THE TRAIDCRAFT FOUNDATION

Charity Number: 294953
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Traidcraft Foundation is the founder member of Traidcraft Exchange, and appoints the trustees of Traidcraft Exchange. It also holds the Guardian Share in Traidcraft plc, to enable it to protect the vision and mission of that organisation.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£3,377,803

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Donations and legacies £1.88m
Charitable activities £1.50m
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£3,922,184

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Raising funds £856.53k
Charitable activities £3.07m
Other £0

£0 investments gains (losses)

Total income includes £238,356 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £856.53k
Charitable expenditure £3.07m

People

71 Employee(s)

5 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£70k to £80k 1
£90k to £100k 1

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • North Tyneside

Governance

Registration history:
  • 04 April 1995: Standard registration
  • 21 August 1995: Removed
Organisation type:
Other
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
  • 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
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
THE RT HON SIR STEPHEN TIMMS MP Chair 14 September 2011
None on record
Stephen Bonnick Trustee 26 January 2024
None on record
Clive Osmond Trustee 26 January 2024
None on record
ALISON MARGARET COUTTS Trustee 26 January 2024
None on record
Jeremy Lefroy Trustee 18 March 2021
STAFFORD WORKS
Received: On time
Global Coalition for Youth Employment
Received: On time
Community Foundation for Staffordshire and Shropshire
Received: On time
FRIENDS OF THE GUILDHALL, NEWCASTLE UNDER LYME
Received: On time
CAFE AFRICA TRUST
Received: On time
THE YARLET TRUST
Received: On time
THE DONALD MACKAY TRUST
Received: On time
THE MYCRO TRUST
Received: On time
THE BUCKE COLLINS CHARITABLE SETTLEMENT
Received: On time
TANZANIA DEVELOPMENT TRUST
Received: On time
THE RELATIONSHIPS FOUNDATION
Received: 86 days late
STAFFORD AND DISTRICT CARERS HOLIDAY TRUST
Received: On time
STAFFORDSHIRE HISTORY DEVELOPMENT TRUST
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £3.09m £3.83m £4.24m £3.22m £3.38m
Total expenditure £3.38m £3.34m £3.54m £4.35m £3.92m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £1.69m £98.00k £198.00k £36.04k £238.36k
Income - Donations and legacies £1.24m £2.16m £2.25m £1.42m £1.88m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £1.69m £1.67m £1.99m £1.80m £1.50m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £163.00k £0 £0 £0 £0
Income - Legacies £205.00k £238.00k £576.00k £131.92k £328.69k
Expenditure - Charitable activities £2.70m £2.38m £2.79m £3.41m £3.07m
Expenditure - Raising funds £679.00k £953.00k £753.00k £942.57k £856.53k
Expenditure - Governance £6.00k £32.00k £58.00k £89.77k £76.69k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £61.00k £43.00k £19.00k £14.86k £31.85k
Long-term investments £0 £0 £0 £0 £0
Other assets £1.62m £2.60m £3.13m £1.99m £934.88k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £751.00k £1.29m £1.08m £1.07m £411.92k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 23 January 2025 On Time
Accounts and TAR 31 March 2024 23 January 2025 On Time Download Open in new window
Annual return 31 March 2023 09 May 2024 99 days late
Accounts and TAR 31 March 2023 09 May 2024 99 days late Download Open in new window
Annual return 31 March 2022 31 January 2023 On Time
Accounts and TAR 31 March 2022 31 January 2023 On Time Download Open in new window
Annual return 31 March 2021 28 January 2022 On Time
Accounts and TAR 31 March 2021 28 January 2022 On Time Download Open in new window
Annual return 31 March 2020 26 January 2021 On Time
Accounts and TAR 31 March 2020 26 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DECLARATION OF TRUST DATED 21ST JULY 1986 AS VARIED BY DEED OF AMALGAMATION DATED 3RD SEPTEMBER 1986 AND AMENDED BY SUPPLEMENTAL DEEDS DATED 18TH JANUARY 1988 AND 10 MARCH 1995 AS VARIED BY A DECLARATION OF TRUST DATES 03/12/05 AND ORDER OF 21/11/05

Charitable objects

THE OBJECTS OF THE TRUST ARE AS FOLLOWS:- (1) THE PREVENTION AND RELIEF OF POVERTY AND SICKNESS IN THOSE COUNTRIES DEFINED AS DEVELOPING COUNTRIES IN ACCORDANCE WITH CLAUSE 14.3 OF THE DEED DATED 3RD DECEMBER 2002 (THEREIN AND HEREINAFTER CALLED "DEVELOPING COUNTRIES"). (2) THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF STUDIES IN THEOLOGICAL, POLITICAL, SOCIAL, TECHNICAL AND ECONOMIC SUBJECTS AND OTHER EDUCATIONAL SUBJECTS (3) THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF EDUCATION AND DISSEMINATION OF KNOWLEDGE IN THESE SUBJECTS WITH PARTICULAR (BUT NOT EXCLUSIVE) REFERENCE TO THE PROBLEMS OF ECONOMIC AND SOCIAL DEVELOPMENT IN DEVELOPING COUNTRIES ARISING FROM NATIONAL AND INTERNATIONAL TRADING PRACTICES (4) THE ADVANCEMENT OF THE CHRISTIAN RELIGION BY COMMENDING THAT RELIGION TO PERSONS IN DEVELOPING COUNTRIES AND ELSEWHERE (5) THE PROMOTION OF OTHER CHARITABLE PURPOSES IN DEVELOPING COUNTRIES (FOR FURTHER DETAILS SEE CLAUSE 1.5 OF DEED DATED 3 DECEMBER 2002).

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 294953-1 THE TRAIDCRAFT EXCHANGE
Governing document
MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 10 MARCH 1995
Charitable objects
THE RELIEF OF POVERTY AND SICKNESS AND THE ADVANCEMENT OF EDUCATION AND OF RELIGION IN THOSE COUNTRIES DESCRIBED AS THE THIRD WORLD AND AS DEVELOPING COUNTRIES MEANING THE LIST OF COUNTRIES SO REGARDED AS COMPILED FROM TIME TO TIME BY THE DEVELOPMENT ASSISTANCE COMMITTEE OF THE ORGANISATION FOR ECONOMIC CO-OPERATION
Area of benefit
OVERSEAS
Registration history
  • 04 April 1995 : Standard registration
  • 21 August 1995 : Removed

Contact information

Address:
Traidcraft Exchange
Turners Building
7-15 Pink Lane
NEWCASTLE UPON TYNE
NE1 5DW
Phone:
02037525717
Email:
stephen_timms@compuserve.com
Website:

www.traidcraft.co.uk Open in new window