THE BENEVOLENT FUND OF THE WORSHIPFUL COMPANY OF BAKERS
Relief of necessitous Liverymen or Freemen of the Company, widows, orphans or dependents of Liverymen or Freemen of the Company and persons who have been employed by the Company. Making of grants, donations or subscriptions to any fund for charitable purposes in the City of London. Other charitable purposes beneficial to the community not included in the foregoing.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £65,365 for the year, resulting in a decrease in total net assets from £2,701,061 to £2,687,914. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties identified. Free reserves stood at £2,560,315, which the trustees consider sufficient to support long-term activities.
What the accounts disclose
“Income totalled £85,223 (2024 £98,090).” — page 4
“The Trustees’ policy is to maintain the reserves of the charity with a guideline of distributing 100% of the annual income generated.” — page 5
“The Worshipful Company of Bakers provided services to the Charity during the year, for which the fee was £12,000 (2024: Nil). At the year end, accruals and deferred income included £12,000 due to the Worshipful Company of Bakers in respect of the management fee and £1,755 in respect of other expenses.”
Funders the charity credits
- The Association of Bakery Ingredient Manufacturers (ABIM)
Trustees
- ANDREW BEALE
- Alison Springett
- Maxwell Elvidge
- Russell Chweidan
- WILLIAM JAMES MARLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £85k | £151k |
| 31/12/2024 | £98k | £118k |
| 31/12/2023 | £159k | £92k |
| 31/12/2022 | £154k | £125k |
| 31/12/2021 | £78k | £81k |
Common questions
Is THE BENEVOLENT FUND OF THE WORSHIPFUL COMPANY OF BAKERS financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £65,365 for the year, resulting in a decrease in total net assets from £2,701,061 to £2,687,914. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties identified. Free reserves stood at £2,560,315, which the trustees consider sufficient to support long-term activities. Its FY2025 accounts were independently examined.