Abbeyfield Bearsden Society Ltd
Latest income
£189k
Latest spending
£205k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported a net expenditure of £15,760 for the year, reducing total funds to £316,313. The trustees note that cash reserves represent approximately six months of costs, providing a buffer against reduced income. However, the Chairman's Report highlights significant pressure from the cost-of-living crisis and uncertainty regarding national structural changes.
What the accounts disclose
Related-party transaction: 11. RELATED PARTY DISCLOSURES
“During the year the charitable company incurred various repair and maintenance costs totalling £27,700 to MPE Design and Build, a business under the control of the former trustee At 31 October 2024 Debtors includes £7,156 due to the charity from M Esdaile.” — page 14
Per FY2024 accounts as filed with OSCR.