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Glasgow City Foundation

Scottish charity SC045450 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£326k
Latest spending
£433k
Accounts read
FY2024

Financial health, per FY2024 accounts

The accounts state that the charity incurred a net expenditure of £106,084 for the year ended 31 December 2024, resulting in a decrease in free reserves from £150,744 to £54,660. Per the trustees' report, these unrestricted funds amount to two months of expenditure, which is below the stated policy target of three to six months. The trustees remain satisfied with the financial position and ability to meet ongoing commitments despite the deficit.

What the accounts disclose

Reserves position: below the charity's own stated policy
“At the year end, the charity held free reserves of £54,660 (2023: £150,744) which amounts to two months expenditure and will therefore review areas where funding might be improved.” — page 5
Per FY2024 accounts as filed with OSCR.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.