THE NATIONAL BENEVOLENT SOCIETY OF WATCH AND CLOCK MAKERS
The giving of grants to beneficiaries to relieve sickness, disability, infirmity and financial needs of those persons who have been engaged in any branch of the watch and clock trades and their widows or widowers
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of £42,254 for the year, driven by investment gains of £172,766 which offset a net expenditure on charitable activities of £178,883. Per the trustees' report, unrestricted reserves stood at £1,796,655, which the trustees consider adequate to meet future objectives, although they note a policy aim to reach £2 million by December 2030.
What the accounts disclose
“Our current level of reserves stands at £1,796,655. We aim to reach £2 million in reserves by December 2030”
Trustees
- Patrick Sheehanchair
- Camilla Szymanowska
- ELIZABETH CRANDON GILL
- HOWARD CARL NEWMAN
- Luke Graham Gleave
- Michael Marcus ter Kuile
- ROBERT ANDREW BALL LVO FBHI
- Robert Woolgar Wren FBHI
- VALERIE ADELE LEONARD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £48k | £179k |
| 31/10/2024 | £60k | £268k |
| 31/10/2023 | £63k | £286k |
| 31/10/2022 | £68k | £319k |
| 31/10/2021 | £76k | £276k |
Common questions
Is THE NATIONAL BENEVOLENT SOCIETY OF WATCH AND CLOCK MAKERS financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of £42,254 for the year, driven by investment gains of £172,766 which offset a net expenditure on charitable activities of £178,883. Per the trustees' report, unrestricted reserves stood at £1,796,655, which the trustees consider adequate to meet future objectives, although they note a policy aim to reach £2 million by December 2030. Its FY2025 accounts were independently examined.