Finance Score: 2

Governance Score: -2

Support Score: 3

Strong growth: +2

Only 3 Trustees: -2
Good trustee age range: +3
Static board: -3

Gov Income
Grant maker support: +3

Overall GiG Score: 3

BALLOON VENTURES FOUNDATION LTD

BVF and its wholly owned subsidiary Balloon Ventures ltd are dedicated to the relief of poverty and hardship in developing countries initially focusing on Kenya and Uganda. We provide support, training and loan finance to small businesses to help them grow and create good jobs. In Kenya we also support an orphanage in Busia.

Analysis by Giving is Great

Positives:

The charity has received Government grants
There has been strong growth in spending over the last 5 years
There have been no income shortfalls in recent years

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board composition appears to be rather static

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	£1,445	£707	£738	£0	£2,037	£425	7.2	20	0
31/03/22	£641	£527	£114	£281	£1,299	£515	11.7	17	0
31/03/21	£686	£542	£144	£328	£1,185	£694	15.4	18	0
31/03/20	£742	£309	£433	£0	£995	£949	36.9	3	0
31/03/19?	£333	£119	£215	n/a	n/a	n/a	n/a	n/a	20
30/04/18	£539	£313	£226	£0	£347	£55	2.1	0	0
30/04/17	£229	£197	£32	£0	£0	£0	n/a	0	0
30/04/16?	£91	£51	£41	£0	£0	£0	n/a	0	0
31/03/15	£15	£12	£3	£0	£0	£0	n/a	0	0
31/03/14	£11	£0	£11	£0	£0	£0	NAN	0	0
31/03/13	£17	£0	£17	£0	£0	£0	NAN	0	0
31/03/12	£18	£15	£2	£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: 22%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 25%
Liabilities/Income: 47%
Unrestricted Funds/Total Funds: 21%
Reserves/Spending: 7.2 months
Net Current Assets/Spending: 45 months
Quick Ratio: 17.5

Asset Split ?

Established: 13 years

melindaphillips73@gmail.com

02083402580

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Community services

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Chile, Kenya, Scotland, Uganda,

Who it helps

Children/Young People
The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Age Range of Trustees: 32-64

AMANDA JANE HINDMAN Appointed: 2013, Occupation: Insurance Broker

PRABHAY JOSHI Appointed: 2019, Occupation: Finance

WILLIAM SMITH Appointed: 2018, Occupation: Student

Legal constitution

Charitable company registered in England & Wales on 21/04/2011, number: 1141552
Registered at Companies House on 08/04/2011, number: 07596900

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
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

12 returns made; all on time

Main office

73 Mount View Road
London
N4 4SR

Objectives

TO RELIEVE POVERTY AND FINANCIAL HARDSHIP IN KENYA AND UGANDA IN SUCH WAYS AS THE TRUSTEE THINK FIT, IN PARTICULAR BUT NOT EXCLUSIVELY BY PROVIDING (1) TRAINING AND FUNDING FOR INCOME GENERATING PROGRAMMES AND JOB CREATION.(2) TO RELIEVE THE NEEDS OF CHILDREN IN BUSIA IN SUCH WAYS AS THE TRUSTEE THINK FIT, IN PARTICULAR BUT NOT EXCLUSIVELY THROUGH.(A) THE MAINTENANCE, DEVELOPMENT AND SUPPORT OF THE ORPHANAGE NAMED MAMA ORPHANS CHILDREN'S HOME(B) THE PROVISION AND MAINTENANCE OF A SCHOOL.

Data Sources