New Lanark Trust
Latest income
£5.3m
Latest spending
£5.6m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the group recorded a net expenditure of £363,407 for the year, resulting in unrestricted reserves of £18,017,185. The trustees acknowledge that the group has not been able to adhere to its reserves policy of holding £600,000 in general contingency funds due to the adverse effects of the pandemic on trading results. Per the auditors' report, a material uncertainty exists regarding the group's ability to continue as a going concern due to net current liabilities and dependence on grant funding.
What the accounts disclose
Going concern: material uncertainty disclosed
“These conditions indicate the existence of a significant material uncertainty which casts doubt about the charity’s, and the group’s, ability to continue as a going concern.”
Per FY2025 accounts as filed with OSCR.
Payments to trustees: No trustees received remuneration or payment for services. Reimbursement of out-of-pocket expenses was nil. A payment of £1,317 was made to Angus James Associates Limited, a company of which a trustee is a director, for services.
“No trustees (2024: no trustees) received (2024: £nil) expenses from the Trust in respect of travel to attend Trustees' meetings. The Trust paid Angus James Associates Limited, of which is a Director, £1,317 in the current year (2024: £1,313).” — page 21
Per FY2025 accounts as filed with OSCR.