THE BAND AID CHARITABLE TRUST
Latest income
£2.5m
Latest spending
£3.1m
Registered
1985
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total unrestricted reserves decreased from £4,889,517 to £4,254,402, resulting in a net outgoing resource of £635,115 for the year. The trustees report that the group has adequate resources to continue in operation for the foreseeable future, with no debt held during the year.
What the accounts disclose
Related-party transaction: J Kennedy and H Goldsmith jointly own 100% of the share capital of Live 8 Limited and Band Aid Trading Limited in their capacity as Trustees of the charity. J Kennedy and R Geldof jointly own 100% of the share capital of Band Aid Licencing Limited in their capacity as Trustees of the charity. During the year, Band Aid Trading Limited and Band Aid Licencing Limited, a subsidiary, distributed £700,000 (2023: £900,000) to the charity.
“During the year, Band Aid Trading Limited and Band Aid Licencing Limited, a subsidiary, distributed £700,000 (2023: £900,000) to the charity.” — page 29
“Band Aid Licencing Limited owes The Band Aid Charitable Trust amount totalling £1,140 (2023: £1,140). The balance was provided interest free and is repayable on demand.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Band Aid Licencing Limited owes The Band Aid Charitable Trust amount totalling £1,140 (2023: £1,140). The balance was provided interest free and is repayable on demand.
“During the year, Band Aid Trading Limited and Band Aid Licencing Limited, a subsidiary, distributed £700,000 (2023: £900,000) to the charity.” — page 29
“Band Aid Licencing Limited owes The Band Aid Charitable Trust amount totalling £1,140 (2023: £1,140). The balance was provided interest free and is repayable on demand.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Band Aid Trading Limited owes The Band Aid Charitable Trust totalling £59,783 (2023: 105,556). The balance was provided interest free and is repayable on demand.
“During the year, Band Aid Trading Limited and Band Aid Licencing Limited, a subsidiary, distributed £700,000 (2023: £900,000) to the charity.” — page 29
“Band Aid Licencing Limited owes The Band Aid Charitable Trust amount totalling £1,140 (2023: £1,140). The balance was provided interest free and is repayable on demand.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 30/11/2024)
Total income
£2.5m
Total spending
£3.1m
Cost of raising funds
£52k
Reserves (reported)
£4.3m
Employees
0
Trustees
- SIR ROBERT GELDOF KBEchair
- CHRIS MORRISON
- HARVEY GOLDSMITH CBE
- John Kennedy
- LORD MICHAEL GRADE CBE
- MIDGE URE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £2.5m | £3.1m |
| 30/11/2023 | £2.4m | £2.5m |
| 30/11/2022 | £1.9m | £1.8m |
| 30/11/2021 | £2.1m | £1.0m |
| 30/11/2020 | £3.2m | £1.1m |
Common questions
Is THE BAND AID CHARITABLE TRUST financially healthy?
The accounts state that total unrestricted reserves decreased from £4,889,517 to £4,254,402, resulting in a net outgoing resource of £635,115 for the year. The trustees report that the group has adequate resources to continue in operation for the foreseeable future, with no debt held during the year. Its FY2024 accounts were audited by HW Fisher Audit.