TRANSPORT BENEVOLENT FUND (CIO)
TO RELIEVE NEED, HARDSHIP OR DISTRESS AMONG THOSE ENGAGED IN THE PUBLIC TRANSPORT INDUSTRY WITHIN GREAT BRITAIN (OR WHO HAVE BEEN SO ENGAGED), ALONG WITH THEIR DEPENDANTS.TBF IS A MEMBERSHIP CHARITY AND MOST BENEFITS ARE RESTRICTED TO THOSE WHO CONTRIBUTE TO IT. THE MAIN EXCEPTION IS THAT THOSE NOMINATED BY TRANSPORT FOR LONDON MAY BE HELPED FROM A SEPARATE TFL STAFF WELFARE FUND.
Financial health, per its FY2025 accounts
The accounts state that the charity's financial position is sound, with combined reserves of £7,924,000. However, the trustees note that this level does not meet their stated objective of representing two years' expenditure cover, although they consider it adequate. The charity reported a net income surplus for the year, though investment values for the main fund decreased.
What the accounts disclose
“The trustees wish the general reserve to represent two years’ expenditure cover. The present level does not meet the objective but is considered adequate.”
“The total value of grants or services made to trustees or their dependants from the unrestricted fund was £1,401 (2024: £108), involving three trustees. No grants or services were made to trustees or their dependants from the TfL Staff Welfare Fund.” — page 48
In the news
- London train naming ceremony celebrates the Transport Benevolent Fund CIO’s centenary
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- Transport Benevolent Fund CIO – Moving forward for a brighter future
- Transport Benevolent Fund CIO introduces new COVID-related memorial funds - route-one.net
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (15/04/2016)
Trustees
- ROBERT HOWARD JONESchair
- Delroy White
- MICHAEL KEANE
- Nicola Buckley
- Olubunmi Ayoade Sutton
- Ravinder Kaur Kalsi
- Sharon Hilley
- Stephen Dadswell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.2m | £5.1m |
| 31/03/2024 | £5.0m | £4.8m |
| 31/03/2023 | £4.8m | £4.3m |
| 31/03/2022 | £5.1m | £4.3m |
| 31/03/2021 | £4.6m | £3.6m |
Common questions
Is TRANSPORT BENEVOLENT FUND (CIO) financially healthy?
Per its FY2025 accounts: The accounts state that the charity's financial position is sound, with combined reserves of £7,924,000. However, the trustees note that this level does not meet their stated objective of representing two years' expenditure cover, although they consider it adequate. The charity reported a net income surplus for the year, though investment values for the main fund decreased. Its FY2025 accounts were audited by Goldwins Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CSIS CHARITY FUND | 1 | £85k |
Charities like this
- The British Airways Benevolent Fund
- COMPASS COMMUNITY TRANSPORT LTD
- BT BENEVOLENT FUND
- THE STOCK EXCHANGE BENEVOLENT FUND
- ICE BENEVOLENT FUND
- TIFERETH BENEVOLENT FUND LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TRANSPORT BENEVOLENT FUND (CIO) | £5.2m | — | — | below | — | no doubt |
| The British Airways Benevolent Fund | £120k | — | 0 | above | — | no doubt |
| COMPASS COMMUNITY TRANSPORT LTD | £450k | — | 0 | above | — | no doubt |
| BT BENEVOLENT FUND | £1.6m | — | 0 | above | — | no doubt |
| THE STOCK EXCHANGE BENEVOLENT FUND | £773k | — | — | unclear | — | no doubt |
| ICE BENEVOLENT FUND | £1.7m | — | 1 | unclear | — | no doubt |