St. Nicholas Parish Church, Lanark (Church of Scotland)
Latest income
£335k
Latest spending
£158k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £22,085 for the year ended 31 December 2024, resulting in a decrease in unrestricted cash reserves to £49,581. The trustees note that this reserve level represents approximately four months of expenditure, which is lower than their policy target of six months. Despite the deficit, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The unrestricted fund balance represents about four months expenditure. This is lower than would normally be expected” — page 7
Per FY2025 accounts as filed with OSCR.
Payments to trustees: One trustee received £7,332 as Church Secretary and another trustee received an honorarium of £250 as Treasurer.
“EM eceived £7,332 as Church Secretary and a 2 member of the Kirk Session, received an honorarium of £250 for his services as Treasurer during the year.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations from trustees
“A total of £16,765 (2023: £20,995) was donated to the congregation by the trustees during the year.” — page 25
Per FY2025 accounts as filed with OSCR.