Finance Score: -3

Governance Score: 0

Support Score: 0

Strong growth: +2
Multiple Deficits and declines: -5
No PartB

No supporters identified

Overall GiG Score: -3

THE BWC CHARITY

The Charity's object is the relief of financial need, hardship or distress of people within the beneficial class.That class is restricted to employees and former employees and their dependants of any company within the RBS Group of companies, any former constituent banks of RBS or NatWest and persons who were employed by a company that was part of the Group of which RBS or NatWest was a member.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

This charity uses a corporate trustee

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
Income has been volatile and on several occasions in recent years less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£26	£2,860	£-2,835	n/a	n/a	n/a	n/a	n/a
31/03/22		£51	£67	£-16	n/a	n/a	n/a	n/a	n/a
31/03/21		£77	£16	£61	n/a	n/a	n/a	n/a	n/a
31/03/20		£58	£21	£37	n/a	n/a	n/a	n/a	n/a
31/03/19		£68	£43	£25	n/a	n/a	n/a	n/a	n/a
31/03/18?		£45	£19	£26	£0	£0	£0	n/a	0
30/06/17		£1,209	£445	£763	£0	£2,362	£0	n/a	0
30/06/16		£1,080	£446	£634	£17	£34,325	£32,172	865.8	0
30/06/15	*	£1,038	£332	£705	£69	£31,528	£29,499	1065.4	0
30/06/14		£913	£100	£813	£30	£29,279	£27,345	3280.7	0

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Highest pay bracket: less than £60,000

Established: 11 years

https://www.bwcharity.org.uk

info@bwcharity.org.uk

02038738535

Charity Commission for England and Wales

Tweets

Listed activities

The Prevention Or Relief Of Poverty

GiG Classification

Poverty relief

How it operates

Makes Grants to Individuals

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Defined Groups

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (1)

THE BANKERS BENEVOLENT FUND

Legal constitution

Charity registered in England & Wales on 17/10/2013, number: 1154235

Gift Aid

NOT registered with HMRC for Gift Aid

Event History

17/04/2014 - Asset transfer in from THE ROYAL BANK OF SCOTLAND GROUP BENEVOLENT FUND
25/04/2014 - Asset transfer in from THE NATIONAL WESTMINSTER STAFF FOUNDATION

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

10 returns made; AR15: 144 days late,

Main office

Bank Workers Charity
Suite 686 - 695
Salisbury House
Finsbury Circus
London

Objectives

THE OBJECT OF THE CIO IS THE RELIEF OF FINANCIAL NEED, HARDSHIP AND DISTRESS OF PEOPLE WITHIN THE BENEFICIAL CLASS.BENEFICIAL CLASS MEANS; 1. EMPLOYEES AND FORMER EMPLOYEES AND THEIR DEPENDANTS OF: A.ANY COMPANY WITHIN THE RBS GROUP; B.ANY FORMER CONSTITUENT BANKS (CONSTITUENT BANKS) OF THE ROYAL BANK OR NATWEST, INCLUDING, WITHOUT LIMITATION, THE ROYAL BANK OF SCOTLAND LIMITED; NATIONAL COMMERCIAL BANK OF SCOTLAND LIMITED; THE COMMERCIAL BANK OF SCOTLAND LIMITED; WILLIAMS AND GLYN'S BANK PLC; WILLIAM DEACON'S BANK LIMITED; THE NATIONAL BANK LIMITED; GLYN, MILLS & COMPANY LIMITED; DISTRICT BANK LIMITED; NATIONAL PROVINCIAL BANK LIMITED; AND 2. ANY PERSONS WHO WERE EMPLOYED BY A COMPANY AT THE TIME THAT SUCH COMPANY WAS PART OF THE GROUP OF COMPANIES OF WHICH NATWEST OR THE ROYAL BANK WAS A MEMBER EVEN THOUGH THAT COMPANY MAY SINCE CEASED TO BE PART OF THAT GROUP AND THEIR DEPENDANTS. RBS GROUP MEANS: 1. THE ROYAL BANK OF SCOTLAND PLC (THE ROYAL BANK); 2. ANY OTHER COMPANY OR CORPORATE BODY FROM TIME TO TIME WITHIN THE GROUP OF COMPANIES KNOWN AS THE ROYAL BANK OF SCOTLAND GROUP (THE RBS GROUP) WHICH COMPRISES THE ROYAL BANK OF SCOTLAND GROUP PLC AND ITS SUBSIDIARY COMPANIES FROM TIME TO TIME (INCLUDING WITHOUT LIMITATION TO THE FOREGOING GENERALITY, THE ROYAL BANK AND ITS SUBSIDIARY COMPANIES, NATIONAL WESTMINSTER BANK PLC (NATWEST) AND ITS SUBSIDIARY COMPANIES (IN EACH CASE FROM TIME TO TIME)).

Data Sources