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

BRIGHAM YOUNG UNIVERSITY LIMITED

Registered charity 280605 · accounts filings on the Charity Commission register · also known as BRIGHAM YOUNG UNIVERSITY TRUST, BRIGHAM YOUNG UNIVERSITY TRUST LIMITED

Get email alerts for this charity

Latest income
£1.3m
Latest spending
£1.3m
Registered
1980
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity holds total reserves of £11,955,774, significantly exceeding its stated policy target of £100,000. However, the unrestricted general funds are reported as a deficit of £23,827, which the trustees note is below the appropriate level, though they confirm post-year-end the unrestricted fund is in a surplus position. The charity relies on donations from its member, Brigham Young University, for funding and has received confirmation of continued financial support.

What the accounts disclose

Reserves policy: £100,000 of net current assets (held: £24k)
“The target level of reserves is £100,000 of net current assets.” — page 14
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Brigham Young University in the US receives rental income from students in relation to 31 Palace Court, which is a building owned by Brigham Young University Limited. The rental income received by Brigham Young University in the US amounts to £156,110.
“Brigham Young University in the US receives rental income from students in relation to 31 Palace Court, which is a building owned by Brigham Young University Limited. The rental income received by Brigham Young University in the US amounts to £156,110” — page 33
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.3m
Total spending
£1.3m
Reserves (reported)
£11.9m
Employees
7

Reported reserves equal ~106.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£1.3m£1.3m
31/12/2023£1.4m£1.3m
31/12/2022£1.2m£1.2m
31/12/2021£697k£835k
31/12/2020£706k£845k

Common questions

Is BRIGHAM YOUNG UNIVERSITY LIMITED financially healthy?

The accounts state that the charity holds total reserves of £11,955,774, significantly exceeding its stated policy target of £100,000. However, the unrestricted general funds are reported as a deficit of £23,827, which the trustees note is below the appropriate level, though they confirm post-year-end the unrestricted fund is in a surplus position. The charity relies on donations from its member, Brigham Young University, for funding and has received confirmation of continued financial support. Its FY2023 accounts were audited by Price Bailey LLP.