BANK OF SCOTLAND FOUNDATION
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Cash
£8.4m
+24.4% highest in 3 filed years
Net assets
£2.4m
-11.3% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£307k
-288.4% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £5,440,931 | £7,455,724 | — | — | |
| Operating profit | — | -£27,290 | -£795,531 | -2,815.1% | |
| Profit before tax | £1,031,789 | £162,800 | -£306,757 | -288.4% | |
| Net profit | £1,031,789 | £162,800 | -£306,757 | -288.4% | |
| Cash | £5,459,547 | £6,733,397 | £8,378,288 | +24.4% | |
| Total assets less current liabilities | £3,574,804 | £4,360,707 | £3,999,245 | -8.3% | |
| Net assets | £2,562,407 | £2,725,207 | £2,418,450 | -11.3% | |
| Equity | £2,562,407 | £2,725,207 | £2,418,450 | -11.3% | |
| Average employees | 0 | 0 | — | — | |
| Wages | £257,182 | £273,914 | £343,356 | +25.4% | |
| Directors' remuneration | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | -0.4% | — | |
| Net margin | 19.0% | 2.2% | — | |
| Return on capital employed | — | -0.6% | -19.9% | |
| Gearing (liabilities / total assets) | 53.1% | 59.5% | 71.1% | |
| Current ratio | 2.90x | 2.84x | 1.91x |
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.
Name history
Renamed 1 time since incorporation
- BANK OF SCOTLAND FOUNDATION 2010-08-06 → present
- HBOS FOUNDATION 2002-04-02 → 2010-08-06
Audit & accounting basis
- 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
- “The key financial risk is that the Foundation may not receive the annual donation from the Group. This is mitigated by the terms of the funding covenant which require that the Group provide a three-year notice period before all covenanted donations cease and the inclusion of a floor and ceiling in the covenant for the minimum and maximum amounts that can be donated to the Foundation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LINDSAYS LLP | Corporate Secretary | 2021-04-23 | — | — |
| ALEXANDER, Jon Stuart | Director | 2022-07-15 | Feb 1973 | British |
| ARMSTRONG, Laura Jean | Director | 2022-04-22 | Dec 1980 | British |
| BOOTH, George Macdonald | Director | 2025-04-09 | Jun 1971 | British |
| HOLMES, Sabah | Director | 2026-01-29 | Dec 1981 | British |
| LENNON, Veronica | Director | 2025-04-09 | Nov 1975 | British |
| MACINTOSH, Kenneth Donald, Rt Hon | Director | 2021-11-26 | Jan 1962 | British |
| MACKECHNIE, Donald | Director | 2022-02-02 | Jan 1973 | British |
| MCCAFFREY, James Patrick | Director | 2025-04-09 | Jun 1970 | British |
| REDDIN, Julianne Mary | Director | 2021-11-26 | Jul 1985 | British |
| THOMPSON, Graeme Nial | Director | 2019-10-01 | Aug 1972 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTIE, Ryan | Secretary | 2015-07-27 | 2021-04-23 |
| BLACK, Lysanne Jane Warren | Secretary | 2010-12-13 | 2015-07-27 |
| BLACK, Lysanne Jane Warren | Secretary | 2002-04-02 | 2003-01-14 |
| MAYER, Sally | Secretary | 2006-07-10 | 2010-12-13 |
| MOORHOUSE, Robert Keith | Secretary | 2003-01-14 | 2006-07-10 |
| ABRAHAM, Thomas Alexander | Director | 2002-04-02 | 2005-04-26 |
| ALEXANDER, Jennifer Ann | Director | 2002-04-02 | 2005-04-26 |
| BLAIR, Graham Crawford Scott | Director | 2019-10-01 | 2024-12-10 |
| BULLOCH, Robert James Mackenzie | Director | 2014-12-13 | 2019-07-31 |
| COYLE, James | Director | 2010-06-01 | 2015-07-27 |
| CROWSHAW, Karen Elizabeth | Director | 2008-04-16 | 2009-10-30 |
| CUMMINGS, Peter Joseph | Director | 2005-04-26 | 2009-01-16 |
| DEAS, Sarah Anne Reader | Director | 2011-07-01 | 2020-07-01 |
| DUFFIN, Paul | Director | 2002-04-02 | 2011-03-23 |
| FLEMING, Martin Francis | Director | 2016-03-04 | 2021-05-25 |
| FOLEY, Tara Maria Theresa | Director | 2019-10-01 | 2020-09-28 |
| GARDNER, Alasdair Robert | Director | 2010-12-13 | 2014-12-13 |
| GATELEY, Donald Kenneth | Director | 2016-03-04 | 2019-05-31 |
| GRANT, Philip Robert | Director | 2015-09-05 | 2022-05-04 |
| GRICE, Paul Edward, Sir | Director | 2011-08-08 | 2020-08-08 |
| GUTHRIE, Catherine Anne | Director | 2010-12-13 | 2015-09-05 |
| HODKINSON, Philip Andrew | Director | 2002-04-02 | 2008-04-16 |
| LEIPER, Jacqueline Margaret | Director | 2021-11-26 | 2025-12-31 |
| LOVETT, Ian Nicholas | Director | 2005-07-06 | 2010-06-25 |
| MACDONALD, Alison | Director | 2019-10-01 | 2025-01-31 |
| MOORE, Jackie | Director | 2002-06-26 | 2007-01-22 |
| MORRIS, Dominic | Director | 2010-06-01 | 2010-12-13 |
| NAVIN, Peter Edward | Director | 2010-12-13 | 2014-12-13 |
| SHIELS, Anne | Director | 2007-01-22 | 2010-10-31 |
| SMITH, Edward John Gerard | Director | 2014-12-13 | 2015-12-31 |
| SOLE, David Michael Barclay | Director | 2005-07-06 | 2010-06-13 |
| VAN DER WIELEN, John | Director | 2008-04-16 | 2010-05-31 |
| WATT, Karen | Director | 2019-10-01 | 2025-10-01 |
| WOOLGROVE, Thomas | Director | 2009-03-27 | 2010-04-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 160 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-07 RESOLUTIONS Resolution
- 2025-03-07 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-07 | MA | incorporation | Memorandum articles | |
| 2025-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-01 | AA | accounts | Accounts with accounts type full | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2022-08-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.