THE TOBACCO PIPE MAKERS AND TOBACCO TRADE BENEVOLENT FUND
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £10,055,314, driven by a significant surplus on the disposal of property and positive investment performance. The charity holds unrestricted reserves of £4,284,177 and maintains cash balances intended to cover 50-75% of one year's giving in the General Fund and 80-100% in the Welfare Fund to mitigate investment volatility. Per the trustees' report, the charity has no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The Trustees hold the equivalent of 50-75% of one year's giving in the bank account of the General Fund and aim for 80-100% of one year's giving in the bank account of the Welfare Fund, to mitigate the impact of financial market volatility on the Fund's investments and enable giving to continue if investment income were to fall sharply.”
Structured financials (annual return, FY ending 31/03/2024)
Register events
- Received assets from another charity (23/04/2015)
- Received assets from another charity (15/08/2011)
Trustees
- Jeremy Louis Merton
- Jonathan Fell
- Judith Donovan CBE
- Laurent Charbonnier
- Marie Adelaide Grizella Cooper
- Nicola Snook
- Roger Jason Brookes
- Sharon Claire Taberer
- Susan Patricia Curran
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £333k | £6.3m |
| 31/03/2024 | £979k | £569k |
| 31/03/2023 | £419k | £504k |
| 31/03/2022 | £345k | £412k |
| 31/03/2021 | £426k | £398k |
Common questions
Is THE TOBACCO PIPE MAKERS AND TOBACCO TRADE BENEVOLENT FUND financially healthy?
The accounts state that total funds increased to £10,055,314, driven by a significant surplus on the disposal of property and positive investment performance. The charity holds unrestricted reserves of £4,284,177 and maintains cash balances intended to cover 50-75% of one year's giving in the General Fund and 80-100% in the Welfare Fund to mitigate investment volatility. Per the trustees' report, the charity has no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JACK PETCHEY FOUNDATION | 1 | £24k |
| BRIGHOUSE WEST YORKSHIRE AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN | 1 | £8k |