BANK OF SCOTLAND FOUNDATION

1. BANK OF SCOTLAND FOUNDATION 2010-08-06 → present
2. HBOS FOUNDATION 2002-04-02 → 2010-08-06

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

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the funding covenant in place with the Group and discussions with the Group, who also provide staff services, the Trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future, being at least twelve- months from the date of approval of these financial statements. Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “In 2024, the Scottish charity sector showed incredible resilience and growth. The Office of the Scottish Charity Regulator (OSCR) reported an increase of 743 new registered charities.”
• “2024 also marked the introduction of Bank of Scotland Foundation's five-year strategy, "Building a Brighter Future for Scotland." In the first year of our new strategy, we experienced the most successful year of funding awarded since the Foundation was established supporting 192 charities throughout Scotland with grants totalling over £6.3 million.”
• “In June 2024, we were delighted to host our first ever reception at the historic Bank of Scotland headquarters at The Mound in Edinburgh.”
• “The Foundation launched its new five-year strategy "Building a Brighter Future for Scotland" in January 2024.”
• “Empower Grants – the first programme under the new strategy launched in early February offering a three- year unrestricted grant offering of £150,000 (£50,000 per annum) for charities with an income between £150,000 and £500,000.”
• “Reach Grants Second Year Funding - in 2023 the Trustees agreed that the 119 Reach grant recipients from September 2022 to June 2023 should be offered a repeat second-year continuation grant. This offer was accepted by all grant recipients and as a result over £1.5m was paid in 2024.”
• “In 2024, the Group's Charity of the Year, Crisis was awarded £71,455 from the Foundation as a result of 288 employee applications.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +37%

  £5,440,931 → £7,455,724

• Cash

  -59.1%

  £5,459,547 → £2,233,397

• Net assets

  +6.4%

  £2,562,407 → £2,725,207

• Employees

  —

  Not reported

• Profit before tax

  -84.2%

  £1,031,789 → £162,800

• Wages

  +6.5%

  £257,182 → £273,914

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