Finance Score: -4

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Multiple Deficits: -2

Dynamic board: +3
Gender balanced board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 5

BOROUGH MARKET (SOUTHWARK)

To provide a market as a public amenity for the benefit of the public. The Borough Market Trust is committed to playing a leading role in the debate and education about food and its impact on society and public health, and will continue to provide only those foods which meet our standards of nutrition, freshness and taste quality and demonstrate environmental sustainability in their production.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
Spending has increased over the last 3 years relative to the previous period, despite a decline more recently
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £59,352,205 available, equivalent to 104 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been 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		£7,353	£6,866	£487	£0	£95,652	£59,352	103.7	37
31/03/22		£6,623	£7,034	£-411	£0	£94,804	£58,504	99.8	37
31/03/21		£5,817	£6,131	£-314	£0	£88,849	£54,676	107	42
31/03/20	*	£7,103	£7,006	£97	£692	£90,621	£55,202	94.6	43
31/03/19		£6,190	£6,077	£112	£482	£96,325	£58,908	116.3	41
31/03/18		£5,429	£5,724	£-295	£0	£85,309	£48,809	102.3	32
31/03/17	*	£4,933	£4,870	£62	£0	£83,376	£48,526	119.6	28
31/03/16		£6,231	£4,317	£1,914	£0	£36,637	£31,590	87.8	26
31/03/15		£4,111	£4,030	£81	£22	£35,165	£1,340	4	28
31/03/14		£3,637	£3,540	£97	£11	£35,084	£196	0.7	26
31/03/13		£3,421	£3,143	£278	£-79	£34,987	£28,783	109.9	24
31/03/12		£3,070	£3,051	£19	£173	£34,514	£7,617	30	20
31/03/11		£2,650	£2,671	£-22	£51	£18,965	£4,852	21.8	17
31/03/10	*	£2,800	£2,807	£-7	£41	£18,963	£11,787	50.4	10
31/03/09		£3,272	£2,499	£773	£4	£19,596	£12,309	59.1	13
31/03/08	*	£2,629	£2,030	£598	£14	£18,927	£11,528	68.1	13
31/03/07	*	£2,128	£1,659	£469	£124	£18,544	£11,520	83.3	13
31/03/06	*	£2,153	£1,586	£567	£0	£0	£0	n/a	0
31/03/05		£1,336	£1,743	£-407	£0	£0	£0	n/a	0
31/03/04	*	£2,308	£1,469	£839	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 13.5%
Fundraising Costs/Total Spending: 7.4%
Senior Staff Costs/Total Spending: 10%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 6%
Liabilities/Income: 79%
Unrestricted Funds/Total Funds: 62%
Reserves/Spending: 103.7 months
Net Current Assets/Spending: 6 months
Quick Ratio: 0.9

Asset Split ?

Established: 25 years

www.boroughmarket.org.uk

info@boroughmarket.org.uk

02074071002

Charity Commission for England and Wales

Tweets

Listed activities

Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
Other Charitable Purposes
The Advancement Of Health Or Saving Of Lives

GiG Classification

Other facilities management and maintenance

How it operates

Other charitable activities
Provides advocacy/advice/information
Provides buildings/facilities/open space

Where it operates

Southwark,

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups
The General Public/Mankind

Who works here?

37 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Greater London Authority - Grant to Borough Market
£5,000	02/07/2015	To fund the Urban Food Awards, 24 September 2015

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Based on 9/10 persons

DANNY HOMAN Appointed: 2021

DAISY DUNLOP Appointed: 2020

ERICA SIBREE Appointed: 2020

EVA GEORGE Appointed: 2021

MICHELLE LAM Appointed: 2022

SHAWN ANDERSON Appointed: 2020

TIM COCHRANE Appointed: 2021

ADRIAN DHARSHAN BENEDICT Appointed: 2024, Other trusteeship: ST JOHN FISHER SCHOOL GOVERNORS' FUND,

CLAIRE PRITCHARD Appointed: 2016, Other trusteeships: MERIDIAN LINK (LTD BY GUARANTEE), MULGRAVE COMMUNITY LEARNING HUB,

SHANE HOLLAND (Chair) Appointed: 2020, Occupation: Ceo, Other trusteeship: UNITED ST SAVIOUR'S CHARITY,

Legal constitution

Charity registered in England & Wales on 06/08/1999, number: 1076940

Gift Aid

NOT registered with HMRC for Gift Aid

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
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; AR20: 1 days late, AR17: 1 days late, AR10: 109 days late, AR08: 1 days late, AR07: 2 days late, AR06: 99 days late, AR04: 367 days late,

Main office

8 SOUTHWARK STREET
LONDON
SE1 1TL

Objectives

THE PROVISION OF A MARKET AS A PUBLIC AMENITY FOR THE BENEFIT OF THE PUBLIC AND THE RELIEF OF THE RATES FOR THE BENEFIT OF THE INHABITANTS OF THE PARISH OF ST SAVIOURS, SOUTHWARK

Defined Area of Benefit:

LONDON BOROUGH OF SOUTHWARK.

Data Sources