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THE DRINKAWARE TRUST

Registered charity 1094586 · accounts filings on the Charity Commission register · also known as THE PORTMAN GROUP TRUST · also registered in Scotland as SC043163 (OSCR)

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Latest income
£6.3m
Latest spending
£7.1m
Registered
2002
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the group reported a net deficit of £781,750 for the year ended 31 December 2024, compared to a surplus in the prior year. Per the trustees' report, free reserves stood at £3,206,270, which is above the stated policy minimum of six months' operating expenditure (£2.9m). The trustees confirmed that the charity is well-placed to manage operational and financial risks and has adequate resources to continue in existence for the foreseeable future.

What the accounts disclose

Related-party transaction: Management fee charged to subsidiary
“During the year Drinkaware Trust charged a management fee of £72,000 (2023: £156,000) to Drinkaware Trading Limited, its fully owned subsidiary, for administration and support costs.” — page 72
“This amount included a loan of £nil (2023: £50,000) from Drinkaware Trust to Drinkaware Trading, which had an interest rate of 3% above the Bank of England Base Rate, accruing daily. The loan was fully paid off during the year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan from Trust to subsidiary
“During the year Drinkaware Trust charged a management fee of £72,000 (2023: £156,000) to Drinkaware Trading Limited, its fully owned subsidiary, for administration and support costs.” — page 72
“This amount included a loan of £nil (2023: £50,000) from Drinkaware Trust to Drinkaware Trading, which had an interest rate of 3% above the Bank of England Base Rate, accruing daily. The loan was fully paid off during the year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Transactions with Wells & Co Limited
“During the year Drinkaware Trust charged a management fee of £72,000 (2023: £156,000) to Drinkaware Trading Limited, its fully owned subsidiary, for administration and support costs.” — page 72
“This amount included a loan of £nil (2023: £50,000) from Drinkaware Trust to Drinkaware Trading, which had an interest rate of 3% above the Bank of England Base Rate, accruing daily. The loan was fully paid off during the year.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 3 of 6 completeness components.

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

Total income
£6.3m
Total spending
£7.1m
Cost of raising funds
£465k
Reserves (reported)
£3.2m
Employees
37

Reported reserves equal ~5.4 months of spending — above the median 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

Income and spending

Financial year endIncomeSpending
31/12/2024£6.3m£7.1m
31/12/2023£6.4m£5.7m
31/12/2022£6.3m£5.8m
31/12/2021£5.6m£5.0m
31/12/2020£6.0m£4.7m

Common questions

Is THE DRINKAWARE TRUST financially healthy?

The accounts state that the group reported a net deficit of £781,750 for the year ended 31 December 2024, compared to a surplus in the prior year. Per the trustees' report, free reserves stood at £3,206,270, which is above the stated policy minimum of six months' operating expenditure (£2.9m). The trustees confirmed that the charity is well-placed to manage operational and financial risks and has adequate resources to continue in existence for the foreseeable future. Its FY2024 accounts were audited by Moore Kingston Smith LLP.