Finance Score: -3

Governance Score: 6

Support Score: 8

Excess reserves: -4
Multiple Deficits: -2
Fundraising costs low: +3

Good trustee age range: +3
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 11

THE SHOREDITCH TRUST

Promotion for the public benefit of urban regeneration in areas of social and economic deprivation, and in particular for the benefit of persons working in or residing in the Shoreditch area of the London Borough of Hackney. To assist the charity deliver these activities the Trust wholly owns one training restaurants and provides affordable workspace.

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £6,442,577 available, equivalent to 46 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending

Established: 23 years

www.shoreditchtrust.org.uk

info@shoreditchtrust.org.uk

0207 033 8500

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
31/03/23		£1,745	£1,689	£56	£37	£6,443	£6,443	45.8	41	20
31/03/22		£1,681	£2,115	£-434	£10	£6,386	£6,386	36.2	41	50
31/03/21		£1,915	£2,014	£-99	£24	£6,821	£6,776	40.4	38	190
31/03/20		£1,918	£2,407	£-489	£13	£6,920	£6,920	34.5	44	50
31/03/19		£1,760	£2,202	£-443	£6	£7,409	£7,409	40.4	42	50
31/03/18		£2,202	£2,153	£49	£27	£7,852	£7,852	43.8	42	0
31/03/17		£2,169	£2,547	£-378	£31	£7,802	£7,802	36.8	42	0
31/03/16		£4,091	£2,567	£1,523	£118	£7,624	£7,624	35.6	64	0
31/03/15		£3,753	£2,239	£1,514	£184	£6,822	£1,188	6.4	33	0
31/03/14		£1,846	£2,450	£-605	£109	£5,308	£4,796	23.5	31	0
31/03/13		£2,324	£2,440	£-116	£119	£5,913	£793	3.9	38	0
31/03/12		£2,604	£3,281	£-677	£167	£6,028	£462	1.7	45	0
31/03/11	*	£3,155	£4,391	£-1,237	£335	£6,665	£283	0.8	38	0
31/03/10		£5,964	£6,704	£-740	£10	£7,410	£557	1	51	0
31/03/09		£10,266	£9,306	£960	£0	£0	£0	n/a	0	0
31/03/08	*	£13,289	£11,356	£1,933	£145	£9,023	£192	0.2	81	0
31/03/07	*	£9,324	£7,812	£1,512	£81	£6,767	£201	0.3	47	0
31/03/06	*	£11,625	£11,056	£569	£0	£0	£0	n/a	0	0
31/03/05	*	£5,058	£4,879	£178	£0	£0	£0	n/a	0	0
31/03/04	*	£6,192	£4,833	£1,359	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.4%
Fundraising Costs/Total Spending: 2.2%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 21%
Liabilities/Income: 97%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 45.8 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Disability
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Hackney,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who works here?

41 employees
20 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Greater London Authority	£149,994
Hackney Council	£105,025
The Leathersellers' Company Charitable Fund	£95,000
DCMS	£65,788

Specific Donations

Amount	When Months	To be used for
The Leathersellers' Company Charitable Fund - Grant to Shoreditch Trust
£15,000	12/12/2022	Cost of Living Unrestricted Core Costs
Hackney Council - Grant to The Shoreditch Trust
£17,500	13/10/2022	Providing social welfare advice in the Shoreditch area.
The Leathersellers' Company Charitable Fund - Grant to Shoreditch Trust
£80,000	09/03/2022	Main Grant Unrestricted Core Costs
Hackney Council - Grant to The Shoreditch Trust
£53,615	12/11/2020 8	CEV funding 4 wards
Hackney Council - Grant to The Shoreditch Trust
£27,900	12/11/2020 3	T&T: South Hackney Food Consortium - Led by Shoreditch Trust, Hackney City Farm, Round Chapel, Made in Hackney, SkyWay and the Feel-Good Community CIC will partner to respond to food referrals in ....more T&T: South Hackney Food Consortium - Led by Shoreditch Trust, Hackney City Farm, Round Chapel, Made in Hackney, SkyWay and the Feel-Good Community CIC will partner to respond to food referrals in South Hackney wards.
The London Community Foundation - Grant to Shoreditch Trust
£10,000	16/10/2020 11	The funding supports the delivery of 'Community Table'; a programme delivering nutritious cooked meals to vulnerable community members. Funding enables the adaption of our business model; meeting ....more The funding supports the delivery of 'Community Table'; a programme delivering nutritious cooked meals to vulnerable community members. Funding enables the adaption of our business model; meeting crisis need in the community and the continuation of our chef training programme for NEET young people in Waterhouse, our social enterprise restaurant
Hackney Council - Grant to The Shoreditch Trust
£6,010	10/09/2020 3	DEFRA: ST seeks funding for our emergency food programme. We are delivering cooked food and essentials to Hackney residents who are seriously unwell, lacking social support and/or access to safe ....more DEFRA: ST seeks funding for our emergency food programme. We are delivering cooked food and essentials to Hackney residents who are seriously unwell, lacking social support and/or access to safe cooking facilities.
DCMS - Coronavirus Community Support Fund
£65,788	17/07/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
City Bridge Trust - Grant to Shoreditch Trust
£4,995	24/04/2020	A grant of £4,995 to fund the essential and urgent costs outlined in the application, so that the organisation can carry on providing support to Londoners.
Greater London Authority - Shoreditch Trust
£149,994	01/01/2020	Positive activities for young people involved in crime or at risk of crime or exclusion
Nesta - AC00825
£15,000	25/09/2018 2	Good Help programme grant to The Shoreditch Trust Grant Ref AC00825
Nesta - AC00339
£150,000	22/04/2013	Innovation in Giving programme grant to The Shoreditch Trust Grant Ref AC00339
Nesta - AC00224
£145,000	08/02/2012	Innovation in Giving programme grant to The Shoreditch Trust Grant Ref AC00224

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 43-71

ALICE SAMPSON Appointed: 2019, Occupation: University Researcher

ANDREW CHARLES WAUGH Appointed: 2016, Occupation: Architecture

ANDREW JONES Appointed: 2018, Occupation: Minister Of Religion, Other trusteeship: GCH COMMUNITY,

ANDY WILEY Appointed: 2021, Occupation: Banker

CAROLE WILLIAMS Appointed: 2022, Occupation: Councillor

DR JESSICA DOROTHY JONES-NIELSEN Appointed: 2020, Occupation: Academic Psychologist

DR JONATHON TOMLINSON Appointed: 2015, Occupation: Doctor, Other trusteeship: CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI),

DR LUCY CARTER Appointed: 2020, Occupation: Gp

JEREMY MARK GARDNER Appointed: 2015, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 30/05/2001, number: 1086812
Registered at Companies House on 09/12/1999, number: 03894363

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management 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
Volunteer management

Filing Record

20 returns made; AR11: 135 days late, AR08: 1 days late, AR07: 1 days late, AR06: 150 days late, AR05: 12 days late, AR04: 80 days late,

Recent reorganisation events:

Asset transfer in from SENIORS HEALTH AND ACTIVE RETIREMENT PROJECT on 08/02/2024

Main office

Shoreditch Trust Ltd
12 Orsman Road
London
N1 5QJ

Objectives

THE PROMOTION OF SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS OF AND PERSONS WORKING IN OR RESORTING TO SHOREDITCH, HACKNEY AND GREATER LONDON INCLUDING IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING):- 1 THE RELIEF OF POVERTY; 2 THE RELIEF OF UNEMPLOYMENT; 3 THE ADVANCEMENT OF EDUCATION TRAINING OR RETRAINING PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; 4 THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP: (I) IN SETTING UP THEIR OWN BUSINESS, OR (II) TO EXISTING BUSINESS; 5 THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS AND/OR LAND FOR USE ON FAVOURABLE TERMS; 6 THE CREATION OF ARTS AND CULTURE INITIATIVES TO STIMULATE SOCIAL INCLUSION PARTICULARLY AMONG YOUNG PEOPLE 7 THE PROVISION OF HOUSING FOR THOSE WHO ARE IN CONDITIONS OF NEED AND THE IMPROVEMENT OF HOUSING IN THE PUBLIC SECTOR OR IN CHARITABLE OWNERSHIP PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING; 8 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES; 9 THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE;10 THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE OR THOSE WHO BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES; 11 THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT; 12 THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE; 13 THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME; 14 SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES; BY SUCH CHARITABLE MEANS AS SHALL BE THOUGHT FIT.

Defined Area of Benefit:

SHOREDITCH, HACKNEY AND GREATER LONDON

Data Sources