Finance Score: -2

Governance Score: 5

Support Score: 0

Deficit on unrestricted reserves: -2

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

No supporters identified

Overall GiG Score: 3

FACTORY TRUST

The Factory Trust was created to advance education and access to the arts for public benefit. With a focus on activities taking place within and connected to The Factory, a new Manchester theatre and arts venue. The Trust leads on the fundraising activities which underpin the capital needs of the new venue and the wider strategic efforts to deliver a new world class venue accessible to all.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
The Board appears to be well diversified in terms of age and gender

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity does not have a Conflict of Interests policy

Financial issues to consider:

There was a deficit on unrestricted reserves of £149,358 at the last year end after deducting the value of own use assets

Established: 4 years
(6 years as a company)

mif.co.uk/the-factory/

elspeth.gilfillan@factorytrust.co.uk

0161 234 4822

Charity Commission for England and Wales

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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
30/06/22		£1,052	£1,146	£-94	£86	£-149	£-149	-1.6	1	0
30/06/21		£0	£66	£-65	n/a	n/a	n/a	n/a	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 114%
Liabilities/Income: 114%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: -1.6 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.9

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science

How it operates

Makes Grants to Organisations

Where it operates

Manchester City,

Who it helps

The General Public/Mankind

Who works here?

1 employee

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 39-75

CHRISTOPHER JOHN WOODROOFE Appointed: 2024, Occupation: Managing Director, Other trusteeship: BLOOMSBURY MUSIC GROUP,

HENRI MURISON Appointed: 2021, Occupation: Director

IRENE HAMILTON Appointed: 2021, Occupation: Finance Director

MICHAEL JULIAN INGALL Appointed: 2017, Occupation: Chief Executive Officer

SANDRA MARTORELL Appointed: 2017, Occupation: Housewife

WARREN JAMES SMITH Appointed: 2018, Occupation: Retired, Other trusteeships: MANCHESTER GIRLS' INSTITUTE TRUST FUND, MANCHESTER MEMORIAL CHARITY,

SIR HOWARD BERNSTEIN Appointed: 2017, Occupation: Strategic Advisor, Other trusteeships: MANCHESTER INTERNATIONAL FESTIVAL, WE LOVE MANCHESTER EMERGENCY FUND, MANCHESTER MACCABI COMMUNITY AND SPORTS CLUB,

Legal constitution

Charitable company registered in England & Wales on 26/06/2020, number: 1190146
Registered at Companies House on 01/06/2017, number: 10798980

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

There are no Policies registered with the Charities Commission

Filing Record

2 returns made; all on time

Main office

FACTORY TRUST
AVIVA STUDIOS
WATER STREET
MANCHESTER
M3 4JQ

Objectives

1. TO ADVANCE EDUCATION IN THE ARTS FOR THE PUBLIC BENEFIT BY (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) THE PROVISION OF FINANCIAL AND OTHER FORMS OF SUPPORT TO ARTS ORGANISATIONS ACROSS GREATER MANCHESTER OPERATING ACTIVITIES AT THE FACTORY (A MANCHESTER THEATRE AND ARTS VENUE) AND ELSEWHERE ACROSS GREATER MANCHESTER;2. THE ADVANCEMENT OF SUCH OTHER PURPOSES THAT ARE CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND FOR THE PUBLIC BENEFIT AS MAY FROM TIME TO TIME BE DETERMINED BY THE TRUSTEES.

Data Sources