Finance Score: 3

Governance Score: 6

Support Score: 10

Good reserves management: +3

Good trustee age range: +3
Dynamic board: +3

Large volunteers +5
Grant maker support: +5

Overall GiG Score: 19

THE SWITCH CHARITY LIMITED

The object for which the Company is established is the advancement of the education and training of children and young people resident in the UK, in particular by equipping them for employment in commerce, business and industry (the "Objects").

Analysis by Giving is Great

Positives:

This charity has been very successful in attracting volunteers relative to its size
The charity has received modest backing from a grant maker
Reserves management has been consistently within official guidelines
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

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
31/08/23		£1,089	£1,038	£51	£0	£1,036	£632	7.3	18	2,000
31/08/22		£1,029	£1,089	£-60	£0	£985	£568	6.3	14	2,000
31/08/21		£908	£1,041	£-133	£0	£1,045	£626	7.2	15	1,800
31/08/20		£982	£971	£11	£0	£1,177	£584	7.2	17	2,345
31/08/19	*	£1,114	£1,032	£82	£0	£1,167	£690	8	20	4,500
31/08/18		£971	£970	£1	£0	£1,085	£818	10.1	20	0
31/08/17?		£1,260	£1,651	£-391	£0	£1,084	£795	5.8	20	0
31/03/16		£822	£1,263	£-441	£58	£1,475	£1,097	10.4	20	0
31/03/15	*	£1,108	£1,014	£94	£4	£1,916	£1,095	13	20	0
31/03/14		£1,011	£1,038	£-27	£4	£1,823	£1,211	14	18	0
31/03/13		£998	£978	£21	£6	£1,850	£1,246	15.3	17	0
31/03/12		£1,020	£961	£59	£6	£1,829	£897	11.2	17	0
31/03/11		£1,002	£1,017	£-15	£37	£1,770	£838	9.9	17	0
31/03/10		£1,134	£1,182	£-48	£29	£1,785	£795	8.1	17	0
31/03/09		£1,161	£1,112	£48	£48	£1,833	£689	7.4	17	0
31/03/08		£1,279	£1,117	£162	£19	£1,785	£533	5.7	17	0
31/03/07		£1,248	£957	£291	£23	£1,623	£431	5.4	15	0
31/03/06	*	£1,022	£990	£32	£0	£0	£0	n/a	0	0
31/03/05	*	£1,150	£920	£230	£0	£0	£0	n/a	0	0
31/03/04		£1,112	£1,034	£78	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 40%
Liabilities/Income: 62%
Unrestricted Funds/Total Funds: 61%
Reserves/Spending: 7.3 months
Net Current Assets/Spending: 12 months
Quick Ratio: 1.9

Asset Split ?

Established: 30 years

www.theswitch.org

info@theswitch.org

02076550305

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Technical, vocational and continuing education

How it operates

Acts as an umbrella or resource body
Provides human resources

Where it operates

Greenwich, Tower Hamlets,

Who it helps

Children/Young People

Who works here?

18 employees
2,000 volunteers

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.

Major supporters in last 5 years

National Lottery Community Fund	£7,323
WCIT Charity	£4,520
Co-Operative Group	£4,447

Specific Donations

Amount	When Months	To be used for
Co-Operative Group - Grant to Tower Hamlets Education Business Partnership
£1,059	21/10/2023	BEE gives primary school pupils their first experience of understanding money, the world of work and how to run a mini-enterprise. We aim to deliver 6 workshops with volunteers from the community.
WCIT Charity - Grant to The Switch
£4,520	06/09/2023	Funding for the creation of a virtual work experience day for disadvantaged young people in Tower Hamlets, designed to showcase the opportunities and roles available within the tech and IT sector.
National Lottery Community Fund - Youth Voice: A Community for Social Mobility
£7,323	18/02/2022	The funding will be used to run a youth voice forum. The project aims to support young people promote their voices and develop their skills.
Co-Operative Group - Grant to Tower Hamlets Education Business Partnership
£3,388	24/10/2020	We want to help prepare young people for the world of work by delivering employability skills training with local employers.
Co-Operative Group - Grant to Tower Hamlets Education Business Partnership
£4,804	19/11/2018	Money will provide high quality materials and prizes for student sessions and support the development of a dedicated website.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Age Range of Trustees: 26-63

JAYANT KUMAR Appointed: 2021, Occupation: Banking

ANITA BHARDWAJ Appointed: 2020, Occupation: Head Of Research

MOHAMMED HASSAN Appointed: 2023, Occupation: Tax Adviser

RACHEL DODDS Appointed: 2021, Occupation: Auditor

SAIAM AHMED Appointed: 2017, Occupation: Researcher

GERARD PAUL MCDONALD Appointed: 2013, Occupation: Principal Of Tower Hamlets College

MARK CAMPBELL (Chair) Appointed: 2011, Occupation: Solicitor

TINA FAYEMI Appointed: 2020, Occupation: Head Of Special Education

JEMIMA REILLY Appointed: 2017, Occupation: Head Teacher, Other trusteeship: MORPETH EDUCATIONAL TRUST,

Legal constitution

Charitable company registered in England & Wales on 22/09/1994, number: 1040962
Registered at Companies House on 11/06/1993, number: 02827835

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints 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
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

20 returns made; AR19: 86 days late, AR15: 27 days late, AR06: 108 days late, AR05: 29 days late,

Main office

The Switch Charity Limited
Norvin House
45-55 Commercial Street
LONDON
E1 6BD

Objectives

THE ADVANCEMENT OF THE EDUCATION AND TRAINING OF CHILDREN AND YOUNG PEOPLE RESIDENT IN THE UK IN PARTICULAR BY EQUIPPING THEM FOR EMPLOYMENT IN COMMERCE BUSINESS AND INDUSTRY.

Defined Area of Benefit:

UNITED KINGDOM

Data Sources