Hope Trust
Latest income
£277k
Latest spending
£289k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that total unrestricted funds increased to £7,748,145, supported by a net gain on investments of £206,258 which offset a net expenditure on charitable activities. The trustees report that reserves are at a level they are comfortable with, allowing the Trust to fund projects and make donations as they see fit. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Related-party transaction: Management expenses paid to Drummond Miller LLP, where the Trust's secretary is a Senior Managing Paralegal.
“The Trust incurred management expenses of £36,000 (2023 - £36,000) with Drummond Miller LLP. £18,000 (2023 - £18,000) remained outstanding at the year end date. is secretary of The Hope Trust and a Senior Managing Paralegal with Drummond Miller LLP.” — page 18
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Grant to Aberdeen Centre for Protestant Theology, founded by a Trustee.
“The Trust incurred management expenses of £36,000 (2023 - £36,000) with Drummond Miller LLP. £18,000 (2023 - £18,000) remained outstanding at the year end date. is secretary of The Hope Trust and a Senior Managing Paralegal with Drummond Miller LLP.” — page 18
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Grant to Theology in Scotland, chaired by a Trustee.
“The Trust incurred management expenses of £36,000 (2023 - £36,000) with Drummond Miller LLP. £18,000 (2023 - £18,000) remained outstanding at the year end date. is secretary of The Hope Trust and a Senior Managing Paralegal with Drummond Miller LLP.” — page 18
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Grant to 3rd Hawick Battalion of the Girls’ Brigade, linked to a Trustee who is Minister for Hawick.
“The Trust incurred management expenses of £36,000 (2023 - £36,000) with Drummond Miller LLP. £18,000 (2023 - £18,000) remained outstanding at the year end date. is secretary of The Hope Trust and a Senior Managing Paralegal with Drummond Miller LLP.” — page 18
Per FY2024 accounts as filed with OSCR.