Finance Score: -1

Governance Score: 6

Support Score: 10

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

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

Large volunteers +5
Grant maker support: +5

Overall GiG Score: 15

THE UK CAREER ACADEMY FOUNDATION

The UK Career Academy Foundation leads and supports a national movement of employers, schools and colleges, working to raise the aspirations of 16-19 year olds who are considering a career in business.

Analysis by Giving is Great

Positives:

This charity has been very successful in attracting volunteers relative to its size
The charity has received backing from several prominent grant makers recently
Spending has increased over the last 3 years relative to the previous period
Fundraising costs are low relative to funds raised
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending

Established: 22 years

www.careerready.org.uk

info@careerready.org.uk

07986355046

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	Volun- teers
31/03/23		£3,349	£3,484	£-135	£326	£981	£571	2	56	4,000
31/03/22		£2,938	£2,923	£15	£305	£1,116	£906	3.7	56	4,000
31/03/21		£2,409	£2,691	£-281	£252	£1,101	£969	4.3	53	4,000
31/03/20		£3,556	£3,055	£500	£269	£1,382	£879	3.5	51	4,000
31/03/19		£2,813	£2,783	£30	£219	£881	£189	0.8	46	4,000
31/03/18		£2,389	£2,369	£20	£140	£852	£335	1.7	38	0
31/03/17		£2,334	£2,299	£35	£80	£831	£379	2	39	0
31/03/16	*	£2,390	£2,285	£106	£82	£797	£208	1.1	36	0
31/03/15		£2,117	£2,045	£72	£119	£691	£350	2.1	33	0
31/03/14		£1,753	£1,939	£-186	£163	£619	£405	2.5	23	0
31/03/13		£1,581	£1,655	£-73	£132	£805	£591	4.3	26	0
31/03/12		£1,425	£1,486	£-61	£127	£879	£669	5.4	22	0
31/03/11		£1,341	£1,414	£-73	£74	£940	£890	7.6	19	0
31/03/10		£1,229	£1,278	£-49	£65	£1,013	£911	8.6	19	0
31/03/09		£1,276	£1,108	£168	£56	£1,061	£933	10.1	16	0
31/03/08		£1,039	£846	£193	£124	£893	£771	10.9	11	0
31/03/07		£968	£700	£267	£96	£700	£602	10.3	9	0
31/03/06		£747	£507	£240	£0	£0	£0	n/a	0	0
31/03/05		£450	£323	£127	£0	£0	£0	n/a	0	0
31/03/04		£228	£194	£34	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 9.8%
Fundraising Costs/Total Spending: 9.4%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 30%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: 58%
Reserves/Spending: 2 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2.6

Asset Split ?

Listed activities

Economic/Community Development/Employment
Education/Training

How it operates

Acts as an umbrella or resource body
Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Ireland, Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Children/Young People

Who works here?

56 employees
4,000 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.

Specific Donations

Amount	When Months	To be used for
Dulverton Trust - Greater Manchester expansion
£25,417	12/02/2020	Greater Manchester expansion
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£225,000	16/10/2019	Core Costs
Mercer's Charitable Foundation - Grant to UK Career Academy Foundation
£350,000	08/03/2019 36	London whole school programme roll out to support young people and their careers
Garfield Weston Foundation - Main Grants award
£50,000	25/07/2018	Career Ready: Preparing young people for the world of work
Esmee Fairbairn - Grant to Career Ready
£380,000	20/06/2013	Towards the core costs of an early intervention programme in North East England and Scotland for over 2,000 secondary aged students at risk of becoming disengaged, to increase their employment ....more Towards the core costs of an early intervention programme in North East England and Scotland for over 2,000 secondary aged students at risk of becoming disengaged, to increase their employment prospects and academic attainment.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Age Range of Trustees: 39-61

ALEXANDER HUGH MCCORMACK BEGBIE (Chair) Appointed: 2016, Occupation: Hr Director

JAMES DAVID KEMPSTER BARDRICK Appointed: 2012, Occupation: Director, Other trusteeships: COGGESHALL YOUTH PROJECT, CANARY WHARF MULTIFAITH CHAPLAINCY,

MARY MACLEOD Appointed: 2018, Occupation: Executive Search, Other trusteeship: THE SHELTER PROJECT HOUNSLOW,

MAURICE BENISTY Appointed: 2014, Occupation: Director, Other trusteeship: THE BRITISH FRIENDS OF MIGDAL OHR,

OLIVIA LOUISE COLE Appointed: 2016, Occupation: Headteacher

RICHARD ANDREW SANDERS MA MBA Appointed: 2022, Other trusteeships: THE WARDEN AND SCHOLARS OF ST MARY COLLEGE OF WINCHESTER, THE PERMIRA FOUNDATION,

SHEN CHEN Appointed: 2022, Occupation: Financial Services

SHILPEN SURYAKANT SAVANI Appointed: 2022, Occupation: Solicitor

Legal constitution

Charitable company registered in England & Wales on 10/07/2002, number: 1092891
Registered at Companies House on 30/04/2002, number: 04428178

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
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
Paying staff
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
Volunteer management

Filing Record

20 returns made; AR16: 0 days late,

Recent reorganisation events:

Asset transfer in from THE INSPIRING FUTURES FOUNDATION on 20/10/2020

Main office

CAPITAL OFFICE
124 City Road
LONDON
EC1V 2NX

Objectives

THE OBJECTS OF THE CHARITY (THE OBJECTS) ARE THE ADVANCEMENT OF EDUCATION OF YOUNG PEOPLE IN THE UNITED KINGDOM AND ELSEWHERE, IN PARTICULAR BY THE PROVISION OF ADVICE; EXPERTISE, FUNDS AND OTHER SUPPORT TO EDUCATIONAL INSTITUTIONS AND STUDENTS TO DEVELOP AND FACILITATE CAREER PREPARATION COURSES AND WORK EXPERIENCE IN THE FIELDS OF FINANCE, TRAVEL AND TOURISM AND INFORMATION TECHNOLOGY AND SUCH OTHER FIELDS AS THE TRUSTEES SHALL IN THEIR DISCRETION DETERMINE.

Defined Area of Benefit:

NATIONAL AND OVERSEAS

Data Sources