Mikeysline
Latest income
£905k
Latest spending
£862k
Accounts read
FY2025
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2025 accounts
The accounts state that the charity recorded a surplus of £32,971 for the year ended 31 March 2025, with total unrestricted reserves of £495,033. Per the trustees' report, this level of reserves is maintained above the stated policy target of between £162,000 and £323,000, ensuring the charity can sustain activities even if funding drops. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Payments to trustees: One trustee received £1,340 of remuneration, expenses or benefits.
“One (2024 - one) of the trustees (or any persons connected with them) received £1,340 (2024 - £751) of remuneration, expenses or benefits from the charity during the year.” — page 21
Per FY2025 accounts as filed with OSCR.
Reserves policy: three to six months' expenditure (approximately £162,000 - £323,000) (held: £495k)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure, which is approximately between £162,000 and £323,000.” — page 6
Per FY2025 accounts as filed with OSCR.
Independent examiner: A9 Accountancy Limited
Per FY2025 accounts as filed with OSCR.