Banchory-Ternan West Parish Church of Scotland
Latest income
£193k
Latest spending
£187k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a surplus of expenditure over income of £6,091 for the year ended 31 December 2024, with total income rising by 14.2% to £192,964. The trustees note that unrestricted reserves of £53,837 represent approximately six months of ordinary expenditure, aligning with their stated policy target. However, the report highlights financial concerns regarding increasing costs for pensions and the Living Wage, which may require future income increases to maintain current financial performance.
What the accounts disclose
Going concern: doubt noted
“As the charity is dependent on voluntary income to carry out its mission, risk arises on income decreasing in future years.” — page 7
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Minister's expenses reimbursed
“The Minister received £1,098 (2023: £1,338) for reimbursement of expenses during the year. No other trustee received any remuneration or reimbursement of expenses during the year. The trustees, in office at the date of this report, donated a total of £16,953 (2023: £18,598) to church funds during the year. No trustees or persons related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.” — page 14
Per FY2024 accounts as filed with OSCR.