ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT
Financial health, per its FY2024 accounts
The accounts state that the charity held total unrestricted reserves of £24,786,946 at the end of the reporting period, a decrease from the previous year's £26,043,632. The trustees report no particular requirement to maintain a certain level of reserves, stating that any reserves held will be spent when appropriate grant-making opportunities arise. The charity generated £613,947 in investment income and awarded grants totaling £1,713,644, resulting in a net movement in funds of -£1,256,686.
What the accounts disclose
“As such the trustees policy is to make grants as appropriate with no particular requirement to maintain a certain level of reserves.”
“During the year the Trust received no donations (2023 - £6,500) from the Idwen Banister Will Trust which was a Trust of a close relative connected to D Banister. At the year end a balance of £nil (2023 - £6,500) was owed to the Trust in relation to this transaction.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ELEANOR MARIANNE BANISTER
- ELIZABETH DAWN BANISTER
- Edmund Frederick Cairns
- LETITIA PAMELA CAMPBELL GLAISTER
- PROFESSOR DAVID JOHN BANISTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £614k | £2.0m |
| 31/12/2023 | £546k | £2.2m |
| 31/12/2022 | £440k | £2.2m |
| 31/12/2021 | £371k | £2.6m |
| 31/12/2020 | £357k | £1.8m |
Common questions
Is ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT financially healthy?
The accounts state that the charity held total unrestricted reserves of £24,786,946 at the end of the reporting period, a decrease from the previous year's £26,043,632. The trustees report no particular requirement to maintain a certain level of reserves, stating that any reserves held will be spent when appropriate grant-making opportunities arise. The charity generated £613,947 in investment income and awarded grants totaling £1,713,644, resulting in a net movement in funds of -£1,256,686. Its FY2024 accounts were audited by Price Bailey LLP.