True Jesus Church In Elgin
Latest income
£164k
Latest spending
£126k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net income surplus of £83,711 for the year ended 31 October 2023, with total income of £166,939. Per the trustees' report, unrestricted reserves stood at £371,989, which the Board considers to approximate four years' operating expenditure. The charity holds its reserves in cash and has no employees or trustee remuneration.
What the accounts disclose
Related-party transaction: Loans to affiliated churches
“Loans to affiliated churches comprise two loans, £20,000 (2022: £20,000) to Cambridge Prayer House and £10,000 (2022: £10,000) to Dublin Prayer House. The loans were made towards the purchase of new church buildings. The loans are interest free.” — page 15
Per FY2024 accounts as filed with OSCR.