Midmills Parish Church, Inverness, Church of Scotland
Latest income
£155k
Latest spending
£161k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net income of £1,465 for the year ended 31 December 2024, driven by increased rental income and investment gains despite higher expenditure on fabric repairs and energy costs. Per the trustees' report, unrestricted reserves stand at £84,440, which represents approximately 6.5 months of budgeted expenditure, falling below the stated policy target of 9 months. The trustees note that long-term decline in numbers is an existential risk, prompting a planned union with a neighbouring congregation.
What the accounts disclose
Reserves position: below the charity's own stated policy
“this represents approximately 6.5 months of 2025 budgeted expenditure. The Trustees recognise that this is below the target of 9 months”
Per FY2024 accounts as filed with OSCR.