The Royal Scottish Academy Foundation
Latest income
£723k
Latest spending
£747k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity holds significant unrestricted reserves of £18,740,978 against a stated policy of no minimum reserve requirement. The trustees report that the charity will continue its activities for the foreseeable future, supported by a significant unrestricted investment portfolio from which to draw down funds.
What the accounts disclose
Related-party transaction: The Royal Scottish Academy is a separate charity, recognised by OSCR and HM Revenue & Customs which administers this Foundation. The amount due to the Royal Scottish Academy at 31 March 2025 is £128,744 (2024: £151,524) and it is included in creditors at the year end. The Royal Scottish Academy Foundation donated £713,000 (2024: £640,000) to the Royal Scottish Academy in the year.
“The Royal Scottish Academy is a separate charity, recognised by OSCR and HM Revenue & Customs which administers this Foundation. The amount due to the Royal Scottish Academy at 31 March 2025 is £128,744 (2024: £151,524) and it is included in creditors at the year end. The Royal Scottish Academy Foundation donated £713,000 (2024: £640,000) to the Royal Scottish Academy in the year.” — page 17
Per FY2025 accounts as filed with OSCR.