THE OLD BROAD STREET CHARITY TRUST
The trustees have resolved to concentrate their objects on awarding scholarships to individuals who successfully apply to study at INSEAD Business School. Scholarships will be awarded principally to British citizens who on application are working in a UK bank or financial institution, and who, in the view of the Scholarship Committee will strive to attain the highest level of executive management.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,661,124, which is above the Trustees' policy target of depleting the fund to around £1m. The Trustees confirm that forecast income and reserves are sufficient to cover budgeted expenditure, indicating no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Investment income for the year of £47,379 (2024 - £48,642) is broadly in line with the previous year.” — page 10
“The Trustees have adopted a policy of gradually depleting the value of the trust fund to around the £1m level” — page 11
Trustees
- CHRISTOPHER JULIAN SHERIDANchair
- Clare Gough
- SIMON JENNINGS MA FCA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £47k | £127k |
| 31/03/2024 | £49k | £119k |
| 31/03/2023 | £49k | £106k |
| 31/03/2022 | £50k | £78k |
| 31/03/2021 | £54k | £65k |
Common questions
Is THE OLD BROAD STREET CHARITY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,661,124, which is above the Trustees' policy target of depleting the fund to around £1m. The Trustees confirm that forecast income and reserves are sufficient to cover budgeted expenditure, indicating no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.