Isle Of Luing Community Trust
Latest income
£320k
Latest spending
£345k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity ended the year with a small loss, noting that VAT became payable for the first time throughout the entire year. The trustees report that reserves have been maintained at a level equivalent to between three and six months' expenditure, consistent with their stated policy. Major repairs to the Atlantic Islands Centre are planned for 2025, with fundraising scheduled to commence to cover the estimated £5k cost.