THE BENIN TRUST
Provision of senior citizen support and volunteering, organizing youth mentoring and health promotion including sports and recreational services, delivering vocational education including entrepreneurship, film-making, arts and mother tongue language training , offering job-search, capacity building workshops, research , promotion of black history and other general charitable activities
Financial health, per its FY2024 accounts
The Benin Trust reported a surplus for the year ended 31 October 2024, with total income of £75,972 and total expenditure of £63,710. The charity holds total reserves of £17,625, comprising £7,525 in unrestricted funds and £10,100 in restricted funds. The trustees confirmed the charity has adequate resources to continue in operational existence for at least twelve months from the approval date.
What the accounts disclose
Trustees
- DAMILOLA ALABI
- JUSTIN OLOYA MA
- Rev HOFFMAN FRIMPONG-MANSO
- STEWART BOWIE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £71k | £71k |
| 31/10/2023 | £76k | £64k |
| 31/10/2022 | £67k | £16k |
| 31/10/2021 | £36k | £35k |
| 31/10/2020 | £23k | £23k |
Common questions
Is THE BENIN TRUST financially healthy?
Per its FY2024 accounts: The Benin Trust reported a surplus for the year ended 31 October 2024, with total income of £75,972 and total expenditure of £63,710. The charity holds total reserves of £17,625, comprising £7,525 in unrestricted funds and £10,100 in restricted funds. The trustees confirmed the charity has adequate resources to continue in operational existence for at least twelve months from the approval date. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 08/07/2022 | £10k | Afrofest: A Platinum Jubilee Celebration |
| The National Lottery Heritage Fund | 08/06/2022 | £84k | "EBIRA TRADITIONAL WEAVING RESEARCH PROJECT" |