Hope Church Coatbridge – Free Church of Scotland
Latest income
£141k
Latest spending
£125k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity incurred a net expenditure of £18,480 in 2024, resulting in a negative unrestricted general fund balance of £132,206. However, the trustees consider the entity a going concern, citing confidence that day-to-day liabilities can be met through current donations and support from the Free Church of Scotland (FCOS). Total unrestricted reserves stood at £911,949, comprising the negative general fund and a designated fixed asset fund of £1,044,155.
What the accounts disclose
Going concern: doubt noted
“The Trustees considered the charity is a going concern and prepared accounts on this basis despite a negative general fund at the year end. Although the Charity incurred a deficit in the year to 31st December 2024, it expects to generate net surpluses in future years. The negative general fund represents a loan provided to the Charity by FCOS for the building of the extension and the Trustees are confident that the charity will be able to meet its day to day liabilities from current donations and FCOS support.” — page 10
Per FY2025 accounts as filed with OSCR.
Related-party transaction: 10. TRUSTEES' REMUNERATION AND BENEFITS
“All ministers in charges are paid from the central funds of the Church. In the year under review the stipend was £27,580. The minister up to 31 October 2024 was Rev. who was a trustee.”
Per FY2025 accounts as filed with OSCR.