Forfar: All Souls Church of Scotland
Latest income
£344k
Latest spending
£341k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity held unrestricted funds of £440,523 at year end, which represents over 12 months' expenditure and exceeds the trustees' policy target of approximately 9 months' expenditure. However, the trustees report that increasing costs and decreasing income have necessitated dipping into reserves to maintain buildings, with a net deficit for the year of £864.
What the accounts disclose
Related-party transaction: Trustees received reimbursement of expenses
“During the year two trustees received reimbursement of expenses incurred totalling £6,977 (2023 £4,226). In addition ee. ::. were members of the Kirk Session received £7,046 (2023 £10,483) for their services as pastoral and administrative assistants. During the year a total of £29,092 (2023 £21,256) was donated to the congregation by trustees.” — page 17
Per FY2024 accounts as filed with OSCR.