Finance Score: -5

Governance Score: 2

Support Score: 3

Low unrestricted reserves: -2
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -3

Dynamic board: +3
Mainly male board: -1

Gov Income
Grant maker support: +3

Overall GiG Score: 0

THE TRAIDCRAFT FOUNDATION

Traidcraft Foundation is the founder member of Traidcraft Exchange, and appoints the trustees of Traidcraft Exchange. It also holds the Guardian Share in Traidcraft plc, to enable it to protect the vision and mission of that organisation.

Analysis by Giving is Great

Positives:

The charity has received Government grants
There has been strong growth in spending over the last 5 years
The Board appears to be dynamic in terms of composition

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
Over half the Board have joined recently

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

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	*	£3,224	£4,354	£-1,131	£943	£937	£652	1.8	57	0
31/03/22		£4,244	£3,542	£702	£753	£2,069	£1,716	5.8	55	0
31/03/21		£3,825	£3,336	£489	£953	£1,357	£1,097	3.9	54	0
31/03/20		£3,090	£3,376	£-286	£679	£927	£817	2.9	54	0
31/03/19		£3,183	£3,201	£-18	£588	£1,201	£1,099	4.1	53	1
31/03/18		£2	£2	£0	£0	£0	£0	n/a	0	0
31/03/17		£4	£4	£0	£0	£0	£0	n/a	0	0
31/03/16	*	£4	£4	£0	£0	£0	£0	n/a	0	0
31/03/15		£4	£4	£0	£0	£0	£0	n/a	0	0
31/03/14		£6	£4	£2	£0	£0	£0	n/a	0	0
31/03/13		£5	£5	£0	£0	£0	£0	n/a	0	0
31/03/12		£4	£4	£0	£0	£0	£0	n/a	0	0
31/03/11		£4	£4	£0	£0	£0	£0	n/a	0	0
31/03/10		£4	£6	£-2	£0	£0	£0	n/a	0	0
31/03/09		£4	£2	£2	£0	£0	£0	n/a	0	0
31/03/08	*	£4	£2	£2	£0	£0	£0	n/a	0	0
31/03/07		£234	£231	£3	£0	£0	£0	n/a	0	0
31/03/06	*	£353	£355	£-2	£0	£0	£0	n/a	0	0
31/03/05	*	£377	£377	£0	£0	£0	£0	n/a	0	0
31/03/04		£340	£348	£-8	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 29.2%
Fundraising Costs/Total Spending: 21.6%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 53%
Liabilities/Income: 33%
Unrestricted Funds/Total Funds: 70%
Reserves/Spending: 1.8 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.5

Asset Split ?

Established: 38 years

www.traidcraft.co.uk

charlotte.timson@traidcraft.org

02037525717

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

International poverty relief

How it operates

Acts as an umbrella or resource body
Makes Grants to Organisations

Where it operates

North Tyneside,

Who it helps

The General Public/Mankind

Who works here?

57 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees:

ALISON MARGARET COUTTS Appointed: 2024

CLIVE OSMOND Appointed: 2024

STEPHEN BONNICK Appointed: 2024, Occupation: Company Managing Director

THE RT HON SIR STEPHEN TIMMS MP (Chair) Appointed: 2011, Other trusteeship: PARLIAMENTARY CHRISTIAN TRUST,

JEREMY LEFROY Appointed: 2021, Occupation: Member Of Parliament, Other trusteeships: TANZANIA DEVELOPMENT TRUST, Global Coalition for Youth Employment, THE DONALD MACKAY TRUST, THE YARLET TRUST, THE MYCRO TRUST, Community Foundation for Staffordshire and Shropshire, THE BUCKE COLLINS CHARITABLE SETTLEMENT, CONCORDIS INTERNATIONAL TRUST, THE RELATIONSHIPS FOUNDATION, CAFE AFRICA TRUST, IVCC, STAFFORD WORKS, FRIENDS OF THE GUILDHALL, NEWCASTLE UNDER LYME, STAFFORD AND DISTRICT CARERS HOLIDAY TRUST, STAFFORDSHIRE HISTORY DEVELOPMENT TRUST,

Legal constitution

Charity registered in England & Wales on 14/10/1986, number: 294953

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
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR23: 99 days late, AR16: 32 days late, AR08: 227 days late, AR06: 2 days late, AR05: 1 days late,

Main office

Traidcraft Exchange
Turners Building
7-15 Pink Lane
NEWCASTLE UPON TYNE
NE1 5DW

Objectives

THE OBJECTS OF THE TRUST ARE AS FOLLOWS:- (1) THE PREVENTION AND RELIEF OF POVERTY AND SICKNESS IN THOSE COUNTRIES DEFINED AS DEVELOPING COUNTRIES IN ACCORDANCE WITH CLAUSE 14.3 OF THE DEED DATED 3RD DECEMBER 2002 (THEREIN AND HEREINAFTER CALLED DEVELOPING COUNTRIES). (2) THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF STUDIES IN THEOLOGICAL, POLITICAL, SOCIAL, TECHNICAL AND ECONOMIC SUBJECTS AND OTHER EDUCATIONAL SUBJECTS (3) THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF EDUCATION AND DISSEMINATION OF KNOWLEDGE IN THESE SUBJECTS WITH PARTICULAR (BUT NOT EXCLUSIVE) REFERENCE TO THE PROBLEMS OF ECONOMIC AND SOCIAL DEVELOPMENT IN DEVELOPING COUNTRIES ARISING FROM NATIONAL AND INTERNATIONAL TRADING PRACTICES (4) THE ADVANCEMENT OF THE CHRISTIAN RELIGION BY COMMENDING THAT RELIGION TO PERSONS IN DEVELOPING COUNTRIES AND ELSEWHERE (5) THE PROMOTION OF OTHER CHARITABLE PURPOSES IN DEVELOPING COUNTRIES (FOR FURTHER DETAILS SEE CLAUSE 1.5 OF DEED DATED 3 DECEMBER 2002).

Defined Area of Benefit:

NOT DEFINED

Data Sources