Finance Score: -5

Governance Score: 9

Support Score: 0

Volatile income & significant deficit in latest year: -5
No PartB

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

No supporters identified

Overall GiG Score: 4

IMMERSION CAPITAL FOUNDATION

The Foundation has continued to build its capital through donations received and returns on its investments for the purpose of meeting its charitable objectives. It has made a number of donations to charitable institutions through this period.

Analysis by Giving is Great

Positives:

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 issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
Income has been volatile recently and was significantly lower than spending in the latest year

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
31/03/23		£5	£85	£-80	n/a	n/a	n/a	n/a	n/a	0
31/03/22		£1,240	£297	£943	£0	£2,340	£2,340	94.7	0	0
31/03/21		£1,223	£608	£615	£0	£1,452	£1,452	28.7	0	0
31/03/20		£9	£7	£1	n/a	n/a	n/a	n/a	n/a	0
31/03/19		£114	£5	£109	n/a	n/a	n/a	n/a	n/a	2
31/03/18		£420	£5	£415	£0	£0	£0	n/a	0	0
31/03/17	*	£166	£6	£161	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

Established: 8 years

foundation@immersioncapital.com

02079472150

Charity Commission for England and Wales

Listed activities

Education/Training
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
The Prevention Or Relief Of Poverty

GiG Classification

Philanthropic intermediaries and voluntarism promotion

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides services

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 31-62

CHARLES WOOLNOUGH Appointed: 2021, Occupation: Company Director

MAY CAITLIN PRIOR Appointed: 2023, Occupation: Philanthropy

SHARON VIRGINIA BEATTY Appointed: 2023, Occupation: Operations

MICHAEL SIDHOM (Chair) Appointed: 2014, Occupation: Investment Manager

JIM KANDUNIAS Appointed: 2014, Occupation: Company Director, Other trusteeship: THE RHYTHM STUDIO FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 04/04/2016, number: 1166342
Registered at Companies House on 28/11/2014, number: 09332931

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management

Filing Record

7 returns made; AR17: 112 days late,

Main office

Stag House
Old London Road
Hertford
Hertfordshire
SG13 7LA

Objectives

THE CHARITY'S OBJECTS (OBJECTS) ARE, FOR THE PUBLIC BENEFIT:(A) TO ADVANCE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF THE PUBLIC IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) BY ALL OR ANY OF THE FOLLOWING MEANS:I. ASSISTING IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT ANY CHARITY WHOSE AIMS INCLUDE ADVANCING THE EDUCATION OF INDIVIDUALS BY DEVELOPING THEIR MENTAL AND PHYSICAL CAPABILITIES; II. PROVIDING ASSISTANCE TO PREPARE PEOPLE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION; III. PROVIDING AND ASSISTING EXISTING REGISTERED CHARITIES IN THE PROVISION OF FACILITIES FOR EDUCATION AT LEARNING AND OTHER SIMILAR CENTRES THE PREVENTION AND RELIEF OF POVERTY, INCLUDING (BUT NOT LIMITED TO) BY TRYING TO MAKE AVAILABLE SUSTAINABLE SOURCES OF SUSTENANCE FOR THOSE IN NEED; (B) THE PREVENTION AND RELIEF OF POVERTY, INCLUDING (BUT NOT LIMITED TO) BY TRYING TO MAKE AVAILABLE SUSTAINABLE SOURCES OF SUSTENANCE FOR THOSE IN NEED; AND(C) TO PROMOTE SUCH OTHER CHARITABLE PURPOSES AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE DIRECTORS SHALL AT THEIR ABSOLUTE DISCRETION DETERMINE.

Data Sources