Finance Score: -50

Governance Score: 0

Support Score: 0

In administration/insolvent: -50

Overall GiG Score: -50

THE CARES FAMILY LIMITED

Overview

This Charity announced that it had ceased operating due to insolvency on 31st October 2023

Source: Giving is Great

Mission:

Helping people find connection and reducing loneliness by bringing people together and bridging gaps across social and generational divides

Analysis by Giving is Great

Financial issues to consider:

This charity is in Administration or Insolvent

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
31/08/22	£949	£949	£0	£261	£347	£300	3.8	14	100
31/08/21	£862	£629	£233	£244	£347	£245	4.7	12	100
31/08/20	£330	£284	£46	n/a	n/a	n/a	n/a	n/a	n/a
31/08/19	£237	£170	£68	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 54.8%
Fundraising Costs/Total Spending: 27.5%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 72%
Liabilities/Income: 94%
Unrestricted Funds/Total Funds: 86%
Reserves/Spending: 3.8 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.2

Asset Split ?

Balance Sheet History

Comment: The Cares Family is made up five independent ‘sibling’ organisations (North London Cares, South London Cares, East London Cares, Manchester Cares and Liverpool Cares), affiliated by brand with joint trustees. The charities each report their own annual accounts separately but share learnings and some economies of scale. Core funding donated to The Cares Family is distributed as needed towards those siblings organisations

Source: Giving is Great

Established: 6 years
(8 years as a company)

RSMUK.COM

RESTRUCTURING.LONDON.CORE@RSMUK.COM

02032018000

Charity Commission for England and Wales

Tweets

What it does

The Cares Family is a group of community networks that bring young professionals and older neighbours together, allowing them to hang out and help one another while combating loneliness and isolation

Listed activities

Disability
Economic/Community Development/Employment
General Charitable Purposes

GiG Classification

Practical support, advice & companionship

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies

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.

Major supporters in last 5 years

The October Club	£908,000
Tudor Trust	£92,000
The EQ Foundation	£55,000
National Lottery Community Fund	£46,300
Innox Foundation	£25,000

Specific Donations

Amount	When Months	To be used for
The EQ Foundation - Grant to The Cares Family
£25,000	06/09/2023	Leaving No-one Behind campaign
Innox Foundation - Grant to Cares Family
£25,000	25/11/2021	Funding for The Cares Family to reengage young adults in their work
Tudor Trust - Grant to The Cares Family Ltd
£90,000	23/11/2021 24	over two years as unrestricted continuation funding for a group of charities tackling loneliness by building connections amongst neighbours across the UK
The October Club -
£908,000	31/10/2021
The EQ Foundation - Grant to The Cares Family
£15,000	15/08/2021	Unrestricted
Tudor Trust - Grant to The Cares Family Ltd
£2,000	22/03/2021	as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
National Lottery Community Fund - Covid-19 Finding connection and community in a disconnected age
£46,300	03/07/2020 6	The funding will provide virtual social clubs that bring older and younger neighbours together in groups through online quizzes yoga sessions history nights discussion groups and more. The aim is to keep people connected digitally and reduce ....more The funding will provide virtual social clubs that bring older and younger neighbours together in groups through online quizzes yoga sessions history nights discussion groups and more. The aim is to keep people connected digitally and reduce feelings of loneliness and isolation.
The EQ Foundation - Grant to The Cares Family
£5,000	15/06/2020	Coronavirus appeal
The EQ Foundation - Grant to The Cares Family
£10,000	31/05/2020	Coronavirus appeal
Greater London Authority - London Family Fund
£67,000	01/10/2019	The Family Fund supports organisations that are bringing diverse families together for support and common purpose. The fund aims to improve parents social networks, reduce social isolation and improve social integration at a local level between ....more The Family Fund supports organisations that are bringing diverse families together for support and common purpose. The fund aims to improve parents social networks, reduce social isolation and improve social integration at a local level between diverse families.
Tudor Trust - Grant to The Cares Family Ltd
£90,000	15/05/2019 24	over two years towards the salary and associated costs of a new full-time chief operating officer at a charity fostering community networks of young professionals and older neighbours in urban settings around the UK

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 35-77

AKIRA KIRTON Appointed: 2022 Occupation: Chief Executive

ANTHONY MUNRO Appointed: 2022 Occupation: Finance Director

DAVID WARNE Appointed: 2022 Occupation: Solicitor

FIONA STEVENSON Appointed: 2022 Occupation: Finance Director

IANA VIDAL Appointed: 2021 Occupation: Public Affairs and Communications

Iana is a public affairs and communications professional, with a passion for supporting people to affect positive change at a local and national level. She has experience across a diverse range of sectors including health, justice, education and finance. Iana has been part of The Cares Family for many years as a younger neighbour at South London....more

OLIVER RICKMAN Appointed: 2022 Occupation: Strategic Advisor

POLLY BALSOM Appointed: 2018 Occupation: Charity Communications Specialist

Polly is Head of Communications and Marketing at Royal Trinity Hospice where she leads on messaging and campaign delivery. She was previously responsible for communications and partnership campaigns at Missing People, and helped to establish HIV support charity Body & Soul’s social enterprise ‘Brave’.

Legal constitution

Charitable company registered in England & Wales on 12/11/2018, number: 1180638
Registered at Companies House on 16/06/2016, number: 10236615

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

4 returns made; all on time

Main office

R S M UK
25 FARRINGDON STREET
LONDON
EC4A 4AB

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT AND ARE RESTRICTED TO THE FOLLOWING:TO PROMOTE SOCIAL INCLUSION AMONGST PEOPLE WHO DO NOT REGULARLY PARTICIPATE IN COMMUNITY LIFE, INCLUDING (WITHOUT LIMITATION) THOSE WHO DO NOT HAVE LARGE OR STRONG NETWORKS OF FRIENDS AND FAMILY AROUND THEM, WHO MAY BE LONELY OR ISOLATED, OR AT RISK OF LONELINESS OR ISOLATION, AND WHO MAY BE, OR MAY BE AT RISK OF, HAVING DIFFICULTY ACCESSING STATUTORY AND NON-STATUTORY SERVICES, (FOR EXAMPLE, BECAUSE THEY ARE HOUSE-BOUND, IMMOBILE, UNABLE TO DRIVE OR TO EASILY ACCESS TRANSPORT, OR ARE OTHER OTHERWISE DISADVANTAGED DUE TO OTHER SOCIAL OR ECONOMIC FACTORS).TO ADVANCE IN LIFE AND HELP YOUNG PEOPLE THROUGH:(A) THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE, AND(B) PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS.NOTHING IN THE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

Data Sources

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