Finance Score: 2

Governance Score: 9

Support Score: 9

Strong growth: +2

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

Large volunteer base +3
Overall weighted support: +6

Overall GiG Score: 20

THE ECONOMIST EDUCATIONAL FOUNDATION

The Charity enables high-quality discussions about the news in, and between, schools. These discussions develop young people's knowledge of current affairs, critical thinking, literacy and confidence. The Charity supports these discussions by providing teacher training and resources, news content and online discussion platforms.

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
The charity has received backing from several prominent grant makers recently
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

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
31/03/23		£695	£724	£-29	£0	£561	£426	7.1	14	295
31/03/22		£665	£498	£167	£0	£589	£452	10.9	10	160
31/03/21		£598	£393	£205	£77	£422	£267	8.1	7	92
31/03/20		£346	£322	£23	n/a	n/a	n/a	n/a	n/a	n/a
31/03/19		£216	£207	£9	n/a	n/a	n/a	n/a	n/a	n/a
31/03/18		£304	£232	£72	n/a	n/a	n/a	n/a	n/a	n/a
31/03/17		£196	£160	£36	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16		£196	£160	£36	n/a	n/a	n/a	n/a	n/a	n/a
31/03/15		£103	£105	£-2	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14		£80	£77	£3	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13	*	£100	£81	£19	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: 12%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 14%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 76%
Reserves/Spending: 7.1 months
Net Current Assets/Spending: 9 months
Quick Ratio: 6.3

Asset Split ?

Balance Sheet History

Established: 12 years

economistfoundation.org

emilyevans@economist.com

02075768000

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

General Community services

How it operates

Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People

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.

Major supporters in last 5 years

DCMS	£77,000
Garfield Weston Foundation	£35,000
Rank Foundation	£20,000

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Main Grants award
£20,000	20/06/2023	Topical Talk UK
Rank Foundation - GOLDEN AWARDS THE ECONOMIST FOUNDATION 2022
£20,000	23/03/2022	The Golden Award was given to The Economist Foundation to create current affairs content for young people to engage with, digitally, within schools, at home and within the RankNet community.
DCMS - Media Literacy Train the Trainer Grant Scheme- Economist Educational Foundation
£77,000	01/04/2021	This grant will be used to support this organisation to adapt their media literacy resources to be tailored for schools and teachers working with children with SEND (special educational needs and disabilities). This supports the DCMS Online Media ....more This grant will be used to support this organisation to adapt their media literacy resources to be tailored for schools and teachers working with children with SEND (special educational needs and disabilities). This supports the DCMS Online Media Literacy Strategy objectives to improve access to media literacy resources for audiences who are vulnerable online.
Garfield Weston Foundation - Main Grants award
£15,000	04/12/2020	Educating and inspiring young people to think for themselves about current affairs.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 36-69

ASHWIN ASHOK TIRODKAR Appointed: 2023, Occupation: Chief Operating Officer

DANIEL ELLIS FRANKLIN Appointed: 2012, Occupation: Journalist

HENRY JOHN MOREY TRICKS Appointed: 2020, Occupation: Journalist

KIKELOMO TERESA GRACE AGUNBIADE Appointed: 2018, Occupation: Non-Executive Director

LAURA BROWN Appointed: 2023, Occupation: Charity Ceo

LUCY GWENDOLINE ASHMAN Appointed: 2023, Occupation: Education Consultant

MARTYN ALEXANDER CADDICK Appointed: 2016, Occupation: Director

NICK SHIPPIN Appointed: 2018, Occupation: Chartered Accountant

STEPHEN JOHN GODSELL Appointed: 2012, Occupation: Solicitor

Legal constitution

Charitable company registered in England & Wales on 12/06/2012, number: 1147661
Registered at Companies House on 30/01/2012, number: 07927534

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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
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
Volunteer management

Filing Record

11 returns made; AR13: 2 days late,

Main office

The Adelphi
1-11 John Adam Street
LONDON
WC2N 6HT

Objectives

3. OBJECTS3.1 The objects of the Charity are to advance the education of children and young people for the public benefit in such ways as the Trustees think fit, and in particular (but without limitation) by: (a) providing educational experiences for children and young people, in particular those who are socially and economically disadvantaged; and (b) producing and making available educational materials about current affairs, key world events, business and finance, science and technology, culture and such other areas as the Trustees think fit; and (save for purposes incidental and ancillary to those objects), no other purposes.

Data Sources

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