THE LORD BAMFORD FOUNDATION
Promoting or developing the science of mechanical engineering, in all its forms and in particular, research, for the benefit of the public, and promoting such other charitible purposes as the trustees see fit.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £2,850,406, which is a significant surplus compared to the previous year's £2,490,458. The trustees' report explicitly states a policy of not holding reserves, aiming to apply current income to grants, yet the financial statements show a substantial accumulation of funds. The charity's primary funding comes from a £300,000 annual donation by a trustee, and it reported no staff costs or trustee remuneration for the year.
What the accounts disclose
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £307k | £8k |
| 31/03/2024 | £339k | £182k |
| 31/03/2023 | £329k | £112k |
| 31/03/2022 | £315k | £44k |
| 31/03/2021 | £313k | £26k |
Common questions
Is THE LORD BAMFORD FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £2,850,406, which is a significant surplus compared to the previous year's £2,490,458. The trustees' report explicitly states a policy of not holding reserves, aiming to apply current income to grants, yet the financial statements show a substantial accumulation of funds. The charity's primary funding comes from a £300,000 annual donation by a trustee, and it reported no staff costs or trustee remuneration for the year. Its FY2025 accounts were audited by Howsons (Audit & Assurance) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £115k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £10k |
| THE TIM HENMAN FOUNDATION | 1 | £1k |
Charities like this
- J C BAMFORD FOUNDATION
- BANHAM FOUNDATION LIMITED
- BACON FOUNDATION LTD
- LORD BARNBY'S FOUNDATION
- THE ENGINEERING AND TECHNOLOGY BOARD
- BEDFORDSHIRE AND LUTON COMMUNITY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LORD BAMFORD FOUNDATION | £307k | — | 0 | unclear | — | no doubt |
| J C BAMFORD FOUNDATION | £510k | — | 0 | unclear | — | no doubt |
| BANHAM FOUNDATION LIMITED | £286k | — | 0 | unclear | — | no doubt |
| BACON FOUNDATION LTD | £2.0m | — | 0 | below | — | noted |
| LORD BARNBY'S FOUNDATION | £321k | — | 0 | unclear | — | no doubt |
| THE ENGINEERING AND TECHNOLOGY BOARD | £10.0m | £220,001 - £230,000 | — | within | — | no doubt |