BENEFACT TRUST LIMITED
Financial health, per its FY2024 accounts
The accounts state that total net income increased to £21.4m, resulting in a surplus compared to the prior year's net expenditure. The charity holds unrestricted reserves of £25.9m, which exceeds its stated policy target of £11.5m (six months of forecast cash outflows). The group reported a recognisable net pension asset of £17.6m, indicating no defined benefit deficit.
What the accounts disclose
“The trustees have determined that the level of reserves that the Trust should hold in its unrestricted funds, in the form of cash and readily realisable assets, should be sufficient to cover six months forecast cash outflows. Target reserves at 31 December 2024 were £11.5m.” — page 27
“The Trust received donations totalling £33.0m from the Benefact Group during the year, of which £8.0m was in respect of 2023 performance.”
“The Trust also received a £2.8m donation from Methodist Insurance PLC which will support the Methodist Grants programme.”
“The Trust received donations totalling £33.0m from the Benefact Group during the year, of which £8.0m was in respect of 2023 performance.”
“The Trust also received a £2.8m donation from Methodist Insurance PLC which will support the Methodist Grants programme.”
“The Trust received donations totalling £33.0m from the Benefact Group during the year, of which £8.0m was in respect of 2023 performance.”
“The Trust also received a £2.8m donation from Methodist Insurance PLC which will support the Methodist Grants programme.”
“The Trust received donations totalling £33.0m from the Benefact Group during the year, of which £8.0m was in respect of 2023 performance.”
“The Trust also received a £2.8m donation from Methodist Insurance PLC which will support the Methodist Grants programme.”
“Benefact Trust is the owner of Benefact Group plc (BG plc) which in turn owns Ecclesiastical Insurance Office public limited company (EIO plc), Benefact Broking & Advisory Holdings Limited and EdenTree Holdings Limited.” — page 4
Funders the charity credits
- Benefact Group
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (22/04/2025)
Trustees
- David Charles Hendersonchair
- Caroline Coombs
- DAVID SCOTT PATERSON
- Denise Cockrem
- Ian Moore
- John Nicholas Sykes
- Patrick Rudden
- Rev Paul Harold DAVIS
- Sarah Romilly Denner-Brown
- Sir Stephen Mark Jeffery Lamport
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £48.9m | £27.5m |
| 31/12/2023 | £21.7m | £25.3m |
| 31/12/2022 | £465.8m | £446.8m |
| 31/12/2021 | £425.7m | £442.2m |
| 31/12/2020 | £6.3m | £24.7m |
Common questions
Is BENEFACT TRUST LIMITED financially healthy?
The accounts state that total net income increased to £21.4m, resulting in a surplus compared to the prior year's net expenditure. The charity holds unrestricted reserves of £25.9m, which exceeds its stated policy target of £11.5m (six months of forecast cash outflows). The group reported a recognisable net pension asset of £17.6m, indicating no defined benefit deficit. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Who funds BENEFACT TRUST LIMITED?
Funders whose own accounts filings name BENEFACT TRUST LIMITED as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST.WILFRID, GRAPPENHALL, THE DERBY DIOCESAN BOARD OF FINANCE LIMITED, QUORN BAPTIST CHURCH, CHICHESTER CATHEDRAL RESTORATION AND DEVELOPMENT TRUST CIO, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARK, KENSAL RISE.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| THE FYRISH FOUNDATION | 1 | £10k |
| THE BRANCH TRUST, CHIPPING NORTON (CIO) | 1 | £5k |