THE ROYAL BATH AND WEST OF ENGLAND SOCIETY
Financial health, per its FY2024 accounts
The accounts state that the group reported a small surplus of £38k for the year, driven by improved trading in its subsidiaries, while unrestricted funds increased to £4,913k. The trustees confirmed the entity is a going concern based on cash flow forecasts to March 2026 and banking arrangements, despite consolidated net current liabilities of £162k. The charity maintains adequate liquidity through banking facilities while its liquid reserves remain below the stated policy target.
What the accounts disclose
“1 member of staff had emoluments, excluding pension contributions, in the banding £130,000-£140,000” — page 32
“The level of reserves should be sufficient to cover at least 3 months of overhead costs of the Society and target liquid reserves are £500k.” — page 10
“The financial statements consolidate the results of the charity and its wholly owned subsidiaries, Bath & West Enterprises Limited, Bath and West Shows Limited, Bath and West Estates Management Company Limited, and British Cheese Awards Limited” — page 23
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ann Louise McKaig
- Catherine Rebecca Look
- David Worgan Cotton
- ELLEN CHARLOTTE KINGSTON
- Edward James Allen
- Jennifer Fenton
- Maureen Trott
- Patrick Thomson
- Rupert William Uloth
- Susan Caroline Seager
- Venetia Elizabeth Leng
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.0m | £4.0m |
| 31/12/2023 | £3.1m | £3.4m |
| 31/12/2022 | £3.0m | £3.1m |
| 31/12/2021 | £1.8m | £1.9m |
| 31/12/2020 | £700k | £1.6m |
Common questions
Is THE ROYAL BATH AND WEST OF ENGLAND SOCIETY financially healthy?
The accounts state that the group reported a small surplus of £38k for the year, driven by improved trading in its subsidiaries, while unrestricted funds increased to £4,913k. The trustees confirmed the entity is a going concern based on cash flow forecasts to March 2026 and banking arrangements, despite consolidated net current liabilities of £162k. The charity maintains adequate liquidity through banking facilities while its liquid reserves remain below the stated policy target. Its FY2024 accounts were audited by PKF Francis Clark.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PRUDENCE TRUST | 1 | £40k |
| MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT | 1 | £3k |
| THE EARL FITZWILLIAM CHARITABLE TRUST | 1 | £3k |