Cheviot Churches: Church of Scotland
Latest income
£104k
Latest spending
£84k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state a healthy overall surplus of £20,125 driven by a £29,954 legacy, though unrestricted income from donations and activities declined. The trustees note that the unrestricted general fund holds a deficit of £12,075, which they acknowledge is insufficient to meet liabilities as they arise. Total funds including designated and restricted balances stood at £72,093, with significant assets held in investments.
What the accounts disclose
Highest-paid employee band: £30,001 - £40,000
“minimum stipend was £31,642 and the maximum stipend (in the 5th and subsequent years of service) £38,884.” — page 9
Per FY2024 accounts as filed with OSCR.
Going concern: doubt noted
“The general fund balance is lower than would be desired and the trustees are aware that they would not be sufficient to meet liabilities as they arise.” — page 5
Per FY2024 accounts as filed with OSCR.