Voluntary Action Barra & Vatersay
Latest income
£320k
Latest spending
£342k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £21,704 for the year, resulting in free unrestricted reserves of £4,983. This is below the trustees' stated policy target of maintaining reserves equivalent to three to six months of expenditure. The trustees acknowledge the financial situation is temporary and cite ongoing measures such as property sales and restructuring to address the deficit.
What the accounts disclose
Going concern: doubt noted
“Given these actions, the board believes it is appropriate to maintain the going concem assumption.” — page 5
Per FY2025 accounts as filed with OSCR.
Payments to trustees: Donald Manford received £3,065 remuneration.
“Donald Manford, trustee, recieved remuneration of £3,065 (2024 - £7,544) for his role as a employee during the year.” — page 11
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Trustee Donald Manford received remuneration for employment.
“Donald Manford, trustee, recieved remuneration of £3,065 (2024 - £7,544) for his role as a employee during the year.” — page 11
Per FY2025 accounts as filed with OSCR.