Finance Score: -5

Governance Score: -2

Support Score: 0

Excess reserves: -5

Narrow trustee age band: -2

No supporters identified

Overall GiG Score: -7

EDCITY OFFICE

EdCity Office is a charitable company responsible for running the EdCity project office space in White City. The office building will bring together tenants including mission-aligned organisations who, individually and collectively, are aiming to transform outcomes for children in challenging circumstances in the UK and beyond.

Analysis by Giving is Great

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity only provides its support via other charities
The Board has little diversity in terms of age
Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £20,591,000 available, equivalent to 7060 months of spending and so may not be able to utilise additional funding

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
31/10/22	£561	£35	£526	£0	£20,591	£20,591	7059.8
31/10/21	£11,521	£168	£11,353	£0	£19,622	£19,622	1401.6
31/10/20	£3,447	£3,426	£21	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 56%
Liabilities/Income: 4766%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 7059.8 months
Net Current Assets/Spending: 4559 months
Quick Ratio: 0.3

Asset Split ?

Established: 5 years

elizabeth.dawson@arkonline.org

02031167052

Charity Commission for England and Wales

Listed activities

General Charitable Purposes

GiG Classification

Philanthropic intermediaries and voluntarism promotion

How it operates

Provides buildings/facilities/open space

Where it operates

Hammersmith And Fulham,

Who it helps

Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 50-64

IAN WACE Appointed: 2018, Occupation: Fund Manager

JACQUELINE RUSSELL Appointed: 2022, Occupation: Chief Operating Officer

BARONESS SALLY MORGAN Appointed: 2024, Occupation: Company Director, Other trusteeships: NATIONAL HEART AND LUNG FOUNDATION, EDUCATION POLICY INSTITUTE, The Professional Teaching Institute,

ELIZABETH DAWSON Appointed: 2022, Occupation: Director Of Governance, Other trusteeship: DOORSTEP LIBRARY NETWORK,

Legal constitution

Charitable company registered in England & Wales on 23/07/2019, number: 1184547
Registered at Companies House on 01/10/2018, number: 11596797

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

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

Filing Record

3 returns made; all on time

Main office

Absolute Return for Kids
The Yellow Building
Monsoon Building
1 Nicholas Road
LONDON
W11 4AN

Objectives

THE ONLY OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED ARE FOR THE PUBLIC BENEFIT TO FURTHER SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT INCLUDING IN PARTICULAR THE PROMOTION OF THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE EFFECTIVE USE OF CHARITABLE RESOURCES.

Data Sources