RC Diocese Of Dunkeld
Latest income
£4.1m
Latest spending
£4.3m
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity has total net assets of £15,213,095, with unrestricted funds of £8,787,491. However, after deducting fixed assets and designated funds, the net free reserves are reported as a deficit of £899,774. The trustees acknowledge that free reserves do not meet their policy intention and have initiated a review of assets and liabilities to address this situation.
What the accounts disclose
Reserves position: below the charity's own stated policy
“Noting the free reserves do not meet the intention of the Trustee above and with little scope to achieve a surplus on ordinary income, the Trustee is aware of the need to address this situation in the short term and initiated a full review of all Diocesan assets and liabilities.” — page 5
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Dunkeld Care Ltd rents property from the Diocese; rental income was £85,861 and a management charge of £19,500 was paid by the subsidiary to the parent. A donation of £95,000 was received from Dunkeld Care Ltd.
“Dunkeld Care Ltd rents the property from which it trades from RCDD under an agreement where market rent plus 5% of profit is paid, for which rental income was £85,861 (2023 - £83,645). A management charge of £19,500 (2023 - £18,000) was also paid by Dunkeld Care Limited to the parent charity.” — page 45
Per FY2024 accounts as filed with OSCR.