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City Charitable Trust

Scottish charity SC032323 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£1.5m
Latest spending
£1.5m
Accounts read
FY2024

Financial health, per FY2024 accounts

The accounts state that the charity held unrestricted reserves of £47,200 at year-end, representing a prudent general reserve. The charity reported a net income surplus of £8,743 for the year, funded primarily by donations from a related party. The trustees confirmed that resources are adequate to continue operations with no material uncertainties identified.

What the accounts disclose

Related-party transaction: Donations received from City Facilities Management Holdings (UK) Ltd, a company controlled by two trustees.
“During the year donations of £945,000 (2023: £701,000) were received from City Facilities Management Holdings (UK) Ltd , a company controlled by two trustees, . As at 31 December 2024 there is a debtor due from City Facilities Management Holdings (UK) Ltd of £6,100 (2023: £12,350). This debtor has been subsequently repaid. During the year payments of £537,735 were paid to CBES Limited. in relation to charitable expenditure. CBES Limited is a wholly owned subsidiary of City Facilities Management Holdings (UK) Limited. City Facilities Management Holdings (UK) Ltd maintains the books and records on behalf of the charity without charge.” — page 18
Per FY2024 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.