Finance Score: 2

Governance Score: 1

Support Score: 8

Strong growth: +2
No PartB

Narrow trustee age band: -2
Dynamic board: +3

Overall weighted support: +8

Overall GiG Score: 11

SUMERIAN FOUNDATION

Sumerian Foundation supports start up and growing social purpose organisations to tackle social inequality in the UK, and also focuses on social purposes organisations providing healthcare services to people on low incomes in East Africa.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
A significant proportion of recent income was derived from major grant makers
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age
Over half the Board have joined recently

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data

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
31/12/23	£360	£277	£84	n/a	n/a	n/a	n/a	n/a	n/a
31/12/22	£329	£257	£72	n/a	n/a	n/a	n/a	n/a	n/a
31/12/21	£339	£191	£148	n/a	n/a	n/a	n/a	n/a	n/a
31/12/20	£120	£191	£-72	n/a	n/a	n/a	n/a	n/a	n/a
31/12/19	£526	£177	£349	£0	£819	£22	1.5	0	0
31/12/18	£286	£113	£173	n/a	n/a	n/a	n/a	n/a	n/a
31/12/17	£300	£6	£294	n/a	n/a	n/a	n/a	n/a	n/a

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Download accounts

Highest pay bracket: less than £60,000

Balance Sheet History

Established: 8 years

www.sumerianfoundation.org

info@sumerianfoundation.org

02071935800

Charity Commission for England and Wales

Listed activities

Environment/Conservation/Heritage
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes grants to organisations
Provides advocacy/advice/information
Provides other finance

Where it operates

Kenya, Throughout England And Wales,

Who it helps

The General Public/Mankind

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.

Specific Donations

Amount	When Months	To be used for
Esmee Fairbairn - Social investment to Sumerian Foundation
£500,000	09/11/2023	Towards project costs Inclusive social investment and mentoring for diverse-led social enterprises in partnership with the Sumerian Foundation, the MariaMarina Foundation and the Access Foundation
Comic Relief - Scaling up the UK Social Inequality Facility
£1,500,000	25/05/2021 36	Bespoke support and equity-like flexible finance to 20 early stage charities and social enterprises
Barrow Cadbury Trust - Disseminating learning from philanthropic capital
£30,000	30/07/2019 5	To engage a wider number of trusts and foundations to build a learning platform for philanthropic capital
Barrow Cadbury Trust - Developing a Learning Platform for Venture Philanthropy
£30,000	20/12/2018 4	To develop a learning platform for venture philanthropy to enable wider access to patient capital for VCSEs in the UK
Comic Relief - Sumerian Foundation - social investment
£400,000	25/09/2018 60	This is a social investment in the Sumerian Foundation to grow their facility which supports the scaling of social enterprises in the UK 10 year investment.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 51-64

CLARE WOODCRAFT Appointed: 2016, Occupation: Ceo

DR CHRIS WEST Appointed: 2022, Occupation: None

ISABELLE IRANI Appointed: 2023, Occupation: Director

NICHOLAS ADRIAN COLLOF OBE Appointed: 2016, Occupation: Ceo

RAHUL NATH MOODGAL Appointed: 2022, Occupation: Finance

Legal constitution

Charitable company registered in England & Wales on 07/10/2016, number: 1169532
Registered at Companies House on 15/06/2016, number: 10234246

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
Safeguarding policy and procedures
Trustee conflicts of interest policy and procedures

Filing Record

7 returns made; all on time

Main office

TWO TEMPLE PLACE
2 TEMPLE PLACE
LONDON
WC2R 3BD

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT TO FURTHER ANY PURPOSE WHICH IS EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES (PROVIDED THAT THE CHARITY MAY NOT FURTHER ANY PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH THE LAWS OF SCOTLAND AND NORTHERN IRELAND).

Data Sources

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