Binks Trust
Latest income
£497k
Latest spending
£813k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total funds decreased from £13,044,907 to £12,031,234 due to a net expenditure of £1,013,673, driven by grants made of £747,137 and a net loss on investments of £698,587. The charity maintains unrestricted revenue reserves of £275,422, which the Trustees consider acceptable and in line with their policy of maintaining only such reserves as are required to meet emergencies. The Trustees have assessed the ability to continue as a going concern and confirmed there are adequate resources to do so.
What the accounts disclose
Related-party transaction: CT (Chartered Accountants) is connected to Albyn Trust Limited directors; fees paid for administration.
“Most of the directors of Albyn Trust Limited are partners in the firm of CT, Chartered Accountants. CT fees for their administration work amounted to £16,920 including VAT (2024: £16,290). The total amount outstanding at the year-end was £4,230 (2024: £8,250). 10% of this fee is allocated to governance costs and 90% to charitable activities based on time spent.” — page 16
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payment to Cambridge Literary Festival, a charity which is a trustee.
“Most of the directors of Albyn Trust Limited are partners in the firm of CT, Chartered Accountants. CT fees for their administration work amounted to £16,920 including VAT (2024: £16,290). The total amount outstanding at the year-end was £4,230 (2024: £8,250). 10% of this fee is allocated to governance costs and 90% to charitable activities based on time spent.” — page 16
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payment to Textile Conservation Foundation, a charity which is a trustee.
“Most of the directors of Albyn Trust Limited are partners in the firm of CT, Chartered Accountants. CT fees for their administration work amounted to £16,920 including VAT (2024: £16,290). The total amount outstanding at the year-end was £4,230 (2024: £8,250). 10% of this fee is allocated to governance costs and 90% to charitable activities based on time spent.” — page 16
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payments to entities where IEE served as a trustee.
“Most of the directors of Albyn Trust Limited are partners in the firm of CT, Chartered Accountants. CT fees for their administration work amounted to £16,920 including VAT (2024: £16,290). The total amount outstanding at the year-end was £4,230 (2024: £8,250). 10% of this fee is allocated to governance costs and 90% to charitable activities based on time spent.” — page 16
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Legacy received from a close family member of the trustees.
“Most of the directors of Albyn Trust Limited are partners in the firm of CT, Chartered Accountants. CT fees for their administration work amounted to £16,920 including VAT (2024: £16,290). The total amount outstanding at the year-end was £4,230 (2024: £8,250). 10% of this fee is allocated to governance costs and 90% to charitable activities based on time spent.” — page 16
Per FY2025 accounts as filed with OSCR.