THE BANNER OF TRUTH TRUST
Latest income
£2.4m
Latest spending
£2.5m
Registered
1965
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity realized a loss of £103,759 for the year, resulting in a decrease in total funds. The trustees consider the current level of free reserves to be adequate to meet operational costs in the coming year, supported by a stated policy of maintaining sufficient cash for one year of operating costs.
What the accounts disclose
Highest-paid employee band: £100,001 - £110,000 — in the top quarter for charities its size (median £76k)
“One employee was remunerated between £70,000-£80,000 and one between £100,000-110,000” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 2
“One employee was remunerated between £70,000-£80,000 and one between £100,000-110,000” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: sufficient cash balance to meet the substantial cost of the Trust's publishing programme and operating costs for 1 year (held: £1.9m)
“It is the policy of the Trustees to invest the Trust's surplus funds into stock while maintaining a sufficient cash balance to meet the substantial cost of the Trust's publishing programme and operating costs for 1 year.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Four trustees received royalty payments totalling £4,416. One trustee received £6,048 for editorial services.
“Four trustees (Rev. Mark G Johnston, Rev. Iain Murray, David Campbell and Andrew Young) received royalty payments totalling £4,416 (2024: £5,464) for sales of their books by The Banner of Truth Trust. Rev. Mark G Johnston received £6,048 (2024: £7,200) for editorial services for the magazine.” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Sales to Banner of Truth (USA) during the year totalled £1,535,457
“The Trustees, who are listed on page 1, are directors of Banner of Truth, a non-profit corporation exempt from taxation based in Carlisle, USA. Sales to Banner of Truth (USA) during the year totalled £1,535,457 (2024 : £1,674,086). The sum owed by the Banner of Truth (USA) at 31 March 2025 is £791 (2024: -186)” — page 22
“Certain of the Trustees are also Trustees of The Banner of Truth Building Fund Trust. The Building Fund Trust owns the Grey House and the warehouses used by the Trust. A sum of £49,005 is owed from The Banner of Truth Building Fund Trust at 31 March 2025 (2024 : £26,943).” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Rental/Property costs owed from The Banner of Truth Building Fund Trust
“The Trustees, who are listed on page 1, are directors of Banner of Truth, a non-profit corporation exempt from taxation based in Carlisle, USA. Sales to Banner of Truth (USA) during the year totalled £1,535,457 (2024 : £1,674,086). The sum owed by the Banner of Truth (USA) at 31 March 2025 is £791 (2024: -186)” — page 22
“Certain of the Trustees are also Trustees of The Banner of Truth Building Fund Trust. The Building Fund Trust owns the Grey House and the warehouses used by the Trust. A sum of £49,005 is owed from The Banner of Truth Building Fund Trust at 31 March 2025 (2024 : £26,943).” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees received royalty payments and editorial remuneration
“The Trustees, who are listed on page 1, are directors of Banner of Truth, a non-profit corporation exempt from taxation based in Carlisle, USA. Sales to Banner of Truth (USA) during the year totalled £1,535,457 (2024 : £1,674,086). The sum owed by the Banner of Truth (USA) at 31 March 2025 is £791 (2024: -186)” — page 22
“Certain of the Trustees are also Trustees of The Banner of Truth Building Fund Trust. The Building Fund Trust owns the Grey House and the warehouses used by the Trust. A sum of £49,005 is owed from The Banner of Truth Building Fund Trust at 31 March 2025 (2024 : £26,943).” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£2.4m
Total spending
£2.5m
Reserves (reported)
£1.9m
Employees
17
Register events
- Received assets from another charity (09/01/2023)
Trustees
- Rev JEFFREY KINGSWOODchair
- David Campbell
- Dr David Whitla
- Dr Donald John MacLean
- Dr ROBERT STRIVENS
- REVEREND IAIN HAMISH MURRAY
- Rev Andrew Young
- Rev MARK GARDINER JOHNSTON
- Rev Warren Peel
- THOMAS EARL RICHWINE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.4m | £2.5m |
| 31/03/2024 | £2.4m | £2.5m |
| 31/03/2023 | £2.4m | £2.5m |
| 31/03/2022 | £2.7m | £2.1m |
| 31/03/2021 | £2.2m | £1.9m |
Common questions
Is THE BANNER OF TRUTH TRUST financially healthy?
The accounts state that the charity realized a loss of £103,759 for the year, resulting in a decrease in total funds. The trustees consider the current level of free reserves to be adequate to meet operational costs in the coming year, supported by a stated policy of maintaining sufficient cash for one year of operating costs. Its FY2025 accounts were audited by Whitelaw Wells.
What does the highest-paid employee of THE BANNER OF TRUTH TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band, and 2 employees earned over £60,000.