Charity Accounts Intelreading the accounts so you don’t have to

Scotia Medical Group (SCIO)

Scottish charity SC050096 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£128k
Latest spending
£115k
Accounts read
FY2025

Financial health, per FY2025 accounts

The accounts state that the charity faced cash flow challenges due to growing its equipment base, requiring an anonymous interest-free loan which was subsequently repaid. The trustees report that they have struggled to meet their reserves policy target and are currently discussing the implementation of a formal reserves policy for the next financial year.

What the accounts disclose

Reserves position: below the charity's own stated policy
“We have struggled to meet the reserves policy with the introduction of the fleet and the lack of financial knowledge this entailed.” — page 7
Per FY2025 accounts as filed with OSCR.
Going concern: doubt noted
“due to cash flow challenges in growing the equipment base, received an anonymous, interest-free, loan to tide them through the year and this was repaid in the next financial year.”
Per FY2025 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.