BENESCO CHARITY LIMITED
Generating income from property and other investments in order to make grants to various registered charities including but not exclusively in the fields of medicine, education and welfare.
Objects
TO FURTHER ANY PURPOSE OR PURPOSES RECOGNISED BY THE LAW OF ENGLAND AS CHARITABLE. (FOR FURTHER DETAILS SEE CLAUSE 3 OF MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 18TH FEBRUARY 1970).
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £34,054,654 for the year, resulting in a decrease in total net assets from £187.7 million to £153.6 million. Unrestricted reserves fell to £3,878,530, while the majority of assets (£149.75 million) are held in designated investment properties. The trustees confirm sufficient resources exist to continue operations for at least twelve months.
What the accounts disclose
“The directors’ current policy is to match expenditure to incoming resources over the medium term.” — page 5
“A director was remunerated £40,000 (2022: £40,000) in respect of consultancy services during the year.” — page 24
“A director was remunerated £40,000 (2022: £40,000) in respect of consultancy services during the year.” — page 24
“During the year, £15,200,000 (2022: £23,400,000) was donated to the charitable company’s ultimate holding organisation, The Charles Wolfson Charitable Trust.” — page 24
“A director was remunerated £40,000 (2022: £40,000) in respect of consultancy services during the year.” — page 24
“During the year, £15,200,000 (2022: £23,400,000) was donated to the charitable company’s ultimate holding organisation, The Charles Wolfson Charitable Trust.” — page 24
“A director was remunerated £40,000 (2022: £40,000) in respect of consultancy services during the year.” — page 24
“During the year, £15,200,000 (2022: £23,400,000) was donated to the charitable company’s ultimate holding organisation, The Charles Wolfson Charitable Trust.” — page 24
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 05/04/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 05/04/2024
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 05/04/2023
- Grant-making is its main activity
Corporate structure
- Registered company of the charity Companies House 00972762
Company officers (Companies House)
- BREUER-WEIL, Mikael on trustee list
- KC, Wolfson Of Tredegar, Lord on trustee list
- WOLFSON, Andrew Daniel on trustee list
- RAGOL-LEVY, Jonathan on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- HONOURABLE ANDREW DANIEL WOLFSONchair
- JONATHAN RAGOL-LEVY
- Lord David Wolfson KC
- Mikael Breuer-Weil
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £7.6m | £4.8m |
| 05/04/2024 | £7.1m | £7.9m |
| 05/04/2023 | £7.4m | £17.5m |
| 05/04/2022 | £8.1m | £27.3m |
| 05/04/2021 | £9.8m | £7.5m |
Common questions
Is BENESCO CHARITY LIMITED financially healthy?
Per its FY2023 accounts: The accounts state that the charity reported a net deficit of £34,054,654 for the year, resulting in a decrease in total net assets from £187.7 million to £153.6 million. Unrestricted reserves fell to £3,878,530, while the majority of assets (£149.75 million) are held in designated investment properties. The trustees confirm sufficient resources exist to continue operations for at least twelve months. Its FY2023 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST | 1 | £33k |
| UNSEEN (UK) | 1 | £15k |
| COMMUNITY OF THE HOLY CROSS | 1 | £2k |
| G F EYRE CHARITABLE TRUST | 1 | £800 |
Charities like this
- BENYIMO LIMITED
- THE NATIONAL BENEVOLENT CHARITY
- BNJC
- EBENEZER GOSPEL CENTRE
- NES FOUNDATION LTD
- THE CHARITY SERVICE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BENESCO CHARITY LIMITED | £7.6m | — | 0 | unclear | — | no doubt |
| BENYIMO LIMITED | £167k | — | 0 | unclear | — | no doubt |
| THE NATIONAL BENEVOLENT CHARITY | £430k | — | — | unclear | — | no doubt |
| BNJC | £4.1m | £100,000-£140,000 | 1 | unclear | — | no doubt |
| EBENEZER GOSPEL CENTRE | £119k | — | 0 | unclear | — | no doubt |
| NES FOUNDATION LTD | £684k | — | 0 | unclear | — | no doubt |