THE STOCK EXCHANGE BENEVOLENT FUND

Registered charity 245430 · accounts filings on the Charity Commission register

The principle object of the Benevolent Fund continues to be the relief of cases of need or distress among former members of the Stock Exchange and their dependants.

Objects

THE RELIEF OF CASES OF NEED OR DISTRESS AMONG THE FOLLOWING PERSONS AND CHARITIES: (A) ANY FORMER INDIVIDUAL MEMBER OF THE STOCK EXCHANGE WHO HAS IN THE OPINION OF THE GENERAL COMMITTEE CONDUCTED THEMSELVES IN BUSINESS IN AN UPRIGHT AND HONEST MANNER DURING THEIR YEARS OF MEMBERSHIP. (B) ANY WIFE, HUSBAND, WIDOW, WIDOWER, SON, DAUGHTER, MOTHER, FATHER, BROTHER, SISTER, NEPHEW OR NIECE OF ANY SUCH FORMER MEMBER. (C) ANY OTHER PERSON WHO, IN THE OPINION OF THE GENERAL COMMITTEE HAD DURING THE LIFE OF ANY SUCH FORMER MEMBER BEEN DEPENDENT ON HIM OR HER FOR FINANCIAL SUPPORT. (D) ANY CHARITY WHICH SUPPORTS ANYONE WHO WAS A MEMBER OF OR WAS DIRECTLY EMPLOYED BY OR WORKED FOR A MEMBER FIRM OF ANY UNITED KINGDOM STOCK EXCHANGE OR THEIR DEPENDENTS. IT SHALL BE PERMISSIBLE TO PROVIDE FOR THE RELIEF OF ANY SUCH FORMER MEMBERS OR THEIR DEPENDENTS BY MAKING PAYMENTS DIRECT TO INSTITUTIONS OR SCHOOLS THAT UNDERTAKE TO PROVIDE SERVICES FOR SUCH PERSONS.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income

£773k

Latest spending

£1.1m

Registered

1965

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus for the year of £1,061,196, driven by a significant net gain on investments of £1,432,022. Per the trustees' report, unrestricted reserves stood at £24,274,282, which is well above the stated policy target of approximately £15,000,000. The charity maintains a strong liquidity position with £676,462 in cash and liquid investments at year-end.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: approximately £15,000,000 (held: £24.3m)

“an unrestricted general reserve of approximately £15,000,000 (equivalent to ten years of our expenditure at present levels) should currently be maintained” — page 7

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Lubbock Fine LLP. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Structured financials (annual return, FY ending 31/12/2024)

Total income

£773k

Total spending

£1.1m

Cost of raising funds

£119k

Reserves (reported)

£24.3m

Employees

Per its annual return, largest income source: Investments (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 15.4% of total income — in the top quarter for charities its size (median 4.9%) (benchmarks).

Trustees · trustee networks

ANDREW MICHAEL IMPEY
JAMIE MATHESON · trustee of 1 other charity
Julian Scott Palfreyman
MICHAEL LILWALL
Nicholas Weston Wells
RUPERT NIGEL KENDALL BARON
Richard Killingbeck

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£773k	£1.1m
31/12/2023	£804k	£1.6m
31/12/2022	£1.1m	£1.3m
31/12/2021	£725k	£1.2m
31/12/2020	£628k	£1.1m

Common questions

Is THE STOCK EXCHANGE BENEVOLENT FUND financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a surplus for the year of £1,061,196, driven by a significant net gain on investments of £1,432,022. Per the trustees' report, unrestricted reserves stood at £24,274,282, which is well above the stated policy target of approximately £15,000,000. The charity maintains a strong liquidity position with £676,462 in cash and liquid investments at year-end. Its FY2024 accounts were audited by Lubbock Fine LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
CSIS CHARITY FUND	2	£350k
THE THALES CHARITABLE TRUST	1	£156k
THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST	1	£27k
UNSEEN (UK)	1	£15k
G F EYRE CHARITABLE TRUST	1	£800

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ICE BENEVOLENT FUND.

ICE BENEVOLENT FUND income £1.7m
BT BENEVOLENT FUND income £1.6m
THE INSTITUTION OF STRUCTURAL ENGINEERS BENEVOLENT FUND income £107k
LLOYD'S BENEVOLENT FUND income £425k
The British Airways Benevolent Fund income £120k
THE CIVIL SERVICE BENEVOLENT FUND income £5.6m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE STOCK EXCHANGE BENEVOLENT FUND	£773k	—	—	unclear	—	no doubt
ICE BENEVOLENT FUND FY2025	£1.7m	—	1	unclear	—	no doubt
BT BENEVOLENT FUND FY2025	£1.6m	—	0	above	—	no doubt
THE INSTITUTION OF STRUCTURAL ENGINEERS BENEVOLENT FUND FY2025	£107k	—	0	above	—	no doubt
LLOYD'S BENEVOLENT FUND FY2024	£425k	—	0	unclear	—	no doubt
The British Airways Benevolent Fund FY2024	£120k	—	0	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.