Finance Score: 5

Governance Score: -4

Support Score: 3

Liabilities <10%: +3
Excess liquidity: -1
Fundraising costs low: +3

Only 4 Trustees: -1
All male board: -3

Gov Income
Grant maker support: +3

Overall GiG Score: 4

MERCHANT TAYLORS' EDUCATIONAL TRUST

- the maintenance, improvement and support of Merchant Taylors' School;- the benefit of the said school or of all or any of the pupils attending the said school in any manner which is exclusively charitable;- the founding or support of schools of learning generally;- the advancement of education generally

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
There have been no income shortfalls in recent years
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
There are only 4 trustees
The Board is completely male

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income

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
31/08/22		£32,621	£30,606	£2,015	£664	£60,952	£49,650	19.5	0
31/08/21		£31,359	£28,642	£2,717	£406	£60,755	£48,699	20.4	0
31/08/20		£29,533	£27,766	£1,766	£518	£54,995	£45,845	19.8	0
31/08/19		£29,870	£28,116	£1,754	£530	£53,287	£42,733	18.2	0
31/08/18		£32,633	£26,577	£6,056	£539	£51,551	£40,853	18.4	0
31/08/17		£28,706	£25,861	£2,845	£320	£45,270	£38,339	17.8	425
31/08/16		£26,493	£24,075	£2,417	£386	£41,493	£36,004	17.9	423
31/08/15		£20,218	£18,767	£1,451	£445	£32,203	£27,265	17.4	282
31/08/14		£20,189	£18,616	£1,574	£419	£30,206	£25,440	16.4	286
31/08/13		£20,777	£18,468	£2,309	£381	£28,060	£23,370	15.2	293
31/08/12		£21,001	£18,013	£2,988	£408	£25,050	£20,668	13.8	298
31/08/11		£24,589	£16,660	£7,929	£524	£21,767	£17,609	12.7	309
31/08/10		£17,029	£16,011	£1,018	£368	£13,712	£9,836	7.4	306
31/08/09		£16,522	£15,799	£723	£329	£12,449	£9,021	6.9	291
31/08/08		£15,528	£14,692	£837	£508	£11,911	£8,497	6.9	288
31/08/07		£14,751	£13,583	£1,168	£300	£11,320	£7,637	6.7	278
31/08/06		£13,317	£12,832	£485	£0	£0	£0	n/a	0
31/08/05		£12,748	£12,009	£739	£0	£0	£0	n/a	0
31/08/04	*	£11,994	£11,138	£856	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.1%
Fundraising Costs/Total Spending: 2.2%
Highest pay band: Less than £60,000
Liabilities/Assets: 9%
Liabilities/Income: 20%
Unrestricted Funds/Total Funds: 81%
Reserves/Spending: 19.5 months
Net Current Assets/Spending: 2 months
Quick Ratio: 2

Asset Split ?

Established: 57 years

www.merchant-taylors.co.uk

charities@merchant-taylors.co.uk

02075622320

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Secondary schools

How it operates

Makes Grants to Organisations
Provides services

Where it operates

Throughout London,

Who it helps

Children/Young People

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Gender Split

CHRISTOPHER PETER HARE

JOHN AIDAN JOSEPH PRICE (Chair), Other trusteeship: THE DEBS PRICE FOUNDATION,

MARTIN ROBB Appointed: 2023, Other trusteeship: MERCHANT TAYLORS' 1413 CHARITY,

PETER HOWARD WATKINS Appointed: 2015, Other trusteeships: DUDLEY AND GEOFFREY COX CHARITABLE TRUST, THE WOGEN ANNIVERSARY TRUST, THE NORLAND FOUNDATION,

Legal constitution

Charity registered in England & Wales on 04/09/1967, number: 310018

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management

Filing Record

19 returns made; AR04: 25 days late,

Main office

Merchant Taylors Co
Merchant Taylors Hall
30 Threadneedle Street
LONDON
EC2R 8JB

Objectives

THE TRUST PROPERTY SHALL BE HELD AND APPLIED FOR OR TOWARDS OR FOR THE BENEFIT OR IN FURTHERANCE OF SUCH CHARITABLE PURPOSES CHARITABLE INSTITUTIONS OR CHARITABLE FOUNDATIONS (WHETHER EDUCATIONAL OR OTHERWISE) IN SUCH MANNER AND IN SUCH PROPORTIONS AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE AND BOTH CAPITAL AND INCOME WITHOUT DISTINCTION SHALL BE SO APPLICABLE. WITHOUT PREJUDICE TO THE GENERALITY OF THE PRIMARY TRUST DECLARED BY CLAUSE 5 HEREOF BUT SUBJECT AND WITHOUT PREJUDICE TO THE PROVISIONS OF CLAUSE 22 HEREOF THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR SELECTION OF PARTICULAR CHARITABLE PURPOSES TAKE INTO CONSIDERATION AND PAY SPECIAL REGARD TO THE FURTHERANCE OF THE FOLLOWING CHARITABLE OBJECTS OR PURPOSES (THAT IS TO SAY):- (A) THE ADVANCEMENT OF EDUCATION THROUGH THE SUPPORT TO THE MTET SCHOOLS (B) THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF SCHOLARSHIPS, BURSARIES, PRIZES OR OTHER AWARDS OR GRANTS TO PUPILS ATTENDING ANY OF THE MTET SCHOOLS WHO ARE IN NEED OF FINANCIAL ASSISTANCE (C) THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF SCHOLARSHIPS, PRIZES, MAINTENANCE ALLOWANCES OR GRANTS TO ANY FORMER PUPIL OF ANY OF THE MTET SCHOOLS TENABLE AT ANY UNIVERSITY, COLLEGE OF EDUCATION, OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND VOCATIONAL) EDUCATION. (D) THE FOUNDING OR PROVISION OF SCHOLARSHIPS FELLOWSHIPS LECTURESHIPS AND PRIZES IN CONNECTION WITH ANY SCHOOL UNIVERSITY OR OTHER EDUCATIONAL BODY THE REDUCTION OF SCHOOL OR UNIVERSITY FEES THE PROVISION OF FREE EDUCATION AND THE IMPROVEMENT OF SCHOOL OR UNIVERSITY AMENITIES. (E) THE ADVANCEMENT OF EDUCATION GENERALLY. (F) THE MAKING OF GIFTS OF MONEY OR OTHER PROPERTY IN THE FREE DISPOSITION OF THE TRUST TO OTHER BODIES HAVING OBJECTS SOLELY CHARITABLE (WHETHER OR NOT SUCH OBJECTS ARE SIMILAR TO ANY OF THE FOREGOING OBJECTS).

Defined Area of Benefit:

NOT DEFINED.

Data Sources