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home >> charity search >> zero gravity fund
Finance Score: 0
Governance Score: 3
Support Score: 2
    • Dynamic board: +3
    • Overall weighted support: +2
    Overall GiG Score: 5 ?

    ZERO GRAVITY FUND

    Talent is everywhere, but opportunity is not. We're changing that. We provide scholarships to talented students from low-income backgrounds, enabling them to focus on their studies and future careers without the burden of financial anxiety. Combined with Zero Gravity's career support, we ensure students don't just survive at university: they unlock the future they never thought possible.
    Analysis by Giving is Great

    Positives:

    • The charity has received modest backing from a grant maker recently
    • This charity has an endowment fund which generates much of its income. Its latest spending amounts to 283.1% of total funds
    • The Board appears to be dynamic in terms of composition

    Regulatory & Governance issues to consider:

    • Over half the Board have joined recently

    Financial issues to consider:

    • There has been a change of accounting period recently, so trends may be hard to determine
    Find similar charities within: miles

    Financial Data ?

    Income & Spending ?
    N.B. data has been adjusted to reflect year end change
    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
    31/12/23£988£1,013£-24£167£358£50.100
    31/12/22?£1,000£912£87£9£513£76100
    31/07/21£51£1£51n/an/an/an/an/an/a
    Download accounts
    Financial Ratios
    Fundraising Costs/Relevant Income: 0%
    Fundraising Costs/Total Spending: 0%
    Highest pay band: Less than £60,000
    Liabilities/Assets: 65%
    Liabilities/Income: 68%
    Unrestricted Funds/Total Funds: 2%
    Reserves/Spending: 0.1 months
    Net Current Assets/Spending: 3 months
    Quick Ratio: 0.5
    Asset Split ?
    Balance Sheet History
    Established: 5 years

    zerogravity.co.uk/fund

    fund@zerogravity.co.uk

    03301339110

    Charity Commission for England and WalesFacebookInstagramX
    UN SDGs
    ?
    Listed activities
    • Economic/Community Development/Employment
    • Education/Training
    • General Charitable Purposes
    • The Prevention Or Relief Of Poverty
    GiG Classification
    • Academic support
    How it operates
    • Makes grants to individuals
    Where it operates
    • Northern Ireland, Scotland, Throughout England And Wales,
    Who it helps
    • Children/Young People
    • Other Defined Groups
    • The General Public/Mankind

    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.

    Specific Donations
    Amount When
    Months    		 To be used for
    Quartet Community Foundation - Grant to Zero Gravity Fund
    £3,000 14/04/2023
    Zero Gravity Fund is a registered charity that provides hundreds of £3000 grants to our most engaged students from low-opportunity areas who have overcome significant challenges to achieve top grades and university offers.

    Data sourced from Donors via 360 Giving

    How is it governed?

    Trustees (7)
    Current Trustees appointed

    • GREGORY MOOK Appointed: 2024
    • IDE KEARNEY Appointed: 2023
    • KERRY PHILLIP Appointed: 2022
    • KIRSTY PREST Appointed: 2021
    • MARK LAMBERT Appointed: 2023
    • PHILIP KEITCH RIDDLE Appointed: 2024
    • VIRGINIE DAFFORN-GORGEMANS Appointed: 2024
    Legal constitution
    • Charity registered in England & Wales on 25/02/2020, number: 1188177
    Gift Aid
    • Registered with HMRC for Gift Aid
    Policies in force
    • Complaints handling
    • Complaints policy and procedures
    • Conflicting interests
    • Financial reserves policy and procedures
    • Internal charity financial controls policy and procedures
    • Internal risk management policy and procedures
    • Investing charity funds policy and procedures
    • Investment
    • Risk management
    • Safeguarding policy and procedures
    • Safeguarding vulnerable beneficiaries
    • Serious incident reporting policy and procedures
    • Trustee conflicts of interest policy and procedures
    • Trustee expenses policy and procedures
    Filing Record
    3 returns made; all on time
    Main office

    FIRST FLOOR
    10 QUEEN STREET PLACE
    LONDON
    EC4R 1BE

    Objectives

    THE OBJECTS OF THE CIO ARE TO ADVANCE THE EDUCATION AND CAREER PROSPECTS OF TALENTED STUDENTS FROM LOW INCOME BACKGROUNDS IN PARTICULAR BUT NOT EXCLUSIVELY BY:(1) THE PROVISION OF BURSARIES FOR THEIR MAINTENANCE WHILE IN EDUCATION AND TO SUPPORT THEIR ACADEMIC AND VOCATIONAL TRAINING; AND(2) ASSISTING THEM IN ACHIEVING THE NECESSARY QUALIFICATIONS AND WORK EXPERIENCE TO PURSUE THEIR CHOSEN CAREER

    Data Sources

    Charity Commission for England and Wales
    360 Giving

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