Lossiemouth Baptist Church
Latest income
£176k
Latest spending
£285k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net outgoing resource of £108,799 for the year ended 5 April 2024, a significant increase from the previous year's £3,517. Despite this loss, the trustees confirm that unrestricted reserves of £234,756 remain above the policy target of six months' unrestricted expenditure.
What the accounts disclose
Payments to trustees: Two trustees (Pastor and Associate Pastor) received remuneration for their employment roles within the church.
“The trustees did not receive any remuneration or expenses for their services in the year (2023: £nil), in their capacity as Trustees.” — page 11
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration
“is employed as Pastor of the church and is also a Trustee. During the year, he received a salary of £37,918 (2023: £34,590) and employers pension contributions of £3,767 (2023: £3,434). These are in relation to his position as Pastor.” — page 11
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration
“is employed as Pastor of the church and is also a Trustee. During the year, he received a salary of £37,918 (2023: £34,590) and employers pension contributions of £3,767 (2023: £3,434). These are in relation to his position as Pastor.” — page 11
Per FY2024 accounts as filed with OSCR.