THE BAND TRUST
Financial health, per its FY2023 accounts
The accounts state that the Trust had £Nil unrestricted reserves at the year end, with a total unrestricted fund deficit of £1,538,303. Per the trustees' report, this deficit was eliminated by a transfer from the expendable endowment fund, which holds the majority of the Trust's net assets. The Trustees consider the going concern basis appropriate due to sufficient liquid resources and the power to utilise the expendable endowment.
What the accounts disclose
“Consequently, in the light of this, the Trustees' reserve policy is that it is not necessary to maintain free reserves.” — page 7
“No trustee received any remuneration in respect of their services during the year (2022 - £nil). R J S Mason provides accountancy services and financial advice to the charity during the year. The total fees (including VAT and disbursements) paid to RJS Mason were £30,720 (2022: £30,860). B Peerless is a partner of Charles Russell Speechlys LLP, firms of solicitors. The fees (including VAT and disbursements) paid to the firm during the year were £19,620 (2022: £28,721) to Charles Russell Speechlys LLP.” — page 23
“R J S Mason provides accountancy services and financial advice to the charity during the year. The total fees (including VAT and disbursements) paid to RJS Mason were £30,720 (2022: £30,860). B Peerless is a partner of Charles Russell Speechlys LLP, firms of solicitors. The fees (including VAT and disbursements) paid to the firm during the year were £19,620 (2022: £28,721) to Charles Russell Speechlys LLP.” — page 23
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- THE HON MRS NICHOLAS WALLOP MBEchair
- BARTHOLOMEW GUY PEERLESS
- Henry Robert Newton Wallop
- Joanne Marie Dickinson
- THE HON Nicholas Wallop
- VICTORIA URANIA SOPHIA WALLOP
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £513k | £900k |
| 31/03/2024 | £582k | £833k |
| 31/03/2023 | £626k | £3.5m |
| 31/03/2022 | £706k | £3.9m |
| 31/03/2021 | £719k | £4.6m |
Common questions
Is THE BAND TRUST financially healthy?
The accounts state that the Trust had £Nil unrestricted reserves at the year end, with a total unrestricted fund deficit of £1,538,303. Per the trustees' report, this deficit was eliminated by a transfer from the expendable endowment fund, which holds the majority of the Trust's net assets. The Trustees consider the going concern basis appropriate due to sufficient liquid resources and the power to utilise the expendable endowment. Its FY2023 accounts were audited by Buzzacott LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| King Charles III Charitable Fund | 1 | — |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £1.6m |
| THE MASTER CHARITABLE TRUST | 1 | £1.3m |
| THE NATIONAL GARDEN SCHEME | 1 | £780k |
| REUBEN FOUNDATION | 1 | £546k |
| The Trevor Hemmings Foundation | 1 | £50k |
| THE HEALTH FOUNDATION | 1 | £40k |
| THE O'SULLIVAN FAMILY CHARITABLE TRUST | 1 | £37k |