Aberdeen Endowments Trust
Latest income
£1.3m
Latest spending
£1.1m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the Trust holds total net assets of £50.103 million, with an Endowment Fund valued at £50.825 million. However, the Restricted Funds show an overall deficit of £0.736 million, driven by a Revenue Surplus deficit of £1.166 million due to multi-year bursary commitments. The Trustees are confident the Trust can meet its long-term commitments and anticipate eradicating the deficit within the next 3-4 years through asset rebalancing and strict budget management.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The Trustees have reviewed the current reserve and consider the reserve of £349,000 to be sufficient.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: The Trust pays fees to Robert Gordon's College, a beneficiary and related party, for bursaries and an annual sum.
“The fees and annual sum payable to Robert Gordon’s College are included in Note 7 and the balance outstanding on 30" June 2025 is shown in Note 14. The full obligations to the College are included in Note 14.” — page 9
Per FY2025 accounts as filed with OSCR.