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BRITISH RECORD INDUSTRY TRUST

Registered charity 1000413 · accounts filings on the Charity Commission register · also known as BRIT TRUST · listed website unreachable when last crawled

Latest income
£1.5m
Latest spending
£1.3m
Registered
1990
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total reserves stood at £14,466,480, which is below the Trustees' stated policy target of £20 million. The charity reported a net income of £1,478,815 for the year, driven largely by a significant net gain on investments of £1,253,889.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“As the Funds sit below the £20m target, it remains the Trustees’ long term intention to continue to build reserves until the target is reached.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Dr Jo Twist OBE and YolanDa Brown OBE were directors of BRIT Awards Limited, which donated £1,000,000 to the Trust.
“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24
“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: BPI provides staff to administer the Trust and charges £100 + irrecoverable VAT for these services.
“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24
“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Paul Burger OBE was a director of The BRIT School, which received a grant of £600,000.
“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24
“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: David Munns OBE was a director of Nordoff and Robbins, which received a grant of £450,000.
“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24
“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Caroline Dollimore was a Trustee of Key4Life, which received a grant of £30,000.
“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24
“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.5m
Total spending
£1.3m
Cost of raising funds
£61k
Reserves (reported)
£14.5m
Employees
0

Reported reserves equal ~132.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£1.5m£1.3m
31/12/2023£1.8m£1.0m
31/12/2022£1.1m£1.2m
31/12/2021£414k£1.1m
31/12/2020£1.7m£1.2m

Common questions

Is BRITISH RECORD INDUSTRY TRUST financially healthy?

The accounts state that total reserves stood at £14,466,480, which is below the Trustees' stated policy target of £20 million. The charity reported a net income of £1,478,815 for the year, driven largely by a significant net gain on investments of £1,253,889. Its FY2024 accounts were audited by RSM UK Audit LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
STANDARD CHARTERED FOUNDATION1£60.0m
Z V M RANGOONWALA FOUNDATION1£625k
THE SHANTA FOUNDATION1£500k
THE NISBET TRUST1£325k
CRODA FOUNDATION1£220k
CARETECH CHARITABLE FOUNDATION1£166k
John Lewis Partnership Foundation1£73k
THE BESTWAY FOUNDATION1£70k

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