Finance Score: -2

Governance Score: -3

Support Score: 4

Deficit on unrestricted reserves: -2
Strong growth: +2
Deficit latest year: -2

Static board: -3

Overall weighted support: +4

Overall GiG Score: -1

BLACK HEART FOUNDATION (UK) LIMITED

To administer grants for the benefit of underpriviliged and under-resourced children with an emphasis on organisations with a focus on education and health.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker recently
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

The Board composition appears to be rather static

Financial issues to consider:

This charity has an endowment fund which generates much of its income. Its latest spending amounts to only -337.1% of total funds
There was a deficit on unrestricted reserves of £823,704 at the last year end after deducting the value of own use assets
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 £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/04/23		£1,848	£2,777	£-928	£309	£-824	£-824	-3.6	3	0
30/04/22		£1,654	£1,952	£-298	£253	£105	£105	0.6	2	0
30/04/21		£2,894	£2,563	£331	£196	£403	£403	1.9	1	0
30/04/20		£1,410	£1,421	£-11	£107	£72	£72	0.6	0	0
30/04/19		£787	£661	£126	£34	£83	£83	1.5	0	0
30/04/18	*	£249	£296	£-46	n/a	n/a	n/a	n/a	n/a	n/a
30/04/17		£204	£216	£-12	n/a	n/a	n/a	n/a	n/a	n/a
30/04/16		£231	£256	£-25	n/a	n/a	n/a	n/a	n/a	n/a
30/04/15		£405	£383	£22	n/a	n/a	n/a	n/a	n/a	n/a
30/04/14		£14	£183	£-169	n/a	n/a	n/a	n/a	n/a	n/a
30/04/13		£452	£383	£69	n/a	n/a	n/a	n/a	n/a	n/a
30/04/12		£120	£3	£117	n/a	n/a	n/a	n/a	n/a	n/a
30/04/11		£0	£0	£0	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 251%
Liabilities/Income: 74%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: -3.6 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.8

Asset Split ?

Balance Sheet History

Established: 14 years

http://www.blackheartfoundation.org/

info@blackheartfoundation.org

02034638900

Charity Commission for England and Wales

Listed activities

Amateur Sport
Arts/Culture/Heritage/Science
Education/Training
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
The Advancement Of Health Or Saving Of Lives

GiG Classification

Scientific research and testing services

How it operates

Makes grants to individuals
Makes grants to organisations
Other charitable activities

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
The Clothworkers Foundation - Grant to Black Heart Foundation
£30,000	14/09/2023	Bursaries 2023/24 Academic Year
The Clothworkers Foundation - Grant to Black Heart Foundation
£30,000	28/07/2022	to support Black Heart Foundation's Scholarship Programme for the 2022/23 academic year

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 42-61

BEN SHARPE Appointed: 2019, Occupation: Company Director

CLAIRE HEATH Appointed: 2010, Occupation: Head Of Administration

MATT DAWSON Appointed: 2019, Occupation: Company Director

MICHAEL VAUGHAN Appointed: 2019, Occupation: Media

OLIVIA GRIFFITHS Appointed: 2019, Occupation: Executive Director

RICHARD WAYNE LEWIS (Chair) Appointed: 2010, Occupation: Chief Executive

ROSS HOWLETT Appointed: 2019, Occupation: Managing Director

Legal constitution

Charitable company registered in England & Wales on 12/07/2010, number: 1136813
Registered at Companies House on 30/04/2010, number: 07241076

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Internal charity financial controls policy and procedures
Investing charity funds policy and procedures
Risk management
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

13 returns made; AR18: 25 days late,

Recent reorganisation events:

Asset transfer in from ELEVATION FOUNDATION on 01/06/2023

Main office

C/O TRISTAN CAPITAL PARTNERS
BERKELEY SQUARE HOUSE
8TH FLOOR
BERKELEY SQUARE
LONDON
W1J 6DB

Objectives

6.1 THE OBJECTS OF THE CHARITY ARE, FOR THE PUBLIC BENEFIT, THE ADVANCEMENT OFEDUCATION, THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH, AND SUCHOTHER CHARITABLE PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE AS THE TRUSTEESMAY FROM TIME TO TIME DETERMINE (THE OBJECTS).6.2 THIS PROVISION MAY BE AMENDED BY SPECIAL RESOLUTION BUT ONLY WITH THEPRIOR WRITTEN CONSENT OF THE COMMISSION.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, NATIONAL

Data Sources

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