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The Association was founded in 1904 on the amalgamation of the Drovers' Benevolent Institution (founded in 1844) and the London Meat Traders' Benevolent Association (founded 1902). Until 1924 aid was restricted to drovers or persons of the London meat trade who had contributed to the funds. In 1924 and 1928 the rules were changed to cover any member of the meat trade. The aim was then to assist aged, sick and poor persons who had worked in any capacity in the meat trade. Increasingly this took the form of help with the costs of nursing homes. The former Drovers' almshouses at Islington were increasingly rented out to the benefit of the Charity. In 1950 the Association invested £3000 into the new retirement home in Warham Grange, Croydon,which gave them the right to nominate four individuals for the home.
The Association used either Butchers' Hall or Clifford's Inn for its meetings. In 1986 it merged with the Butchers' Charitable Institution to form the Butchers' and Drovers' Charitable Institution.