Stonehaven Fetteresso Church of Scotland
Latest income
£386k
Latest spending
£307k
Accounts read
FY2024
Financial health, per FY2024 accounts
The charity reported a General Fund deficit of £4,451 for the year ended 31 December 2024, with total unrestricted funds standing at £196,048. The trustees state that reserves at the year-end were less than their stated policy target of approximately 12 months of expenditure, but they remain satisfied that sufficient reserves exist to cover future liabilities. The accounts were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Reserves position: below the charity's own stated policy
“Although reserves at the year-end were less than the policy, the trustees are satisfied that there are sufficient reserves to cover future liabilities.”
Per FY2024 accounts as filed with OSCR.
Payments to trustees: One trustee received £15,510 for services as shop manager; another trustee received £8,855 salary as pastoral assistant.
“During the year, a Trustee, received £15,510 (2023: £15,510) for providing services as Far and Wide Shop manager during the year. ho is also a trustee, received salary of £8,855 (2023: £7,274) as a pastoral assistant.”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration for shop management
“During the year, a Trustee, received £15,510 (2023: £15,510) for providing services as Far and Wide Shop manager during the year. ho is also a trustee, received salary of £8,855 (2023: £7,274) as a pastoral assistant.”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee reimbursement of expenses
“During the year, a Trustee, received £15,510 (2023: £15,510) for providing services as Far and Wide Shop manager during the year. ho is also a trustee, received salary of £8,855 (2023: £7,274) as a pastoral assistant.”
Per FY2024 accounts as filed with OSCR.