Free North Church
Latest income
£270k
Latest spending
£383k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net outgoing resource of £113,200 for the year ended 31 December 2024, a significant shift from the previous year's net incoming resource of £17,692. Per the trustees' report, unrestricted reserves stood at £63,123, which the trustees consider sufficient against their policy target of one month's unrestricted expenditure. The charity maintains adequate resources for the foreseeable future under the going concern basis.
What the accounts disclose
Payments to trustees: Chris Davidson received £7,800 housing allowance as Assistant Minister; expenses incurred for Rev Angus MacRae (£3,155) and Rev Chris Davidson (£642).
“None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year except for Chris Davidson who received £7,800 (2023 - £7,800) housing allowance in his capacity of Assistant Minister of the Church.” — page 16
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Donations received from trustees
“During the year, donations of £24,205 (2023 - £20,715) were received from the trustees.” — page 25
Per FY2024 accounts as filed with OSCR.