Scottish Youth Film Foundation (SCIO)
Latest income
£205k
Latest spending
£198k
Accounts read
FY2025
Financial health, per FY2025 accounts
The charity reported a net deficit of £39,335 for the year ended 30 September 2024, resulting in a decrease in total reserves from £80,790 to £41,455. The trustees acknowledge that the unrestricted reserves of £19,088 are below the stated policy target of £19,216 (representing 3-6 months of operating costs) and aim to build these reserves through income generation. Despite the deficit, the accounts are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Reserves position: below the charity's own stated policy
“On 30 September 2024, the charity held £19,088 of unrestricted reserves (2023: £45,874), the trustees are aware that this policy is not being met”
Per FY2025 accounts as filed with OSCR.