The Edinburgh Academy
Latest income
£19.8m
Latest spending
£20.3m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the Group reported a net deficit of £342,512 for the year ended 31 July 2025, driven by significant compensation and legal provisions related to historical abuse claims. Despite this deficit, the charity maintains unrestricted funds of £20,833,180 and has secured a £4 million loan facility to ensure liquidity and meet its obligations for at least twelve months. The trustees confirm that the going concern basis of accounting is appropriate, supported by a forecasted cash surplus for the upcoming year.
What the accounts disclose
Related-party transaction: Transactions with Edinburgh Academy Trading Limited
“During the year rental income of £12,000 (2024: £12,000) was charged to the wholly owned subsidiary, Edinburgh Academy Trading Limited, for use of premises. Costs incurred on behalf of the subsidiary are recharged at cost. At 31 July 2025 £14,848 (2024: £1,310) was owed by the subsidiary.” — page 51
Per FY2025 accounts as filed with OSCR.