John Menzies Trust For Scotus College And Catholic Education
Latest income
£875k
Latest spending
£131k
Accounts read
FY2021
Form
Trust (founding document is a deed of trust) (other than educational endowment)
Financial health, per FY2021 accounts
The accounts state that total funds increased to £7,685,153, driven by significant investment gains and an uplift receipt from the Blairs Estate development. The trustees confirm that the trust maintains adequate liquidity to meet ongoing commitments and charitable objectives. However, the audit report highlights significant governance and record-keeping failures, including a qualified opinion due to limited scope and lack of direct trustee communication.
What the accounts disclose
Audit opinion: qualified
“The above matters resulted in a limitation of scope, leading to a qualified audit opinion for the year ended 28 February 2021.” — page 9
Per FY2021 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2021 accounts as filed with OSCR.
Independent examiner: Clients 1st Accountancy Limited
Per FY2021 accounts as filed with OSCR.