Becht Foundation
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at $461,833,635, which the Trustees regard as free reserves adequate to meet future grant-making commitments. The charity reported a net surplus of $22,058,813 driven by investment gains, despite a decrease in investment income. The Trustees confirmed that forecast income and reserves are sufficient to cover budgeted expenditure, with no material uncertainties affecting the going concern basis.
What the accounts disclose
“One employee earned between $210,000 and $220,000 during the year” — page 21
“One employee earned between $210,000 and $220,000 during the year (2022: one earning between $160,000 and $170,000) and the average number of employees during the year was two” — page 21
“Rawlinson & Hunter received $42,511 during the year (year to 31 December 2022: $39,484) for the provision of secretarial and accountancy services for the year. Certain partners of Rawlinson & Hunter are also directors of the R&H Trust Co (UK) Ltd.” — page 25
“On 1 November 2021 the Trustees entered into an agreement with Bansk Group LLP to review and analyse Environmental, Social and Governance matters as required. Certain Trustees of the Foundation are also members of Bansk Group LLP. As at year end, Bansk Group LLP had incurred costs of $80,959 exclusive of VAT, all of which was paid to the Foundation” — page 19
“Rawlinson & Hunter received $42,511 during the year (year to 31 December 2022: $39,484) for the provision of secretarial and accountancy services for the year. Certain partners of Rawlinson & Hunter are also directors of the R&H Trust Co (UK) Ltd.” — page 25
“On 1 November 2021 the Trustees entered into an agreement with Bansk Group LLP to review and analyse Environmental, Social and Governance matters as required. Certain Trustees of the Foundation are also members of Bansk Group LLP. As at year end, Bansk Group LLP had incurred costs of $80,959 exclusive of VAT, all of which was paid to the Foundation” — page 19
Year-over-year changes
- Top pay band moved from $160,001 - $170,000 (FY2022) to $210,001 - $220,000 (FY2023).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ANN MARIE BECHT
- David Poulter
- Kevin Becht
- LAMBERTUS JONANNES HERMANUS BECHT
- Natalie Becht
- R&H Trust Co (UK) Limited
- Sebastian Becht
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £8.5m | £11.2m |
| 31/12/2023 | £2.5m | £9.3m |
| 31/12/2022 | £5.8m | £9.4m |
| 31/12/2021 | £2.9m | £7.9m |
| 31/12/2020 | £4.4m | £6.1m |
Common questions
Is Becht Foundation financially healthy?
The accounts state that unrestricted reserves stood at $461,833,635, which the Trustees regard as free reserves adequate to meet future grant-making commitments. The charity reported a net surplus of $22,058,813 driven by investment gains, despite a decrease in investment income. The Trustees confirmed that forecast income and reserves are sufficient to cover budgeted expenditure, with no material uncertainties affecting the going concern basis. Its FY2023 accounts were audited by KPH Audit & Assurance Services Ltd.
What does the highest-paid employee of Becht Foundation earn?
Per its FY2023 accounts, the highest-paid employee was in the $210,001 - $220,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |