THE BANISTER CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity is in the process of winding up its activities, with no fixed date set for final closure. Per the trustees' report, the charity reported a deficit of £628,646 for the year, resulting in total funds of £45,790 and unrestricted reserves in a deficit of £324,208. The trustees do not consider it necessary to maintain significant free reserves given the availability of the expendable endowment fund.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time.”
“We draw attention to note 12 to the financial statements, which explains that the trustees have taken the decision to wind-up the charity’s activities. As the winding-up process is ongoing, the trustees consider it appropriate to prepare the financial statements on a basis other than going concern.” — page 6
“During the year under review, Ludlow Trust Company Limited, a trustee, charged the charity £11,610 (2023: £27,544) for admirative services with £1,700 (2023: £5,988) accrued at the balance sheet date. These fees are authorised under section 6 of the trust deed. The charity has no employees, with all administration being carried out by the trustees. Other than the fees noted above, no remuneration nor expenses were paid to or behalf of any trustee during the year under review or the comparative year.” — page 16
“During the year under review, Ludlow Trust Company Limited, a trustee, charged the charity £11,610 (2023: £27,544) for admirative services with £1,700 (2023: £5,988) accrued at the balance sheet date. These fees are authorised under section 6 of the trust deed. The charity has no employees, with all administration being carried out by the trustees. Other than the fees noted above, no remuneration nor expenses were paid to or behalf of any trustee during the year under review or the comparative year.” — page 16
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CHRISTOPHER E BANISTER
- HUW BANISTER
- LUDLOW TRUST COMPANY LTD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £214k | £63k |
| 31/12/2024 | £1.6m | £715k |
| 31/12/2023 | £4.5m | £3.5m |
| 31/12/2022 | £159k | £6.2m |
| 31/12/2021 | £493k | £715k |
Common questions
Is THE BANISTER CHARITABLE TRUST financially healthy?
The accounts state that the charity is in the process of winding up its activities, with no fixed date set for final closure. Per the trustees' report, the charity reported a deficit of £628,646 for the year, resulting in total funds of £45,790 and unrestricted reserves in a deficit of £324,208. The trustees do not consider it necessary to maintain significant free reserves given the availability of the expendable endowment fund. Its FY2024 accounts were audited by Blue Spire Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AKO FOUNDATION | 1 | £1.1m |
| THE MASTER CHARITABLE TRUST | 1 | £1.0m |
| CLEAN AIR FUND | 1 | £929k |
| Z V M RANGOONWALA FOUNDATION | 1 | £626k |
| ECOLOGICAL RESTORATION FUND | 1 | £500k |
| The Brindle Foundation | 1 | £275k |
| CONSERVATION COLLECTIVE | 1 | £162k |
| THE CONSTANCE TRAVIS CHARITABLE TRUST | 1 | £130k |