Scottish Children’s Lottery Trust
Latest income
£2.7m
Latest spending
£2.7m
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that total incoming resources were £2,680,450, with a net income of £36,267 for the year ended 31 December 2024. The charity holds unrestricted reserves of £51,979, which the trustees describe as a surplus maintained to meet obligations under its gambling licence. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The reserves of the charity at 31 December 2024 were a surplus of £51,979 (2023: £51,979 surplus), none of which is restricted. The trustees of Scottish Children's Lottery Trust strive to keep reserves at a minimum but ensure that the charity's restricted funds are at a level that enables the charity to meet its funding commitments to charitable objectives.” — page 15
Per FY2024 accounts as filed with OSCR.