Finance Score: 0
Governance Score: 3
Support Score: 8
  • Low unrestricted reserves: -2
  • Volatile income
  • spending growth: -1
  • Fundraising costs low: +3
  • Gender balanced board: +3
  • Large volunteers +5
  • Overall weighted support: +3
Overall GiG Score: 11 ?

FOUNDERS4SCHOOLS 

Mission:

To advance and promote the education of people under the age of 25 in such ways as the charity trustees from time to time think fit including by promoting, facilitating and assisting in the provision of careers education and advice.
Analysis by Giving is Great

Positives:

  • This charity has been very successful in attracting volunteers relative to its size
  • There have been no material income shortfalls in recent years
  • Fundraising costs are low relative to funds raised
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of gender

Financial issues to consider:

  • Unrestricted reserves appear to be dangerously low at the latest year end
  • Income has been volatile recently but spending has been maintained
Comment by the Charity:
    In 2020/21 Founders4Schools launched and funded a new initiative in response to the Covid-19 pandemic called Digital Boost (https://www.digitalboost.org.uk/about-us-2) to provide digital skill support to charities and small businesses to help them grow their revenues and be more productive. As a result, the reserves figure in our 2019/20 accounts is skewed as the funding was put towards this project. It is our \'free reserves\' that represent unrestricted funds that are freely available to spend on any of the charity’s purposes, which were £177,368 in our last audit.

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 Volun-
teers
30/06/23£1,193£1,258£-65£72£136£1271.21136,000
30/06/22£1,414£1,536£-123£347£1,041£9577.5266,071
30/06/21£1,322£1,336£-14£175£1,164£9468.5156,430
30/06/20£2,040£1,221£818£140£1,848£1,69016.6135,587
30/06/19£1,371£1,197£175£177£1,029£8648.7225,709
30/06/18£1,856£1,196£660£185£854£4874.9170
30/06/17?£1,201£1,048£153£0£195£1952.2140
31/12/15*£189£147£42£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 7.8%
Fundraising Costs/Total Spending: 5.7%
Senior Staff Costs/Total Spending: 28%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 76%
Liabilities/Income: 36%
Unrestricted Funds/Total Funds: 94%
Reserves/Spending: 1.2 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1
Asset Split ?
Established: 9 years

https://www.founders4schools.org.uk/

SARAH.BERTOLOTTI@FOUNDERS4SCHOOLS.ORG.UK

07768816220

Charity Commission for England and WalesFacebookInstagramXYouTube
UN SDGs
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How you can help
What it does
Founders4Schools (F4S) improves student\\\'s employment prospects by ensuring role models are accessible to all, without barriers, through a free, quick and easy platform which allows educators to arrange inspiring role model encounters to take place in the classroom or virtually.
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
  • General Charitable Purposes
GiG Classification
  • Technical, vocational and continuing education
How it operates
  • Provides advocacy/advice/information
  • Provides human resources
  • Provides services
  • Sponsors or undertakes research
Where it operates
  • Scotland, Throughout England And Wales,
Who it helps
  • Children/Young People
  • The General Public/Mankind

Who supports 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.

Specific Donations
Amount When
Months
To be used for
DCMS - Digital Boost: Boosting Digital Capability of SMEs and Charities
£27,378 01/04/2021
This business case requests œ250,000 to provide funding to support the additional development costs of the Digital Boost platform until June 2021. This funding will allow the Digital Boost platform ....more
DCMS - Digital Boost: Boosting Digital Capability of SMEs and Charities
£196,330 27/07/2020
This business case requests œ250,000 to provide funding to support the additional development costs of the Digital Boost platform until June 2021. This funding will allow the Digital Boost platform ....more
Nesta - AC00729
£20,000 13/03/2018
7
Inclusive Economy Partnership 2.0 programme grant to Founders 4 Schools Grant Ref AC00729

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)
Current Trustees appointed
Gender Split
Based on 8/9 persons

Legal constitution
  • Charity registered in England & Wales on 15/06/2015, number: 1162197
Gift Aid
  • Registered with HMRC for Gift Aid
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
  • Investment
  • Paying staff
  • 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
8 returns made; AR15: 0 days late,
Main office

DIXON WILSON
CHARTERED ACCOUNTANTS
22 CHANCERY LANE
LONDON
WC2A 1LS

Objectives

3.1 The objects of the CIO are to advance and promote the education of: 3.1.1 young people under the age of 25, with a focus on those from under-represented, under-served and diverse communities; and 3.1.2 people of any age in digital skills, including those employed in micro, SME and large organisations, in such ways as the charity trustees from time to time think fit including by promoting, facilitating and assisting in the provision of careers and skills related education and advice with the intention of: (i) encouraging and enabling young people to leave formal education with a skill set that is appropriate for or consistent with future jobs; and (ii) encouraging and enabling people of any age to advance their skills, reduce the skills gap, and to support young people to develop their employability skills.3.2 The CIO will advance and promote its objects with particular reference to entrepreneurship in the fields of technology, applied sciences and related subjects; or other areas and fields as considered appropriate by the trustees from time to time.3.3 Nothing in this constitution shall authorise an application of the property of the CIO for a purpose which is not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act (Northern Ireland) 2008.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase

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