ALFRED FOSTER SETTLEMENT
Support from the charity will only be given to current or former banking employees and their dependants.
Objects
A) THE RELIEF OF POVERTY AMONG EMPLOYEES (INCLUDING FORMER EMPLOYEES) OF BANKS AND THEIR DEPENDANTS. B) ASSISTANCE IN THE EDUCATION OF CHILDREN OF PERSONS WHO ARE, OR HAVE BEEN, EMPLOYEES OF BANKS.
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £118 and capital assets valued at £946,344 at the year end. The trustees' policy is to distribute all income arising after allowing for operating expenses, resulting in a net decrease in cash funds of £1,741 for the year. The charity is funded by investment income and has no stated reserves policy target beyond retaining capital to generate income.
What the accounts disclose
“It is the trustee’s policy to distribute all income arising in the trust after allowing for any operating expenses. Because of timing differences between receipt of income and the authorisation of grant payments a balance of undistributed income may be held in reserve at the year end and this will be carried forward and distributed in 2025/26.” — page 4
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Zedra Trust Company (UK) Limited
- Zedra Trust Company (UK) Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/01/2025 | £30k | £32k |
| 01/01/2024 | £28k | £26k |
| 01/01/2023 | £27k | £31k |
| 01/01/2022 | £24k | £36k |
| 01/01/2021 | £26k | £46k |
Common questions
Is ALFRED FOSTER SETTLEMENT financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £118 and capital assets valued at £946,344 at the year end. The trustees' policy is to distribute all income arising after allowing for operating expenses, resulting in a net decrease in cash funds of £1,741 for the year. The charity is funded by investment income and has no stated reserves policy target beyond retaining capital to generate income. Its FY2025 accounts were independently examined.