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Charity Details

 

Charity Details:

The IFoA Foundation

SC049518Registered charity from 05 August 2019
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Documents overdue: 1 month, 20 days

This charity failed to provide all of the information on its finances by its annual submission deadline.

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This charity failed to provide all of the information on its finances by its annual submission deadline.

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Address c/o Brodies LLP
Capital Square
58 Morrison Street
Edinburgh
Postcode EH3 8BP
Regulatory Type Standard
Object:
7 Purposes 7.1 The SCIO will promote, advance and further its Charitable purposes by operating as a “grant giving” charity which will: 7.1.1 support financially and otherwise the encouragement, advancement and support of education, research and study in actuarial science and related subjects, including but not limited to the following:- 7.1.1.1 the provision of awards and prizes for research, education or other work undertaken in furtherance and development of actuarial science and related subjects either within the United Kingdom or elsewhere including, but not restricted to, any such work at any university, college or place of higher learning or any school; 7.1.1.2 the provision of financial support for publications, courses, conferences and lectures on actuarial science and related subjects including, but not restricted to, any such work carried out at any university, college or place of higher learning or any school; 7.1.1.3 the provision of financial support in the development of mathematical studies and the facilitation of initiatives to encourage mathematical learning and development at any university, college or place of higher learning or any school; 7.1.1.4 the establishment of educational scholarships of any kind in the field of actuarial science and related subjects at any university, college or place of higher learning or any school; and 7.1.1.5 the provision of financial and other support to charities and similar bodies in order to further activities set out in clauses 7.1.1.1– 7.1.1.4; and 7.1.2 support financially and otherwise the actuarial profession and community.
Details of the charity's operations
Charity Status: Active
Last Updated: 15 May 2025
Constitutional Form: SCIO (Scottish Charitable Incorporated Organisation)
Constitutional Form Date: 05 Aug 2019
Geographical Spread: Scotland and other parts of the UK
Main Operating Location: City of Edinburgh
Purposes: "the advancement of education","the advancement of the arts, heritage, culture or science"
Beneficiaries: "Children or young people","Other charities or voluntary bodies"
Types of activity undertaken: "It makes grants, donations, loans, gifts or pensions to individuals","It makes grants, donations or gifts to organisations"
Notes: This charity was established to replace The Faculty of Actuaries in Scotland Charitable Trust SC040225. The Faculty of Actuaries in Scotland Charitable Trust SC040225 has now wound up and passed its assets and liabilities to The IFoA Foundation SC049518 which is a SCIO.
Annual Information Submission History
Year End Income Expenditure Annual Return Received Accounts Received Latest Accounts
30 Jun 2020 £286,195 £2,518 01 Mar 2021 Yes
30 Jun 2021 £249,413 £186,945 22 Dec 2021 Yes
30 Jun 2022 £470,060 £148,309 06 Jan 2023 Yes
30 Jun 2023 £158,184 £167,455 28 Mar 2024 Yes 0327_IFA005_IFoA Foundation June 2023 final -signed_Redacted
30 Jun 2024 No Annual Information due by 31 Mar 2025
*Due to the COVID-19 pandemic, OSCR allowed an additional 9 months grace period for charities that were overdue/late when their annual information due by date fell between 01 March 2020 and 31 March 2021.

If an annual return has been received on time (within nine months of the Year End Date), the 'Annual Return Received' box is green   . If an annual return is late, the box is red   .
Information on details of charity trustees

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When you use this information under the OGL, you should include the following attribution: © Crown Copyright and database right 2020. Contains information from the Scottish Charity Register supplied by the Office of the Scottish Charity Regulator and licensed under the Open Government Licence v.3.0.

Charity accounts and constitution – what information do we publish?

From April 2016 we began to publish charities’ accounts, initially for those charities with an annual income of £25,000 or more, and for all SCIOs.

When a charity publishes its accounts on its website and has supplied us with a link, we have made this available. From late 2017, where the charity is a company, a registered social landlord or is also registered with the Charity Commission for England and Wales, a link is provided to the relevant regulator’s website where the accounts are made available. We accept no responsibility for the functionality, accuracy, or content of external websites – if you experience a technical issue with an external link, you should contact the charity directly.

You have the right to the following information under section 23 (1)(a) and (b) of the Charities and Trustee Investment (Scotland) Act 2005, from the charity direct:

  • a copy of the charity’s latest statement of accounts
  • a copy of the charity’s constitution.

In addition to the above, a charity may also be able to provide you with previous years’ accounts and constitutions, although it is not obliged to do so. You can contact the charity to request this information using the contact details on the charity’s Register entry.

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