Finance Score: -10

Governance Score: 3

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Positive trading contribution: +2;Accounts filed more than 5 days late: -2 times
Volatile income: -3
Fundraising costs high: -5

Good trustee age range: +3

Gov Income
Grant maker support: +3

Overall GiG Score: -4

THE CONNOLLY FOUNDATION (UK) LIMITED

Grants to individuals made on recommendation by schools and colleges.Grants for capital projects in areas within the Charity's objectives.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
More than half of total income was derived from trading and fees in the latest year
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £97,114,418 available, equivalent to 98 months of spending and so may not be able to utilise additional funding
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended
Income has been volatile recently
Fundraising costs are extremely high relative to funds raised

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
31/05/23		£15,676	£11,889	£3,787	£8,533	£97,114	£97,114	98	6
31/05/22		£15,769	£6,986	£8,783	£4,938	£96,038	£95,546	164.1	6
31/05/21		£15,018	£10,025	£4,993	£7,527	£88,753	£88,753	106.2	10
31/05/20	*	£17,197	£13,496	£3,701	£12,115	£73,240	£73,240	65.1	11
31/05/19	*	£21,706	£14,532	£7,175	£13,410	£70,489	£70,489	58.2	15
31/05/18		£20,335	£16,937	£3,398	£15,832	£63,764	£63,764	45.2	16
31/05/17		£15,599	£14,792	£807	£13,619	£59,183	£59,183	48	20
31/05/16		£18,324	£13,325	£4,999	£12,383	£60,143	£60,143	54.2	25
31/05/15		£2,097	£886	£1,211	£9	£44,335	£44,335	600.3	0
31/05/14		£16,355	£469	£15,886	£11	£42,737	£42,737	1093.7	0
31/05/13		£191	£1,191	£-1,000	£0	£0	£0	n/a	0
31/05/12		£965	£359	£607	£9	£29,548	£1,624	54.3	28
31/05/11		£940	£415	£525	£11,803	£28,370	£1,847	53.4	30
31/05/10		£209	£227	£-18	£0	£0	£0	n/a	0
31/05/09		£346	£303	£43	£0	£0	£0	n/a	0
31/05/08		£2,355	£66	£2,289	£17,088	£32,239	£29,246	5326.1	57
31/05/07		£419	£112	£307	£0	£0	£0	n/a	0
31/05/06		£1,470	£195	£1,275	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: INF%
Fundraising Costs/Total Spending: 74.5%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 1%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 98 months
Net Current Assets/Spending: 36 months
Quick Ratio: 13

Asset Split ?

Established: 19 years

www.connollyfoundation.co.uk

david.oldham@connollyfoundation.org.uk

01525872014

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Education/Training
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Other individual and family services

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides buildings/facilities/open space
Sponsors or undertakes research

Where it operates

Bedford, Buckinghamshire, Cambridgeshire, Central Bedfordshire, Hertfordshire, Luton,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
Other Defined Groups
People With Disabilities

Who works here?

6 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 44-76

COLETTE MCKEAVENEY DL Appointed: 2022

MALCOLM GROVES Appointed: 2022, Occupation: Consultant

SIMON JOHN WHITE Appointed: 2020, Occupation: Chief Officer Bedford Bc

ANDREW SUTHERLAND ROWE, Other trusteeship: THE POYNTER CHARITABLE TRUST,

DAVID PETER WILKINS Appointed: 2020, Occupation: Building Services Director, Other trusteeship: NOCN,

MICHAEL ANDREW CALLANAN Appointed: 2013, Occupation: Managing Director

VANESSA SUSAN CONNOLLY Appointed: 2017, Occupation: Trustee

Legal constitution

Charitable company registered in England & Wales on 19/04/2005, number: 1109135
Registered at Companies House on 16/12/2004, number: 05315014

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Safeguarding vulnerable beneficiaries
Social media policy and procedures
Trustee conflicts of interest policy and procedures

Filing Record

18 returns made; AR20: 89 days late, AR19: 16 days late,

Main office

MANOR FARM COURT
LOWER SUNDON
LUTON
BEDFORDSHIRE
LU3 3NZ

Objectives

1. THE RELIEF OF POVERTY ANYWHERE IN THE UNITED KINGDOM AND OVERSEAS, IN PARTICULAR WITHIN THE COUNTY OF BEDFORDSHIRE, BY THE PROVISION OF ACCOMMODATION, AND;2. THE ADVANCEMENT OF EDUCATION BY THE PROVISION OF TRAINING AND APPRENTICESHIPS TO PERSONS 14 AND UPWARDS WHO ARE IN NEED OF SUCH PROVISION BY REASON OF THEIR ECONOMIC AND SOCIAL CIRCUMSTANCES.

Defined Area of Benefit:

UNTIED KINGDOM AND OVERSEAS AND BEDFORDSHIRE

Data Sources