Hospitality Industry Trust Scotland SCIO
Latest income
£1.3m
Latest spending
£1.1m
Accounts read
FY2024
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2024 accounts
The accounts state that the charity generated a deficit of £89,669 for the year, primarily due to a strategic increase in scholarship offerings. Despite this deficit, the charity maintains healthy unrestricted free reserves of £538,146, which exceed the Trustees' stated policy target of £300,000, supporting a going concern basis.
What the accounts disclose
Highest-paid employee band: £90,001 - £100,000
“In the band £90,001 - £100,000” — page 31
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee provided event sponsorship of £nil
“Trustee, who provided event sponsorship of £nil (2023: £1,000). No amounts were outstanding at the year end.”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee provided donation of £3,900 for auction prize
“Trustee, who provided event sponsorship of £nil (2023: £1,000). No amounts were outstanding at the year end.”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustee provided donation of £600 for auction prize
“Trustee, who provided event sponsorship of £nil (2023: £1,000). No amounts were outstanding at the year end.”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Trustees' hotels/organisations sponsored/hosted events
“Trustee, who provided event sponsorship of £nil (2023: £1,000). No amounts were outstanding at the year end.”
Per FY2024 accounts as filed with OSCR.
Employees paid over £60,000: 1
“One employee received remuneration exceeding £60,000 during the year (2023: One).” — page 32
Per FY2024 accounts as filed with OSCR.
Reserves policy: £300,000 (held: £538k)
“The Trustees therefore consider it appropriate to hold sufficient unrestricted reserves to cover its major commitments at least for the coming year estimated as £300,000” — page 13
Per FY2024 accounts as filed with OSCR.
Independent examiner: Whitelaw Wells
Per FY2024 accounts as filed with OSCR.