Fife College
Latest income
£55.9m
Latest spending
£57.2m
Accounts read
FY2025
Form
Statutory corporation (Royal Charter etc)
Financial health, per FY2025 accounts
The accounts state that the College recorded a deficit of £1.262 million before other gains and losses for the year ended 31 July 2025, with total comprehensive expenditure of £2.929 million. However, the College reported an adjusted operating surplus of £0.836 million after accounting for technical pension adjustments and depreciation. The College holds a net asset position of £50.580 million and a cash balance of £25.139 million, with the Board of Governors satisfied that it has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Highest-paid employee band: £140,001 - £150,000
“The remuneration of the highest paid official in the organisation in the financial year 2024-25 was £143,373.”
Per FY2025 accounts as filed with OSCR.
Defined-benefit pension deficit: £1.8m
“The College is reporting a net asset position in these financial statements of £50.580 million (2023-24: £54.163 million net asset position). This includes a pension liability of £1.821 million for the College’s share of the Fife Council Local Government Pension Scheme (LGPS) at 31 July 2025 (2023-24: £1.733 million).” — page 44
Per FY2025 accounts as filed with OSCR.
Independent examiner: Forvis Mazars LLP
Per FY2025 accounts as filed with OSCR.