The Benevolent Fund For Nurses In Scotland
Latest income
£288k
Latest spending
£291k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted funds totalled £9,183,916 at year-end, with the charity entirely dependent on investment income to fund its operations. The trustees consider the level of reserves necessary to generate sufficient income for grants and administration, noting that the investment portfolio delivered a 16% total return in 2025. The audit report confirms the financial statements give a true and fair view and identifies no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Related-party transaction: Accountancy and secretarial services provided by Mitchell Edwards Ltd, where the Secretary is a Director. £24,496 charged in the year.
“Accountancy and secretarial services are provided by Mitchell Edwards Ltd. The Secretary is a Director of Mitchell Edwards Ltd. During the year £24,496 (2024: £27,638) was charged by Mitchell Edwards Ltd.” — page 19
Per FY2025 accounts as filed with OSCR.