BELVEDERE TRUST
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased significantly from £25,517,639 to £18,443,063, driven by investment losses and grant expenditures. The trustees maintain a reserves policy targeting three to six months of expenditure, and the current unrestricted balance of £18,443,063 is well above this threshold. The charity remains in a strong financial position with total net assets of £31,268,378 and adequate resources to continue as a going concern.
What the accounts disclose
“It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should normally be maintained at a level equivalent to between three and six month's expenditure.” — page 5
“During the year the charity received a cash donation of £5,000,000 (2024: £5,000,000) from the spouse of a trustee of the charity.” — page 37
“During the year the subsidiary, The Box Office New Inn Broadway Limited, incurred net recharged expenses and management fees amounting to £Nil (2024: £12,627) from a company of which there are common directors.” — page 37
“During the year the charity received a cash donation of £5,000,000 (2024: £5,000,000) from the spouse of a trustee of the charity.” — page 37
“During the year the subsidiary, The Box Office New Inn Broadway Limited, incurred net recharged expenses and management fees amounting to £Nil (2024: £12,627) from a company of which there are common directors.” — page 37
“During the year the charity received a cash donation of £5,000,000 (2024: £5,000,000) from the spouse of a trustee of the charity.” — page 37
“During the year the subsidiary, The Box Office New Inn Broadway Limited, incurred net recharged expenses and management fees amounting to £Nil (2024: £12,627) from a company of which there are common directors.” — page 37
“The charity had one wholly owned subsidiary in the year, The Box Office New Inn Broadway Limited, a Company registered in England and Wales.” — page 5
Corporate structure
- Registered company of the charity Companies House 03868725
- Trading subsidiary: THE BOX OFFICE NEW INN BROADWAY LIMITED Companies House 11001779
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Viscount John Clive Mackintosh of Halifaxchair
- Alexander Gabriele
- James Roditi
- John David Cracknell
- Lawrence Hene
- Pamela Klaber
- Sara Victoria Rose Langridge
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £773k | £985k |
| 31/03/2024 | £242k | £781k |
| 31/03/2023 | £785k | £295k |
| 31/03/2022 | £185k | £676k |
| 31/03/2021 | £443k | £544k |
Common questions
Is BELVEDERE TRUST financially healthy?
The accounts state that unrestricted funds decreased significantly from £25,517,639 to £18,443,063, driven by investment losses and grant expenditures. The trustees maintain a reserves policy targeting three to six months of expenditure, and the current unrestricted balance of £18,443,063 is well above this threshold. The charity remains in a strong financial position with total net assets of £31,268,378 and adequate resources to continue as a going concern. Its FY2025 accounts were audited by Sayers Butterworth LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LPW LIMITED | 1 | £133k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| THE RABBI MOSHE & LEAH DERMER FOUNDATION | 1 | £76k |
| JEG TRUST LIMITED | 1 | £40k |
| SF FOUNDATION | 1 | £33k |
| THE KNIGHTLAND FOUNDATION | 1 | £30k |
| UOHC FOUNDATION LTD | 1 | £25k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |