Finance Score: -12

Governance Score: -2

Support Score: 0

Excess reserves: -5
Multiple Deficits: -2
Fundraising costs high: -5

Narrow trustee age band: -2
Dynamic board: +3
All male board: -3

No supporters identified

Overall GiG Score: -14

THE WORSHIPFUL COMPANY OF FURNITURE MAKERS' CHARITABLE FUNDS INCORPORATING THE FURNISHING TRADES BENEVOLENT ASSOCIATION

Promote, encourage and foster the craft and industry of furnishing and furniture and its ancilliary activities in the United Kingdom,Advance education in the industry.Relieve financial hardship of present and past employees of the Industry, their families, relatives and dependants.

Analysis by Giving is Great

Positives:

The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board is completely male
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £6,257,252 available, equivalent to 59 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/04/23		£669	£1,263	£-594	£331	£6,257	£6,257	59.5	9	7
30/04/22		£793	£949	£-156	£252	£6,926	£6,926	87.5	8	8
30/04/21		£410	£1,163	£-753	n/a	n/a	n/a	n/a	n/a	n/a
30/04/20		£735	£1,204	£-469	£337	£7,168	£6,799	67.8	11	100
30/04/19		£751	£1,195	£-444	£300	£7,692	£7,199	72.3	11	96
30/04/18		£787	£1,157	£-369	£262	£8,028	£7,439	77.2	10	0
30/04/17		£857	£1,139	£-282	£276	£8,292	£7,704	81.1	8	0
30/04/16		£828	£1,072	£-245	£255	£7,875	£7,281	81.5	7	0
30/04/15	*	£732	£1,025	£-293	£349	£8,350	£7,753	90.8	8	0
30/04/14		£611	£893	£-282	£363	£8,036	£7,454	100.2	7	0
30/04/13		£542	£841	£-299	£347	£8,213	£7,632	108.9	6	0
30/04/12?	*	£366	£628	£-262	n/a	n/a	n/a	n/a	n/a	n/a
31/12/10	*	£274	£390	£-116	n/a	n/a	n/a	n/a	n/a	n/a
31/12/09		£324	£351	£-27	n/a	n/a	n/a	n/a	n/a	n/a
31/12/08		£376	£374	£2	n/a	n/a	n/a	n/a	n/a	n/a
31/12/07		£375	£362	£13	n/a	n/a	n/a	n/a	n/a	n/a
31/12/06		£358	£346	£11	n/a	n/a	n/a	n/a	n/a	n/a
31/12/05		£374	£324	£50	n/a	n/a	n/a	n/a	n/a	n/a
31/12/04		£331	£306	£25	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 74.4%
Fundraising Costs/Total Spending: 28.3%
Senior Staff Costs/Total Spending: 18%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 21%
Liabilities/Income: 254%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 59.5 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.1

Asset Split ?

Balance Sheet History

Established: 32 years

www.furnituremakers.org.uk

clerk@furnituremakers.org.uk

02072565558

Charity Commission for England and Wales

Tweets

Listed activities

Disability
Education/Training
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Provides financial or material assistance

How it operates

Makes grants to individuals
Provides buildings/facilities/open space
Provides other finance
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups
People With Disabilities

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 57-73

BENEDICT BURBIDGE Appointed: 2021, Occupation: Managing Director

CHARLES VERNON Appointed: 2018, Occupation: Company Director

HUGH CHARLES GARFORTH-BLES Appointed: 2017, Occupation: Manufacturer And Retailer

PAUL HEINRICH SIGISMUND VON DER HEYDE (Chair) Appointed: 2016, Occupation: Chartered Accountant

HAYDEN DAVIES Appointed: 2022, Occupation: Company Director

JONATHAN HINDLE Appointed: 2021, Occupation: Chartered Designer

Legal constitution

Charitable company registered in England & Wales on 01/12/1992, number: 1015519
Registered at Companies House on 27/10/1992, number: 02759359

Gift Aid

Registered with HMRC for Gift Aid

Event History

04/07/2014 - Asset transfer in from RADFORD DESIGN SCHOLARSHIP FUND
04/07/2014 - Asset transfer in from ANTHONY LEBUS FUND
04/07/2014 - Asset transfer in from TREVOR BOWEN FUND
04/07/2014 - Asset transfer in from SIR AMBROSE HEAL MEMORIAL SCHOLARSHIP FUND
04/07/2014 - Asset transfer in from SIR RALPH PERRING SCHOLARSHIP FUND
04/07/2014 - Asset transfer in from THE WORSHIPFUL COMPANY OF FURNITURE MAKERS CHARITABLE FUNDS
01/03/2017 - Asset transfer in from THE SYDNEY SIMMONS PENSION FUND
Linked charity: MAPLE RAYNER TRUST

Policies in force

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

Filing Record

19 returns made; AR15: 2 days late, AR12: 1 days late, AR10: 11 days late,

Main office

The Furniture Makers Co
12 Austin Friars
London
EC2N 2HE

Objectives

TO RELIEVE POVERTY FOR ANY PERSONS EMPLOYED OR WHO HAVE BEEN EMPLOYED IN THE FURNISHING OR ALLIED TRADES AND MEMBERS OF THEIR FAMILIES AND OTHER RELATIVES AND DEPENDANTS IN THE UNITED KINGDOM AND TO ADVANCE THE EDUCATION OF NEEDY CHILDREN OR ORPHANS OF SUCH EMPLOYEES OR FORMER EMPLOYEES WHO ARE PERMANENTLY OR TEMPORARILY UNABLE TO MAINTAIN THEM

Defined Area of Benefit:

UNITED KINGDOM

Data Sources

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