Finance Score: -2

Governance Score: 5

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3

No supporters identified

Overall GiG Score: 3

THE CLOTHWORKERS' FOUNDATION

This is a grant making charity, you can view its grants here

To make grants to UK frontline charities to support projects or programmes in defined areas of need.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
There are 13 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £95,138,105 available, equivalent to 131 months of spending and so may not be able to utilise additional funding

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
31/12/22	*	£80,072	£8,687	£71,385	£0	£317,656	£95,138	131.4
31/12/21		£11,643	£7,988	£3,655	£0	£265,287	£102,592	154.1
31/12/20		£9,285	£10,038	£-753	£0	£232,701	£91,676	109.6
31/12/19		£9,725	£8,189	£1,536	£0	£228,487	£89,232	130.8
31/12/18		£21,255	£7,036	£14,219	£0	£200,879	£78,794	134.4
31/12/17		£5,927	£6,247	£-319	£0	£198,246	£84,202	161.8
31/12/16		£6,824	£5,991	£833	£0	£180,208	£76,552	153.3
31/12/15	*	£6,013	£5,909	£104	£0	£156,607	£67,167	136.4
31/12/14		£5,774	£6,615	£-842	£19	£147,957	£65,099	118.1
31/12/13		£34,200	£6,373	£27,828	£15	£133,322	£59,128	111.3
31/12/12		£4,863	£4,942	£-79	£20	£89,237	£54,566	132.5
31/12/11		£4,617	£4,845	£-228	£19	£83,832	£49,161	121.8
31/12/10		£4,468	£5,572	£-1,105	£26	£88,923	£52,279	112.6
31/12/09		£4,341	£3,728	£612	£120	£80,765	£48,124	154.9
31/12/08		£5,589	£4,937	£652	£32	£68,925	£40,996	99.7
31/12/07		£8,057	£6,384	£1,673	£15	£88,679	£52,746	99.1
31/12/06		£5,173	£4,202	£971	£0	£0	£0	n/a
31/12/05		£3,954	£3,561	£394	£0	£0	£0	n/a
31/12/04		£3,335	£3,384	£-48	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 12.3%
Fundraising Costs/Total Spending: 3.9%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 11%
Unrestricted Funds/Total Funds: 30%
Reserves/Spending: 131.4 months
Net Current Assets/Spending: 35 months
Quick Ratio: 3.9

Asset Split ?

Established: 47 years

clothworkersfoundation.org.uk

foundation@clothworkers.co.uk

02076237041

Charity Commission for England and Wales

Tweets

Listed activities

General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (13)

Current Trustees appointed

Gender Split

Age Range of Trustees: 37-72

AMIR RIZWAN Appointed: 2022, Occupation: Investor Relations Director

DR HUGO SLIM Appointed: 2022, Occupation: Professor

EMMA ALEXANDRA INGHAM CLARK Appointed: 2020

NEEL PURSHOTTAM PATANI Appointed: 2020, Occupation: Financial Analyst

OLA OPOOSUN Appointed: 2021, Occupation: Senior Manager

CHARLES JOHN ALAN HUTCHINS Appointed: 2019, Occupation: Director

DHRUV PRASHANT PATEL Appointed: 2021, Occupation: ., Other trusteeship: CLOCKWORK FOUNDATION,

FREDERICK THOMAS INGHAM CLARK Appointed: 2023, Other trusteeships: THE VAVENGERS, FOOD4HEROES CIO,

HANIF VIRJI Appointed: 2016, Occupation: Consultant

MICHAEL WILLIAM JARVIS FCA, Occupation: Retired

SUSANNA PRIESTLEY O'LEARY Appointed: 2018, Occupation: Solicitor

LESLIE PETER JONAS Appointed: 2023, Occupation: Managing Director, Other trusteeship: HANDS ON LONDON,

THOMAS RICHARD MALCOLM STODDART-SCOTT Appointed: 2019, Occupation: Chartered Surveyor, Other trusteeship: HARROW CLUB,

Legal constitution

Charitable company registered in England & Wales on 26/07/1977, number: 274100
Registered at Companies House on 18/07/1977, number: 01321952

Gift Aid

Registered with HMRC for Gift Aid

Event History

24/10/2013 - Asset transfer in from THE CLOTHWORKERS' CHARITY FOR EDUCATION
24/10/2013 - Asset transfer in from THE CLOTHWORKERS' CHARITY FOR RELIEF IN NEED
24/10/2013 - Asset transfer in from THE CLOTHWORKERS' CHARITY FOR WELFARE OF THE BLIND
24/10/2013 - Asset transfer in from CHARITIES FOR RELIEF IN NEED AND WELFARE OF THE BLIND ADMINISTERED BY THE CLOTHWORKERS FOUNDATION
17/12/2013 - Asset transfer in from THE CLOTHWORKERS' FOUNDATION COMMON INVESTMENT FUND
Linked charity: MARGARET HOLLIGRAVE

Policies in force

Conflicting interests
Investment
Risk management

Filing Record

19 returns made; AR22: 6 days late, AR15: 1 days late,

Main office

First Floor, 16 Eastcheap
London
EC3M 1BD

Objectives

FOR THE ADVANCEMENT OF SUCH CHARITABLE PURPOSES AS THE FOUNDATION SHALL FROM TIME TO TIME DETERMINE.

Defined Area of Benefit:

NOT DEFINED

Data Sources