THE FLEMING-WYFOLD ART FOUNDATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Hazlewoods LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes the charitable company will continue in operational existence for the foreseeable future. The Trustees have considered the Foundation's financial forecasts and are satisfied of the Foundation's ability to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Foundation therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. THE FLEMING-WYFOLD ART FOUNDATION · parent
   1. Fleming Collection Limited 100% · dormant throughout the financial year ended 31 March 2025

Significant events

• “The Foundation recorded a net operating surplus of £149,435 in the year (2024: £121,306).”
• “The Trustees established an Endowment Fund in 2006, which totalled £7,463,064 as at 31 March 2025 (2024: £7,526,279).”
• “The Art Acquisition Fund (included in the Unrestricted Fund) totalled £78,686 at 31 March 2025 (2024: £128,392) following donations, gifts of art and profit on sales of £116,750 (2024: £101,376).”
• “The Foundation's Museum without Walls strategy continued to develop new themes for touring exhibitions, notably the first large-scale landscape exhibition curated by the Fleming Collection, Romance to Realities, which showed to great success at the Laing Museum and Art Gallery, Newcastle, and will be touring again in 2028 at the Tullie House Museum, Carlisle in 2028.”
• “The acquisition programme continued to fill key gaps in the collection most notably with three rare seventeenth century paintings by Scotland's early pre-eminent portrait painters David Scougall and Adam De Colone, two important 1980s work by New Glasgow Boy Ken Currie were also purchased which was a missing link in that important story of late 20th c. Scottish Art.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -6.9%

  £356,384 → £331,964

• Net assets

  +0.6%

  £13,424,185 → £13,510,405

• Employees

  0%

  2 → 2

• Operating profit

  +23.2%

  £121,306 → £149,435

• Profit before tax

  +23.2%

  £121,306 → £149,435

• Wages

  -5.9%

  £121,500 → £114,392

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers