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Russell Trust

Scottish charity SC004424 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£210k
Latest spending
£240k
Accounts read
FY2025

Financial health, per FY2025 accounts

The accounts state that free reserves decreased from £748,796 to £700,932, while total net assets fell from £6,062,712 to £5,740,878 due to significant investment losses. The trustees report that funds are sufficient for the foreseeable future, and the independent auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Related-party transaction: The Trust was recharged expenses including staff cost and office costs of £19,893 (2024: £20,653) by Tullis Russell Group Limited, a company in which three Trustees of The Russell Trust are directors.
“The Trust was recharged expenses including staff cost and office costs of £19,893 (2024: £20,653) by Tullis Russell Group Limited, a company in which three Trustees of The Russell Trust are directors. The Trust also received a donation of £188,000 (2024: £271,000) in the year from Tullis Russell Group Limited.” — page 20
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.