Finance Score: 4

Governance Score: 4

Support Score: 3

Poor Liquidity: -1
Strong growth: +2
Fundraising costs low: +3

No volunteer policy: -2
Good trustee age range: +3
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 11

GENERATION: YOU EMPLOYED, UK

Mission:

Generation has the vision of a meaningful career for every person, and mission to support people into life-changing employment opportunities they otherwise could not access.

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Although this charity works with volunteers it does not have a Volunteer Management policy

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

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
31/12/22		£4,782	£4,781	£2	£45	£556	£556	1.4	68	30
31/12/21	*	£4,095	£3,784	£311	£111	£555	£371	1.2	56	20
31/12/20	*	£2,669	£2,649	£21	£111	£244	£87	0.4	19	35
31/12/19	*	£1,591	£1,368	£223	£102	£223	£147	1.3	8	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.9%
Fundraising Costs/Total Spending: 0.9%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 69%
Liabilities/Income: 26%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 1.4 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.8

Asset Split ?

Established: 5 years

www.generation.org/country/united-kingdom

generationuk@generation.org

07740703460

Charity Commission for England and Wales

Tweets

How you can help

What it does

We achieve this with a unique methodology of profession-specific skills bootcamp training, focused on in-demand careers (specifically in the tech, health and green sectors), with extensive, ongoing pastoral support and matchmaking to interviews with employer partners.

Listed activities

Education/Training
Other Charitable Purposes

GiG Classification

Technical, vocational and continuing education

How it operates

Provides advocacy/advice/information
Provides other finance
Provides services

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

68 employees
30 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Main Grants award
£35,000	08/10/2021	Bootcamps to support disadvantaged, unemployed youth into good quality jobs in the Leeds City Region

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: 27-56

MINH HUY LAI Appointed: 2023, Occupation: Europe Chief Operating Officer

ALICE YVONNE BENTINCK MBE Appointed: 2019, Occupation: Company Director

EUNICE OLUMIDE Appointed: 2020, Occupation: Fashion Art

KEVIN ALAN BONE Appointed: 2019, Occupation: Fund Manager

ANDREW RATCLIFFE Appointed: 2018, Occupation: Ceo, Other trusteeship: ACTION TUTORING,

DAME VIVIAN YVONNE HUNT Appointed: 2017, Occupation: Managing Partner, Other trusteeship: BLACK EQUITY ORGANISATION (BEO),

SAEED ATCHA Appointed: 2019, Occupation: Chief Executive Officer, Other trusteeship: EDUCATION & EMPLOYERS TASKFORCE,

Legal constitution

Charitable company registered in England & Wales on 18/04/2019, number: 1183046
Registered at Companies House on 13/10/2017, number: 11011652

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

4 returns made; AR21: 10 days late, AR20: 3 days late, AR19: 5 days late,

Main office

Isosceles Finance Ltd
One
High Street
EGHAM
Surrey
TW20 9HJ

Objectives

THE OBJECTS OF THE CHARITY (THE ÔOBJECTSÖ) ARE, FOR THE BENEFIT OF THE PUBLIC:(1) TO ADVANCE EDUCATION BY THE PROVISION, ENCOURAGEMENT AND PROMOTION OF EDUCATION, INSTRUCTION OR TRAINING IN PROFESSIONS, VOCATIONS, INDUSTRIES, CRAFTS, TRADES OR THE TECHNICAL AND BEHAVIOURAL SKILLS NEEDED IN EMPLOYMENT; AND(2) THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT INCLUDING BUT WITHOUT LIMITATION BY:(A) THE PROVISION AND PROMOTION OF TRAINING AND RETRAINING;(B) FACILITATING ACCESS TO WORK EXPERIENCE, APPRENTICESHIPS AND EMPLOYMENT OPPORTUNITIES; (C) THE PROVISION OF MENTORING, GUIDANCE AND ADVICE; AND(D) THE PROVISION OF ANY OTHER REASONABLE SUPPORT IN CONNECTION WITH THE ABOVE OR ANY OTHER MEANS OF RELIEVING UNEMPLOYMENT.NOTHING IN THESE 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 OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

Data Sources