THE FOUNDATION OF EDWARD STOREY

Charity number: 203653
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Almshouse provision and grant making

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,385,624

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Donations and legacies £760
Charitable activities £748.06k
Other trading activities £0
Investments £636.81k
Other £0

Total expenditure:
£1,050,571

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Raising funds £0
Charitable activities £1.05m
Other £0

£896,677 investments gains (losses)

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 £0
Charitable expenditure £1.05m
Retained for future use £335.05k

People

10 Employee(s)

8 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

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

What, who, how, where

What the charity does:
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
Who the charity helps:
  • Elderly/old People
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 30 April 1962: Standard registration
  • 07 October 2014: Funds received from 237513 ANN MARKHAM
  • 07 October 2014: Funds received from 237733 CHARITY OF WILLIAM DOBBS
  • 26 January 2019: Funds received from 504176 NEWTON'S TRUST
Organisation type:
Other
Other names:
  • STOREY'S CHARITY (Working name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Care Quality Commission
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
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • 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
Land and property:
This charity owns and/or leases 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

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
DR Antony Warren Chair 03 July 2014
None on record
Martin Pierce Trustee 20 July 2023
None on record
Richard Newman Trustee 10 June 2021
None on record
Helen Ruth Bond Trustee 21 March 2019
None on record
CAROL LYON Trustee 20 September 2018
None on record
MRS J WOMACK Trustee
The Friends of Michaelhouse Limited
Received: On time
SUE YOUNG Trustee
None on record
PATRICIA GAIL CLYNE CERT ED Trustee
None on record

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 £1.72m £1.42m £1.16m £1.22m £1.39m
Total expenditure £1.56m £1.53m £747.42k £968.36k £1.05m
Income from government contracts £126.23k £95.55k N/A N/A N/A
Income from government grants N/A £17.85k N/A N/A N/A
Income - Donations and legacies £3.27k £40 £825 £3.25k £760
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £1.19m £953.09k £655.53k £688.61k £748.06k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £523.21k £468.09k £501.56k £529.73k £636.81k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.56m £1.53m £747.42k £968.36k £1.05m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £10.64k £17.23k £21.90k £75.50k £40.49k
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 £1.56m £1.48m £1.42m £1.37m £1.32m
Long-term investments £14.99m £17.70m £19.24m £18.83m £20.01m
Other assets £237.07k £189.42k £247.75k £210.38k £264.90k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £111.22k £101.33k £56.91k £137.99k £97.25k

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 05 September 2024 On time
Accounts and TAR 31 March 2024 05 September 2024 On time Download Open in new window
Annual return 31 March 2023 14 November 2023 On time
Accounts and TAR 31 March 2023 14 November 2023 On time Download Open in new window
Annual return 31 March 2022 08 September 2022 On time
Accounts and TAR 31 March 2022 08 September 2022 On time Download Open in new window
Annual return 31 March 2021 02 September 2021 On time
Accounts and TAR 31 March 2021 02 September 2021 On time Download Open in new window
Annual return 31 March 2020 19 November 2020 On time
Accounts and TAR 31 March 2020 19 November 2020 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.

SCHEME OF THE CHARITY COMMISSION DATED 23 MARCH 2009 AS AMENDED BY SCHEME DATED 31 DEC 2018 AS AMENDED ON 23 JUN 2021 AS AMENDED ON 16 SEPT 2021 AS AMENDED BY SCHEME DATED 28 JAN 2025

Charitable objects

(A) THE PROVISION OF HOUSING ACCOMMODATION FOR BENEFICIARIES, WITH THE FOLLOWING DISTINCTIONS: (I) THE PROPERTIES NUMBERED 1 AND 2 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR CLERGY WIDOWS BENEFICIARIES; AND (II) THE PROPERTIES NUMBERED 3 AND 4 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR PARISH BENEFICIARIES; (III) THE PROPERTY NUMBERED 5 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR CHESTERTON BENEFICIARIES; AND (IV) THE PROPERTY NUMBERED 6 IN PART 1 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE PROVISION OF ACCOMMODATION FOR CHERRY HINTON BENEFICIARIES. PROVIDED THAT IF IT IS NOT POSSIBLE TO FILL A VACANCY IN ANY OF THE HOMES WITH THE APPROPRIATE CLASS OF BENEFICIARY UNDER SUB-CLAUSES (I) AND (II) ABOVE, THE TRUSTEES MAY ALLOW SOMEONE WHO IS SUITABLY QUALIFIED AS A BENEFICIARY UNDER ONE OF THOSE SUB-CLAUSES TO BE ACCOMMODATED IN ANY OF THE PROPERTIES NUMBERED 1 TO 4 IN PART 1 OF THE SCHEDULE TO THIS SCHEME. PROVIDED THAT IF IT IS NOT POSSIBLE TO FILL A VACANCY IN ANY OF THE HOMES WITH THE APPROPRIATE CLASS OF BENEFICIARY UNDER SUB-CLAUSE (IV) ABOVE, THE TRUSTEES MAY ALLOW SOMEONE WHO IS SUITABLY QUALIFIED AS A BENEFICIARY UNDER SUB-CLAUSE (III) TO BE ACCOMMODATED IN ANY OF THE PROPERTIES NUMBERED 6 IN PART 1 OF THE SCHEDULE TO THIS SCHEME. (B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE; (C) THE RELIEF OF WOMEN RESIDENT IN CAMBRIDGESHIRE WHO ARE IN NEED, HARDSHIP OR DISTRESS; (D) THE RELIEF OF CLERGY WIDOWS BENEFICIARIES WHO ARE IN NEED, HARDSHIP OR DISTRESS. (2) THE LAND IDENTIFIED IN PART 1 OF THE SCHEDULE TO THIS SCHEME OR ANY REPLACEMENT LAND ACQUIRED BY WAY OF PURCHASE OR EXCHANGE MUST BE RETAINED BY THE TRUSTEES FOR USE FOR THE OBJECTS OF THE CHARITY FOR THOSE RESPECTIVE BENEFICIARIES, AS DESCRIBED IN CLAUSE 4(1)(A)(I), (II) AND (III). (3) SPECIAL TRUST (“THE NEWTON’S TRUST”) THE OBJECTS OF THE SPECIAL TRUST ARE TO: HELP WIDOWS, WIDOWERS, DIVORCED OR SEPARATED SPOUSES OF CLERGY, AND CHILDREN/UNMARRIED DAUGHTERS OF DECEASED CLERGY, WHO ARE IN NEED, HARDSHIP OR DISTRESS. PREFERENCE SHALL BE GIVEN, IN THE FOLLOWING ORDER, TO THOSE APPLYING WHERE THE CLERGY: (A) HOLD OR HAVE HELD OFFICE IN THE CATHEDRAL CHURCH OF LICHFIELD (B) SERVE OR HAVE SERVED IN THE DIOCESES OF LICHFIELD OR COVENTRY (C) SERVE OR HAVE SERVED IN THE CHURCH OF ENGLAND GENERALLY (D) SERVE OR HAVE SERVED IN THE CHURCH IN WALES OR THE SCOTTISH EPISCOPAL CHURCH.

Area of benefit

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

CITY OF CAMBRIDGE

Contact information

Address:
Foundation Of Edward Storey
Storeys House
Mount Pleasant
CAMBRIDGE
CB3 0BZ
Phone:
01223364405
Email:
INFO@EDWARDSTOREY.ORG.UK
Website:

www.edwardstorey.org.uk Open in new window