Finance Score: -5

Governance Score: -6

Support Score: 0

Multiple Deficits and declines: -5
No PartB

Only 3 Trustees: -2
Narrow trustee age band: -2
Very static board: -5
Gender balanced board: +3

No supporters identified

Overall GiG Score: -11

THE PROGRESS FOUNDATION

We help charities reconnecting young people to society, through education, job-finding help or other activities, primarily in London. Our maximum grant is 25,000 per annum, for up to 3 years. We do not replace statutory funding or make grants to organisations promoting a particular religious belief unless the work is not for religious purposes and clearly fits our funding guidelines.

Analysis by Giving is Great

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board composition appears to be very static and has little diversity in terms of age

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
Income has been volatile and on several occasions in recent years less than spending

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	£71	£231	£-160	n/a	n/a	n/a	n/a	n/a
31/03/22	£76	£237	£-161	n/a	n/a	n/a	n/a	n/a
31/03/21	£132	£279	£-147	n/a	n/a	n/a	n/a	n/a
31/03/20	£169	£334	£-166	n/a	n/a	n/a	n/a	n/a
31/03/19	£286	£188	£98	n/a	n/a	n/a	n/a	n/a
31/03/18	£242	£252	£-10	£0	£0	£0	n/a	0
31/03/17	£253	£292	£-39	£0	£0	£0	n/a	0
31/03/16	£527	£142	£385	£0	£2,377	£2,377	200.9	0
31/03/15	£204	£161	£44	£0	£0	£0	n/a	0
31/03/14	£286	£219	£66	£0	£0	£0	n/a	0
31/03/13	£262	£181	£81	£0	£0	£0	n/a	0
31/03/12	£323	£163	£161	£0	£0	£0	n/a	0
31/03/11	£311	£137	£174	£0	£0	£0	n/a	0
31/03/10	£518	£84	£435	£2	£1,185	£1,185	169.8	0
31/03/09	£723	£38	£686	£4	£657	£657	209	0

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Highest pay bracket: less than £60,000

Established: 16 years

www.progressuk.org

02074316608

Charity Commission for England and Wales

Listed activities

General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations

Where it operates

Throughout London,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 67-68

NADINE BEATRICE MAJARO Appointed: 2008, Occupation: Chartered Accountant

ROGER GRANVILLE PILGRIM (Chair) Appointed: 2012, Occupation: Investment Manager

NIGEL JONATHON HAMWAY Appointed: 2008, Occupation: Company Director, Other trusteeship: THE CORPORATION OF THE HALL OF ARTS AND SCIENCES,

Legal constitution

Charitable company registered in England & Wales on 17/03/2008, number: 1123219
Registered at Companies House on 27/02/2008, number: 06515146

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Trustee conflicts of interest policy and procedures

Filing Record

15 returns made; all on time

Main office

New Quadrant Partners Ltd
25 Bury Street
London
SW1Y 6AL

Objectives

TO PAY OR APPLY THE INCOME AND CAPITAL TO OR FOR THE BENEFIT OF ANY CHARITY OR CHARITABLE PURPOSE OR PURPOSES AS THE TRUSTEES SHALL IN THEIR DISCRETION THINK FIT

Defined Area of Benefit:

UNDEFINED IN PRACTICE SCOTLAND AND ENGLAND AND WALES

Data Sources