Showcase The Street
Latest income
£526k
Latest spending
£573k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £46,768 for the year ended 31 December 2025, resulting in a significant drop in total reserves from £59,995 to £13,227. Per the trustees' report, free unrestricted reserves stood at £3,059, which is below the stated policy target of £10,000, and the charity holds a net asset deficit of £49,702. Despite these financial pressures and a temporary closure due to landlord works, the trustees maintain that adequate resources exist to continue operations.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The current level of unrestricted reserves does not meet this.” — page 6
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Consultancy services paid to Community Warehouse Limited, a company where trustee Fergus Storrier is a director.
“During the year, the charity paid the above named company a total of £31,440 (2024 £31,440) for consultancy services provided.” — page 34
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payments received from Fergus Storrier towards an outstanding loan balance advanced to him in a prior year.
“During the year, the charity paid the above named company a total of £31,440 (2024 £31,440) for consultancy services provided.” — page 34
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payments made to Kanzen Karate, a charitable company where trustee Roy O'Kane is a director, for services and studio hire.
“During the year, the charity paid the above named company a total of £31,440 (2024 £31,440) for consultancy services provided.” — page 34
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payment made to Dundee Social Enterprise Network (DSEN), which shares four common directors with the charity, for an awards ceremony table.
“During the year, the charity paid the above named company a total of £31,440 (2024 £31,440) for consultancy services provided.” — page 34
Per FY2025 accounts as filed with OSCR.