THE TALLOW CHANDLERS’ STRATEGY (as at April 2018)
A livery company is a unique organisation. The oldest, which include the Tallow Chandlers, can trace their recorded history back to the Middle Ages as trade guilds. As such, livery companies had an early involvement in the training of apprentices in an understanding of the duties and responsibilities required of the trade. In addition, they had the authority to supervise such trade in a fair and equitable manner in exchange for exclusive trading rights in the commodity or profession in question, as well as supporting those in or connected with the trade and the City.
Today, we continue to strive, through the gifts of time and money, to improve society. We also seek to use the networks and trade/business and other associations, which we have built up over hundreds of years, in support of those educational and charitable efforts. The Hall, dating from 1672 and standing on land which we have owned since 1476, is the tangible expression of the fellowship which underpins our support for trade/business and the City of London, and our focus on our educational and charitable activities.
The principal objective of the Company is, accordingly, to support education and charity and genuinely to make a difference at the point of need. This document places the Company’s activities in that context, by linking support to education and charity with the Company’s major trade and business links, its connections and responsibilities in the City and its wider affiliations. By doing so, it ensures that, with the support of a vibrant Livery and Freedom, the Company remains purposeful and relevant in the 21st Century.
The strategy sets out the Company’s objectives, which include education and charitable objectives, how they are to be achieved and the priorities for the coming year. The Court and the Court acting as the Trustee of the Benevolent Fund, will review the strategy annually (February) and it will be accessible on the Company’s website.
The Company’s Objectives
The Company’s main objectives are:
a. To support, through financial and other means, disadvantaged young people and to promote educational and vocational excellence. That support will include youth organisations.
Specifically, and noting the overlaps, the support will focus on:
- disadvantaged young people in Greater London to enable them to have the opportunity to succeed in life;
- smaller charities, usually but not exclusively in the UK, where modest donations can have a high impact;
- educational excellence, promoting STEM (Science, Technology, Engineering and Maths) subjects, so that recipients of awards and bursaries (past and present) can ‘give back’;
- vocational/youth initiatives to inspire alternative routes into life-long learning and sustainable employment.
b. To build upon the Company’s heritage by:
- Upholding and preserving the values and traditions of the Company, including the Hall and historical and other assets;
- Maintaining an active and supportive Livery and Freedom, to include a balanced recruitment policy of selected and successful recipients of awards/bursaries, those linked with affiliated trades/businesses and connected to the Company/membership;
- Developing external relationships with historical and related trades/businesses, institutions, educational and charitable bodies, HM Forces and the City of London and to encourage participation in or support for the Company’s education and charitable endeavours;
- Fostering a culture of philanthropy in the Company.
c. To contribute to the City of London by participating in the all aspects regarding the governance of the City of London and promoting its position as the world’s leading financial and commercial city.
 The term ‘Company’ includes the Tallow Chandlers’ Company and the Tallow Chandlers’ Benevolent Fund; the former governed by the Court, the latter governed by the Court acting as Trustee of the Benevolent Fund.
This document has drawn upon the Company Report (1980), the Long-Term Value of the Company paper (2007), the Away Day Reports in 2013 and 2017. It also stresses the Company’s focus on education, the subject of the 550th Anniversary Appeal.
Deed of Amendment of Administrative Powers dated 27th April 2017.
This is an extract from the full Company Strategy which can be viewed in the Members’ Area of this website. The strategy sets out the Company’s objectives, how they are to be achieved and the priorities for the coming year. It is reviewed annually by The Court.