TRANSPORT BENEVOLENT FUND (CIO)
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves increased to £5,508,000, which the trustees consider adequate but below their stated policy target of two years' expenditure cover. The charity reports a sound financial position with good cash flow, maintaining a strategic cash reserve of between £450,000 and £500,000 to mitigate risks related to employer contributions and bank stability.
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 E657 (2022: E902), involving three trustees and one partners. No grants or services were made to trustees or their dependants from the TfL Staff Welfare Fund.” — page 48
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?
The accounts state that unrestricted reserves increased to £5,508,000, which the trustees consider adequate but below their stated policy target of two years' expenditure cover. The charity reports a sound financial position with good cash flow, maintaining a strategic cash reserve of between £450,000 and £500,000 to mitigate risks related to employer contributions and bank stability. Its FY2023 accounts were audited by Goldwins Limited.