MERCHANT TAYLORS' EDUCATIONAL TRUST
- 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
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).
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,839,236, which is below the trustees' stated policy target of £113,000 - £227,000. The trustees note that despite this, they do not feel exposed to operational risks requiring emergency expenditure. The charity reported a net income increase of £68,159 for the year, supported by investment gains.
What the accounts disclose
“Although the year end balance was below this amount, (£54,668) the Trustees do not feel that they are exposed to operational risks of the sort that would require or be ameliorated by emergency expenditure.” — page 5
“Bradestrete Services Limited, a connected party, incurred administration, establishment and management expenses during the year on behalf of this Trust amounting to £107,951 (2024: £100,805). The Charity received donations from the Merchant Taylors’ Company as detailed in note 2. The Charity made donations of £261,810 to Merchant Taylors’ School and £33,705 to Merchant Taylors’ Foundation as detailed in note 3. The Trustees are all members of the Merchant Taylors' Company, which administers this Trust through its subsidiary Bradestrete Services Limited.” — page 23
“The Trustees are all members of the Merchant Taylors' Company, which administers this Trust through its subsidiary Bradestrete Services Limited.” — page 23
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
Policies the charity declares
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/08/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/08/2024
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/08/2023
- Has a trading subsidiary
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/08/2025 (received 02/07/2026, 2 days after the 30/06/2026 due date).
Corporate structure
- Trading subsidiary: BRADESTRETE SERVICES LIMITED Companies House 01797249
- Debtors: £534,077; Creditors: £284,277
Structured financials (annual return, FY ending 31/08/2023)
Register events
- Received assets from another charity (11/09/2017)
Trustees
- CHRISTOPHER PETER HARE
- DAVID JACKSON
- Lady Annie Harding
- Martin Robb
- PETER HOWARD WATKINS
- ROBERT-JAN TEMMINK
- Simon Bass
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £336k | £517k |
| 31/08/2024 | £360k | £481k |
| 31/08/2023 | £35.6m | £32.8m |
| 31/08/2022 | £32.6m | £30.6m |
| 31/08/2021 | £31.4m | £28.6m |
Common questions
Is MERCHANT TAYLORS' EDUCATIONAL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,839,236, which is below the trustees' stated policy target of £113,000 - £227,000. The trustees note that despite this, they do not feel exposed to operational risks requiring emergency expenditure. The charity reported a net income increase of £68,159 for the year, supported by investment gains. Its FY2025 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MERCHANT TAYLORS' CONSOLIDATED CHARITIES FOR THE POOR | 1 | £1.5m |
| The Merchant Taylors' Foundation | 1 | £7k |
Charities like this
- MERCHANT TAYLORS SCHOOL
- THE MERCHANT TAYLORS' SCHOOL GENERAL CHARITABLE TRUST
- MERCERS' SCHOOL MEMORIAL TRUST (INCORPORATING THE MERRETT BEQUEST)
- ST MELLITUS COLLEGE TRUST
- TEACHERS GROUP EDUCATIONAL TRUST
- The Merchant Taylors' Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MERCHANT TAYLORS' EDUCATIONAL TRUST | £336k | — | 0 | below | — | no doubt |
| MERCHANT TAYLORS SCHOOL | £31.8m | — | — | unclear | 80.0% | no doubt |
| THE MERCHANT TAYLORS' SCHOOL GENERAL CHARITABLE TRUST | £94k | — | 0 | unclear | — | no doubt |
| MERCERS' SCHOOL MEMORIAL TRUST (INCORPORATING THE MERRETT BEQUEST) | £72k | — | 0 | unclear | — | no doubt |
| ST MELLITUS COLLEGE TRUST | £4.5m | — | 0 | above | — | no doubt |
| TEACHERS GROUP EDUCATIONAL TRUST | £179k | — | 0 | unclear | — | no doubt |