WORSHIPFUL COMPANY OF NEEDLEMAKERS CHARITABLE FUND
SUPPORT OF LONDON CHARITABLE INSTITUTIONS AND CONNEXIONS WITH THE NEEDLEMAKING INDUSTRY AS DECIDED BY THE COURT OF ASSISTANTS
Financial health, per its FY2025 accounts
The accounts state that net assets increased to £3,887,724, driven by investment gains and bequests, despite a net deficit in the unrestricted general fund for the year. The charity maintains a reserves policy of £20,000 for operational costs, with additional cash reserves of approximately £70,000 to ensure grant-making continuity. The trustee confirms that the charity is not reliant on donations income and can continue to make significant grants from investment income.
What the accounts disclose
“The Company bears the costs of the Clerk and the Independent Examiner when working on behalf of the Charity. It is estimated that this is 10% and 65% respectively £6,948 (2024: £6,316).”
Register events
- Received assets from another charity (22/11/2024)
- Received assets from another charity (09/07/2013)
Trustees
- Master, Wardens, and Commonalty of the Art or Mystery of Needlemakers of the City of London
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £262k | £127k |
| 30/09/2024 | £145k | £75k |
| 30/09/2023 | £133k | £97k |
| 30/09/2022 | £109k | £94k |
| 30/09/2021 | £120k | £63k |
Common questions
Is WORSHIPFUL COMPANY OF NEEDLEMAKERS CHARITABLE FUND financially healthy?
Per its FY2025 accounts: The accounts state that net assets increased to £3,887,724, driven by investment gains and bequests, despite a net deficit in the unrestricted general fund for the year. The charity maintains a reserves policy of £20,000 for operational costs, with additional cash reserves of approximately £70,000 to ensure grant-making continuity. The trustee confirms that the charity is not reliant on donations income and can continue to make significant grants from investment income. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £33k |
| THE KNIGHTLAND FOUNDATION | 1 | £30k |
Charities like this
- CORDWAINERS CHARITABLE TRUST
- LONDON CHAMBER OF COMMERCE AND INDUSTRY COMMERCIAL EDUCATION TRUST
- MEDWAY NHS FOUNDATION TRUST CHARITABLE FUND
- THE GIRDLERS' COMPANY CHARITABLE TRUST
- MEKADSHEI SHEVEI CHARITABLE TRUST
- BRAMPTON CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WORSHIPFUL COMPANY OF NEEDLEMAKERS CHARITABLE FUND | £262k | — | 0 | unclear | — | no doubt |
| CORDWAINERS CHARITABLE TRUST | £193k | — | 0 | unclear | — | no doubt |
| LONDON CHAMBER OF COMMERCE AND INDUSTRY COMMERCIAL EDUCATION TRUST | £246k | — | 0 | unclear | — | no doubt |
| MEDWAY NHS FOUNDATION TRUST CHARITABLE FUND | £253k | — | 0 | above | — | no doubt |
| THE GIRDLERS' COMPANY CHARITABLE TRUST | £447k | — | 0 | unclear | — | no doubt |
| MEKADSHEI SHEVEI CHARITABLE TRUST | £156k | — | 0 | unclear | — | no doubt |