended 31 stAugust, 2025 which are set out on pages 5 to 7.
Respective Responsibilities of the Vestry and Examiner
lhe Charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Chanties Accounts (Scotland) Regulations 2006. The Charities Trustees consider that the audit requirements of Regulation 10(1) (d) ofthe 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 matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An Examination includes a reviewofthe accounting records kept by the charity 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 conceming 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 accounts.
Independent Examiner’s Statement
During 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 section44( | )(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulation, and - to prepare accounts which accord with the accounting records and comply Regulation 9 of the 2006 Accounting Regulations
have not 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. i. /, a Pe H.\ f7 ‘S ‘November 2025
Anthony C G Rance (Retired Incorporated Financial Accountant) 33 Lochside Crescent Montrose Angus DD10 9BF “As
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SAINT DAVID OF SCOTLAND EPISCOPAL CHURCH INVERBERVIE
| RECEIPTS AND PAYMENTS ACCOUNT | RECEIPTS AND PAYMENTS ACCOUNT | ||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31ST AUGUST | 2025 | 2024 | |||
| Unrestricted | Total | Funds | |||
| Funds | |||||
| £ | £ | ||||
| Receipts | |||||
| notes | |||||
| Donations Received | |||||
| Voluntary income - Freewill |
3914 | 3914 | 4568 | ||
| - Ordinary | |||||
| Tax reclaim — Gift Aid | 1724 | 1724 | . | 1465 | |
| Other- Donations | 4170 | 4170 | 2360 | ||
| Investment income | 109 | 109 | 96 | ||
| Bank Interest - Post Office | 383 | 383 | |||
| Fund Raising-Bishop Appeal | 100 | ||||
| Rental contribution — St Mary RC | 1125 | 1125 | 1012 | ||
| 11425 | 11425 | 9601 | |||
| Payments | |||||
| Payments for Charitable activities | |||||
| Diocesan Quota | 1345 | 1345 | 1308 | ||
| St Mary St Peter Cont. | 3450 | 3450 | 2750 | ||
| Property Expenses | 4 | 4252 | 4252 | 4033 | |
| Altar Expenses | 233 | 233 | 220 | ||
| Other — Vouchers | 90 | 90 | 90 | ||
| Donations | 100 | ||||
| Printing | 18 | ||||
| Bank Charges | 94 | 94 | |||
| 9464 | 9464 | 8519 | |||
| Excess receipts over payments | 1961 | 1961 | 1082 | ||
| Other Gains/Losses on Investments | 176 | 176 | 233 | ||
| Movement of Funds | 2137 | 2137 | 1315 | ||
| Fund balance 1st September2024 | 49471 | 49471 | 48156 | ||
| FundBalance 31stAugust,2025 |
51608 | 51608 | 49471 |
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2024
SAINT DAVID OF SCOTLAND EPISCOPAL CHURCH, INVERBERVIE STATEMENT OF BALANCES AS AT 31ST AUGUST 2025
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| Bank and Cash in Hand | £ | £ | |
|---|---|---|---|
| Balance b/fwd | Note 6 | 49471 | 48156 |
| Excess receipts over payments | 2137 | 1315 | |
| CAPITAL EMPLOYED | 51608 | 49471 | |
| Investments | |||
| Market Values beginning of year. | 3310 | 3077 | |
| Unrealized Gain/(Loss) in year | 176 | 233 | |
| 3486 | 3310 | ||
| Unrestricted Fund balance | 51010 | 48873 | |
| Restricted Funds balance | 598 | 598 | |
| 51608 | 49471 |
Approved by the Vestry and signed on their behalf.
Treasurer purodlis : Date iy 6}. 2EZ2C,
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SAINT DAVID OF SCOTLAND EPISCOPAL CHURCH, INVERBERVIE NOTES TO ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025 a ee
1. PROPERTY
The church, hall and rectory are not shown in the statement of balances as the Vestry believes that it is not possible to place a market value on them. The valuation of the Building for Insurance purposes is £159,522
2. FUNDS
The various funds are held for the following purposes:
Unrestricted funds
General Fund — to support the work of the Church
Restricted Funds
For work on Fabric — disabled access, kitchen and toilet
3. TRUSTEE EXPENSES
The Church's insurance policy includes indemnity insurance for all it's Trustees. No remuneration was paid during the period to any charity trustee or person connected. No expenses were paid to any charity trustee during the period. There were no transactions with trustees or connected persons.
4. PROPERTY EXPENSES
| expenses were paid to any charity trustee There werewere no transactions with trustees or connectedconnected |
trustee during the period. or connectedconnected persons. |
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| PROPERTY EXPENSES | 2025 | 2024 |
| Light & Heat Repairs& Maintenance |
1122 2334 |
1775 1513 |
| Insurance | 796 | 745 |
| 4252 | 4033 | ||
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| 5. | FABRIC | AlterExpenses-Hymn books Ministry |
139 94 |
| 233 | 220 |
6: CASH BALANCES
| Clydesdale | Bank | 49522 | 28894 |
|---|---|---|---|
| NS&l | 18667 | ||
| 49522 | 47561 |
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