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Coats Memorial Preservation Trust

Scottish charity SC048033 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£161k
Latest spending
£44k
Accounts read
FY2024

Financial health, per FY2024 accounts

The charity reported a surplus of £117,126 for the year ended 31 December 2024, increasing total unrestricted funds to £195,043. This financial improvement was significantly driven by a £161,302 distribution from its wholly owned trading subsidiary, Coats Events Limited. The trustees confirmed adequate resources for going concern, though they noted the building remains uninsured due to cost constraints.

What the accounts disclose

Related-party transaction: Interest-free loan from parent charity to subsidiary Coats Events Limited.
“The Trust's subsidiary trading company, Coats Events Limited, benefitted from an interest free, unsecured loan from its parent charity which is included as other debtors. The amount outstanding at 31st December 2023 was £43,050” — page 14
Per FY2024 accounts as filed with OSCR.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.