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Kilgraston School Trust (subject to insolvency proceedings)

Scottish charity SC029664 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£5.5m
Latest spending
£5.5m
Accounts read
FY2022

Financial health, per FY2022 accounts

The accounts state that the charity operated at a deficit of £113,563 for the year ended 31 July 2022, with unrestricted reserves standing at £1,314,664. Per the trustees' report, the financial statements were prepared on a basis other than going concern due to current liabilities exceeding current assets, although subsequent arrangements with Achieve Education Limited have restored financial stability.

What the accounts disclose

Highest-paid employee band: £100,001 - £110,000
“The number of employees with emoluments £70,000-£80,000 amounted to Nil (2021 -1), £100,000-£110,000 amounted to 1 (2021 – Nil) and £130,000-£140,000 amounted to Nil (2021 – 1).” — page 24
Per FY2022 accounts as filed with OSCR.
Going concern: doubt noted
“As such, the Trustees do not consider it appropriate to adopt the going concern basis in preparing the financial statements.” — page 13
Per FY2022 accounts as filed with OSCR.
Related-party transaction: Trustees and Governors had children in attendance; fees paid were in line with normal fee levels.
“The following Trustees and Governors had children in attendance in School during the year however the fees paid were in line with normal fee levels”
Per FY2022 accounts as filed with OSCR.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.