TALLOW CHANDLERS BENEVOLENT FUND NO 2
The Charity's principal aim is to provide relevant, focused support and giving for the benefit of disadvantaged young people mainly in the Greater London area, to encourage them to succeed in life. This support is primarily provided through education. It supports charities and charitable organisations that provide public benefit by providing donations, bursaries, and scholarships.
Objects
FOR SUCH CHARITABLE PURPOSES AS THE MASTER AND WARDENS OF THE TALLOW CHANDLERS COMPANY DECIDE
Financial health, per its FY2026 accounts
The accounts state that total net assets increased to £13,679,940, driven by a significant £2,057,763 gain on investments. The charity holds substantial unrestricted designated funds of £13,677,100, which the trustees consider sufficient to cover expected income and expenditure for the next 12 months, confirming a strong going concern position.
What the accounts disclose
“During the year the charity received a notional donation in kind of £183,513 (2025 - £196,694) which represents the value of the expenditure borne by The Worshipful Company of Tallow Chandlers in providing support services to the Tallow Chandlers Benevolent Fund No 2.” — page 34
Policies the charity declares
- 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
- Risk management
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 05/04/2026
- Volunteers: 40
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 05/04/2025
- Volunteers: 3
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 05/04/2024
- Grant-making is its main activity
Property (HM Land Registry)
Structured financials (annual return, FY ending 05/04/2026)
Trustees
- Tallow Chandlers Company
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2026 | £721k | £613k |
| 05/04/2025 | £773k | £599k |
| 05/04/2024 | £757k | £1.1m |
| 05/04/2023 | £913k | £619k |
| 05/04/2022 | £1.0m | £1.1m |
Common questions
Is TALLOW CHANDLERS BENEVOLENT FUND NO 2 financially healthy?
Per its FY2026 accounts: The accounts state that total net assets increased to £13,679,940, driven by a significant £2,057,763 gain on investments. The charity holds substantial unrestricted designated funds of £13,677,100, which the trustees consider sufficient to cover expected income and expenditure for the next 12 months, confirming a strong going concern position. Its FY2026 accounts were audited by Kreston Reeves Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SAVOY EDUCATIONAL TRUST | 1 | £88k |
| CAMBRIDGESHIRE ACRE | 1 | £84k |
| The Goldsmiths' Foundation | 1 | £65k |
| THE INNHOLDERS' CHARITABLE FOUNDATION | 1 | £45k |
| THE BEAVERBROOKS CHARITABLE TRUST | 1 | £28k |
| EAST END COMMUNITY FOUNDATION | 1 | £5k |
| NORFOLK AND NORWICH FESTIVAL TRUST | 1 | £4k |
| TOWER HILL TRUST | 1 | £3k |
Charities like this
- THE TALENT FOUNDRY TRUST
- THE TANLAW FOUNDATION
- THE SADDLERS' COMPANY CHARITABLE FUND
- THE HADLEY PROJECTS FUND
- PETER LATHOM (INCLUDING THE LATHOM EDUCATIONAL FOUNDATION)
- THE INNHOLDERS' CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TALLOW CHANDLERS BENEVOLENT FUND NO 2 | £721k | — | 0 | unclear | — | no doubt |
| THE TALENT FOUNDRY TRUST | £2.0m | — | — | within | — | no doubt |
| THE TANLAW FOUNDATION | £308k | — | 0 | unclear | — | no doubt |
| THE SADDLERS' COMPANY CHARITABLE FUND | £374k | — | 0 | below | 0.0% | no doubt |
| THE HADLEY PROJECTS FUND | £558k | — | 0 | unclear | — | no doubt |
| PETER LATHOM (INCLUDING THE LATHOM EDUCATIONAL FOUNDATION) | £57k | — | — | unclear | — | no doubt |