Finance Score: -3

Governance Score: 0

Support Score: 0

Excess reserves: -3
Strong growth: +2
Deficit latest year: -2

No supporters identified

Overall GiG Score: -3

CHARITY OF SIR RICHARD WHITTINGTON

1. The administration of two thriving almshouse communities for the elderly, one in London and one in Surrey, providing homes for nearly 100 individuals 2.Grant making, primarily for the relief of need and to support the elderly.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
This charity uses a corporate trustee

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £19,823,000 available, equivalent to 34 months of spending and so may not be able to utilise additional funding
Income was significantly lower than spending in the latest year

Established: 23 years

www.mercers.co.uk

info@mercers.co.uk

02077264991

Charity Commission for England and Wales

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	£4,153	£7,022	£-2,869	£12	£116,581	£19,823	33.9	0	130
31/03/22	£3,497	£7,141	£-3,644	£0	£123,451	£23,090	38.8	0	130
31/03/21	£3,882	£5,367	£-1,485	£0	£123,491	£25,968	58.1	0	87
31/03/20	£3,950	£4,672	£-722	£0	£104,036	£23,923	61.4	0	143
31/03/19	£3,948	£2,797	£1,151	£0	£112,628	£25,582	109.8	0	130
31/03/18	£3,606	£2,198	£1,408	£0	£110,032	£23,851	130.2	0	0
31/03/17	£3,210	£2,659	£551	£0	£105,619	£22,008	99.3	0	0
31/03/16	£2,971	£2,160	£811	£0	£93,721	£18,799	104.4	0	0
31/03/15	£2,639	£1,595	£1,044	£35	£95,576	£18,001	135.4	0	0
31/03/14	£2,615	£1,648	£967	£46	£85,165	£15,986	116.4	7	0
31/03/13	£2,784	£1,688	£1,096	£44	£78,433	£14,513	103.2	7	0
31/03/12	£3,870	£2,392	£1,478	£38	£69,207	£11,903	59.7	7	0
31/03/11	£3,695	£1,603	£2,092	£45	£67,082	£10,393	77.8	7	0
31/03/10	£3,972	£1,616	£2,356	£46	£64,631	£8,366	62.1	5	0
31/03/09	£3,893	£2,066	£1,827	£27	£51,170	£6,000	34.8	9	0
31/03/08?	£5,357	£3,273	£2,084	£46	£66,427	£4,187	15.4	9	0
30/09/06	£3,755	£5,159	£-1,404	£0	£0	£0	n/a	0	0
30/09/05	£4,918	£4,569	£349	£0	£0	£0	n/a	0	0
30/09/04	£3,974	£2,688	£1,286	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 17%
Reserves/Spending: 33.9 months
Net Current Assets/Spending: 10 months
Quick Ratio: 11.5

Asset Split ?

Listed activities

Accommodation/Housing
The Prevention Or Relief Of Poverty

How it operates

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

Where it operates

Throughout England,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies

Who works here?

Unknown number of employees
130 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (1)

The Mercers' Company

Legal constitution

Charity registered in England & Wales on 26/06/2001, number: 1087167

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
Investing charity funds policy and procedures
Investment
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

6 Frederick's Place
LONDON
EC2R 8AB

Objectives

(A) THE PROVISION OF HOUSING ACCOMMODATION FOR POOR WOMEN, WITH A PREFERENCE FOR WIDOWS, OF NOT LESS THAN 50 YEARS OF AGE WHO LIVE IN THE GREATER LONDON AREA; AND (B) THE PROVISION OF HOUSING ACCOMMODATION FOR POOR WOMEN OF NOT LESS THAN 55 YEARS OF AGE. THE TRUSTEE MAY PERMIT THE HUSBAND OR BROTHER OF AN ALMSPEOPLE TO RESIDE WITH HER IN THE ALMSHOUSE; AND (C) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEE DECIDES. (D) THE RELIEF OF PERSONS WHO ARE IN NEED, HARDSHIP OR DISTRESS, WITH A PREFERENCE FOR MEMBERS OF THE MERCERS' COMPANY AND THEIR FAMILIES, BY: (1) MAKING GRANTS OF MONEY TO THEM; OR (11) PROVIDING OR PAYING FOR GOODS, SERVICES OR FACILITIES FOR THEM; OR (111) MAKING GRANTS OF MONEY TO OTHER PERSONS WHO OR BODIES WHICH PROVIDE GOODS, SERVICES OR FACILITIES TO THOSE IN NEED.

Defined Area of Benefit:

GREATER LONDON AREA.

Data Sources