Ibrox Parish Church of Scotland, Glasgow
Latest income
£107k
Latest spending
£154k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £47,295 for the year ended 31 December 2024, resulting in a decrease in total funds. Per the trustees' report, unrestricted reserves stood at £42,107, which is slightly below the stated policy target of approximately six months of expenditure. The charity continues to operate on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
Reserves position: below the charity's own stated policy
“At the year end, the Church held unrestricted funds totalling £42,107. This is slightly less than we would like to hold in reserves” — page 4
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustees donated £14,800 to the congregation.
“During the year a total of £14,800 (2023, £20,179) was donated to the congregation by trustees.” — page 14
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Minister received £6,183 in expense reimbursements.
“During the year a total of £14,800 (2023, £20,179) was donated to the congregation by trustees.” — page 14
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Church incurred £150 for piano music expenses.
“During the year a total of £14,800 (2023, £20,179) was donated to the congregation by trustees.” — page 14
Per FY2024 accounts as filed with OSCR.