Finance Score: 1

Governance Score: -1

Support Score: 0

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

Mainly male board: -1

No supporters identified

Overall GiG Score: 0

THE OLD HEREFORDIAN FUND CIO

Objects of the charity are to carry out the wishes of Arthur Zimmermann's bequest of his estate through the provision of grants to the Hereford Cathedral School.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
The Board is predominantly male

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £3,303,745 available, equivalent to 215 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	Volun- teers
05/04/23		£3,706	£184	£3,522	£1	£3,407	£3,304	215.1	0	0
05/04/22		£0	£0	£0	n/a	n/a	n/a	n/a	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 2.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 97%
Reserves/Spending: 215.1 months
Net Current Assets/Spending: 3 months
Quick Ratio: 17.7

Asset Split ?

Established: 3 years

Audit@thornewidgery.co.uk

01432276393

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Other facilities management and maintenance

How it operates

Makes Grants to Organisations
Provides buildings/facilities/open space

Where it operates

Herefordshire,

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees:

CLIVE ROGER POTTER Appointed: 2023

JOSEPH ADAM GOLDSMITH Appointed: 2023

NICHOLAS CRANFIELD BOLT Appointed: 2023

PETER HENRY WILLIAMS Appointed: 2023

RICHARD ANTHONY HAMMONDS Appointed: 2023

RICHARD JOHN BINNERSLEY Appointed: 2022

GRAHAM LESLIE KEMP Appointed: 2023, Other trusteeship: Winforton Unknown Donors Charity,

JONATHAN RICHARD SHELDON Appointed: 2023, Other trusteeships: HEREFORD CATHEDRAL SCHOOL, PHILPOTTS EDUCATIONAL FOUNDATION, HEREFORD CATHEDRAL SCHOOL GENERAL CHARITABLE TRUST, CHARITY SELECT UK EQUITY FUND,

DR LOUISE ANN SEAL Appointed: 2023, Occupation: Retired, Other trusteeship: THE HEREFORD SOCIETY FOR AIDING THE INDUSTRIOUS,

MARK ELLIS Appointed: 2023, Occupation: Proprietor, Other trusteeship: THE COPSE LEISURE TRUST,

Legal constitution

Charity registered in England & Wales on 27/01/2021, number: 1193285

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
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
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

2 returns made; all on time

Main office

Thorne Widgery
Wyevale Business Park
Wyevale Way
Stretton Sugwas
HEREFORD
HR4 7BS

Objectives

THE OBJECTS OF THE CIO ARE THE ADVANCEMENT OF EDUCATION BY MEANS OF THE PROMOTION OF THE EDUCATIONAL WORK AT AND THE PROVISION OF ASSISTANCE IN THE MAINTENANCE OF THE SITE AND PREMISES OF THE HEREFORD CATHEDRAL SCHOOL (HEREINAFTER CALLED THE SCHOOL) IN SUCH MANNER AS THE CHARITY TRUSTEES MAY IN THEIR DISCRETION FROM TIME TO TIME THINK FIT.

Data Sources