Holyrood Evangelical Church
Latest income
£823k
Latest spending
£221k
Accounts read
FY2024
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2024 accounts
The accounts state that the charity reported a net expenditure of £131,053 for the year, resulting in a decrease in total funds from £1,523,337 to £1,392,284. The trustees note that overall reserves are healthy, with unrestricted funds held at £1,392,084, the majority of which is tied up in fixed assets (buildings) valued at £1,423,080. The charity maintains a mortgage liability of £133,960 and states it has no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Payments to trustees: Joe Barnard (Trustee/Minister) received remuneration of £43,295 and other expenses paid on his behalf. Elizabeth Scott (close relative of a Trustee) received a salary of £11,859.
“During the year | trustee received remuneration. As per our governing structure the role of the Church Minister receives a salary. Joe Barnard, who is employed as our minister, received remuneration totalling £43,295” — page 15
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee remuneration
“Joe Barnard, who is employed as our minister, received remuneration totalling £43,295 (2023: £41,291). Other expenses of £17,555 (2023: £nil), phone costs of £780 (2023: £640) and council tax & water rates of £5,196 (2023: £3,078) were also paid on his behalf.” — page 15
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Related party employment
“Joe Barnard, who is employed as our minister, received remuneration totalling £43,295 (2023: £41,291). Other expenses of £17,555 (2023: £nil), phone costs of £780 (2023: £640) and council tax & water rates of £5,196 (2023: £3,078) were also paid on his behalf.” — page 15
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee donations
“Joe Barnard, who is employed as our minister, received remuneration totalling £43,295 (2023: £41,291). Other expenses of £17,555 (2023: £nil), phone costs of £780 (2023: £640) and council tax & water rates of £5,196 (2023: £3,078) were also paid on his behalf.” — page 15
Per FY2024 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2024 accounts as filed with OSCR.
Independent examiner: Hollis Accounting Limited
Per FY2024 accounts as filed with OSCR.