Kincardine Coastal Church of Scotland
Latest income
£161k
Latest spending
£117k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity achieved a surplus of £43,794 for the year, largely due to the transfer of union balances following a merger. However, the trustees note that unrestricted reserves of £45,297 are lower than their policy target of six months' expenditure, representing approximately 5.5 months of expenditure. The trustees intend to consider options to remedy this shortfall during 2025.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The remaining balance of £45,297 represents about 5.5 months expenditure, which is lower than the trustees would like”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration for services
“HE ho is a member of the Kirk Session received £2,454 for providing her services as organist during the year.” — page 10
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee expense reimbursement
“HE ho is a member of the Kirk Session received £2,454 for providing her services as organist during the year.” — page 10
Per FY2024 accounts as filed with OSCR.