The Open Seas Trust

Scottish charity SC045699 · record on the Scottish Charity Register (OSCR) · accounts PDF

Financial health, per FY2024 accounts

The accounts state that the charity incurred a net deficit of £54,370 for the year ended 31 December 2024, resulting in total reserves falling to £277,060 from £331,430 the previous year. Per the trustees' report, unrestricted reserves stood at £128,190, which meets the agreed policy target of £95,000 (representing four months' operational costs). The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.