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home >> charity search >> the mainstay foundation
Finance Score: 3
Governance Score: -1
Support Score: 3
  • Fundraising costs low: +3
  • Only 4 Trustees: -1
  • Gov Income
  • Grant maker support: +3
Overall GiG Score: 5 ?

THE MAINSTAY FOUNDATION 

The Mainstay Foundation primarily awards grants to organisations to assist them in their activities in line with the objectives of the charity. The objective of the charity is to assist the advancement of Shia Muslim communities globally in the areas of Religion, Education and Development. The Mainstay Foundation also establish some initiatives, such as events, in line with its objectives.
Analysis by Giving is Great

Positives:

  • The charity has received Government grants
  • Spending has increased over the last 3 years relative to the previous period
  • There have been no material income shortfalls in recent years
  • Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

  • There are only 4 trustees

Financial issues to consider:

  • There has been a change of accounting period recently, so trends may be hard to determine
miles

Financial Data ?

Income & Spending ?
N.B. data has been adjusted to reflect year end change
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
31/03/23£4,243£3,426£816£3£1,374£1,3844.8860
31/03/22£2,640£2,391£249£0£558£5452.758
31/03/21?£2,765£3,221£-456£0£309£3091.238
31/12/19£2,383£2,191£192£0£766£7464.1360
31/12/18£2,704£2,436£269£6£573£5732.8140
31/12/17£1,022£738£284£0£305£305510
31/12/16£98£77£21£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 0.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 14%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 101%
Reserves/Spending: 4.8 months
Net Current Assets/Spending: 5 months
Quick Ratio: 7.4
Asset Split ?
Established: 8 years

www.themainstay.org.uk

07507899044

Charity Commission for England and WalesFacebookInstagramX
UN SDGs
?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
  • Human Rights/Religious Or Racial Harmony/Equality Or Diversity
  • Other Charitable Purposes
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Grant-making foundations
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Other charitable activities
Where it operates
  • Burundi, Denmark, Germany, India, Iraq, Italy, Kenya, Madagascar, Malawi, Netherlands, Rwanda, Scotland, Sweden, Tanzania, Throughout England And Wales, United States,
Who it helps
  • Children/Young People
  • Elderly/Old People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • People Of A Particular Ethnic Or Racial Origin
  • People With Disabilities
Who works here?
  • 8 employees
  • 60 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)
Current Trustees appointed

Legal constitution
  • Charity registered in England & Wales on 11/03/2016, number: 1166017
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
  • 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
7 returns made; all on time
Main office

Office 11
Abji Bapashree House
211 Kingsbury Road
London

Objectives

THE OBJECTS OF THE CIO ARE:3.1 THE ADVANCEMENT OF THE RELIGION OF ISLAM IN ACCORDANCE WITH THE PRINCIPLES AND TENETS OF THE SHIA ITHNA ASHARI MUSLIM FAITH;3.2 THE ADVANCEMENT OF EDUCATION AMONG ADHERENTS OF THE SHIA ITHNA ASHARI MUSLIM FAITH BY PROVIDING SUPPORT TO INSTITUTIONS AND SCHOLARSHIPS TO INDIVIDUALS; AND3.3 THE ADVANCEMENT OF COMMUNITY DEVELOPMENT, PRIMARILY FOR THE BENEFIT OF ADHERENTS OF THE SHIA ITHNA ASHARI MUSLIM FAITH WORLDWIDE, BY MEANS INCLUDING:3.3.1 THE RELIEF OF POVERTY AND THE IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES AND AMONG VULNERABLE GROUPS;3.3.2 THE PROMOTION OF NATIONAL AND INTERNATIONAL CONFLICT RESOLUTION AND RECONCILIATION; AND3.3.3 THE RELIEF OF FINANCIAL NEED AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTER.

Data Sources

Charity Commission for England and Wales
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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