Finance Score: -7

Governance Score: 2

Support Score: 0

Excess reserves: -3
Reasonable growth: +1
Multiple Deficits and declines: -5

Only 4 Trustees: -1
Gender balanced board: +3

No supporters identified

Overall GiG Score: -5

THE EUREKA CHARITABLE TRUST

The Eureka Charitable Trust provides funding to a variety of organisations as the trustees in their absolute discretion see fit.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period, despite a decline more recently

Regulatory & Governance issues to consider:

There are only 4 trustees

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £9,999,823 available, equivalent to 36 months of spending and so may not be able to utilise additional funding
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	Volun- teers
30/06/23	£615	£3,315	£-2,700	£0	£13,312	£10,000	36.2	0	1
30/06/22	£7,488	£4,607	£2,881	£0	£15,359	£11,672	30.4	0	1
30/06/21	£7,227	£1,164	£6,063	£0	£10,808	£10,808	111.4	0	1
30/06/20	£2,389	£3,763	£-1,374	£0	£3,405	£3,405	10.9	0	1
30/06/19	£397	£3,938	£-3,541	n/a	n/a	n/a	n/a	n/a	0
30/06/18	£2	£1,690	£-1,688	£0	£0	£0	n/a	0	0
30/06/17	£1	£815	£-814	£0	£0	£0	n/a	0	0
30/06/16	£1,060	£59	£1,002	£0	£8,929	£8,929	1830.6	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 14%
Liabilities/Income: 343%
Unrestricted Funds/Total Funds: 75%
Reserves/Spending: 36.2 months
Net Current Assets/Spending: 10 months
Quick Ratio: 1.2

Asset Split ?

Established: 9 years

EurekaTrust@mwam.com

+44 207 316 2283

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 England And Wales,

Who it helps

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

Who works here?

Unknown number of employees
1 volunteer

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

DUNCAN FORD (Chair) Appointed: 2015

ELIZABETH CLAIRE APPLEFORD Appointed: 2022

MARK EDLIN Appointed: 2023

CLAIRE MUSGRAVE Appointed: 2015, Other trusteeship: THE SEQUOIA TRUST,

Legal constitution

Charity registered in England & Wales on 07/09/2015, number: 1163448

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
Risk management
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

8 returns made; all on time

Main office

C/O MARSHALL WACE ASSET MANAGEMENT
GEORGE HOUSE
131 SLOANE STREET
LONDON
SW1X 9AT

Objectives

FOR SUCH EXCLUSIVELY CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.

Data Sources