BACON FOUNDATION LTD
Latest income
£2.0m
Latest spending
£2.8m
Registered
2006
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the Charity held unrestricted reserves of -£1,141,411 at the year end, resulting in a net liability position. Per the trustees' report, the Charity is reliant on donations from related parties to meet its obligations, though it has received a letter of support securing future funds to operate for at least 12 months.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“The amount of reserves at 1 April 2025 amounted to ‐£1,141,411 (2024 – ‐£355,766).”
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Charity is reliant on the donations it receives from such parties to ensure that it is able to continue to meet its obligations as they become due.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Belvedere Charitable Foundation is the sole shareholder. Mr Lawrence Noe, a Trustee, is also a Director of The Belvedere Charitable Foundation.
“Mr Lawrence Noe, a Trustee of the Charity is also a Director of The Belvedere Charitable Foundation, the sole shareholder of the Charity.” — page 7
“Mrs Sarah Woodhead Bacon, a Trustee of the Charity, is also a Board Member for Space for Giants, an institution that the Charity donated to during the year.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Charity donated to Space for Giants. Mrs Sarah Woodhead Bacon, a Trustee, is also a Board Member for Space for Giants.
“Mr Lawrence Noe, a Trustee of the Charity is also a Director of The Belvedere Charitable Foundation, the sole shareholder of the Charity.” — page 7
“Mrs Sarah Woodhead Bacon, a Trustee of the Charity, is also a Board Member for Space for Giants, an institution that the Charity donated to during the year.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 01/04/2025)
Total income
£2.0m
Total spending
£2.8m
Reserves (reported)
£0
Employees
0
Trustees
- LAWRENCE NOE
- LOUIS MOORE BACON
- PATRICK SWEENEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/04/2025 | £2.0m | £2.8m |
| 01/04/2024 | £2.8m | £2.9m |
| 01/04/2023 | £106k | £3.8m |
| 01/04/2022 | £9.6m | £6.2m |
| 01/04/2021 | £63k | £126k |
Common questions
Is BACON FOUNDATION LTD financially healthy?
The accounts state that the Charity held unrestricted reserves of -£1,141,411 at the year end, resulting in a net liability position. Per the trustees' report, the Charity is reliant on donations from related parties to meet its obligations, though it has received a letter of support securing future funds to operate for at least 12 months. Its FY2025 accounts were audited by Ernst & Young LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |