Larkhall New Parish Church of Scotland
Latest income
£163k
Latest spending
£154k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that total incoming resources increased to £163,064 while expenditure decreased to £154,360, resulting in a net surplus for the year. The charity holds unrestricted net assets of £72,334, which the trustees note is approximately £31,000 less than their desired reserves level of six months' expenditure plus £50,000 for emergencies.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The Refurbishment Fund has a balance of £29,003 which leaves the reserves approximately £31,000 less than the desired level” — page 6
Per FY2024 accounts as filed with OSCR.
Payments to trustees: Trustees received remuneration for services as church officer and cleaner, plus expense reimbursements and council tax payments.
“During the year 1 Trustee received reimbursement of travel expenses and telephone costs incurred totallin £2,219 as well as having Council Tax paid amounting to £2,896. In addition of the Trustees, received £660 for providing his services as church officer, of one of the Trustees, received £660 for providing her services as cleaner an one of the Trustees, received £8,924 for providing her serevices as cleaner and church officer.” — page 17
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration and expenses
“During the year 1 Trustee received reimbursement of travel expenses and telephone costs incurred totallin £2,219 as well as having Council Tax paid amounting to £2,896. In addition of the Trustees, received £660 for providing his services as church officer, of one of the Trustees, received £660 for providing her services as cleaner an one of the Trustees, received £8,924 for providing her serevices as cleaner and church officer.” — page 17
Per FY2024 accounts as filed with OSCR.