St Machar Parent Support Project
Latest income
£195k
Latest spending
£185k
Accounts read
FY2022
Financial health, per FY2022 accounts
The accounts state that unrestricted reserves of £25,861 are lower than the charity's own policy target of three to six months' expenditure, which the trustees calculate at £46,269. The charity remains dependent on core funding from Aberdeen City Council and other grants to continue its activities, with a designated redundancy fund held to cover potential staff costs if funding ceases.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The current level of reserves is therefore lower than is needed”
Per FY2022 accounts as filed with OSCR.