Finance Score: 3

Governance Score: 1

Support Score: 0

Liabilities <10%: +3
Excess reserves: -4
Large legacies income: +1
Accounts filed more than 5 days late: -2 times
Strong growth: +2
Fundraising costs low: +3

12+ Trustees: -1
Dynamic board: +3
Mainly male board: -1

No supporters identified

Overall GiG Score: 4

CLIFTON COLLEGE ENDOWMENT FUND

Provision of scholarships, educational grants and bursaries and other grants for the benefit of or in connection with Clifton College.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
This charity has received considerable income from legacies in recent years
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 14 trustees whereas the Charities Commission recommends a maximum of 12
The Board is predominantly male

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £842,461 available, equivalent to 50 months of spending and so may not be able to utilise additional funding
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

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	Volun- teers
31/12/22		£657	£202	£455	£0	£5,733	£842	50	0	0
31/12/21		£376	£196	£180	n/a	n/a	n/a	n/a	n/a	0
31/12/20	*	£176	£164	£11	n/a	n/a	n/a	n/a	n/a	0
31/12/19	*	£315	£134	£182	n/a	n/a	n/a	n/a	n/a	13
31/12/18		£110	£33	£77	£0	£0	£0	n/a	0	0
31/12/17		£97	£31	£66	£0	£0	£0	n/a	0	0
31/12/16		£82	£27	£55	£0	£0	£0	n/a	0	0
31/12/15		£65	£27	£38	£0	£0	£0	n/a	0	0
31/12/14		£71	£25	£46	£0	£0	£0	n/a	0	0
31/12/13		£79	£23	£56	£0	£0	£0	n/a	0	0
31/12/12		£77	£23	£54	£0	£0	£0	n/a	0	0
31/12/11		£163	£105	£58	£0	£0	£0	n/a	0	0
31/12/10		£94	£97	£-2	£0	£0	£0	n/a	0	0
31/12/09		£122	£130	£-8	£0	£0	£0	n/a	0	0
31/12/08		£86	£104	£-18	£0	£0	£0	n/a	0	0
31/12/07		£82	£99	£-17	£0	£0	£0	n/a	0	0
31/12/06		£74	£95	£-21	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 6.7%
Fundraising Costs/Total Spending: 18.5%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 15%
Reserves/Spending: 50 months
Net Current Assets/Spending: 40 months
Quick Ratio: 17.4

Asset Split ?

Established: 18 years

http://oc-online.co.uk/

cliftoniansociety@cliftoncollege.com

01173157665

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Colleges and universities

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Bristol City,

Who it helps

Children/Young People

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

ALAN BAILEY Appointed: 2022

ALEXANDER TURCO Appointed: 2022

ANDREW RUDGE Appointed: 2022

BENJAMIN PHILIP PRESTON Appointed: 2022

GEORGE HARRIS Appointed: 2022

KATE VICTORIA HOLLAND-SMITH

MARK GRAHAM ELDRIDGE

MAJOR JEREMY DAWSON WALTERS Appointed: 2019

MATTHEW JOHN HOWARD-CAIRNS Appointed: 2015

RACHEL MORRIS Appointed: 2023

SEBASTIAN D L HOYLE Appointed: 2019

SIMON JOHN MILLINGTON REECE Appointed: 2022

JOHN FRANCOIS ALUN DAVIES Appointed: 2014, Other trusteeship: DOLPHIN SOCIETY,

JAMES ALISTAIR ISAACS Appointed: 2018, Occupation: Managing Director, Other trusteeship: THE DOWNS SCHOOL (CHARLTON HOUSE) LIMITED,

Legal constitution

Charity registered in England & Wales on 16/03/2006, number: 1113320

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

17 returns made; AR20: 148 days late, AR19: 769 days late,

Main office

32 COLLEGE ROAD
BRISTOL
BS8 3JH

Objectives

FOR THE BENEFIT OF OR IN CONNECTION WITH THE COLLEGE AS THE SOCIETY IN ITS ABSOLUTE DISCRETION ACTING BY ITS GENERAL COMMITTEE OR ITS EXECUTIVE COMMITTEE (AS THE CASE MAY BE) OR BY ANY PERSON OR PERSONS TO WHOM THE SOCIETY OR EITHER OF THE SAID COMMITTEES MAY DELEGATE ANY POWER IN THAT BEHALF OR ACTING OTHERWISE IN ACCORDANCE WITH THE RULES FOR THE TIME BEING OF THE SOCIETY SHALL FROM TIME TO TIME DIRECT PROVIDED ALWAYS THAT NO SUCH PAYMENT OR APPLICATION (EXCEPT BY WAY OF TEMPORARY ACCUMULATION OR PERMANENT ADDITION TO CAPITAL) SHALL BE MADE NOR SHALL ANY DEFINITE ALLOCATION OF ANY SUCH INCOME (EXCEPT FOR ANY ACCUMULATION OR ADDITION AS AFORESAID) BE ALTERED WITHOUT THE APPROVAL OF THE COUNCIL OF THE COLLEGE (HEREINAFTER CALLED THE COUNCIL)

Defined Area of Benefit:

CLIFTON COLLEGE

Data Sources