Finance Score: -4

Governance Score: -3

Support Score: 0

Poor Liquidity: -1
Large legacies income: +1
Accounts filed more than 5 days late: -4 times
Strong growth: +2
Multiple Deficits: -2

No conflicts policy: -1
2 Trustees: -2
Narrow trustee age band: -2
Gender balanced board: +3

No supporters identified

Overall GiG Score: -7

GALILEO FOUNDATION

Sponsoring events, supporting other charities

Analysis by Giving is Great

Positives:

This charity has received considerable income from legacies in recent years
There has been strong growth in spending since inception

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity does not have a Conflict of Interests policy
There are only 2 trustees
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
Accounts have been filed late on 4 occasions over the last 5 years and the current period appears to have been extended
On several occasions in recent years income has been 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
31/07/22	*	£1,494	£1,267	£227	£295	£232	£196	1.9	1	1
31/07/21	*	£51	£255	£-205	n/a	n/a	n/a	n/a	n/a	0
31/07/20	*	£914	£769	£145	£177	£209	£209	3.3	0	0
31/07/19		£338	£481	£-143	n/a	n/a	n/a	n/a	n/a	0
31/07/18	*	£505	£324	£181	£43	£207	£207	7.7	2	0

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Financial Ratios

Fundraising Costs/Relevant Income: 19.8%
Fundraising Costs/Total Spending: 23.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 84%
Reserves/Spending: 1.9 months
Net Current Assets/Spending: 2 months
Quick Ratio: INF

Asset Split ?

Established: 6 years

www.galileofoundation.org

john@galileofoundation.org

07900888812

Charity Commission for England and Wales

Tweets

Listed activities

General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

1 employee
1 volunteer

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (2)

Current Trustees appointed

Gender Split

Age Range of Trustees: 49-52

JOHN FARRELL NORMAND Appointed: 2023, Occupation: Economist

LUCY DOUGHTY (Chair) Appointed: 2017, Occupation: Director, Other trusteeships: THEIRWORLD, THE DOUGHTY FAMILY FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 23/11/2017, number: 1175889
Registered at Companies House on 18/07/2016, number: 10283625

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Volunteer management

Filing Record

5 returns made; AR22: 257 days late, AR21: 43 days late, AR20: 77 days late, AR18: 140 days late,

Main office

71-75 SHELTON STREET
LONDON
WC2H 9JQ

Objectives

The charity is established for the benefit of the public to promote any charitable purpose that the Directors in their absolute discretion think fit including but not limited to the promotion and advancement of the Roman Catholic religion by supporting the mission of Pope and aligned organisations of the Roman Catholic Church.

Data Sources