The Black Isle Charge St John the Evangelist - Arpafeelie, St Regulus - Cromarty & St Andrew's - Fortrose
Latest income
£111k
Latest spending
£137k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state a surplus of £30,372 for the year, increasing net assets to £75,527. The charity maintains unrestricted reserves of £70,643, which the Vestry Committee aims to keep sufficient to maintain activities for a reasonable period during income drops. However, the trustees note that costs are unlikely to reduce due to net zero demands and maintenance, requiring innovative fundraising to meet future challenges.
What the accounts disclose
Going concern: doubt noted
“The arrival of our new Rector provides the opportunity to prepare budgets reflecting necessary changes for the successful continuation of the Charge. Our costs are unlikely to reduce with the demands of net zero and other essential maintenance improvements evident in all three of our Churches, so our ever-present priority against the backdrop of static and aging congregation numbers, will be to seek more innovative mechanisms for raising income to meet the challenges currently experienced by so many Churches.” — page 4
Per FY2025 accounts as filed with OSCR.