THE BELLING CHARITABLE SETTLEMENT
Distribution of capital and income for education, including scholarships and the relief of poverty to persons involved in the electrical appliance industry and their dependents.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £583,836, which is below the trustees' stated policy target of maintaining net reserves between £1.5M and £2.5M. The trustees consider the settlement to have sufficient resources to continue in operational existence for at least twelve months, with no material uncertainties identified regarding going concern.
What the accounts disclose
“To that end, it is the Trust’s policy to maintain net reserves between £1.5M and £2.5M.” — page 5
“D P Chinn-Shaw charged fees and meeting expenses of £22,072 (2023 - £18,451) in respect of professional and trustee duties performed for the settlement. As at 31st December 2024 £5,844 (2023 - £6,277) was owed to D P Chinn-Shaw in respect of fees. In 2024, a grant for £90,166 was made to The Bishop’s Stortford High School, which D Chinn-Shaw’s son had previously attended. During the year, the settlement incurred costs of £16,994 (2023 - £16,346) for administration services from Roundhouse Associates Limited, a company whose director is the sister of Mrs D P Chinn-Shaw. As at 31st December 2024, the settlement owed Roundhouse Associates Ltd £8,768 (2023 - £8,850). R E Belling charged no fees but received expenses of £919 – accommodation for meetings (2023 – travel expenses of £1,237) in respect of trustee duties performed for the settlement. K Wright charged no fees (2023 - £Nil) and received no expenses (2023 - £Nil) in respect of professional and trustee duties performed for the settlement. In addition, a scholarship in the sum of £3,000 (2023 - £3,000) was made during the year for the benefit of the son of trustee, Mr K Wright. Mrs A Horlock charged no fees (2023 - £Nil) and charged travel expenses of £344 (2023 – £Nil) in respect of trustee duties performed for the settlement. As at 31st December 2024 £344 (2023 - £Nil) was owed to Mrs A Horlock in respect of expenses.” — page 19
Trustees
- RICHARD ERIC BELLINGchair
- ALEXANDRA HORLOCK
- DEBORAH CHINN-SHAW ACA
- KEITH WRIGHT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £34k | £427k |
| 31/12/2023 | £32k | £399k |
| 31/12/2022 | £36k | £372k |
| 31/12/2021 | £37k | £487k |
| 31/12/2020 | £87k | £436k |
Common questions
Is THE BELLING CHARITABLE SETTLEMENT financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £583,836, which is below the trustees' stated policy target of maintaining net reserves between £1.5M and £2.5M. The trustees consider the settlement to have sufficient resources to continue in operational existence for at least twelve months, with no material uncertainties identified regarding going concern. Its FY2024 accounts were audited by Pitts & SeeUs.