Finance Score: 2

Governance Score: 1

Support Score: 3

Poor Liquidity: -1
Fundraising costs low: +3

Only 3 Trustees: -2
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 6

KOREA FUTURE INITIATIVE CIO

We investigate human rights violations in North Korea to support accountability for perpetrators and accelerate justice for victims.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker recently
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

There are only 3 trustees
Over half the Board have joined recently

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	£562	£533	£28	£4	£94	£11	0.3	9	1
31/12/21	£507	£480	£27	£10	£66	£0	0	3	0
31/12/20	£261	£222	£39	n/a	n/a	n/a	n/a	n/a	8

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Financial Ratios

Fundraising Costs/Relevant Income: 0.8%
Fundraising Costs/Total Spending: 0.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 6%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 12%
Reserves/Spending: 0.3 months
Net Current Assets/Spending: 2 months
Quick Ratio: 5.9

Asset Split ?

Established: 5 years

www.koreafuture.org

information@koreafuture.org

02036095415

Charity Commission for England and Wales

Tweets

Listed activities

Human Rights/Religious Or Racial Harmony/Equality Or Diversity

GiG Classification

Poverty relief

How it operates

Sponsors or undertakes research

Where it operates

South Korea, Throughout England,

Who it helps

People Of A Particular Ethnic Or Racial Origin

Who works here?

9 employees
1 volunteer

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
The Joffe Trust - Korea Future Initiative
£51,000	02/10/2020 36	Invest in fundraising

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

MITRA MOADAB MOTLAGH Appointed: 2021, Other trusteeship: CONNECT: NORTH KOREA,

OLIVER STEPHEN IAN WINDRIDGE (Chair) Appointed: 2023, Other trusteeships: CONNECT: NORTH KOREA, THE PAROCHIAL CHURCH COUNCILOF THE ECCLESIASTICAL PARISH OF WEST HORSLEY,SURREY,

VICTORIA JANE NIDA Appointed: 2022, Other trusteeship: CONNECT: NORTH KOREA,

Legal constitution

Charity registered in England & Wales on 16/09/2019, number: 1185332

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

3 returns made; all on time

Main office

120B Malden Road
NEW MALDEN
Surrey
KT3 6DD

Objectives

1) TO PROMOTE HUMAN RIGHTS (AS SET OUT IN THE UNIVERSAL DECLARATION OF HUMAN RIGHTS AND SUBSEQUENT UNITED NATIONS CONVENTIONS AND DECLARATIONS) IN NORTH KOREA BY ALL OR ANY OF THE FOLLOWING MEANS:A) MONITORING ABUSES OF HUMAN RIGHTS;B) OBTAINING REDRESS FOR THE VICTIMS OF HUMAN RIGHTS ABUSE;C) RELIEVING NEED AMONG THE VICTIMS OF HUMAN RIGHTS ABUSE;D) RESEARCH INTO HUMAN RIGHTS ISSUES;E) PROVIDING TECHNICAL ADVICE TO GOVERNMENT AND OTHERS ON HUMAN RIGHTS MATTERS;F) RAISING AWARENESS OF HUMAN RIGHTS ISSUES;G) INTERNATIONAL ADVOCACY OF HUMAN RIGHTS; ANDH) ELIMINATING INFRINGEMENTS OF HUMAN RIGHTS.IN FURTHERANCE OF THAT OBJECT BUT NOT OTHERWISE, THE TRUSTEES SHALL HAVE POWERTO ENGAGE IN POLITICAL ACTIVITY PROVIDED THAT THE TRUSTEES ARE SATISFIED THAT THE PROPOSED ACTIVITIES WILL FURTHER THE PURPOSES OF THE CHARITY TO AN EXTENT JUSTIFIED BY THE RESOURCES COMMITTED AND THE ACTIVITY IS NOT THE DOMINANT MEANS BY WHICH THE CHARITY CARRIES OUT ITS OBJECTS.2) THE RELIEF AND ASSISTANCE OF NORTH KOREAN REFUGEES IN CHINA AND SOUTHEAST ASIA THROUGH THE RAISING AND PROVISION OF FUNDS TO PROVIDE SAFE PASSAGE TO THIRD-COUNTRIES.

Data Sources