North Mull (Church of Scotland)
Latest income
£120k
Latest spending
£107k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the parish held unrestricted cash funds of £6,770 at year end, which is below the trustee's stated policy target of approximately three months of expenditure. The trustees noted challenges in making income meet expenditure requirements, particularly for electricity, and employed a professional bookkeeper to manage the complexity of the finances.
What the accounts disclose
Related-party transaction: The minister received reimbursement of expenses. This is not a trustee payment for remuneration/services, but a related party transaction involving a trustee (minister is a trustee). However, the prompt asks for 'related_party_flags: disclosed related-party transactions (who, what, amount)'. The text says 'No trustee or person related to a trustee had any personal interest in any contract or transaction'. The minister's expenses are reimbursements. Note 2 says 'The minister... received re-imbursement...'. This is a transaction with a trustee. I will include it.
“The minister of the Church received re-imbursement of travel, broadband, and any other relevant expenses amounting to £2307.14, £1818.55 of this has been paid in the following year. No trustee or person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.” — page 8
Per FY2024 accounts as filed with OSCR.