THE BEIT TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust holds unrestricted reserves of £133.6m against a pension liability of £2.8m, resulting in net assets of £130.7m. The Trustees report that the investment portfolio increased by 11% to £134.4m, providing a substantial endowment to support charitable activities. The Trustees consider there to be no material uncertainties about the Trust’s ability to continue as a going concern.
What the accounts disclose
“There was 1 employee who earned between £100k - £110k and 1 employee who earned between £60k £70k” — page 20
“There was 1 employee who earned between £100k - £110k and 1 employee who earned between £60k £70k” — page 20
“The unfunded pension liability was calculated by actuaries, The Cartwright Group, as £2,835,652 at 31 December 2024.” — page 9
Year-over-year changes
- Top pay band moved from £60,001 - £70,000 (FY2023) to £100,001 - £110,000 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ALEX DUNCANchair
- Alison Tweed
- Andrew Richard Whittall
- James Munro
- Ms Liseli Bull
- PROFESSOR CHRIS LAVY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.8m | £3.7m |
| 31/12/2023 | £3.0m | £3.9m |
| 31/12/2022 | £2.6m | £3.0m |
| 31/12/2021 | £2.4m | £3.1m |
| 31/12/2020 | £2.3m | £2.9m |
Common questions
Is THE BEIT TRUST financially healthy?
The accounts state that the Trust holds unrestricted reserves of £133.6m against a pension liability of £2.8m, resulting in net assets of £130.7m. The Trustees report that the investment portfolio increased by 11% to £134.4m, providing a substantial endowment to support charitable activities. The Trustees consider there to be no material uncertainties about the Trust’s ability to continue as a going concern. Its FY2024 accounts were audited by Azets Audit Services Limited.
What does the highest-paid employee of THE BEIT TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £100,001 - £110,000 band, and 2 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TRUEDENE CO LIMITED | 1 | £91k |
| THE KUPAH CHARITABLE TRUST | 1 | £25k |
| GERSON BERGER ASSOCIATION LIMITED | 1 | £3k |