Finance Score: -5

Governance Score: 1

Support Score: 7

Deficit on trading: -1
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -4

Narrow trustee age band: -2
Dynamic board: +3

Overall weighted support: +7

Overall GiG Score: 3

SOCIAL INVESTMENT BUSINESS FOUNDATION

SIB FOUNDATION INVESTS IN COMMUNITY BASED ORGANISATIONS RUNNING ENTERPRISE ACTIVITIES. WE PROVIDE FINANCE SUCH AS LOANS, GRANTS AND EQUITIES AS WELL AS SUPPORT AND ADVICE.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
There has been strong growth in spending over the last 5 years
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
The Board has little diversity in terms of age
Over half the Board have joined recently

Financial issues to consider:

The accounts in the latest year show a significant deficit from trading activities
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

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
31/03/23		£22,551	£29,987	£-7,436	£7,000	£43,104	£23,485	9.4	45	0
31/03/22		£9,068	£10,561	£-1,493	£534	£49,022	£20,782	23.6	40	10
31/03/21		£9,536	£17,620	£-8,084	£7,966	£49,609	£2,699	1.8	40	0
31/03/20		£7,495	£7,119	£376	£0	£58,137	£3,099	5.2	35	0
31/03/19		£3,417	£8,178	£-4,761	£0	£57,419	£2,053	3	29	0
31/03/18		£3,752	£12,587	£-8,835	£0	£72,137	£1,681	1.6	32	0
31/03/17		£4,647	£15,806	£-11,159	£0	£72,810	£1,858	1.4	38	0
31/03/16		£4,986	£5,040	£-54	£0	£81,951	£1,829	4.4	45	0
31/03/15		£14,246	£73,229	£-58,983	£549	£75,801	£1,872	0.3	46	0
31/03/14		£16,785	£20,732	£-3,947	£674	£134,695	£1,888	1.1	45	0
31/03/13		£17,547	£28,961	£-11,414	£599	£138,699	£2,105	0.9	53	0
31/03/12		£15,230	£10,387	£4,843	£154	£150,184	£1,576	1.8	54	0
31/03/11	*	£92,803	£29,113	£63,690	£475	£145,338	£2,491	1	99	0
31/03/10		£90,922	£32,707	£58,215	£1,076	£81,831	£1,535	0.6	94	0
31/03/09		£26,097	£12,471	£13,626	£661	£23,616	£321	0.3	39	0
31/03/08		£882	£4,328	£-3,446	£105	£10,205	£0	n/a	5	0

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Financial Ratios

Fundraising Costs/Relevant Income: 44.5%
Fundraising Costs/Total Spending: 23.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 25%
Liabilities/Income: 64%
Unrestricted Funds/Total Funds: 54%
Reserves/Spending: 9.4 months
Net Current Assets/Spending: 6 months
Quick Ratio: 5.3

Asset Split ?

Balance Sheet History

Established: 18 years

www.sibgroup.org.uk

enquiries@sibgroup.org.uk

02030967903

Charity Commission for England and Wales

Tweets

Listed activities

Economic/Community Development/Employment
Other Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes grants to organisations
Provides advocacy/advice/information
Provides other finance

Where it operates

Throughout England,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
Other Defined Groups
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

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.

Specific Donations

Amount	When Months	To be used for
Barrow Cadbury Trust - Diversity Forum: EDI Data for the Sector
£60,000	14/10/2023	Co-create a data dashboard to reflect the diversity of the social investment sector.
Barrow Cadbury Trust - Create Equity Accelerator Programme
£60,000	15/11/2022	Advisor support for the Create Equity Accelerator Programme.
Barrow Cadbury Trust - Equalising Deal Terms
£28,920	30/06/2022	To change the power imbalances between investors and investees by redesigning key terms, processes and legal documentation.
Barrow Cadbury Trust - The Diversity Forum
£120,000	10/05/2022	To support the further work of the Diversity Forum, making the social investment sector more inclusive for all.
Esmee Fairbairn - Grant to Social Investment Business Foundation
£15,000	23/02/2022 12	Towards project costs for the ongoing development of local economic trackers begun in partnership with Tortoise Media and now continuing with the Financial Times.
Barrow Cadbury Trust - Equality Impact Investing Project 2021-2023
£120,000	07/09/2021	To support the Equality Impact Investing project's core activities for two years.
Barrow Cadbury Trust - Diversity Forum - Phase 3
£60,000	09/02/2021 12	To support the continuation of the Diversity Forum’s work, addressing the lack of diversity within Social Investment and the Social Investment Intermediaries.
Barrow Cadbury Trust - Equality Impact Investing Project - Phase 3
£60,000	10/09/2020 12	To advance and embed Equality Impact Investing (EII) principles in the market through capacity building with investors.
National Lottery Community Fund - Big Potential (Grant monies)
£19,939,995	03/08/2014 84	Not Available
National Lottery Community Fund - Big Potential (administration fees)
£1,673,850	02/07/2014 84	Not Available
National Lottery Community Fund - Business planning, financial planning and management support
£768,560	30/03/2011 60	This is not a funding request this is an arrangement.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

Age Range of Trustees: 43-53

CHRISTOPHER JAMES BARNARD Appointed: 2024, Occupation: Trustee

DEBJANI GHOSH Appointed: 2024, Occupation: Trustee

EDWARD WALLIS Appointed: 2021, Occupation: Director Of Policy & Engagement

GAVIN KEYTE Appointed: 2022, Occupation: Director

JAGJIT DOSANJH-ELTON Appointed: 2021, Occupation: Trustee

LOUISA JANE MITCHELL Appointed: 2024, Occupation: Trustee

MAGDALENE AKOSUA FODA BAYIM- ADOMAKO Appointed: 2024

ROBERT HEWITT Appointed: 2019, Occupation: Deputy Director Of Strategy, Civil Service

SONALI SIRIWARDENA (Chair) Appointed: 2019, Occupation: Executive Director, Investment Banking

Legal constitution

Charitable company registered in England & Wales on 08/12/2006, number: 1117185
Registered at Companies House on 11/04/2006, number: 05777484

Gift Aid

NOT 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
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

16 returns made; AR11: 207 days late,

Main office

Canopi
Arc House
82 Tanner Street
LONDON
SE1 3GN

Objectives

THE OBJECTS OF THE CHARITY ARE TO PROMOTE FOR THE PUBLIC BENEFIT ALL PURPOSES AS ARE RECOGNISED AS CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES INCLUDING BUT NOT LIMITED TO:SUPPORTING COMMUNITY ORGANISATIONS IN AREAS OF SOCIAL NEED THAT ARE CHARITIES AND THE CHARITABLE ACTIVITIES OF OTHER COMMUNITY ORGANISATIONS, INCLUDING BY PROVISION OF ADVICE, SUPPORT AND ASSISTANCE; AND/ORTHE MAKING AND THE PROMOTION OF SOCIAL INVESTMENTS BY MEANS OF LOANS, GRANTS, GUARANTEES, EQUITY, NEAR EQUITY OR OTHER FINANCIAL INTERVENTIONS OR ASSISTANCE TO CHARITIES OR FOR CHARITABLE PURPOSES, INCLUDING BUT NOT LIMITED TO SUPPORTING COMMUNITY ORGANISATIONS OPERATING IN AREAS OF SOCIAL NEED; AND/ORPROMOTING THE EFFICIENT AND EFFECTIVE APPLICATION OF CHARITABLE RESOURCES BY THOSE CHARITIES AND FOR CHARITABLE PURPOSES BY THE PROVISION OF FINANCIAL ADVICE, SUPPORT AND RELATED ASSISTANCE TO CHARITIES AND FOR CHARITABLE PROJECTS IN RELATION TO SUCH LOANS, GRANTS, GUARANTEES, EQUITY, NEAR EQUITY OR OTHER FINANCIAL INTERVENTIONS AND SOCIAL INVESTMENTS.

Defined Area of Benefit:

NOT DEFINED IN PRACTICE NATIONAL

Data Sources

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