The Michael Tracey Project
Latest income
£2.0m
Latest spending
£1.9m
Accounts read
FY2025
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2025 accounts
The accounts state that the charity incurred a net expenditure of £30,948 for the year ended 30 June 2024, resulting in a decrease in total funds to £116,626. The trustees' report notes that cashflow has improved, allowing the charity to retain one month's worth of normal running costs to meet commitments. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries or pension deficits.
What the accounts disclose
Payments to trustees: Trustees' salaries £49,861; Trustees' pension contributions £1,211
“Trustees' salaries 49,861 44,345 Trustees' pension contributions to money purchase schemes 1,211 1,112”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Related party disclosures
“During the year the charity paid the following sums to Include Me 2 Club, a charity in which PF is also a trustee: £1,960 (2023: £1,289.00) for clients to attend the social club.” — page 21
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Reserves policy: one months worth of normal running costs (held: £117k)
“The cashflow for The Michael Tracey Project has improved during the year which has allowed the charity to retain one months worth of normal running costs in order to meet commitments and cover any unexpected expenditure.” — page 3
Per FY2025 accounts as filed with OSCR.
Largest income source: Charitable activities (99% of income)
“Respite Care 1,790,936 10,000 1,800,936 1,542,886” — page 10
Per FY2025 accounts as filed with OSCR.
Independent examiner: TB Dunn & Co
Per FY2025 accounts as filed with OSCR.