Finance Score: 2

Governance Score: 5

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Reasonable growth: +1
Fundraising costs low: +3

No conflicts policy: -1
Good trustee age range: +3
Dynamic board: +3

No supporters identified

Overall GiG Score: 7

THE CORDWAINERS EDUCATIONAL AND TRAINING CHARITABLE TRUST COMPANY

The Charity was established for the provision of accommodation for individuals undergoing vocational and educational and training, and for the creation of scholarships, bursaries, prizes and the support of education and training through grants and awards. The charity owns property in Cordwainers Court, London E8 3RE and provides student accommodation at these premises.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £4,352,897 available, equivalent to 67 months of spending and so may not be able to utilise additional funding

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
31/07/23	£906	£782	£124	£0	£4,353	£4,353	66.8	3
31/07/22	£837	£716	£122	£0	£4,243	£4,243	71.1	1
31/07/21	£666	£634	£32	£0	£4,132	£4,132	78.2	1
31/07/20	£595	£589	£6	£0	£4,040	£4,040	82.3	1
31/07/19	£743	£529	£214	£0	£4,049	£4,049	91.9	1
31/07/18	£717	£453	£264	£0	£3,834	£3,834	101.5	1
31/07/17	£643	£481	£162	£0	£3,570	£3,570	89.1	1
31/07/16	£692	£399	£293	£0	£3,408	£3,408	102.6	1
31/07/15	£681	£380	£301	£108	£3,115	£3,115	98.4	1
31/07/14	£651	£354	£297	£90	£2,813	£2,813	95.3	1
31/07/13	£528	£332	£196	£92	£2,517	£2,517	91	1
31/07/12	£514	£307	£207	£72	£2,320	£2,320	90.7	1
31/07/11	£478	£287	£192	£0	£0	£0	n/a	0
31/07/10	£454	£265	£188	£0	£0	£0	n/a	0
31/07/09	£416	£240	£175	£0	£0	£0	n/a	0
31/07/08	£411	£267	£144	£0	£0	£0	n/a	0
31/07/07	£377	£233	£144	£0	£0	£0	n/a	0
31/07/06	£378	£237	£141	£0	£0	£0	n/a	0
31/07/05	£351	£234	£116	£0	£0	£0	n/a	0
31/07/04	£342	£296	£46	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.3%
Fundraising Costs/Total Spending: 0.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 66.8 months
Net Current Assets/Spending: 16 months
Quick Ratio: 8.8

Asset Split ?

Established: 29 years

www.cordwainers.org

charity@cordwainers.org

02079291121

Charity Commission for England and Wales

Tweets

Listed activities

Accommodation/Housing
Education/Training

GiG Classification

Technical, vocational and continuing education

How it operates

Makes Grants to Organisations
Provides buildings/facilities/open space
Provides services

Where it operates

Hackney,

Who it helps

Children/Young People
Other Defined Groups

Who works here?

3 employees

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: 45-80

EDWARD CHARLES FAIRWEATHER Appointed: 2020, Occupation: Property Director

RICHARD OWEN MANDER WILLIAMS Appointed: 2021, Occupation: Retired

SALLY ANN CHILDS Appointed: 2020, Occupation: Interior Designer

ANDREW BERTRAM NEWCOMB PEAL Appointed: 2023, Occupation: Company Director, Other trusteeships: EMILY FRANCES JACKSON BEQUEST, THE CORDWAINERS' COMPANY COMMON INVESTMENT FUND, MINGE'S GIFT,

ARTHUR CHAMBERLAIN Appointed: 2016, Occupation: Corporate Banker, Other trusteeship: The Royal Free London Nurses and Midwives Trust,

CHARLES PHILIP FAIRWEATHER Appointed: 2017, Occupation: Company Director, Other trusteeships: THE ROYAL PHILHARMONIC ORCHESTRA TRUST, THE CHARLES FAIRWEATHER CHARITABLE TRUST,

JONATHAN DAVID IAN CHURCH Appointed: 2022, Occupation: Company Director, Other trusteeships: EMILY FRANCES JACKSON BEQUEST, THE CORDWAINERS' COMPANY COMMON INVESTMENT FUND, MINGE'S GIFT,

JUDITH HELEN MILLIDGE Appointed: 2021, Occupation: Editor, Other trusteeship: POTTERSPURY RECREATION GROUND,

GEORGE CHARLES ROBIN BOOTH Appointed: 2019, Occupation: Chartered Accountant, Other trusteeship: THE CHARLIE WALLER TRUST,

Legal constitution

Charitable company registered in England & Wales on 27/10/1995, number: 1050213
Registered at Companies House on 06/09/1995, number: 03100993

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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
Volunteer management

Filing Record

20 returns made; all on time

Main office

The Cordwainers Company
Saddlers' House
Gutter Lane
London
EC2V 6BR

Objectives

THE PROMOTION OF EDUCATION AND IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING:- 1.THE PROVISION OF ACCOMMODATION FOR INDIVIDUALS UNDERGOING VOCATIONAL AND EDUCATIONAL TRAINING. 11.THE CREATION OF SCHOLARSHIPS, BURSARIES, PRIZES AND THE SUPPORT OF EDUCATION AND TRAINING THROUGH GRANTS AND AWARDS.

Defined Area of Benefit:

HACKNEY

Data Sources