St Andrews Cathedral Inverness
Latest income
£294k
Latest spending
£314k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity ended the financial year with a net deficit of £64,341, resulting in unrestricted reserves decreasing from £291,572 to £210,374. The trustees report that the charity must continue to raise sufficient income on a sustainable basis to cover outgoings due to constant repairs and maintenance costs associated with the Cathedral buildings. Despite the deficit, the trustees maintain a going concern basis, expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Payments to trustees: Remuneration of £42,885 paid to a trustee who is also key management personnel. Expenses of £341 reimbursed to one trustee.
“During the year, remuneration including employers pension contributions of £42,885 (2023 - £39,524) and employment benefits of £nil (2023 - £nil) were paid to who is a trustee and the key management personnel, for her services to the charity. Expenses paid to trustees in the year totalled £341 (2023 - £2,393).” — page 15
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations received from trustees
“During the year, donations of £3,225 were received from the trustees.” — page 20
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Loan to trustee-connected company
“During the year, donations of £3,225 were received from the trustees.” — page 20
Per FY2025 accounts as filed with OSCR.