The British Airways Benevolent Fund
To provide grants for the purpose of relieving poverty amongst present and former employees of British Airways, their spouses and dependants.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £3,939,537 at the end of the year, providing a strong asset position. The charity generated a net income of £125,611, supported by investment income and donations, while maintaining sufficient liquidity to continue operations without drawing on capital.
What the accounts disclose
“Investment Income 71,463”
“The Trustees aim to maintain free reserves in unrestricted funds; unrestricted funds being the only category of fund the Trust maintains currently. Unrestricted funds provide a safety net against income fluctuations whilst also providing flexibility to fund grants.” — page 4
“Donations of £32,100 (2023: £32,100) were made to cover governance costs charged in the year. These costs were borne by British Airways Plc.” — page 14
Trustees
- Amy James
- Charles Alan Wadsworth
- Douglas James Brown
- Giles Lowe
- Jill Rosemary Errington MBE
- Neil Kevin Gunnell
- Pauline Jorgensen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £120k | £109k |
| 31/12/2023 | £102k | £92k |
| 31/12/2022 | £100k | £75k |
| 31/12/2021 | £99k | £55k |
| 31/12/2020 | £79k | £76k |
Common questions
Is The British Airways Benevolent Fund financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £3,939,537 at the end of the year, providing a strong asset position. The charity generated a net income of £125,611, supported by investment income and donations, while maintaining sufficient liquidity to continue operations without drawing on capital. Its FY2024 accounts were audited by KPMG LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CSIS CHARITY FUND | 1 | £85k |
| THE JORON CHARITABLE TRUST | 1 | £5k |
Charities like this
- THE BRITISH AIRLINE PILOTS ASSOCIATION BENEVOLENT FUND
- THE ROYAL AIR FORCE BENEVOLENT FUND
- THE ROYAL AIR FORCE BENEVOLENT FUND
- THE ABTA BENEVOLENT FUND
- BT BENEVOLENT FUND
- THE STOCK EXCHANGE BENEVOLENT FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The British Airways Benevolent Fund | £120k | — | 0 | above | — | no doubt |
| THE BRITISH AIRLINE PILOTS ASSOCIATION BENEVOLENT FUND | £106k | — | 0 | unclear | — | no doubt |
| THE ROYAL AIR FORCE BENEVOLENT FUND | £2.4m | — | — | unclear | 21.3% | no doubt |
| THE ROYAL AIR FORCE BENEVOLENT FUND | £27.7m | — | 19 | unclear | 17.9% | no doubt |
| THE ABTA BENEVOLENT FUND | £202k | — | 1 | above | — | no doubt |
| BT BENEVOLENT FUND | £1.6m | — | 0 | above | — | no doubt |