The Organisation

The Charity is governed by a Council of Trustees who are collectively legally responsible for all its affairs. As company directors they have a limited liability of a maximum of £10 should the Charity ever become insolvent and have to be wound up. Council members are elected by their peers or in the case of an appointment between Annual General Meetings elections are confirmed at the next following AGM. The current Chairman of Trustees is Ian Morton, now retired but formerly of Hancocks, Burlington Arcade. Under the constitution two members of the Council are appointed by The Goldsmiths’ Company. The current appointees are former Prime Warden Grant Macdonald and the Company’s Financial Director Susan Bailey. Day-to-day administration is in the hands of the Secretary who is employed by the Trustees. The Council normally meets three times per annum and urgent matters requiring decisions in between meetings are taken by the Chairman and/or Vice-Chairman and Secretary, otherwise the Trustees ane consulted via email. There is an Executive Committee comprised of Council members which can be called to meet at short notice should the need arise. The Charity has a contract with J M Finn & Co, stockbrokers to act as its nominee investment adviser, with independent accountants who carry out an annual audit and specialist charity solicitors who provide assistance when necessary.

Funding

The Charity has to compete with high profile charities that can appeal nationally for funds whereas the SJC is dependent upon the Trade. Sadly donations from the Trade have declined in recent years and the Charity is increasingly reliant upon income from its investments and from fund-raising activities such as the annual Charity Dinner which has been held in London each November for the past fifty plus years. There is now an annual Golf Day that is now a complete sell out. Some of the most well-known companies in the West End Trade who once supported the Charity no longer do so, partly because they no longer feel any moral obligation to contribute, but also because altruism has become a rare commodity. Such companies openly admit that they prefer to give to already well-funded national charities from which they will receive publicity or other rewards such as invitations to royal events.