Finance Score: -4

Governance Score: 6

Support Score: 0

Liabilities <10%: +3
Poor Liquidity: -1
Good Reserves: +1Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 2

THE BANKERS BENEVOLENT FUND

Bank Workers Charity (BWC) is the only occupational benevolent fund for all current and former bank employees working in the UK and their families. The Charity's objects are the prevention and relief of poverty and advancement of health amongst bank employees, their families, children and dependents; advancement of education amongst the children of bank employees

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but very substantial unrestricted reserves are available
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

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	£1,843	£5,383	£-3,540	£88	£87,334	£36,239	80.8	34
31/03/22	£2,155	£5,149	£-2,995	£94	£92,404	£40,567	94.5	33
31/03/21	£1,857	£4,883	£-3,026	£209	£89,519	£41,253	101.4	35
31/03/20	£1,918	£5,192	£-3,274	£201	£75,495	£36,083	83.4	32
31/03/19	£224	£4,638	£-4,414	n/a	n/a	n/a	n/a	n/a
31/03/18	£1,691	£4,406	£-2,715	£109	£84,471	£44,942	122.4	27
31/03/17	£1,047	£4,524	£-3,477	£22	£48,293	£47,557	126.1	25
31/03/16	£1,908	£3,576	£-1,667	£84	£46,660	£45,942	154.2	20
31/03/15	£1,255	£3,232	£-1,977	£174	£50,103	£50,103	186	16
31/03/14	£1,729	£2,886	£-1,156	£128	£47,700	£47,700	198.4	15
31/03/13	£1,634	£2,849	£-1,216	£88	£46,566	£46,566	196.1	12
31/03/12	£1,470	£2,517	£-1,047	£137	£44,328	£44,328	211.3	11
31/03/11	£1,490	£2,570	£-1,080	£110	£45,003	£45,003	210.1	8
31/03/10	£1,656	£1,957	£-302	£78	£43,893	£43,893	269.1	7
31/03/09	£1,341	£1,943	£-603	£64	£35,335	£35,335	218.2	6
31/03/08	£2,450	£1,573	£878	£51	£41,694	£41,694	318.2	5
31/03/07	£2,858	£1,285	£1,573	£119	£44,757	£44,757	417.8	5
31/03/06	£2,102	£1,539	£563	£0	£0	£0	n/a	0
31/03/05	£1,674	£1,528	£146	£0	£0	£0	n/a	0
31/03/04	£1,640	£1,619	£20	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 94.9%
Fundraising Costs/Total Spending: 10.3%
Senior Staff Costs/Total Spending: 11%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 4%
Liabilities/Income: 192%
Unrestricted Funds/Total Funds: 41%
Reserves/Spending: 80.8 months
Net Current Assets/Spending: -6 months
Quick Ratio: 0.2

Asset Split ?

Established: 62 years
(140 years as a company)

www.bwcharity.org.uk

info@bwcharity.org.uk

02038738535

Charity Commission for England and Wales

Tweets

Listed activities

Disability
Education/Training
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Provide financial or material assistance

How it operates

Makes Grants to Individuals
Other charitable activities
Provides advocacy/advice/information

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 40-66

BEVERLEY HORLER Appointed: 2016, Occupation: Retired Senior Executive Banker

DUNCAN ALLAN DOUGLAS STEWART Appointed: 2020, Occupation: Retired Banker

LILLIAN BOYLE Appointed: 2011, Occupation: Lawyer & Non Executive Director

LENA BREEN Appointed: 2015, Occupation: Head Of External Reporting

MARCO EVANS Appointed: 2020, Occupation: Senior Client Portfolio Manager

RACHEL CLARINGBOLD Appointed: 2012, Occupation: Banker

SHARON MIDWINTER Appointed: 2023, Occupation: Wellbeing And Benefits Lead

SUZANNE HUGHES Appointed: 2017, Occupation: Hr Director

TONY RAMOS (Chair), Occupation: Bank Manager

Legal constitution

Charitable company registered in England & Wales on 21/03/1962, number: 313080
Registered at Companies House on 30/01/1884, number: 00019366

Gift Aid

Registered with HMRC for Gift Aid

Event History

Linked charity: OWEN MORRIS OWEN BEQUEST
26/06/2013 - Asset transfer in from HSBC BANK (UK) PENSIONERS' ASSOCIATION BENEVOLENT FUND
24/10/2018 - Asset transfer in from BARCLAYS OVERSEAS BENEVOLENT FUND

Policies in force

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
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; all on time

Main office

Bank Workers Charity
Suite 686-695
Salisbury House
Finsbury Circus
LONDON
EC2M 5QQ

Objectives

THE CHARITY’S OBJECTS ARE:1.1 THE PREVENTION AND RELIEF OF POVERTY AMONGST BANK EMPLOYEES, THEIR FAMILIES, CHILDREN AND DEPENDENTS.1.2 THE ADVANCEMENT OF HEALTH AMONGST BANK EMPLOYEES, THEIR FAMILIES, CHILDREN AND DEPENDENTS.1.3 THE ADVANCEMENT OF EDUCATION AMONGST THE CHILDREN OF BANK EMPLOYEES;1.4 FOR THE PURPOSES OF THESE OBJECTS1.4.1 “BANK EMPLOYEE” MEANS ANY PERSON, WHETHER RESIDENT IN THE UK OR ELSEWHERE, WHO:(A) HAS AT ANY TIME BEEN IN BANK EMPLOYMENT, OR(B) IS THE SPOUSE, PARTNER OR CO-HABITEE OF A PERSON WHO HAS AT ANY TIME BEEN IN BANK EMPLOYMENT.1.4.2 “BANK EMPLOYMENT” MEANS THE EMPLOYMENT BY OR THE PROVISION OF SERVICES TO ANY ORGANISATION (INCLUDING COMPANY, FIRM, INDIVIDUAL OR OTHER ORGANISATION) WHICH IS ENGAGED IN BANKING OR SIMILAR SERVICES IN THE UNITED KINGDOM (WHETHER OR NOT SUCH EMPLOYMENT OR PROVISION OF SERVICES IS IN THE UNITED KINGDOM) OR ANY INSTITUTION IN ANY PART OF THE WORLD WHICH IS WHOLLY OWNED BY, PART OF THE SAME GROUP OF COMPANIES AS OR OTHERWISE SPECIALLY CONNECTED TO SUCH ORGANISATION.1.4.3 “CHILD” OR “CHILDREN” INCLUDE NATURAL CHILDREN, STEP CHILDREN OR ADOPTED CHILDREN AND DEPENDENTS AND THEIR CHILDREN.1.4.4 “UNITED KINGDOM” MEANS THE UNITED KINGDOM, NORTHERN IRELAND, THE ISLE OF MAN OR THE CHANNEL ISLANDS AS THE CONTEXT REQUIRES.

Defined Area of Benefit:

NOT DEFINED

Data Sources