Cromarty Arts Trust
Latest income
£207k
Latest spending
£231k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £24,027 for the year ended 31 July 2025, with total income of £206,978 against expenditure of £231,005. The trustees note rising costs and reliance on earned income, but maintain that the charity has adequate resources to continue as a going concern, supported by fixed assets and investments valued at £196,575.
What the accounts disclose
Related-party transaction: The Trust received significant financial support from the Cromarty Trust which shares the same Chairman and a second Trustee.
“The Trust received significant financial support from the Cromarty Trust which shares the same Chairman and a second Trustee.” — page 24
Per FY2025 accounts as filed with OSCR.
Related-party transaction: The Trust entered into a 50 year lease with Michael Nightingale & Co Ltd at an annual rent of £1. Two trustees are directors of this company.
“The Trust received significant financial support from the Cromarty Trust which shares the same Chairman and a second Trustee.” — page 24
Per FY2025 accounts as filed with OSCR.