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BOROUGH MARKET (SOUTHWARK)

Registered charity 1076940 · accounts filings on the Charity Commission register · also known as BOROUGH FOOD MARKET, BOROUGH MARKET, TRUSTEES OF THE BOROUGH MARKET

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Latest income
£8.4m
Latest spending
£8.6m
Registered
1999
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £191k for the year, driven by costs rising more than income due to inflation and increased footfall. The trustees confirm a strong total funds position of £99.9m, with free cash reserves of £4.64m, which exceeds their stated minimum target of £2.0m.

What the accounts disclose

Reserves policy: £2.0m (held: £4.6m)
“has a target minimum free cash level of £2.0m.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: One of the trustees, Adrian Bunnis, is a director at Glaziers Hall Ltd and the charity booked meeting rooms totalling £14,506 in 2024.
“One of the trustees, Adrian Bunnis, is a director at Glaziers Hall Ltd and the charity booked meeting rooms totalling £14,506 in 2024.”
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £625k
“Borough Market (Southwark) gave notice to exit the Scottish Voluntary Sector Pension Scheme on the 28th February 2022 with an agreed settlement of £694,890 of which £625,000 was paid.” — page 61
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Borough Market Business Limited
“The results for Borough Market Business Limited, the trading subsidiary of Borough Market, were consolidated in these results.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Ensors. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£8.4m
Total spending
£8.6m
Cost of raising funds
£465k
Reserves (reported)
£60.5m
Employees
40

Reported reserves equal ~84.9 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: Southwark

Income and spending

Financial year endIncomeSpending
31/03/2025£8.4m£8.6m
31/03/2024£7.7m£7.9m
31/03/2023£7.4m£6.9m
31/03/2022£6.6m£7.0m
31/03/2021£5.8m£6.1m

Common questions

Is BOROUGH MARKET (SOUTHWARK) financially healthy?

The accounts state that the charity reported a net expenditure of £191k for the year, driven by costs rising more than income due to inflation and increased footfall. The trustees confirm a strong total funds position of £99.9m, with free cash reserves of £4.64m, which exceeds their stated minimum target of £2.0m. Its FY2025 accounts were audited by Ensors.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund21/05/1996£50k"Borough Market, Southwark"