## Trustees’ Annual Report for the period
From 01/07/2024 Period start date To 30/06/2025 Period end date Charity name: BMOF CHARITABLE TRUST.
Charity registration number: 1200686
## Objectives and Activities
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are for the
advancement of education for the public
benefit in the history, evolution, science, art,
and culture of food by the operation of a
public museum.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and 1.19|During the reporting period, the charity
has continued its foundational work,
focusing on strategic partnerships and
securing funding to launch its first major
public exhibitions. Although financial
activity remained inactive during this
specific 12-month period (with £0 income
and £0 expenditure recorded), the
Trustees have been highly active behind
the scenes.
The primary focus has been on
developing the concept, securing a venue
partner, and applying for grant funding for
our inaugural multi-sensory exhibition,
"The Power of Honey: Food, Finance and
the Golden Age of Fraud." This
preparatory work is essential for setting up
the charity’s future operations and
ensuring we can deliver high-quality
educational and cultural services to the
public.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|As trustees of BMOF CHARITABLE
TRUST, we confirm that we have adhered
to the guidance as issued by the Charity
Commission on public benefit when
planning our future activities and
exhibitions.|
## Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## Achievements and Performance
SORP reference
|Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During this reporting period trustees and
executives have been highly active, the
charity has transitioned from early-stage
strategic development into active project
planning and fundraising. Key achievements
include:
Project Development and Venue
Partnership: We have successfully
developed the concept for our first major
exhibition, "The Power of Honey: Food,
Finance and the Golden Age of Fraud." We
have made significant progress in
establishing a partnership with The Bank of
England Museum to host this multi-sensory
exhibition, which will directly fulfil our
educational objects.
Post-Period Funding Success: While no
funds were received during the 2024–2025
financial year, the preparatory work
undertaken during this period directly
resulted in a major funding success shortly
after the period end. In March 2026, the
charity was formally awarded a £20,000
restricted grant from the City of London
Corporation’s Central Grants Programme
(Destination City Partnership Fund). This
grant is specifically designated to fund the
"Power of Honey" exhibition at The Bank of
England Museum.
Furthermore, our delivery partner has
secured an additional £50,000 in external
funding to support this event. This combined
funding demonstrates that the charity is now
moving into an active operational phase and
has successfully secured the resources
needed to deliver significant public benefit in
the upcoming year.|
|---|---|---|
Additional information (optional)
You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## Financial Review
|Review of the charity’s
financial position at the end
of the period|Para 1.21|As of the end of the reporting period
(30 June 2025), the charity remains in
a stable financial position, with no
financial transactions (£0 income, £0
expenditure) recorded during the year.
This reflects the charity's ongoing
development phase, where activities
were focused on planning and grant
applications rather than active trading
or fundraising.
However, as noted above, the charity
has successfully secured a £20,000
restricted grant from the City of London
Corporation subsequent to the year-
end. This funding will be reflected in
the accounts for the 2025–2026
financial period and provides the
necessary capital to commence our
charitable activities.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity has recently adopted a formal
Financial Reserves Policy. However, as
the charity has not yet commenced trading
or received unrestricted income, it
currently holds zero free reserves. The
Trustees intend to build a reserve fund
equivalent to 3 to 6 months of core
operating costs once regular unrestricted
income streams are established, to|
|||provide a buffer against unexpected
financial difficulties.|
|---|---|---|
|Amount of reserves held|Para 1.22|N/A|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties about the
charity continuing as a going concern. The
recent acquisition of grant funding ensures
the charity has the resources to deliver its
planned activities in the next financial
year.|
## Additional information (optional)
You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## Structure, Governance and Management
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|BMOF CIO Constitution|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation
(CIO)|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Apart from the first Trustees, every Trustee
must be appointed for a term of six years by
a resolution passed at a properly convened
meeting of the Trustees.
In selecting individuals for appointment as
Trustees, the Trustees must have regard to
the skills, knowledge and experience
needed for the effective administration of the
CIO.|
## Additional information (optional)
You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
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Other
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## Reference and Administrative details
|Charityname|BMOF Charitable Trust|
|---|---|
|Other name the charityuses||
|Registered charitynumber|1200686|
|Charity’s principal address|8 Glasshouse Yard, London, EC1A 4JN|
|||
Names of the charity trustees who manage the charity
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Trustee name Office (if any) Dates acted if not for Name of person (or body)
whole year entitled to appoint trustee
(if any)
1 Sam Bompas Chair
2 Anthony Treasurer
Hanson
3 Rob Jacob
4
5
6
7
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8 9 10 11 12 13 14 15 16 17 18 19 20
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
## Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
## Exemptions from disclosure
Reason for non-disclosure of key personnel details
## Other optional information
## Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
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Signature(s)
Full name(s)
Position (eg
Secretary, Chair, etc)
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Date
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