Forfar Resource Store
Latest income
£150k
Latest spending
£166k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves stood at £73,301, which the trustees consider sufficient to continue activities in the event of a significant drop in funding. The charity reported a net movement in funds of (15,453) for the year, resulting in a decrease in total reserves from £91,357 to £75,904. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated policy
“Althought the year end balance was slightly lower than this, the Trustees are confident that the charity can continue in the same manner. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities”
Per FY2025 accounts as filed with OSCR.
Payments to trustees: One trustee received a salary of £8,248 for administrative duties.
“During the = ifn is a trustee received a salary of £8,248 (2024 - £10,179) for administrative duties carried out.” — page 10
Per FY2025 accounts as filed with OSCR.