Kincarrathie Trust
Latest income
£2.3m
Latest spending
£2.4m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted funds totalled £3,702,815 at the year-end, which the trustees consider sufficient to maintain the provision of care and meet future maintenance expenditure. Although the charity reported an unrestricted fund deficit of £103,742 for the year due to increased costs and lower occupancy, the overall net assets remain substantial at £3,712,835.
What the accounts disclose
Related-party transaction: A relative of one of the trustees was a resident at Kincarrathie House operated by the Trust. The resident paid fees in line with the standard rates charged to all residents. The trustee was not involved in any decisions relating to the care, fees, or admission of the relative, and the arrangement was conducted on an arm’s length basis.
“During the year, a relative of one of the trustees was a resident at Kincarrathie House operated by the Trust. The resident paid fees in line with the standard rates charged to all residents. The trustee was not involved in any decisions relating to the care, fees, or admission of the relative, and the arrangement was conducted on an arm’s length basis.” — page 41
Per FY2025 accounts as filed with OSCR.