HEATHERSLAW MILL TRUST
The running of Heatherslaw Mill
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves decreased from £309,564 to £298,590, resulting in a net deficit of £15,224 for the year due to expenditure exceeding income. The trustees consider the current financial state to be adequate to continue fulfilling objectives and have adopted the going concern basis. The charity is in the process of transferring its assets to a new Charitable Incorporated Organisation structure.
What the accounts disclose
“The trustees have reviewed the reserves of the HMT and have considered the nature of the income and expenditure streams. They consider that the reserves held are sufficient and necessary to allow the HMT to fulfil its objectives.” — page 5
Trustees
- LORD JOICEYchair
- Hon William James Joicey
- Mark Cuddigan
- ROBIN ERSKINE GREENWOOD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £77k | £91k |
| 31/10/2024 | £77k | £87k |
| 31/10/2023 | £85k | £82k |
| 31/10/2022 | £81k | £146k |
| 31/10/2021 | £98k | £101k |
Common questions
Is HEATHERSLAW MILL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves decreased from £309,564 to £298,590, resulting in a net deficit of £15,224 for the year due to expenditure exceeding income. The trustees consider the current financial state to be adequate to continue fulfilling objectives and have adopted the going concern basis. The charity is in the process of transferring its assets to a new Charitable Incorporated Organisation structure. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/06/1999 | £26k | "Heatherslaw Visitor Information Centre, Cornhill on Tweed" |