The total net assets of the charities for which the Company is corporate trustee or otherwise responsible (the Charities) amounted to £202 million as at 31 March 2019.
Income is mostly generated from investments, investment properties, donations from the Mercers' Company and income from housing operations.
The nine charities with which we are involved are outlined below.
Registered Charity No. 1087167
The Charity’s objects are to:
- Provide almshouse communities for the elderly, one in London and one in Surrey;
- Support people in need through grants and by providing or paying for goods, services or facilities.
Registered Charity No. 210291
The Charity’s objects are to:
- Provide accommodation and support for beneficiaries in its almshouses in Greenwich, London and Shotesham, Norfolk;
- Support people in need, hardship or distress.
Registered Charity No. 1172263
MCHA’s objects are to provide sheltered accommodation for elderly people at Mercers' House, Islington and Priory House, Clerkenwell, London. The Mercers’ Company is the sole Member of the Company and four Members of the Company are appointed as trustee.
Established: To commemorate the 600th anniversary of the Grant of the Company’s first Charter in 1394 and the first Mastership of Richard Whittington in 1395.
Registered Charity No. 1051146
The Charity has general charitable objectives. It is supported by legacies and donations from staff and Members. The Charity makes grants to charitable causes which are known to them or which they are directly involved in. Grants are focused on organisations where relatively small sums can make the greatest difference.
Registered Charity No. 312749
The charitable object of the Foundation is ‘to promote in Greater London the education of boys and girls and in particular, but without prejudice to the generality of the foregoing, to assist in the conduct and maintenance of schools in or near Greater London.’
The Foundation is best known for its support of St Paul’s Schools and St Paul’s Girls’ School but it also makes grants to London-based educational initiatives. The two St Paul’s Schools are separate registered charities but have a long shared history with the Foundation.
Registered Charity No. 1091658
The Trust has wide charitable purpose including, but not limited to, the advancement of education and the relief of need to former pupils of the Mercers’ School.
Registered Charity No. 210292
The Charity’s object is to make loans or grants to adults requiring financial assistance to enable them to enter a chosen profession, trade or calling. There is a preference for loans or grants to be awarded to Freeman of the Mercers’ Company
The loans do not exceed £1,000 and are for no longer than 10 years.
Registered Charity No. 280208
OMBF was established to support former pupils or masters at Mercers’ School or their wives, widows, children or other dependants and whose circumstances mean they need charitable relief.