The Polar Academy
Latest income
£599k
Latest spending
£538k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity generated total incoming resources of £598,868 and incurred total expenditure of £537,631, resulting in a net surplus of £61,237 for the year. The trustees report that unrestricted funds are maintained at a level of up to 18 months expenditure, with total funds at year-end totaling £725,885. While the trustees acknowledge that funding remains a challenge and expect inflationary pressures, they are satisfied that systems are in place to mitigate major risks.
What the accounts disclose
Highest-paid employee band: £70,001 - £80,000
“The number of employees whose annual remuneration was £60,000 or more were: £70,001- £80,000 1” — page 20
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Trustee property rent
“During the year one trustee allowed the charity to use a property they own in Greenland for the nominal annual rent of £1.” — page 24
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Employee related to key management
“During the year one trustee allowed the charity to use a property they own in Greenland for the nominal annual rent of £1.” — page 24
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Purchase from trustee director company
“During the year one trustee allowed the charity to use a property they own in Greenland for the nominal annual rent of £1.” — page 24
Per FY2025 accounts as filed with OSCR.