Finance Score: 5

Governance Score: -11

Support Score: 4

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

No conflicts policy: -1
2 Trustees: -2
Narrow trustee age band: -2
Very static board: -5

Grant maker support: +4

Overall GiG Score: -2

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
There have been no material income shortfalls in recent 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
This charity does not have a Conflict of Interests policy
There are only 2 trustees
The Board composition appears to be very static and has little diversity in terms of age

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

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 12%
Liabilities/Income: 95%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 85.9 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0

Asset Split ?

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 voluntarism promotion

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 works here?

Unknown number of employees
4 volunteers

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 ....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.

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 ....more

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

FORTY LIMITED

Analysis by Giving is Great

Positives:

Regulatory & Governance issues to consider:

Financial issues to consider:

Financial Data ?

Income & Spending ?

Sources of Income ?

Financial Ratios

Asset Split ?

Listed activities

GiG Classification

How it operates

Where it operates

Who it helps

Who works here?

Who's supporting them? ?

Donations from Grant Makers ?

Major supporters in last 5 years

Specific Donations

How is it governed?

Trustees (2)

Current Trustees appointed

Age Range of Trustees: 62-79

Legal constitution

Gift Aid

Policies in force

Filing Record

Main office

Objectives

Defined Area of Benefit:

Data Sources

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