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

Glenalmond College

Scottish charity SC006123 · record on the Scottish Charity Register (OSCR) · accounts PDF · all Scottish charities

Latest income
£11.1m
Latest spending
£15.0m
Accounts read
FY2024
Form
Trust (founding document is a deed of trust) (other than educational endowment)

Website: www.glenalmondcollege.co.uk

Financial health, per FY2024 accounts

The accounts state that the charity reported a loss of £1.5m for the year ended 31 July 2024, resulting in net current liabilities of £1.4m and a reduction in total net assets to £11.5m. The trustees confirm that the going concern basis is appropriate, citing available funding lines including a secured loan of up to £9m and unrestricted reserves of £6.8m as sufficient to meet future obligations.

What the accounts disclose

Highest-paid employee band: £210,001 - £220,000
“Taxable emolument band: £210,000 - £220,000 1 -”
Per FY2024 accounts as filed with OSCR.
Reserves policy: nine months of expenditure (held: £6.8m)
“Where unrestricted reserves fall below the level required to cover the next 9 months expenditure, Glenalmond would seek to build back to the required level of reserves within the following 12 months.” — page 12
Per FY2024 accounts as filed with OSCR.
Largest income source: Fees (net) (98% of income)
“Fees (net) 8,831,597” — page 20
Per FY2024 accounts as filed with OSCR.
Defined-benefit pension deficit: £370k
“Balance at 31 July 2024 370,170” — page 33
Per FY2024 accounts as filed with OSCR.
Independent examiner: Henderson Loggie LLP
Per FY2024 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.