Board Of Management Of Inverness College
Latest income
£30.1m
Latest spending
£30.9m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the college reported a deficit before other gains and losses of £842,992 for the year ended 31 July 2025, compared to a surplus in the previous year. Per the trustees' report, the college describes its current financial position as precarious due to significant sectoral pressures, unfunded cost increases, and reduced funding allocations, though it maintains sufficient cash balances to continue operations.
What the accounts disclose
Highest-paid employee band: £130,001 - £140,000
“The banded remuneration of the highest paid official in the organisation in the financial year 2024/25 was £130,000 - £135,000” — page 34
Per FY2025 accounts as filed with OSCR.
Reserves position: below the charity's own stated policy
“Colleges may no longer retain annual surpluses. Colleges have been permitted to transfer any income and expenditure surpluses they make to foundations, as reserves are no longer allowed to be built up in colleges.”
Per FY2025 accounts as filed with OSCR.
Going concern: doubt noted
“The current financial position of the college is a precarious one, with forecasts being prepared at a time when there are significant and unprecedented financial pressures on all colleges and universities within Scotland, as well as financial sustainability issues for all UHI colleges within the UHI partnership.” — page 55
Per FY2025 accounts as filed with OSCR.