BALCARRES HERITAGE TRUST LIMITED
Environment, conservation and heritage in respect of Balcarres House grounds and contents. In order to achieve its objects, the Charity is restoring and conserving the assets in its care, purchasing assets having a connection with Balcarres, lending works of art for exhibition, etc, and maintaining the house and gardens.
Latest income
£261k
Latest spending
£380k
Registered
1987
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £204,701 for the year ended 5 April 2025, resulting in unrestricted funds of £299,159. The trustees confirm that there is no reserves policy as they believe free cash reserves are not necessary due to high levels of cash maintained in the endowment fund. The auditors concluded that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Related-party transaction: Rent paid to Earl of Crawford
“Parts of the property leased by the charity are sub-let to the Earl of Crawford at rent independently set each year by CKD Galbraith LLP, property consultants. The rent due by the Earl of Crawford in respect of this sub-lease in the year under review £20,550 (2024 - £19,925). Further, in the current year, rental income of £13,450 (2024 - £10,430) was received from Balcarres Estate and £9,910 (2024 - £8,904) from Lord Balniel, who is the Earl of Crawford's son.” — page 27
“The Earl of Crawford is a partner in James Hambro & Partners LLP who provide investment management services to the charity. The value of these services in the year under review was £44,108 (2024 - £40,776).” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Investment management fees paid to James Hambro & Partners LLP (Earl of Crawford is partner)
“Parts of the property leased by the charity are sub-let to the Earl of Crawford at rent independently set each year by CKD Galbraith LLP, property consultants. The rent due by the Earl of Crawford in respect of this sub-lease in the year under review £20,550 (2024 - £19,925). Further, in the current year, rental income of £13,450 (2024 - £10,430) was received from Balcarres Estate and £9,910 (2024 - £8,904) from Lord Balniel, who is the Earl of Crawford's son.” — page 27
“The Earl of Crawford is a partner in James Hambro & Partners LLP who provide investment management services to the charity. The value of these services in the year under review was £44,108 (2024 - £40,776).” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Recharges and donations from Balcarres Estate
“Parts of the property leased by the charity are sub-let to the Earl of Crawford at rent independently set each year by CKD Galbraith LLP, property consultants. The rent due by the Earl of Crawford in respect of this sub-lease in the year under review £20,550 (2024 - £19,925). Further, in the current year, rental income of £13,450 (2024 - £10,430) was received from Balcarres Estate and £9,910 (2024 - £8,904) from Lord Balniel, who is the Earl of Crawford's son.” — page 27
“The Earl of Crawford is a partner in James Hambro & Partners LLP who provide investment management services to the charity. The value of these services in the year under review was £44,108 (2024 - £40,776).” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Legal services from Charles Russell Speechlys (Simon Weil is partner)
“Parts of the property leased by the charity are sub-let to the Earl of Crawford at rent independently set each year by CKD Galbraith LLP, property consultants. The rent due by the Earl of Crawford in respect of this sub-lease in the year under review £20,550 (2024 - £19,925). Further, in the current year, rental income of £13,450 (2024 - £10,430) was received from Balcarres Estate and £9,910 (2024 - £8,904) from Lord Balniel, who is the Earl of Crawford's son.” — page 27
“The Earl of Crawford is a partner in James Hambro & Partners LLP who provide investment management services to the charity. The value of these services in the year under review was £44,108 (2024 - £40,776).” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Legacy from Late 29th Earl of Crawford
“Parts of the property leased by the charity are sub-let to the Earl of Crawford at rent independently set each year by CKD Galbraith LLP, property consultants. The rent due by the Earl of Crawford in respect of this sub-lease in the year under review £20,550 (2024 - £19,925). Further, in the current year, rental income of £13,450 (2024 - £10,430) was received from Balcarres Estate and £9,910 (2024 - £8,904) from Lord Balniel, who is the Earl of Crawford's son.” — page 27
“The Earl of Crawford is a partner in James Hambro & Partners LLP who provide investment management services to the charity. The value of these services in the year under review was £44,108 (2024 - £40,776).” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- LORD BALNIELchair
- Dr William Zachs
- NICOLAS BARKER
- RICHARD ELLIOTT
- SIMON PATRICK WEIL
- THE EARL OF WOOLTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £261k | £380k |
| 05/04/2024 | £409k | £404k |
| 05/04/2023 | £253k | £433k |
| 05/04/2022 | £199k | £246k |
| 05/04/2021 | £169k | £292k |
Common questions
Is BALCARRES HERITAGE TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £204,701 for the year ended 5 April 2025, resulting in unrestricted funds of £299,159. The trustees confirm that there is no reserves policy as they believe free cash reserves are not necessary due to high levels of cash maintained in the endowment fund. The auditors concluded that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Sumer Auditco Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BANISTER CHARITABLE TRUST | 1 | £338k |
| THE PILGRIM TRUST | 1 | £10k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £2k |
| THE HAROLD AND ALICE BRIDGES CHARITY | 1 | £500 |
| THE KNOLL CHARITABLE TRUST | 1 | £230 |
| HAYS TRAVEL FOUNDATION | 1 | £0 |
Charities like this
- BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED
- HAREWOOD HOUSE TRUST LIMITED
- THE CORNWALL HERITAGE TRUST LIMITED
- Country Houses Foundation
- SEFTON PARK PALM HOUSE PRESERVATION TRUST
- THE NORDEN FARM CENTRE TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BALCARRES HERITAGE TRUST LIMITED | £261k | — | 0 | unclear | — | no doubt |
| BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED | £1.0m | — | 0 | above | — | no doubt |
| HAREWOOD HOUSE TRUST LIMITED | £6.0m | — | — | below | — | noted |
| THE CORNWALL HERITAGE TRUST LIMITED | £1.2m | — | 0 | unclear | — | no doubt |
| Country Houses Foundation | £850k | — | 0 | above | — | no doubt |
| SEFTON PARK PALM HOUSE PRESERVATION TRUST | £981k | £60,001 - £70,000 | 1 | unclear | — | no doubt |