Finance Score: -5

Governance Score: 6

Support Score: 4

Excess reserves: -3
Accounts filed more than 5 days late: -2 times

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +4

Overall GiG Score: 5

RETAIL TRUST

Retail Trust is the charity for all people working and retired from retail. Its charitable activities are:- a confidential Helpline which provides counselling, legal and debt advice- Charitable Services with access to financial grants;- Wellbeing Programme;- Supported Living and Care Services for retired employees; and- other services such as education.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £37,441,395 available, equivalent to 42 months of spending and so may not be able to utilise additional funding
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Established: 19 years
(22 years as a company)

www.retailtrust.org.uk

rbushell@retailtrust.org.uk

020 8201 0110

Charity Commission for England and Wales

Tweets

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
30/04/23		£12,654	£10,806	£1,848	£1,217	£37,840	£37,441	41.6	107	0
30/04/22	*	£9,683	£8,666	£1,017	£906	£35,133	£34,723	48.1	75	0
30/04/21		£8,507	£7,993	£514	£798	£34,479	£34,060	51.1	77	0
30/04/20	*	£8,986	£8,762	£225	£1,852	£31,918	£31,552	43.2	81	7
30/04/19		£8,957	£8,516	£441	£1,865	£32,882	£31,720	44.7	73	12
30/04/18		£8,798	£8,078	£721	£1,625	£32,643	£31,768	47.2	101	0
30/04/17		£8,226	£8,423	£-198	£1,725	£31,354	£30,903	44	109	0
30/04/16		£9,672	£9,505	£168	£2,126	£30,398	£29,933	37.8	126	0
30/04/15		£9,463	£10,537	£-1,074	£1,909	£30,113	£29,618	33.7	112	0
30/04/14		£11,789	£9,337	£2,451	£1,967	£31,399	£30,981	39.8	116	0
30/04/13		£10,277	£9,656	£622	£2,081	£28,262	£27,982	34.8	129	0
30/04/12		£9,258	£8,760	£498	£1,962	£28,865	£28,605	39.2	130	0
30/04/11		£8,542	£8,295	£247	£2,015	£29,113	£28,845	41.7	136	0
30/04/10		£8,304	£8,392	£-88	£2,297	£26,888	£26,621	38.1	139	0
30/04/09		£7,352	£7,525	£-173	£1,828	£27,812	£27,573	44	133	0
30/04/08		£6,061	£7,258	£-1,197	£1,533	£41,356	£40,416	66.8	126	0
30/04/07		£5,994	£7,021	£-1,028	£1,321	£43,557	£41,388	70.7	129	0
30/04/06		£5,163	£9,488	£-4,326	£0	£0	£0	n/a	0	0
30/04/05		£4,835	£6,209	£-1,374	£0	£0	£0	n/a	0	0
30/04/04		£5,713	£5,742	£-29	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 17.4%
Fundraising Costs/Total Spending: 11.3%
Senior Staff Costs/Total Spending: 19%
Highest pay band: £250,000-£300,000
Liabilities/Assets: 22%
Liabilities/Income: 85%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 41.6 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.8

Asset Split ?

Listed activities

Accommodation/Housing
Education/Training
Other Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Barnet, Derby City, Liverpool City, Salford City, Scotland,

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups
People With Disabilities

Who works here?

107 employees

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

Garfield Weston Foundation	£50,000
National Lottery Community Fund	£9,831
Department for Work and Pensions	£3,522

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Main Grants award
£50,000	15/10/2021	Marshall Hall - Smart Flats
National Lottery Community Fund - Connecting Lives - Derby
£9,831	09/04/2021	The group will use the funding to provide IT equipment and digital skills training for older people. This will improve the lives of people who have been the hardest hit by COVID-19 restrictions and ....more The group will use the funding to provide IT equipment and digital skills training for older people. This will improve the lives of people who have been the hardest hit by COVID-19 restrictions and reduce isolation.
Department for Work and Pensions - WHAT PEGGY DID NEXT
£3,522	01/04/2021	The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment.
Garfield Weston Foundation - Major Grants award
£250,000	27/03/2019	Crookfur Estate Redevelopment Project

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Age Range of Trustees: 45-69

ALISON JONES Appointed: 2024

ALISTAIR MCGEORGE (Chair) Appointed: 2018, Occupation: Director

BRUCE TARA FINDLAY Appointed: 2023, Occupation: Managing Director Retail

CHRISTOPHER POWELL Appointed: 2021, Occupation: Director

DAVID MCCORQUODALE Appointed: 2018, Occupation: Retired

ERIN BROOKES Appointed: 2021, Occupation: Managing Director

GITA NORTH Appointed: 2018, Occupation: Management Consultant, Other trusteeship: CATCH 22 CHARITY LIMITED,

LESLEY MARGARET EXLEY Appointed: 2019, Occupation: Managing Director

PHILIP BELL-BROWN Appointed: 2020, Occupation: Director

PAUL ARMSTRONG Appointed: 2021, Occupation: Investor

PAUL CHRISTOPHER ALLEN Appointed: 2023, Occupation: Company Director

PHILIP BELL-BROWN Appointed: 2020, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 30/09/2005, number: 1090136
Registered at Companies House on 17/07/2001, number: 04254201

Gift Aid

Registered with HMRC for Gift Aid

Event History

Linked charity: THE JOHN GOODENDAY COTTAGE HOMES TRUST
04/10/2013 - Asset transfer in from JOHN WALSH FUND
27/06/2019 - Asset transfer in from RTRA BENEVOLENT FUND
27/10/2022 - Asset transfer in from BEALESONS' STAFF FUND
17/07/2023 - Asset transfer in from THE ROTARY CLUB OF MILL HILL TRUST
Linked charity: JOHN WALSH FUND
Linked charity: THE LINEN AND WOOLLEN DRAPERS' SILK MERCERS LACEMEN HABERDASHERS AND HOSIERS INSTITUTION AND COTTAGE
Linked charity: THE COTTAGE HOMES MOORES FAMILY FUND

Other Regulators

Homes England

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR22: 42 days late, AR20: 40 days late,

Recent reorganisation events:

Asset transfer in from RTRA BENEVOLENT FUND on 27/06/2019
Asset transfer in from BEALESONS' STAFF FUND on 27/10/2022
Asset transfer in from THE ROTARY CLUB OF MILL HILL TRUST on 17/07/2023

Main office

Form Rooms
2nd Floor
22 Tower Street
LONDON

Objectives

3.1 THE CHARITY SHALL OPERATE FOR THE PUBLIC BENEFIT IN PURSUANCE OF THE FOLLOWING CHARITABLE OBJECTS: 3.1.1 TO SUPPORT INDIVIDUALS WHO ARE OR HAVE BEEN IN EMPLOYMENT WITHIN THE RETAIL AND ASSOCIATED SECTORS IN NEED BECAUSE OF YOUTH, AGE, ILL-HEALTH, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE, IN PARTICULAR BY: 3.1.1.1 THE PROVISION OF WELLBEING SERVICES, FOR EXAMPLE COUNSELLING, COGNITIVE BEHAVIOURAL THERAPY AND CRITICAL INCIDENT SUPPORT; 3.1.1.2 THE PROVISION OF ADVICE AND ASSISTANCE, PARTICULARLY TO INDIVIDUALS WHO WOULD OTHERWISE BE UNABLE TO OBTAIN SUCH ADVICE; 3.1.1.3 THE PROVISION OF SPECIALLY DESIGNED OR ADAPTED HOUSING AND ITEMS, SERVICES AND FACILITIES CALCULATED TO RELIEVE THE NEEDS OF BENEFICIARIES; AND 3.1.1.4 THE PROVISION OF GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE FINANCIAL HARDSHIP OR DISTRESS; 3.1.2 TO ADVANCE AWARENESS AND UNDERSTANDING, SOCIAL INCLUSION AND MOBILITY OF INDIVIDUALS, IN THE RETAIL AND ASSOCIATED SECTORS BY PROVIDING FINANCIAL ASSISTANCE THROUGH EDUCATIONAL GRANTS AND BURSARIES, ADVICE AND ASSISTANCE AND ORGANISING EDUCATIONAL PROGRAMMES AND OTHER ACTIVITIES TO DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO GAIN EMPLOYMENT IN THE RETAIL SECTOR; AND 3.1.3 TO FURTHER SUCH OTHER PURPOSES WHICH MAY BE CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND THE LAW OF SCOTLAND IN CONNECTION WITH THE RETAIL AND ASSOCIATED SECTORS IN THE UNITED KINGDOM AS THE DIRECTORS SEE FIT FROM TIME TO TIME BY THE PROVISION OF FINANCIAL AND OTHER SUPPORT.

Defined Area of Benefit:

NOT DEFINED

Data Sources