The Lady Cynthia Charity (charity number 312800-3) (the “Charity”) is one of four charities that are linked for charity registration and accounting purposes and share The Walcot & Hayle’s Trustee as their corporate trustee, which are known collectively as The Walcot Foundation. The three other charities have charitable objects that overlap with those of the Charity.
The Charity is much smaller than the three other charities. The capital value of the Charity at 31 March 2023 was £1.496 million and the income that was generated by the Fund in the same financial year was £29,000. The assets of the Charity comprise permanent endowment, meaning that the capital must be preserved and only the income can be spent. The Governors propose to pass a resolution using a power under section 282 of the Charities Act 2011 to enable the capital of the Charity to be expended as well as the income. This is for a number of reasons, including:
The Governors are required to consult with relevant stakeholders on the proposed change in order to meet Charity Commission requirements. If you have any comments or queries on the proposal, please send them to Marcia Asare by email at [email protected], or by post to 127 Kennington Road, London SE11 6SF, to be received by 5pm on 15th July 2024.
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Following the introduction of the Mayor of London universal primary free school meals (UFSM) policy this academic year, Impact on Urban Health (IOUH) and the Walcot Foundation have entered into partnership to offer up to £3000 of grant funding to Lambeth primary schools needing to upgrade their kitchen equipment and/or facilities in order to deliver on this policy.
To apply Lambeth primary schools will need to complete a short application form (taking no more than 10 minutes), applications will then be assessed via a local decision-making panel. A frequently asked questions document can be found here and the application form can be completed via the below link. Lambeth Schools UFSM Roll Out Fund application The deadline for applications to be submitted is Friday 1st March 2024.
We are really pleased that Walcot Foundation received an A rating in the 2023 results for the Foundation Practice Rating initiative.
Foundation Practice Rating aims to improve practice across the grant-making sector on the key themes of acocuntability, transparency and diversity. They have created a four level rating system (A, B, C, D) where Foundations are scored against information they provide about themselves on their public information (e.g. website, Charity Commission). This research was carried out by Giving Evidence and over 100 Foundations were reviewed from ACF’s top 300 list using this rating system. This is the second year of the initiative. This year, seven Foundations achieved an A rating, which is an improvement on last year when the FPR announced its first ever set of results and awarded three A ratings. The Foundations that received an A rating vary in size and structure (Walcot Foundation, Oxfordshire Community Foundation, John Ellerman Foundation, Blagrave Trust, Wellcome Trust, Esmée Fairbairn Foundation and Paul Hamlyn Foundation). The Walcot Foundation Governor Priorities help guide the type of projects that we fund within our focus on Lambeth low-income residents. We typically review these priorities every three years.
If you would like to contribute to our current review you can do so by completing our strategy survey. This should take no longer than 10 minutes. Please keep in mind that our charitable objects require that ALL our funding must be focused on Lambeth beneficiaries and 85% needs to be spent on projects which relate to education, training and employment for under-30s. The survey will run until 20 February and the new Governor Priorities will be published on our website by July 2023. As well as this survey and our tri-annual 'Listening to Grantees' exercise, we are running further focus groups, stakeholder interviews and undertaking desk research to inform the new strategy. The ongoing cost of living crisis is causing significant hardship to many Lambeth residents and local organisations are facing the twin struggle of their own rising costs coupled with increased demand for services. In response to this, Governors of the Walcot Foundation have added an additional £300K to our annual grants budget in order to provide some assistance. This includes:
West Norwood based firm Winn & Coales (Denso) Ltd is continuing to generously support local community projects with donations totaling £45,000. It has made a £20,000 donation to Rathbone Youth Centre's Inspiring Learning Project. This is the second year of a three year commitment. As Charline King, Head of Children and Young People' Services says, "We would like to thank Winn and Coales for their long-term support. This three year funding from Winn & Coales has been crucial in enabling us to be able to offer long-term mentoring and education support. The three-year funding enables us to build and strengthen our relationships with the young people and their families, to be fully embedded with our community and partner schools and to provide continuous support over time to young people to make progress with their learning." Also, in response to the cost of living crisis, Winn & Coales has made a £25,000 donation to Norwood and Brixton Foodbank. As energy bills and food prices rise, more and more local residents are being pulled into crisis. The Foodbank is facing significant growing need in what is likely to be a very busy winter. This donation will enable the Foodbank to lease an electric van and hire a driver for a year so as to expand the number of home deliveries they can make to clients that find it difficult to make it to the centres. This will be particularly beneficial to elderly and disabled clients. We are greatly saddened by death of Her Majesty the Queen and on behalf of The Walcot Foundation we wish to express our condolences on the passing of her Majesty The Queen and extend our full sympathies to the Royal Family at this time of national mourning. Her unfaltering commitment and dedication to a life of service is a huge inspiration and example to us all. The Walcot Foundation is seeking to appoint an Honorary Adviser to the Foundation’s Grants Committee. S/he will provide advice and offer comment on grant applications. The Adviser will also provide insight on current issues locally for community groups, charities and social enterprises and how the Foundation may best support young people and families from low-income backgrounds.
Person Specification
Terms This is an honorary appointment and carries no pay, save reimbursement of out-of-pocket expenses directly associated with the role. The appointee will be expected to attend all meetings of the Grants Committee (5-6 meetings per year that take place on Wednesdays at 6.30pm in the Governors’ Boardroom at 125 Kennington Road, SE11 6SF). There will be occasional contact with the Director and Grants Manager outside the meetings. The post is advisory. Governors are responsible for considering whether to act on any such advice. The post holder will not be held responsible by the Governors or Foundation in any way for any action they (the Governors) may take or not take. The appointment is for one year initially. How to Apply Please email [email protected] with your CV and a short covering letter explaining why you are interested in this role and why you consider yourself a good fit for this role. Also, please could you complete this Equalities Monitoring Form. Closing Date: 10am 19 September Interviews: Early October First Grants Committee Meeting: 6.30pm 2 November Please contact Daniel Chapman, Grants Manager (020 7735 1925) if you have any queries or wish to talk further about the role. Due to the extreme weather over the next few days, we will be operating a skeleton service from the office. Staff members will still be available on the phone/by email from 9am to 5pm. We will respond to emails or telephone requests in the usual way but if you have an out of hours emergency please refer to our tenant resources page.
The Met Office has put in place a Red warning: Extreme heat for London on Monday and Tuesday. Tenants are encouraged to follow key public health messages. |
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