St Columba’s Free Church of Scotland
Latest income
£489k
Latest spending
£502k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net surplus of £9,674 for the year ended 31 December 2024, compared to a deficit in the previous year. Total reserves stood at £1,206,351, with unrestricted funds of £183,807, which the Trustees note is equivalent to approximately five months of expenditure, exceeding their policy target of one month.
What the accounts disclose
Related-party transaction: Payments to central denomination
“In 2024 payments totalling £136,975 (2023: £219,417) were made to the central denomination, covering remittances to central funds including the Missions Board, presbytery dues, conveyancing, payments for services and goods (payroll handling fees, gift aid administration, the Free Church's Record magazine and photocopying). As ministers of the denomination, four of the Trustees were paid stipends by the central denomination in 2023 and 2024. One of the Trustees of St Columba's is a Trustee of the central denomination.” — page 14
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Donations from Trustees
“In 2024 payments totalling £136,975 (2023: £219,417) were made to the central denomination, covering remittances to central funds including the Missions Board, presbytery dues, conveyancing, payments for services and goods (payroll handling fees, gift aid administration, the Free Church's Record magazine and photocopying). As ministers of the denomination, four of the Trustees were paid stipends by the central denomination in 2023 and 2024. One of the Trustees of St Columba's is a Trustee of the central denomination.” — page 14
Per FY2024 accounts as filed with OSCR.