TRUST PROPERTY ADMINISTERED IN CONNECTION WITH THE COMPANY OF THE MERCHANT ADVENTURERS OF THE CITY OF YORK

Charity number: 235256
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Maintenance, repair and upkeep of The Merchant Adventurers' Hall, Chapel and premises. Payment of pensions to persons who have been engaged in trade in the area of benefit, and the dependants of such persons, who are in need because of age, illness or other infirmity, or the relief of financial hardship among persons resident in the area of benefit by such means as the trustees think fit.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£768,705

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Donations and legacies £139.39k
Charitable activities £376.48k
Other trading activities £211.79k
Investments £41.04k
Other £0

Total expenditure:
£756,567

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Raising funds £208.90k
Charitable activities £547.67k
Other £0

£64,038 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.

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Raising funds and other expenditure £208.90k
Charitable expenditure £547.67k
Retained for future use £12.14k

People

19 Employee(s)

1 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:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Environment/conservation/heritage
Who the charity helps:
  • Elderly/old People
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • City Of York

Governance

Registration history:
  • 24 February 1965: Standard registration
Organisation type:
Other
Other names:
  • THE YORK MERCHANT ADVENTURERS' 1944 TRUST (Working name)
  • THE 1944 TRUST (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • 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

1 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
COMPANY OF MERCHANT ADVENTURERS OF THE CITY OF YORK Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £629.99k £547.68k £707.71k £754.16k £768.71k
Total expenditure £569.72k £551.31k £523.62k £697.91k £756.57k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £128.94k £93.22k £6.76k N/A
Income - Donations and legacies £132.93k £145.27k £248.31k £148.51k £139.39k
Income - Other trading activities £139.12k £80.29k £155.07k £208.59k £211.79k
Income - Charitable activities £326.29k £158.95k £271.00k £362.68k £376.48k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £31.66k £34.24k £33.32k £34.37k £41.04k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £19.19k £15.00k £0 £0
Expenditure - Charitable activities £455.63k £465.48k £400.61k £516.23k £547.67k
Expenditure - Raising funds £114.10k £85.83k £123.01k £181.68k £208.90k
Expenditure - Governance £5.45k £9.50k £7.91k £6.07k £5.76k
Expenditure - Grants institution £0 £0 £10.60k £10.00k £10.20k
Expenditure - Investment management £698 £40 £46 £40 £219
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 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £1.26m £1.24m £1.22m £1.20m £1.20m
Long-term investments £1.05m £1.15m £1.27m £1.14m £1.24m
Other assets £252.05k £273.51k £382.67k £431.02k £434.99k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £84.77k £118.51k £86.27k £96.00k £118.89k

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 December 2023 25 June 2024 On Time
Accounts and TAR 31 December 2023 25 June 2024 On Time Download Open in new window
Annual return 31 December 2022 22 May 2023 On Time
Accounts and TAR 31 December 2022 22 May 2023 On Time Download Open in new window
Annual return 31 December 2021 29 April 2022 On Time
Accounts and TAR 31 December 2021 29 April 2022 On Time Download Open in new window
Annual return 31 December 2020 14 April 2021 On Time
Accounts and TAR 31 December 2020 14 April 2021 On Time Download Open in new window
Annual return 31 December 2019 30 June 2020 On Time
Accounts and TAR 31 December 2019 30 June 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.

TRUST DEED DATED 5 APRIL 1944 SCHEME AS AMENDED BY SCHEME DATED 29/03/2011 AS AMENDED ON 06 JUL 2015

Charitable objects

1) MAINTENANCE, UPKEEP AND REPAIR OF THE MERCHANTS' HALL AND TRINITY CHAPEL, FOSSGATE, YORK. 2) PENSIONS TO DECAYED TRADESMEN OF THE CITY OF YORK. 3) SUCH OTHER PURPOSES FOR THE BENEFIT OF THE POOR AND DERSERVING PERSONS OF THE CITY OF YORK OR SURBURBS AS ARE CHARITABLE.

Area of benefit

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

CITY OF YORK OR SUBURBS

Linked charities

Linked charities
Linked charity 235256-1 THE LANCELOT FOSTER SOLATIUM FUND
Governing document
WILL DATED 28TH DECEMBER 1912 AS AMENDED BY S75 RESOLUTION 22 JUNE 1998
Charitable objects
GIFTS TO AGED POOR WOMEN WHO SHALL BE UNSUCCESSFUL APPLICANTS FOR THE HOSPITALLER'S PENSIONS OF THE COMPANY.
Area of benefit
CITY OF YORK
Registration history
  • 24 February 1965 : Standard registration

Contact information

Address:
MERCHANT ADVENTURERS HALL
FOSSGATE
YORK
YO1 9XD
Phone:
01904654818
Email:
the.clerk@merchantshallyork.org
Website:

www.merchantshallyork.org Open in new window