Ness Bank Church of Scotland, Inverness
Latest income
£206k
Latest spending
£220k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net deficit of £14,183 for the year ended 31 December 2024, with unrestricted funds decreasing from £61,027 to £61,448 (including investment movements) and restricted funds decreasing significantly. The trustees note that while finances are currently sound with sufficient cash reserves, an ongoing deficit is forecasted at around £40,000 for the following year, which they acknowledge cannot be maintained long-term.
What the accounts disclose
Going concern: doubt noted
“Following the retirement of the treasurer es appointed as her successor. Overall the finances are sound with sufficient cash reserves to meet medium term requirements. However, there remains an ongoing deficit in the accounts which is forecasted next year at around £40,000. Clearly in the long term this cannot be maintained and the focus of the Finance Team and Kirk Session will be to address this issue.” — page 6
Per FY2024 accounts as filed with OSCR.
Payments to trustees: A trustee received £10,250 remuneration for church administrator role.
“During the yer TTT 10 is a member of the Kirk Session, received remuneration totalling £10,250 for her role as church administrator.” — page 12
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration for church administrator role
“During the yer TTT 10 is a member of the Kirk Session, received remuneration totalling £10,250 for her role as church administrator.” — page 12
Per FY2024 accounts as filed with OSCR.