Partick Thistle Charitable Trust
Latest income
£1.5m
Latest spending
£1.6m
Accounts read
FY2025
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2025 accounts
The accounts state that the charity incurred a net deficit of £79,631 for the year ended 31 May 2025, resulting in a total fund deficit of £16,326. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern due to uncertain forecasted funding. However, they maintain that the charity remains a going concern based on a flexible cost base and anticipated future funding.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The Trust's reserve policy is to maintain unrestricted reserves at a level of 3 months expenditure. We acknowledge that this is not the case at the balance sheet date” — page 5
Per FY2025 accounts as filed with OSCR.
Going concern: material uncertainty disclosed
“Based on the above the Trustees recognise that there is a material uncertainty that casts significant doubt on the Trust's ability to continue as a going concern.” — page 5
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Independent examiner: Azets Audit Services
Per FY2025 accounts as filed with OSCR.