Fife Employment Access Trust
Latest income
£497k
Latest spending
£742k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves decreased to £174,493 from £352,696 in the prior year, resulting in a net expenditure of £244,849. The trustees note that the contingency fund approximates three months of operating expenditure, which they consider satisfactory given the revenue funding secured. However, the report highlights risks attached to the flax mill development programme due to costs rising above pledged funding levels.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The reserve fund of £174,493 (2024: £352,696) represents the unrestricted funds arising from past operating results. The trustees are aware that the contingency fund of £168,000 held within the unrestricted funds approximates to around three month's operating expenditure which is satisfactory given the revenue funding presently secured.” — page 10
Per FY2025 accounts as filed with OSCR.