Finance Score: 5

Governance Score: -8

Support Score: 3

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

2 Trustees: -2
Very static board: -5

Overall weighted support: +3

Overall GiG Score: 0

FORTY LIMITED

property used by other charity

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
There has been strong growth in spending over the last 5 years
Fundraising costs are unusually low relative to funds raised

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
Why are there only 2 trustees?
Why is the Board composition very static?

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but very substantial unrestricted reserves are available

Financial Data ?

Income & Spending ?

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
31/08/23		£1,783	£1,426	£357	£57	£10,815	£10,815	91	0	4
31/08/22		£1,465	£1,462	£3	£9	£10,458	£10,458	85.9	0	4
31/08/21		£1,677	£1,238	£439	£47	£10,455	£10,455	101.3	0	4
31/08/20		£1,358	£815	£543	£41	£9,070	£9,070	133.5	0	10
31/08/19		£1,472	£972	£501	£68	£8,548	£8,548	105.6	0	0
31/08/18	*	£1,182	£668	£514	£0	£8,047	£8,047	144.5	0	0
31/08/17		£1,159	£670	£488	£47	£7,533	£7,533	134.8	0	0
31/08/16		£960	£683	£277	£13	£7,045	£7,045	123.8	0	0
31/08/15	*	£869	£743	£127	£12	£6,768	£3,691	59.6	0	0
31/08/14	*	£566	£573	£-7	£15	£6,641	£3,565	74.7	0	0
31/08/13	*	£446	£161	£285	n/a	n/a	n/a	n/a	n/a	n/a
31/08/12	*	£320	£244	£76	n/a	n/a	n/a	n/a	n/a	n/a
31/08/11	*	£269	£184	£85	n/a	n/a	n/a	n/a	n/a	n/a
31/08/10	*	£282	£317	£-35	n/a	n/a	n/a	n/a	n/a	n/a
31/08/09	*	£296	£284	£12	n/a	n/a	n/a	n/a	n/a	n/a
31/08/08	*	£652	£275	£378	£166	£3,421	£288	12.6	0	0
31/08/07	*	£701	£393	£308	£161	£3,043	£287	8.8	0	0
31/08/06		£679	£406	£273	n/a	n/a	n/a	n/a	n/a	n/a
31/08/05	*	£1,063	£930	£133	n/a	n/a	n/a	n/a	n/a	n/a
31/08/04	*	£1,198	£151	£1,047	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 3.3%
Fundraising Costs/Total Spending: 4%
Highest pay band: Less than £60,000
Liabilities/Assets: 11%
Liabilities/Income: 73%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 91 months
Net Current Assets/Spending: 3 months
Quick Ratio: 0.1

Asset Split ?

Balance Sheet History

Established: 30 years

bursar@bclschool.org.uk

02088024591

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Education/Training

GiG Classification

Philanthropic intermediaries and volunteering

How it operates

Makes grants to organisations
Provides buildings/facilities/open space

Where it operates

Hackney,

Who it helps

Other Charities Or Voluntary Bodies

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.

Major supporters in last 5 years

National Lottery Community Fund	£9,950
Henry Smith Charity	£5,250
Herefordshire Community Foundation	£2,500

Specific Donations

Amount	When Months	To be used for
Henry Smith Charity - Grant to Forty Limited
£2,750	23/06/2023	towards the cost of a trip to Seven Sisters Country Park for 120 children from disadvantaged communities in the London Boroughs of Hackney and Haringey.
Henry Smith Charity - Grant to Forty Limited
£2,500	10/06/2022	towards the costs of a trip to Seven Sisters for children from disadvantaged communities in the London Boroughs of Hackney and Haringey.
Herefordshire Community Foundation - SHINING STARS
£2,500	11/05/2022	Grant to forty limited
National Lottery Community Fund - Shining Stars
£9,950	11/02/2022	The funding will be used to provide therapy sessions for children and young people in need focussing on children with learning disabilities. The project aims to enable children and young people to improve their life chances by addressing the issues ....more The funding will be used to provide therapy sessions for children and young people in need focussing on children with learning disabilities. The project aims to enable children and young people to improve their life chances by addressing the issues of learning disabilities at the earliest possible stage.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (2)

Current Trustees appointed

AVROHOM SCHECHTER Appointed: 2015

RICHARD SPITZER Appointed: 1994, Occupation: Company Director

Legal constitution

Charitable company registered in England & Wales on 28/06/1994, number: 1039036
Registered at Companies House on 05/01/1994, number: 02884621

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints policy and procedures
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR18: 3 days late, AR15: 120 days late, AR14: 223 days late, AR13: 317 days late, AR12: 58 days late, AR11: 37 days late, AR10: 77 days late, AR09: 7 days late, AR08: 11 days late, AR07: 9 days late, AR05: 198 days late, AR04: 6 days late,

Main office

141 CASTLEWOOD ROAD
LONDON
N15 6BD

Objectives

(1) THE ADVANCEMENT OF RELIGION IN ACCORDANCE WITH THE ORTHODOX JEWISH FAITH (2) THE RELIEF OF POVERTY (3) SUCH OTHER OBJECTS RECOGNISED BY ENGLISH LAW

Defined Area of Benefit:

IN PRACTICE LONDON

Data Sources

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