Pluscarden Abbey
Latest income
£702k
Latest spending
£554k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that unrestricted reserves total £5,035,816, with the trustees noting that these are predominantly tied up in tangible fixed assets. The charity completed a major building project by using its investment portfolio, leaving over £300,000 in hand to restart investments, and the trustees have assessed major risks as being mitigated by existing systems. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.