Finance Score: -8

Governance Score: 6

Support Score: 0

Positive trading contribution: +2;Multiple Deficits and declines: -5
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3

No supporters identified

Overall GiG Score: -2

MEADOWHALL EDUCATION CENTRE

The object of the charity is the advancement of education by providing training to schools, colleges, community groups and other organisations within the region. In addition to this the provision of recreational or other leisure facilities provides for a more holistic approach to training.

Analysis by Giving is Great

Positives:

More than half of total income was derived from trading and fees in the latest year
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

Income has been volatile and on several occasions in recent years less than spending
Fundraising costs are extremely high relative to funds raised

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	Staff
31/03/23		£1,504	£2,095	£-591	£1,261	£603	£603	3.5	48
31/03/22		£1,896	£2,402	£-506	£1,526	£1,208	£1,208	6	62
31/03/21		£1,919	£2,427	£-508	£1,578	£1,774	£1,763	8.7	62
31/03/20	*	£3,096	£1,828	£1,268	£293	£2,343	£2,325	15.3	60
31/03/19		£1,133	£1,326	£-193	£62	£1,075	£1,056	9.6	26
31/03/18		£1,540	£1,780	£-240	£72	£1,268	£1,248	8.4	32
31/03/17		£1,408	£1,723	£-315	£90	£1,508	£1,392	9.7	36
31/03/16		£1,422	£1,538	£-116	£80	£1,823	£1,728	13.5	40
31/03/15	*	£1,452	£1,437	£15	£27	£2,245	£2,132	17.8	38
31/03/14	*	£1,437	£1,656	£-219	£19	£2,515	£2,385	17.3	35
31/03/13	*	£1,277	£1,569	£-292	£63	£2,734	£2,586	19.8	110
31/03/12	*	£1,722	£1,473	£249	£77	£3,026	£2,860	23.3	102
31/03/11		£1,700	£1,403	£297	£86	£2,778	£613	5.2	0
31/03/10		£1,088	£970	£118	£42	£2,481	£72	0.9	0
31/03/09		£1,110	£1,013	£97	£109	£2,598	£-46	-0.5	0
31/03/08	*	£1,155	£1,030	£126	£95	£2,725	£-154	-1.8	0
31/03/07	*	£935	£889	£46	£97	£2,837	£-222	-3	0
31/03/06		£880	£1,131	£-251	£0	£0	£0	n/a	0
31/03/05		£694	£767	£-73	£0	£0	£0	n/a	0
31/03/04		£800	£1,095	£-295	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 504.4%
Fundraising Costs/Total Spending: 60.2%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 14%
Liabilities/Income: 6%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 3.5 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.7

Asset Split ?

Established: 21 years

www.thesourceacademy.co.uk

reception@thesourceacademy.co.uk

01142635600

Charity Commission for England and Wales

Tweets

Listed activities

Amateur Sport
Economic/Community Development/Employment
Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

Technical, vocational and continuing education

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Throughout England,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who works here?

48 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

Age Range of Trustees: 44-67

BISHARAT SHARIF Appointed: 2020, Occupation: Local Government Officer

HILARY BREARLEY (Chair) Appointed: 2020, Occupation: Hr/Coaching Consultancy

LAURA CLAIR ELLIS-KENDRICK Appointed: 2020, Occupation: Senior Director (Financial Services)

MS NICHOLA JONES Appointed: 2023, Occupation: Director In Education

NICHOLA JONES Appointed: 2023, Occupation: Director In Education

PAUL TURPIN Appointed: 2022, Occupation: City Councillor

PAUL VANDRILL Appointed: 2020, Occupation: Director

RUTH ELIZABETH WILLIS Appointed: 2022, Occupation: Chief Executive, Other trusteeship: SOUTH YORKSHIRE CHARITY MENTORS,

Legal constitution

Charitable company registered in England & Wales on 28/01/2003, number: 1095666
Registered at Companies House on 18/03/2002, number: 04396759

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
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
Investing charity funds policy and procedures
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR20: 38 days late, AR15: 109 days late, AR14: 469 days late, AR13: 1 days late, AR12: 1 days late, AR08: 133 days late, AR07: 114 days late,

Main office

Floor 1 Templeborough House
Sheffield Road
ROTHERHAM
South Yorkshire
S60 1DX

Objectives

3.1 THE ADVANCEMENT OF EDUCATION AND WITHOUT LIMITING THE GENERAL SCOPE OF THIS SUB-CLAUSE BY(A) PROVIDING EDUCATION AND TRAINING IN ALL FORMS (INCLUDING BUT NOT LIMITED TO EDUCATION AND TRAINING PROVIDED REMOTELY THROUGH ELECTRONIC COMMUNICATION SYSTEMS SUCH AS THE INTERNET) TO THE INHABITANTS OF SOUTH YORKSHIRE (THE REGION); AND(B) PROVIDING FACILITIES FOR SCHOOLS, COLLEGES, COMMUNITY GROUPS AND OTHER ORGANISATIONS WITHIN THE REGION;3.2 THE PROVISION OF RECREATIONAL OR OTHER LEISURE TIME FACILITIES.

Defined Area of Benefit:

SHEFFIELD.

Data Sources