Norton Park SCIO
Latest income
£843k
Latest spending
£879k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £27,836 for the year ended 31 March 2025, resulting in closing unrestricted reserves of £4,406,538. The trustees' report notes that the deficit was planned and covered by designated reserves, while the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Related-party transaction: Accommodation charges paid to Albion Equity Limited
“During the year Norton Park SCIO paid accommodation charges during the year to Albion Equity Limited of £30,083 (2024 - £30,083). Albion Equity Limited paid the gift aided contribution accrued in 2024 of £10,066 (2024 - £3,615) to Norton Park SCIO. As at the year end, Norton Park SCIO was owed £60,106 (2024 - £38,643) by Albion Equity Limited. During the year Norton Park SCIO received pro-bono work from Holyrood PR in which Scott Douglas is a Director of. The cost of this service would be equivalent to £15,486.” — page 37
Per FY2025 accounts as filed with OSCR.