The Drapers' Charities Pooling Scheme

Analysis

The Drapers' Charities Pooling Scheme is a registered charity in England and Wales, based in London. It was registered in April 1997, 29 years ago. Its declared purposes cover general charitable purposes, which this site groups under grant-making and general purposes. It says it provides other finance.

In the financial year ending July 2023, The Drapers' Charities Pooling Scheme reported income of £5.5m and spending of £4.3m, leaving 23% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from £4.3m to £5.5m (+29%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 5,976 England and Wales charities whose main cause is grant-making and general purposes and that reported income, The Drapers' Charities Pooling Scheme sits at the 99th percentile: it is larger than about 99% of them. Against every charity in England and Wales with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include Age UK Hertfordshire (£5.5m), Quilter Investors Charity Authorised Investment Funds (£5.5m) and Squarepoint Foundation (£5.4m).

In its latest detailed accounts, income came from investments 96% and donations and legacies 4.2%. Charitable activities took 77% of spending and raising funds 9.7%. Reserves of £5.5m would cover about 15 months of spending at that rate. It employed 4 people.