Haddington Community Church
Latest income
£202k
Latest spending
£95k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity held total funds of £106,847 at the year end, comprising £100,347 in unrestricted funds and £6,500 in restricted funds. The trustees report that the charity's reserves policy, which aims to hold three months of operating expenditure, is met. The charity achieved a surplus for the period largely due to an initial transfer of funds from its parent charity.
What the accounts disclose
Related-party transaction: The funds had been collected over the past few years by the parent charity of the church... These funds had been held as designated for the use of Haddington Community Church and were transferred at the registration of the charity on 14 December 2023.
“The miscellaneous donation of £102,385 was received from the supporting parent charity on the registration of Haddington Community Church as an independent charity. These funds had been held as designated for the use of Haddington Community Church and were transferred at the registration of the charity on 14 December 2023.” — page 11
Per FY2024 accounts as filed with OSCR.
Related-party transaction: The minister was paid from the Free Church of Scotland central funds for his office as minister and was reimbursed by the congregation for expenses incurred in that role, including housing allowance as the congregation does not have a manse.
“The miscellaneous donation of £102,385 was received from the supporting parent charity on the registration of Haddington Community Church as an independent charity. These funds had been held as designated for the use of Haddington Community Church and were transferred at the registration of the charity on 14 December 2023.” — page 11
Per FY2024 accounts as filed with OSCR.