Edinburgh: Greyfriars St. Cuthbert’s Church of Scotland
Latest income
£402k
Latest spending
£535k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported an operating deficit of £225,215 for the year ended 31 December 2024, primarily due to a £219,949 impairment write-down of the Charteris Centre. Despite this, unrestricted reserves stood at £1,321,570, which the trustees note is above their stated policy target of six months' general expenditure (£179,944).
What the accounts disclose
Payments to trustees: Total remuneration paid to trustees and key management was £57,791. Council Tax of £4,618 was paid for the Manse occupied by the Minister.
“The total remuneration paid to trustees and key management during the year was £57,791 (2023: £50,543).” — page 27
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Greyfriars Kirk provided a guarantee for a loan to Grassmarket Community Project; principal outstanding £114,896.
“Greyfriars Kirk has provided a guarantee in favour of the lender in respect of their loan to the Grassmarket Community Project. The principal amount outstanding at the year-end was £114,896” — page 27
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations received from Binks Trust (£182,244); Jo Elliot is a Trustee of Binks Trust.
“Greyfriars Kirk has provided a guarantee in favour of the lender in respect of their loan to the Grassmarket Community Project. The principal amount outstanding at the year-end was £114,896” — page 27
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Insurance services provided by Church of Scotland Insurance Services, where Angus Tod is a director.
“Greyfriars Kirk has provided a guarantee in favour of the lender in respect of their loan to the Grassmarket Community Project. The principal amount outstanding at the year-end was £114,896” — page 27
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations received from The Kirk of The Greyfriars Foundation (£13,762); Trustees of the Kirk are also Trustees of the Foundation.
“Greyfriars Kirk has provided a guarantee in favour of the lender in respect of their loan to the Grassmarket Community Project. The principal amount outstanding at the year-end was £114,896” — page 27
Per FY2025 accounts as filed with OSCR.