Royal Scottish Academy
Latest income
£1.5m
Latest spending
£1.6m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total reserves stood at £4,287,861, comprising £2,163,752 in unrestricted reserves, which exceeds the stated minimum reserve requirement of £400,000. The charity reported a net movement in funds of £(146,144) for the year, resulting in a decrease in total reserves from the previous year. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000
“There was one employee (2024: one employee) with emoluments above £60,000 in the £60,000-£70,000 salary band.” — page 22
Per FY2025 accounts as filed with OSCR.
Related-party transaction: The Royal Scottish Academy Foundation is a separate charity registered with OSCR, managed and administered by the Academy. At the year end £128,744 (2024: £151,524) was due to the Academy from the Royal Scottish Academy Foundation and this is included within other debtors. The Royal Scottish Academy Foundation donated £713,000 (2024: £640,000) to the Royal Scottish Academy in the year.
“The Royal Scottish Academy Foundation is a separate charity registered with OSCR, managed and administered by the Academy. At the year end £128,744 (2024: £151,524) was due to the Academy from the Royal Scottish Academy Foundation and this is included within other debtors. The Royal Scottish Academy Foundation donated £713,000 (2024: £640,000) to the Royal Scottish Academy in the year.” — page 33
Per FY2025 accounts as filed with OSCR.