Blair Charitable Trust
Latest income
£10.1m
Latest spending
£8.6m
Accounts read
FY2025
Form
Trust (founding document is a deed of trust) (other than educational endowment)
Financial health, per FY2025 accounts
The accounts state that the group reported a significant increase in total income to £10,119,037, driven by grant income and visitor revenue, resulting in an unrestricted surplus of £1,365,722. The trustees confirm that unrestricted reserves of £8,488,196 are adequate to meet the charity's objectives and commitments for the foreseeable future.
What the accounts disclose
Highest-paid employee band: £120,001 - £130,000
“One employee earned emoluments in the £120,000 - £130,000 band (2024: nil).” — page 32
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Subsidiary management fees and costs
“During the year the Trust charged the subsidiary £170,160 under property lease agreements (2024: £168,445), and the subsidiary charged the Trust management fees of £234,897 (2024: £195,242) and costs of £1,055,178 (2024: £978,087) in connection with the exhibition.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Fees from Millbank Financial Services
“During the year the Trust charged the subsidiary £170,160 under property lease agreements (2024: £168,445), and the subsidiary charged the Trust management fees of £234,897 (2024: £195,242) and costs of £1,055,178 (2024: £978,087) in connection with the exhibition.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Income from Mulard Renewables
“During the year the Trust charged the subsidiary £170,160 under property lease agreements (2024: £168,445), and the subsidiary charged the Trust management fees of £234,897 (2024: £195,242) and costs of £1,055,178 (2024: £978,087) in connection with the exhibition.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Income from Atholl Hydro and Blair Atholl Industrial Space
“During the year the Trust charged the subsidiary £170,160 under property lease agreements (2024: £168,445), and the subsidiary charged the Trust management fees of £234,897 (2024: £195,242) and costs of £1,055,178 (2024: £978,087) in connection with the exhibition.”
Per FY2025 accounts as filed with OSCR.
Reserves policy: minimum net current asset requirement of £50,000 (held: £8.5m)
“The Trust has identified a minimum net current asset requirement of £50,000 in order to meet commitments as they fall due.”
Per FY2025 accounts as filed with OSCR.
Largest income source: Trading subsidiary turnover (66% of income)
“Turnover in trading subsidiary 6,637,474” — page 16
Per FY2025 accounts as filed with OSCR.
Trading subsidiary: Blair Castle Estate Limited
“The Trust has a wholly-owned subsidiary, Blair Castle Estate Limited, which is registered in Scotland. This company carries out the trading activities of the Trust and made a profit of £599,446 in the year ended 31 March 2025” — page 8
Per FY2025 accounts as filed with OSCR.
Independent examiner: Saffery LLP
Per FY2025 accounts as filed with OSCR.