THE BANKERS BENEVOLENT FUND
Financial health, per its FY2025 accounts
The accounts state that the charity incurred an unrestricted deficit of £2.3m for the year, largely due to volatile investment returns, reducing its free reserves to £30.9m. Per the trustees' report, the charity maintains a reserves policy target of a minimum £40m to serve clients for the foreseeable future, meaning current free reserves are below this stated policy target. The trustees consider the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“In the band £120,001 - £125,000” — page 58
“BWC Enterprises Limited is a wholly owned trading subsidiary of the Bank Workers Charity and was registered on 15 August 2015 in England & Wales under company number 09734550 with £100 ordinary shares of £1 each. The company is not trading and is currently dormant.” — page 70
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (17/12/2025)
- Received assets from another charity (18/12/2024)
- Received assets from another charity (24/10/2018)
- Received assets from another charity (26/06/2013)
Trustees
- Michael Thornton Hemingwaychair
- CHARLES FREDERICK COLDICOTT
- Duncan Allan Douglas Stewart
- JASMINE EVE YEO
- Marco Evans
- NATHAN PAUL TOWNSEND
- Nadia Samir Hijazi
- RICHARD PETER WAIT
- SAMUEL CLIVE DE SILVA
- Sharon Midwinter
- Suzanne Hughes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.5m | £5.5m |
| 31/03/2024 | £2.3m | £6.6m |
| 31/03/2023 | £1.8m | £5.4m |
| 31/03/2022 | £2.2m | £5.1m |
| 31/03/2021 | £1.9m | £4.9m |
Common questions
Is THE BANKERS BENEVOLENT FUND financially healthy?
The accounts state that the charity incurred an unrestricted deficit of £2.3m for the year, largely due to volatile investment returns, reducing its free reserves to £30.9m. Per the trustees' report, the charity maintains a reserves policy target of a minimum £40m to serve clients for the foreseeable future, meaning current free reserves are below this stated policy target. The trustees consider the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of THE BANKERS BENEVOLENT FUND earn?
Per its FY2025 accounts, the highest-paid employee was in the £120,001 - £125,000 band.