THE BELFORTE TRUST
THE OBJECTS OF THE CHARITY ARE AS FOLLOWS:- (1) FOR THE BENEFIT OF THE PUBLIC TO RELIEVE THE SUFFERING OF ANIMALS IN NEED OF CARE AND ATTENTION BY:- A) CARING FOR AND RE-HOMING ANIMALS THAT ARE ABANDONED, MISTREATED OR LOST B) PROVIDING VETERINARY CARE AND TREATMENT FOR ANIMALS C) PROMOTING KINDNESS TO ANIMALS D) PREVENTING OR SUPPRESSING CRUELTY TO ANIMALS E) RELIEVING THE SUFFERING OF A
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £511,351 for the year ended 31 December 2024, primarily driven by an unrealised loss on investments of £545,895. Total unrestricted funds decreased from £8,099,698 to £7,588,347, while the charity held £242,670 in cash at year-end. The trustees maintain that the going concern basis of accounting is appropriate and have identified no material uncertainties regarding the charity's ability to continue operations.
What the accounts disclose
“Income included £316,510 (2023 - £307,079) from investments, £12,600 (2023 - £nil) from rental income and Enil (2023 - £nil) from legacies and donations.” — page 5
“There is an eventual aim of holding approximately one year’s operating costs in free reserves, with the target range being 9-15 months’ costs.” — page 5
“Trustee U Tanda is a partner in TMA Legal who provide certain legal and administrative services at arm’s length. The fees paid to TMA Legal in 2024 were £136,660 including VAT (2023: £66,000 in relation to 2022). Fees paid in 2024 related to work performed in 2023 and 2024. There was no significant variation in the value of the work performed within those two years. There were no other related party transactions to disclose.” — page 20
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Emanuela Vartolomei
- Francesca Rossi
- UGO TANDA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £329k | £295k |
| 31/12/2023 | £307k | £206k |
| 31/12/2022 | £8.1m | £37k |
| 31/12/2021 | £6k | £6k |
| 31/12/2020 | £8k | £7k |
Common questions
Is THE BELFORTE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £511,351 for the year ended 31 December 2024, primarily driven by an unrealised loss on investments of £545,895. Total unrestricted funds decreased from £8,099,698 to £7,588,347, while the charity held £242,670 in cash at year-end. The trustees maintain that the going concern basis of accounting is appropriate and have identified no material uncertainties regarding the charity's ability to continue operations. Its FY2024 accounts were audited by Cocke, Vellacott & Hill.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REED FOUNDATION | 1 | £5k |
Charities like this
- THE BERYL EVETTS AND ROBERT LUFF ANIMAL WELFARE TRUST LIMITED
- MARGARET GREEN ANIMAL RESCUE
- NEWCASTLE DOG AND CAT SHELTER
- Royal Society for the Prevention of Cruelty to Animals North Wiltshire and Newbury District Branch
- THE OSTACCHINI FAMILY CHARITABLE TRUST
- WHITLEY ANIMAL PROTECTION TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE BELFORTE TRUST | £329k | — | 0 | below | — | no doubt |
| THE BERYL EVETTS AND ROBERT LUFF ANIMAL WELFARE TRUST LIMITED | £160k | — | 0 | unclear | — | no doubt |
| MARGARET GREEN ANIMAL RESCUE | £3.3m | — | — | unclear | — | no doubt |
| NEWCASTLE DOG AND CAT SHELTER | £2.4m | — | — | unclear | — | no doubt |
| Royal Society for the Prevention of Cruelty to Animals North Wiltshire and Newbury District Branch | £0 | — | — | unclear | — | no doubt |
| THE OSTACCHINI FAMILY CHARITABLE TRUST | £168k | £59,733 | 1 | unclear | — | no doubt |