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HARRIS (BELMONT) CHARITY

Registered charity 1149240 · accounts filings on the Charity Commission register

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Latest income
£1.6m
Latest spending
£1.7m
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit before investment gains of £157,326, contrasting with a surplus in the prior year, though overall net assets increased by £679,624 due to investment gains. The trustees consider the charity to be in a strong financial position, with free reserves of £1,116,496 significantly exceeding their stated minimum policy target of £500,000. The charity relies on its own resources, including property rents, farming profits, and investment income, rather than active fundraising from the public.

What the accounts disclose

Reserves policy: 6 months' worth of operating costs, currently around £500,000 (held: £1.1m)
“The Trustees consider a balance equivalent to 6 months’ worth of operating costs for the Charity is the minimum balance to hold in reserves, this figure is currently around £500,000.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Charity rents farmland to its subsidiary, Belnor Farms Limited, and receives a deed of covenant from the company at the year end. The rental charge in the year totalled £114,497 (2023 -£113,472). The deed of covenant in the year amounted to £nil (2023 - £269,466). As at 31 March 2024 £746,718 (2023 - £657,185) was outstanding. This includes a loan advanced to the subsidiary of £400,000 (2023 - £250,000). This loan bears interest at 5% per annum, over the Bank of England base rate and has a fixed repayment date.
“The Charity rents farmland to its subsidiary, Belnor Farms Limited, and receives a deed of covenant from the company at the year end. The rental charge in the year totalled £114,497 (2023 -£113,472). The deed of covenant in the year amounted to £nil (2023 - £269,466). As at 31 March 2024 £746,718 (2023 - £657,185) was outstanding. This includes a loan advanced to the subsidiary of £400,000 (2023 - £250,000). This loan bears interest at 5% per annum, over the Bank of England base rate and has a fixed repayment date.” — page 38
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Chavereys Audit Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.6m
Total spending
£1.7m
Cost of raising funds
£716k
Reserves (reported)
£1.2m
Employees
15

Reported reserves equal ~8.9 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: Kent

Income and spending

Financial year endIncomeSpending
31/03/2025£1.6m£1.7m
31/03/2024£1.8m£1.9m
31/03/2023£2.0m£1.8m
31/03/2022£1.6m£1.6m
31/03/2021£1.2m£1.4m

Common questions

Is HARRIS (BELMONT) CHARITY financially healthy?

The accounts state that the charity reported a net deficit before investment gains of £157,326, contrasting with a surplus in the prior year, though overall net assets increased by £679,624 due to investment gains. The trustees consider the charity to be in a strong financial position, with free reserves of £1,116,496 significantly exceeding their stated minimum policy target of £500,000. The charity relies on its own resources, including property rents, farming profits, and investment income, rather than active fundraising from the public. Its FY2024 accounts were audited by Chavereys Audit Limited.