Finance Score: -1

Governance Score: 0

Support Score: 7

Excess liquidity: -1
Strong growth: +2
Deficit latest year: -2

Grant maker support: +7

Overall GiG Score: 6

WALCOT EDUCATIONAL FOUNDATION

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

Our area of benefit is coterminous with the London Borough of Lambeth (though we are an entirely independent foundation). We exist for the relief of poverty amongst Lambeth residents (mainly under 30 years of age) and we do this by promoting education (broadly defined). Our aim is to offer a 'hand up', not a 'hand out', and to 'tackle poverty by creating opportunity'.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
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:

This charity only provides its support via other charities
This charity uses a corporate trustee

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
Income was significantly lower than spending in the latest year

Established: 51 years

www.walcotfoundation.org.uk

office@walcotfoundation.org.uk

02077351925

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		£3,806	£5,513	£-1,706	£731	£122,390	£8,925	19.4	8	1
31/03/22		£3,042	£4,183	£-1,141	£600	£127,043	£10,281	29.5	7	0
31/03/21		£3,130	£3,254	£-124	£395	£128,010	£10,871	40.1	7	0
31/03/20		£2,766	£2,974	£-208	£403	£102,374	£7,265	29.3	8	0
31/03/19		£2,427	£3,057	£-630	£485	£103,601	£7,203	28.3	8	0
31/03/18		£2,676	£3,075	£-399	£533	£100,868	£5,981	23.3	8	0
31/03/17		£2,255	£2,413	£-158	£0	£99,422	£4,324	21.5	6	0
31/03/16		£2,387	£2,709	£-322	£0	£91,458	£3,944	17.5	6	0
31/03/15		£2,129	£2,571	£-442	£57	£85,913	£4,281	20	6	0
31/03/14		£2,198	£2,368	£-170	£47	£84,202	£4,228	21.4	6	0
31/03/13		£2,217	£2,337	£-120	£51	£70,454	£4,047	20.8	6	0
31/03/12		£2,340	£2,897	£-557	£48	£66,207	£3,717	15.4	6	0
31/03/11		£2,158	£2,975	£-817	£47	£67,080	£3,923	15.8	5	0
31/03/10		£2,105	£3,303	£-1,198	£57	£62,354	£4,124	15	5	0
31/03/09	*	£2,464	£3,266	£-802	£45	£56,459	£3,646	13.4	5	0
31/03/08		£2,410	£2,366	£44	£43	£62,343	£3,495	17.7	5	0
31/03/07?		£2,592	£1,945	£646	£62	£60,979	£3,034	18.7	5	0
31/12/05		£1,956	£1,668	£288	£0	£0	£0	n/a	0	0
31/12/04		£1,887	£1,232	£655	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 1%
Liabilities/Income: 38%
Unrestricted Funds/Total Funds: 7%
Reserves/Spending: 19.4 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.4

Asset Split ?

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Lambeth,

Who it helps

Other Charities Or Voluntary Bodies

Who works here?

8 employees
1 volunteer

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.

Specific Donations

Amount	When Months	To be used for
Guy's and St Thomas' Charity - Healthy Schools Fund
£875,000	16/12/2021	To provide funding to schools to address the negative impacts of Covid on the health and wellbeing of primary and secondary school pupils
Guy's and St Thomas' Charity - COVID Lambeth Response Fund
£250,000	06/04/2020	Restricted grant contribution towards the Lambeth Community Response Fund COVID-19
Peter Minet Trust - Grant to Walcot Educational Foundation
£25,000	25/03/2020	Lambeth Community Response Fund - Emergency Response to Covid-19
Guy's and St Thomas' Charity - Black Thrive grant funding
£300,000	27/11/2019	Grant-making for Black Thrive
Trust for London - Walcot Foundation
£100,000	12/10/2017 12	The funding is to support a 12-month extenstion of the Step Up, low pay progression initiative, a joint initiative between Walcott Foundation and Trust for london which funds five projects to test ....more The funding is to support a 12-month extenstion of the Step Up, low pay progression initiative, a joint initiative between Walcott Foundation and Trust for london which funds five projects to test models of supporting low paid workers to move to better jobs.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (1)

THE WALCOT & HAYLE'S TRUSTEE

Legal constitution

Charity registered in England & Wales on 04/10/1973, number: 312800
Registered at Companies House on 01/03/2007, number: 06133849

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

19 returns made; AR09: 2 days late,

Main office

Walcot Foundation
127 Kennington Road
London
SE11 6SF

Objectives

THE INCOME SHALL BE USED FOR THE PURPOSES OF REBUILDING AND IMPROVING THE PROPERTY OF THE FOUNDATION, MAINTENANCE OF THE SCHOOL PREMISES AND OTHER EDUCATIONAL BENEFITS (SEE SCHEME DATED 6 FEBRUARY 1991 FOR FULL DETAILS).

Defined Area of Benefit:

LONDON BOROUGH OF LAMBETH.

Data Sources