MERCHANT TAYLORS' EDUCATIONAL TRUST

Charity number: 310018
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

- the maintenance, improvement and support of Merchant Taylors' School; - the benefit of the said school or of all or any of the pupils attending the said school in any manner which is exclusively charitable; - the founding or support of schools of learning generally; - the advancement of education generally

Income and expenditure

Data for financial year ending 31 August 2023

Total income:
£35,557,000

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Donations and legacies £177.00k
Charitable activities £33.01m
Other trading activities £405.00k
Investments £925.00k
Other £1.04m

Total expenditure:
£32,750,000

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Raising funds £722.00k
Charitable activities £31.94m
Other £92.00k

-£728,000 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 £814.00k
Charitable expenditure £31.94m
Retained for future use £2.81m

People

5 Trustee(s)

Employees with total benefits over £60,000

No information available

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

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
Where the charity operates:
  • Throughout London

Governance

Registration history:
  • 05 November 2003: Standard registration
Organisation type:
Trust
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • 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
  • Risk management
  • Safeguarding 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
DAVID JACKSON Trustee 01 August 2024
THE MARLER TRUST
Received: On time
HENRY COLBORN (OR COLBRON)
Received: On time
THE MERCHANT TAYLORS' COMPANY CHARITIES FUND
Received: On time
Lady Annie Harding Trustee 01 August 2024
None on record
Martin Robb Trustee 17 July 2023
MERCHANT TAYLORS' 1413 CHARITY
Received: On time
HENRY COLBORN (OR COLBRON)
Received: On time
PETER HOWARD WATKINS Trustee 14 July 2015
THE WOGEN ANNIVERSARY TRUST
Received: On time
DUDLEY AND GEOFFREY COX CHARITABLE TRUST
Received: On time
THE NORLAND FOUNDATION
Received: On time
CHRISTOPHER PETER HARE Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Total gross income £29.87m £29.53m £31.36m £32.62m £35.56m
Total expenditure £28.12m £27.77m £28.64m £30.61m £32.75m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £1.02m £324.00k N/A N/A
Income - Donations and legacies £138.28k £147.71k £87.00k £79.00k £177.00k
Income - Other trading activities £311.03k £220.50k £182.00k £392.00k £405.00k
Income - Charitable activities £28.60m £28.47m £29.27m £31.15m £33.01m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £583.19k £451.84k £412.00k £514.00k £925.00k
Income - Other £239.48k £243.13k £1.41m £484.00k £1.04m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £27.56m £27.23m £28.23m £29.94m £31.94m
Expenditure - Raising funds £529.65k £518.18k £406.00k £664.00k £722.00k
Expenditure - Governance £9.87k £15.44k £30.00k £12.00k £12.00k
Expenditure - Grants institution £744.26k £476.17k £636.00k £640.00k £661.00k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £31.12k £22.71k £2.00k £6.00k £92.00k

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 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Own use assets £34.34m £37.53m £38.10m £37.85m £39.92m
Long-term investments £17.33m £15.32m £19.61m £17.89m £17.60m
Other assets £8.25m £8.28m £8.32m £11.59m £12.73m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £6.63m £6.13m £5.28m £6.37m £7.21m

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 August 2023 29 June 2024 On Time
Accounts and TAR 31 August 2023 29 June 2024 On Time Download Open in new window
Annual return 31 August 2022 30 June 2023 On Time
Accounts and TAR 31 August 2022 30 June 2023 On Time Download Open in new window
Annual return 31 August 2021 29 June 2022 On Time
Accounts and TAR 31 August 2021 29 June 2022 On Time Download Open in new window
Annual return 31 August 2020 30 June 2021 On Time
Accounts and TAR 31 August 2020 30 June 2021 On Time Download Open in new window
Annual return 31 August 2019 30 June 2020 On Time
Accounts and TAR 31 August 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 31 AUG 1967 AS AMENDED BY SCHEME DATED 27 JUN 1997 AS AMENDED BY ORDER DATED 26 APR 2005 AS AMENDED BY DEED DATED 21 MAR 2021

Charitable objects

THE TRUST PROPERTY SHALL BE HELD AND APPLIED FOR OR TOWARDS OR FOR THE BENEFIT OR IN FURTHERANCE OF SUCH CHARITABLE PURPOSES CHARITABLE INSTITUTIONS OR CHARITABLE FOUNDATIONS (WHETHER EDUCATIONAL OR OTHERWISE) IN SUCH MANNER AND IN SUCH PROPORTIONS AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE AND BOTH CAPITAL AND INCOME WITHOUT DISTINCTION SHALL BE SO APPLICABLE. WITHOUT PREJUDICE TO THE GENERALITY OF THE PRIMARY TRUST DECLARED BY CLAUSE 5 HEREOF BUT SUBJECT AND WITHOUT PREJUDICE TO THE PROVISIONS OF CLAUSE 22 HEREOF THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR SELECTION OF PARTICULAR CHARITABLE PURPOSES TAKE INTO CONSIDERATION AND PAY SPECIAL REGARD TO THE FURTHERANCE OF THE FOLLOWING CHARITABLE OBJECTS OR PURPOSES (THAT IS TO SAY):- (A) THE ADVANCEMENT OF EDUCATION THROUGH THE SUPPORT TO THE MTET SCHOOLS (B) THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF SCHOLARSHIPS, BURSARIES, PRIZES OR OTHER AWARDS OR GRANTS TO PUPILS ATTENDING ANY OF THE MTET SCHOOLS WHO ARE IN NEED OF FINANCIAL ASSISTANCE (C) THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF SCHOLARSHIPS, PRIZES, MAINTENANCE ALLOWANCES OR GRANTS TO ANY FORMER PUPIL OF ANY OF THE MTET SCHOOLS TENABLE AT ANY UNIVERSITY, COLLEGE OF EDUCATION, OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND VOCATIONAL) EDUCATION. (D) THE FOUNDING OR PROVISION OF SCHOLARSHIPS FELLOWSHIPS LECTURESHIPS AND PRIZES IN CONNECTION WITH ANY SCHOOL UNIVERSITY OR OTHER EDUCATIONAL BODY THE REDUCTION OF SCHOOL OR UNIVERSITY FEES THE PROVISION OF FREE EDUCATION AND THE IMPROVEMENT OF SCHOOL OR UNIVERSITY AMENITIES. (E) THE ADVANCEMENT OF EDUCATION GENERALLY. (F) THE MAKING OF GIFTS OF MONEY OR OTHER PROPERTY IN THE FREE DISPOSITION OF THE TRUST TO OTHER BODIES HAVING OBJECTS SOLELY CHARITABLE (WHETHER OR NOT SUCH OBJECTS ARE SIMILAR TO ANY OF THE FOREGOING OBJECTS).

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 310018-1 SIR CHRISTOPHER HARDING MEMORIAL FUND
Governing document
DECLARATION OF TRUST DATED 24 SEPTEMBER 2003
Charitable objects
THE TRUSTEES SHALL HOLD THE TRUST FUND AND ITS INCOME UPON TRUST TO ADVANCE EDUCATION BY APPLYING THEM FOR THE FOLLOWING OBJECTS ("THE OBJECTS"): THE TRUSTEES SHALL APPLY THE INCOME (BUT NOT THE CAPITAL) THEREOF INCLUDING INCOME ACCRUED OR ACCRUING AT THE DATE OF THIS DEED TOWARDS THE COST OF PROVIDING SCHOLARSHIPS IN THE NAME OF SIR CHRISTOPHER HARDING. THESE SCHOLARSHIPS ARE FOR THE BENEFIT OF PUPILS OF MERCHANT TAYLORS' SCHOOL, NORTHWOOD (HEREAFTER REFERRED TO AS "THE SCHOOL).
Area of benefit
MERCHANT TAYLORS' SCHOOL. NORTHWOOD
Registration history
  • 05 November 2003 : Standard registration

Contact information

Address:
Merchant Taylors Co
Merchant Taylors Hall
30 Threadneedle Street
LONDON
EC2R 8JB
Phone:
02075622320
Email:
charities@merchant-taylors.co.uk
Website:

www.merchant-taylors.co.uk Open in new window