BACON FOUNDATION LTD
The company's objects and principal activities are for such exclusive charitable purposes as the Trustees of the charity may in their absolute discretion determine.
Objects
SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE DIRECTORS OF THE CHARITY MAY IN THEIR ABSOLUTE DISCRETION DETERMINE.
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
“Moore Charitable Foundation, a related party entity, donated £1,999,868 during the year” — page 18
“The amount of reserves at 1 April 2025 amounted to ‐£1,141,411 (2024 – ‐£355,766).”
“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.”
“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
“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
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Structured financials (annual return, FY ending 01/04/2025)
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?
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. Its FY2025 accounts were audited by Ernst & Young LLP.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BACON FOUNDATION LTD | £2.0m | — | 0 | below | — | noted |
| THE BACON CHARITABLE TRUST | £81k | — | 0 | unclear | — | no doubt |
| CHARITY EXTRA CHARITABLE TRUST | £48k | — | 0 | below | — | noted |
| BNA CHARITABLE INCORPORATED ORGANISATION | £356k | — | 0 | unclear | — | no doubt |
| THE HARRY BACON FOUNDATION | £109k | — | — | unclear | — | no doubt |
| THE MCLAIN FOUNDATION LIMITED | £2.5m | — | — | unclear | — | no doubt |