Finance Score: -6

Governance Score: 3

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Spending falling: -1
Volatile income: -3

Gender balanced board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 0

THE FOUNDATION OF EDWARD STOREY

Almshouse provision and grant making

Analysis by Giving is Great

Positives:

The charity has received Government grants and contracts
This charity has a robust balance sheet
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of gender

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £7,153,767 available, equivalent to 89 months of spending and so may not be able to utilise additional funding
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile recently

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
31/03/23	£1,222	£968	£253	£0	£20,268	£7,154	88.6	11	0
31/03/22	£1,158	£747	£410	£0	£20,851	£6,909	110.9	11	0
31/03/21	£1,421	£1,526	£-105	£0	£19,272	£6,354	50	33	0
31/03/20	£1,717	£1,559	£158	£0	£16,683	£5,801	44.6	37	7
31/03/19	£2,151	£1,539	£612	£0	£17,948	£5,975	46.6	36	7
31/03/18	£1,601	£1,435	£165	£0	£16,983	£5,652	47.3	36	0
31/03/17?	£2,374	£2,450	£-76	£0	£16,718	£5,449	26.7	37	0
30/09/15	£1,545	£1,447	£97	£10	£14,951	£5,134	42.6	37	0
30/09/14	£1,443	£1,427	£16	£7	£14,524	£5,095	42.8	37	0
30/09/13	£1,439	£1,441	£-2	£7	£13,881	£4,824	40.2	37	0
30/09/12	£1,360	£1,354	£6	£7	£13,166	£4,364	38.7	37	0
30/09/11	£1,337	£1,248	£89	£10	£12,416	£4,188	40.3	34	0
30/09/10	£1,222	£1,347	£-125	£10	£12,615	£4,109	36.6	34	0
30/09/09	£2,308	£1,152	£1,157	£19	£11,965	£4,076	42.5	36	0
30/09/08	£1,181	£1,155	£25	£25	£11,329	£3,763	39.1	33	0
30/09/07	£1,165	£955	£210	£9	£13,828	£4,014	50.4	29	0
30/09/06	£1,040	£974	£66	£0	£0	£0	n/a	0	0
30/09/05	£922	£833	£89	£0	£0	£0	n/a	0	0
30/09/04	£904	£881	£23	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 1%
Liabilities/Income: 11%
Unrestricted Funds/Total Funds: 35%
Reserves/Spending: 88.6 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.5

Asset Split ?

Established: 62 years

www.edwardstorey.org.uk

INFO@EDWARDSTOREY.ORG.UK

01223364405

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
The Prevention Or Relief Of Poverty

GiG Classification

Services for females

How it operates

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

Where it operates

Throughout England And Wales,

Who it helps

Elderly/Old People
Other Defined Groups

Who works here?

11 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

CAROL LYON Appointed: 2018

DR ANTONY WARREN (Chair) Appointed: 2014

HELEN RUTH BOND Appointed: 2019

MARTIN PIERCE Appointed: 2023

PATRICIA GAIL CLYNE CERT ED

RICHARD NEWMAN Appointed: 2021

SUE YOUNG

MRS J WOMACK, Other trusteeships: The Friends of Michaelhouse Limited, THE PCC OF THE ECCLESIASTICAL PARISH OF CAMBRIDGE ST MARY THE GREAT WITH ST MICHAEL,

Legal constitution

Charity registered in England & Wales on 30/04/1962, number: 203653

Gift Aid

Registered with HMRC for Gift Aid

Event History

07/10/2014 - Asset transfer in from ANN MARKHAM
07/10/2014 - Asset transfer in from CHARITY OF WILLIAM DOBBS
26/01/2019 - Asset transfer in from NEWTON'S TRUST

Other Regulators

Care Quality Commission

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
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

19 returns made; all on time

Main office

Foundation Of Edward Storey
Storeys House
Mount Pleasant
CAMBRIDGE
CB3 0BZ

Objectives

(A) THE PROVISION OF HOUSING ACCOMMODATION FOR BENEFICIARIES, WITH THE FOLLOWING DISTINCTIONS:(I) THE PROPERTIES NUMBERED 1 AND 2 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR CLERGY WIDOWS BENEFICIARIES; AND(II) THE PROPERTIES NUMBERED 3 AND 4 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR PARISH BENEFICIARIES; AND(III) THE PROPERTY NUMBERED 5 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR CHESTERTON BENEFICIARIES PROVIDED THAT IF IT IS NOT POSSIBLE TO FILL A VACANCY IN ANY OF THE HOMES WITH THE APPROPRIATE CLASS OF BENEFICIARY UNDER SUB-CLAUSES (I) AND (II) ABOVE, THE TRUSTEES MAY ALLOW SOMEONE WHO IS SUITABLY QUALIFIED AS A BENEFICIARY UNDER ONE OF THOSE SUB-CLAUSES TO BE ACCOMMODATED IN ANY OF THE PROPERTIES NUMBERED 1 TO 4 IN PART 1 OF THE SCHEDULE TO THIS SCHEME.(B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE;(C) THE RELIEF OF WOMEN RESIDENT IN CAMBRIDGESHIRE WHO ARE IN NEED, HARDSHIP OR DISTRESS;(D) THE RELIEF OF CLERGY WIDOWS BENEFICIARIES WHO ARE IN NEED, HARDSHIP OR DISTRESS.(2) THE LAND IDENTIFIED IN PART 1 OF THE SCHEDULE TO THIS SCHEME OR ANY REPLACEMENT LAND ACQUIRED BY WAY OF PURCHASE OR EXCHANGE MUST BE RETAINED BY THE TRUSTEES FOR USE FOR THE OBJECTS OF THE CHARITY FOR THOSE RESPECTIVE BENEFICIARIES, AS DESCRIBED IN CLAUSE 4(1)(A)(I), (II) AND (III).

Defined Area of Benefit:

CITY OF CAMBRIDGE

Data Sources