The Hugo Burge Foundation
Latest income
£1.5m
Latest spending
£1.5m
Accounts read
FY2024
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2024 accounts
The accounts state that the charity received over £32 million in legacy receipts, resulting in a surplus of £31,911,299 and total unrestricted reserves of £32,391,858. The trustees confirm that assets are available and adequate to fulfill current obligations, with free reserves significantly exceeding the stated minimum policy target of £1,500,000.
What the accounts disclose
Highest-paid employee band: £70,000 - £80,000
“One employee received remuneration in the band £70,000 - £80,000 (2023: one employee £70,000 - £80,000).” — page 18
Per FY2024 accounts as filed with OSCR.
Payments to trustees: Two Trustees received remuneration totaling £48,333 for work performed in connection with the affairs of the Organisation.
“Two Trustees (2023: one) received remuneration totaling £48,333 (2023: £78,467) for work performed in connection with the affairs of the Organisation.” — page 18
Per FY2024 accounts as filed with OSCR.
Employees paid over £60,000: 1
“There was one (2023: one) employee in the current year receiving emoluments in excess of £60,000. One employee received remuneration in the band £70,000 - £80,000” — page 18
Per FY2024 accounts as filed with OSCR.
Reserves policy: minimum of £1,500,000 held in liquid investments (held: £32.4m)
“The Trustees have established a policy whereby the unrestricted reserves not committed to or invested in tangible assets (“the free reserves”) held by the charity covering committed recurrent expenditure, ongoing capital expenditure and known and unknown risks should be a minimum of £1,500,000 held in liquid investments.” — page 6
Per FY2024 accounts as filed with OSCR.
Independent examiner: Henderson Loggie LLP
Per FY2024 accounts as filed with OSCR.