THE ROTHES CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £414,729 at the balance sheet date, with a net incoming movement in funds of £179,013 for the year. The trustees report no material uncertainties regarding the trust's ability to continue as a going concern. The charity's reserves policy indicates that no specific reserve target is required as overheads are low and grant-making varies with income.
What the accounts disclose
“It is the Trustees policy not to retain reserves as overheads are low and the grants that are made vary according to the income received. As such no reserves are required to ensure the charity’s continued operations.” — page 4
“The total cash donations received without conditions from the trustees, net of gift aid, totalled £100,000 (2023 £100,954). Donations in the form of shares received without conditions from the trustees total £175,027 (2023 - £nil). There were no other related party transactions during the reporting period that require disclosure in the financial statements.” — page 12
Trustees
- JOSEPH PATRICK MACHALEchair
- MARY ANN MACHALE
- Richard William James Parry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £148k | £153k |
| 31/12/2024 | £119k | £121k |
| 31/12/2023 | £86k | £87k |
| 31/12/2022 | £229k | £149k |
| 31/12/2021 | £0 | £52k |
Common questions
Is THE ROTHES CHARITABLE TRUST financially healthy?
The accounts state that the charity held unrestricted reserves of £414,729 at the balance sheet date, with a net incoming movement in funds of £179,013 for the year. The trustees report no material uncertainties regarding the trust's ability to continue as a going concern. The charity's reserves policy indicates that no specific reserve target is required as overheads are low and grant-making varies with income. Its FY2024 accounts were independently examined.