Finance Score: -4

Governance Score: 3

Support Score: 7

Low unrestricted reserves: -2
Accounts filed more than 5 days late: -2 times
Strong growth: +2
Deficit latest year: -2

Good trustee age range: +3

Grant maker support: +7

Overall GiG Score: 6

THE BEAM FOUNDATION

The Beam Foundation aims to promote the education of people experiencing homelessness, people with disabilities, and people with a criminal record by providing assistance in the form of crowdfunded vocational training and support in finding employment once training has been completed.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker recently
There has been strong growth in spending since inception
The Board appears to be well diversified in terms of age

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Accounts have been filed late on 2 occasions over the last 4 years and the current period appears to have been extended
Income was significantly lower than spending in the latest year

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Volun- teers
31/05/23		£1,025	£1,324	£-299	£0	£843	£187	1.7	0
31/05/22		£1,176	£828	£348	£0	£1,142	£145	2.1	0
31/05/21	*	£1,106	£636	£470	£90	£795	£164	3.1	0
31/05/20	*	£596	£425	£171	£0	£325	£-46	-1.3	4

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 22%
Reserves/Spending: 1.7 months
Net Current Assets/Spending: 8 months
Quick Ratio: 83

Asset Split ?

Comment: No detail as annual report to charity commissions not submitted yet.

Source: Giving is Great

Established: 5 years

deannashuk@gmail.com

07973419871

Charity Commission for England and Wales

Listed activities

Disability
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Technical, vocational and continuing education

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Throughout England,

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Barrow Cadbury Trust	£50,000
Ministry for Housing, Communities and Local Government	£30,000
OVO Foundation	£20,000
The EQ Foundation	£20,000

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Media Imprint
£9,999	12/05/2023	The funding will be used to run an employability digital toolkit programme for people from hard to reach communities and ethnic minority backgrounds. The project aims to cover career planning ....more The funding will be used to run an employability digital toolkit programme for people from hard to reach communities and ethnic minority backgrounds. The project aims to cover career planning creative writing and digital skills improvement with studio and recording training.
Barrow Cadbury Trust - COVID-19 - The Beam Foundation
£50,000	15/10/2020 3	To provide training and support for refugees and migrants who are homeless or are at risk of homelessness with the aim of finding stable employment.
OVO Foundation - OVO Gives Back - 2020-2021
£20,000	02/06/2020	This grant will help Beam crowdfund immediate support for vulnerable, isolated young people in London. In the aftermath of Covid19, Beam will help young homeless people find secure, stable employment.
Ministry for Housing, Communities and Local Government - MHCLG Homelessness Fund
£30,000	07/05/2020	Organisations supporting homelessness
The London Community Foundation - Grant to The Beam Foundation
£5,000	14/04/2020	The funding is for emergency items such as food, toiletries, baby supplies, personal hygiene items and educational resources for homeless London residents. Beam will be personalising each package to ....more The funding is for emergency items such as food, toiletries, baby supplies, personal hygiene items and educational resources for homeless London residents. Beam will be personalising each package to the needs of the individual or family and coordinating their purchase and delivery.
The EQ Foundation - Grant to Beam
£20,000	26/03/2020	Unrestricted

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 28-48

AMMA ANDERSON Appointed: 2020

MALIKA KENZHEBAEVA Appointed: 2023, Occupation: Chief Finance Officer

DEAN NASH Appointed: 2020, Occupation: General Counsel

SARAH BRONWEN SOMMERLAD JORDAN Appointed: 2018, Occupation: Consultant / Director

TRISTAN THOMAS Appointed: 2020, Occupation: Vp Marketing, Other trusteeship: EDAID FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 04/02/2019, number: 1181864
Registered at Companies House on 05/05/2017, number: 10756127

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints policy and procedures
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
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures

Filing Record

4 returns made; AR21: 18 days late, AR20: 13 days late,

Main office

Senna Building
Gorsuch Place
London

Objectives

'Objects' The Objects of the Charity are the relief of poverty, for the public benefit. This is including but not exclusively for people who are homeless or at risk of homelessness, refugees, individuals with disabilities and individuals who have a criminal record, in such ways as the charity trustees think fit, including by:(A) providing assistance to find employment;(B) funding including by means of crowdfunding, educational courses and training aimed to help individuals find employment;(C) promoting financial security through education and employment; and(D) providing and evaluating services to such individuals which directly or indirectly prevent, relieve, reduce or end their homelessness.

Data Sources