Lockerbie Old School Community Hub (SCIO)
Latest income
£2.8m
Latest spending
£117k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity holds total funds of £3,649,972, with unrestricted reserves of £14,479. The auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern due to uncertain forecast operating conditions and limited free reserves. Despite this, the trustees maintain that the charity has adequate resources to continue in operational existence for at least 12 months from the date of approval.
What the accounts disclose
Going concern: material uncertainty disclosed
“We draw attention to note 1 of the financial statements which highlight that the forecast operating conditions of the charity are uncertain with limited free reserves. These conditions indicate that a material uncertainty exists that may cast significant doubt on the charity’s ability to continue as a going concern.” — page 10
Per FY2025 accounts as filed with OSCR.
Payments to trustees: Gillian Moffat received £1,200 by way of remuneration to act as temporary project manager.
“During the year Gillian Moffat received £1,200 (2024 - £Nil) by way of renumeration to act as temprary project manager follow the resignation of the previous employee and before the new staff member was appointed.” — page 22
Per FY2025 accounts as filed with OSCR.