Charity Accounts Intelreading the accounts so you don’t have to

BENESCO CHARITY LIMITED

Registered charity 269181 · accounts filings on the Charity Commission register · also known as BENESCO LIMITED

Latest income
£7.6m
Latest spending
£4.8m
Registered
1970
Accounts read
FY2023

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

Reserves policy: match expenditure to incoming resources over the medium term (held: £3.9m)
“The directors’ current policy is to match expenditure to incoming resources over the medium term.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: A director received £40,000 remuneration for consultancy services.
“A director was remunerated £40,000 (2022: £40,000) in respect of consultancy services during the year.” — page 24
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: A director was remunerated £40,000 in respect of consultancy services.
“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
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations made to The Charles Wolfson Charitable Trust, the ultimate holding organisation.
“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
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Loans/Investments in Soza Health Limited, where a director is a non-executive director.
“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
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP.

Structured financials (annual return, FY ending 05/04/2025)

Total income
£7.6m
Total spending
£4.8m
Cost of raising funds
£1.7m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST1£17k
UNSEEN (UK)1£15k
G F EYRE CHARITABLE TRUST1£800

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with MW (HO) FOUNDATION.