Finance Score: 1

Governance Score: -5

Support Score: 0

Multiple Deficits: -2
Fundraising costs low: +3

Narrow trustee age band: -2
All female board: -3

No supporters identified

Overall GiG Score: -4

THE VIRGIN FOUNDATION

Virgin Unite was established by Richard Branson and staff across the Virgin Group to deliver entrepreneurial approaches to social and environmental issues. Virgin Unite works with all the Virgin companies around the world in partnership with social entrepreneurs to build sustainable solutions to some of thoughest challenges facing the world today.

Analysis by Giving is Great

Positives:

Fundraising costs are low relative to funds raised

Regulatory & Governance issues to consider:

The Board is completely female
The Board has little diversity in terms of age

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 37 years

www.virgin.com/unite

contact@virginunite.co.uk

02073132000

Charity Commission for England and Wales

Tweets

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
31/12/22		£10,248	£12,169	£-1,921	£669	£7,438	£4,859	4.8	13
31/12/21		£11,949	£12,463	£-514	£753	£8,968	£6,115	5.9	5
31/12/20		£7,785	£14,094	£-6,309	£547	£9,875	£6,402	5.5	12
31/12/19		£11,537	£18,022	£-6,485	£659	£16,397	£12,286	8.2	12
31/12/18		£10,492	£14,501	£-4,009	£606	£23,537	£18,567	15.4	12
31/12/17		£15,551	£12,847	£2,704	£1,637	£26,300	£20,286	18.9	20
31/12/16		£11,658	£12,177	£-519	£851	£25,589	£20,048	19.8	38
31/12/15		£12,444	£11,464	£980	£948	£21,878	£18,268	19.1	38
31/12/14?		£7,509	£5,639	£1,870	£823	£17,456	£12,842	27.3	50
31/03/13		£9,525	£8,143	£1,382	£642	£13,916	£9,503	14	23
31/03/12		£10,570	£8,490	£2,080	£2,138	£12,489	£7,652	10.8	23
31/03/11	*	£10,890	£8,810	£2,080	£3,060	£10,991	£5,345	7.3	23
31/03/10		£9,396	£2,452	£6,944	£1,709	£8,300	£4,441	21.7	23
31/03/09	*	£9,396	£7,070	£2,326	£3,120	£5,104	£2,656	4.5	23
31/03/08		£7,012	£6,103	£909	£1,653	£2,652	£1,144	2.2	15
31/03/07	*	£4,254	£3,135	£1,119	£1,130	£1,732	£281	1.1	9
31/03/06	*	£1,575	£1,237	£338	£0	£0	£0	n/a	0
31/03/05?	*	£583	£417	£166	£0	£0	£0	n/a	0
31/07/04	*	£68	£221	£-154	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 6.7%
Fundraising Costs/Total Spending: 5.5%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £140,000-£150,000
Liabilities/Assets: 35%
Liabilities/Income: 39%
Unrestricted Funds/Total Funds: 65%
Reserves/Spending: 4.8 months
Net Current Assets/Spending: 7 months
Quick Ratio: 2.5

Asset Split ?

Listed activities

Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
Overseas Aid/Famine Relief
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides other finance
Sponsors or undertakes research

Where it operates

Australia, Canada, Jamaica, South Africa, Throughout England, United States,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

13 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 42-58

AJAZ AHMED Appointed: 2013, Occupation: Ceo/Founder Of Akqa

HOLLY KATIE TEMPLEMAN BRANSON Appointed: 2009, Occupation: Chair

JEAN MARIE OELWANG Appointed: 2017, Occupation: President

NATHALIE JAMILA RICHARDS Appointed: 2017, Occupation: Ceo, Edukit

NICOLA HUMPHREY Appointed: 2022, Occupation: Chief People Officer

VANESSA BRANSON Appointed: 2004, Occupation: Chair

Legal constitution

Charitable company registered in England & Wales on 25/08/1987, number: 297540
Registered at Companies House on 03/08/1987, number: 02155645

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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

Filing Record

19 returns made; AR11: 24 days late, AR09: 86 days late, AR07: 113 days late, AR06: 1 days late, AR05: 50 days late, AR04: 30 days late,

Main office

66 Porchester Road
London
W2 6ET

Objectives

For the public benefit to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time.

Defined Area of Benefit:

NOT DEFINED

Data Sources