Portobello Town Hall
Latest income
£229k
Latest spending
£267k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit for the year, with unrestricted funds decreasing from £52,332 to £46,509. Per the trustees' report, actual reserves fell short of the adopted Reserves Policy target, which is not expected to be met early in the charity's life. The organization holds a loan from Social Investment Scotland and relies on grants and donations to fund operations.
What the accounts disclose
Reserves position: below the charity's own stated policy
“As anticipated, the level of charitable funds held at 31 July 2024 fell short of the requirements of the Reserves Policy.” — page 13
Per FY2025 accounts as filed with OSCR.