Finance Score: -3

Governance Score: 6

Support Score: 13

Fundraising costs high: -3

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

Large volunteers +3
Grant maker support: +10

Overall GiG Score: 16

THE EY FOUNDATION

Our mission is to create and support pathways for young people and entrepreneurs into education, employment and enterprise to help build stronger communities and a more sustainable economy.The programmes we deliver, the independence of our fundraising and the support we provide to other charities sharing our mission, makes us a pioneering force in the UK's charitable foundation sector.

Analysis by Giving is Great

Positives:

This charity has been 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
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

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Fundraising costs are high relative to funds raised

Established: 10 years

www.ey.com/eyfoundation

enquiries@eyfoundation.ey.com

02079513133

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
29/06/23	£4,006	£4,026	£-20	£1,025	£1,677	£1,587	4.7	51	3,082
29/06/22	£4,134	£3,639	£496	£1,211	£1,801	£1,409	4.6	45	2,319
29/06/21	£3,496	£3,278	£218	£1,116	£1,306	£1,072	3.9	40	2,510
29/06/20	£3,064	£3,323	£-258	£849	£1,088	£927	3.3	42	2,176
29/06/19	£3,367	£3,177	£189	£870	£1,346	£517	2	32	3,436
29/06/18	£2,971	£2,814	£157	£1,043	£1,157	£571	2.4	30	0
30/06/17	£2,376	£2,153	£223	£956	£1,000	£523	2.9	29	0
01/07/16	£2,613	£2,174	£439	£711	£777	£460	2.5	21	0
03/07/15	£2,414	£2,076	£338	£534	£338	£253	1.5	18	0

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Financial Ratios

Fundraising Costs/Relevant Income: 25.7%
Fundraising Costs/Total Spending: 25.5%
Senior Staff Costs/Total Spending: 11%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 31%
Liabilities/Income: 19%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 4.7 months
Net Current Assets/Spending: 5 months
Quick Ratio: 2.8

Asset Split ?

Listed activities

General Charitable Purposes

How it operates

Makes Grants to Organisations
Provides services

Where it operates

Scotland, Throughout England,

Who it helps

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

Who works here?

51 employees
3,082 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

CareTech foundation	£140,000
Impetus PEF	£100,000
Paul Hamlyn Foundation	£50,000
Haberdashers' Company	£6,717

Specific Donations

Amount	When Months	To be used for
Haberdashers' Company - Uplift grant
£5,000	10/05/2023	Contribution to core costs in Cost of Living crisis
Haberdashers' Company - City Giving Day 2022
£1,717	19/10/2022	Unrestricted contribution to Major Grant holders
Impetus PEF -
£100,000	01/07/2020
CareTech foundation - Beyond your Limits
£140,000	04/06/2020	In 2017, 40% of care leavers aged 19-21 were Not in Education Training or Employment (NEET) compared to 13% of that age group. There is a clear need to support care experienced young people to ....more In 2017, 40% of care leavers aged 19-21 were Not in Education Training or Employment (NEET) compared to 13% of that age group. There is a clear need to support care experienced young people to improve their outcomes. In 2019, the Caretech Foundation entered into exciting partnership with the EY Foundation, an organisation which supports young people with barriers in their transition into work. A key element of this partnership involved the development of a new bespoke programme that meets the needs of young people in care and enables them to realise their future potential. Care to Employment has been co-designed with professionals in the care sector, national employers and 80 care experienced young people across England. We asked young people ?What matters to you??. They told us they want support in enhancing the opportunities available to them, employability skills, quality work experience, budgeting / life skills, mental wellbeing alongside 1 to 1 tailored support through business mentoring and a bespoke careers bursary. Care to Employment will have 5 key pillars of qualitative evaluation for the programme and we would expect all the young people to report an enhanced level of the following benchmarks post programme: ? Enhanced self-confidence and skills and qualities ? Better knowledge of careers and job application skills ? Improved self-awareness including larger personal and professional networks ? Stronger self and career ambition ? Financial literacy skills. A grant from the CareTech Foundation will support 30 young people in three cohorts in Barnet and Manchester.
Paul Hamlyn Foundation - Feasibility study for a collective impact approach to improving life outcomes for vulnerable children and young people
£50,000	15/07/2019 7	To fund a feasibility study for a collective impact approach to improving life outcomes for children and young people experiencing disadvantage.
Mercer's Charitable Foundation - Grant to The EY Foundation
£346,848	08/03/2019 36	Unlocking Your Potential 2019-2021, place-based project in Lewisham working with young people to improve skills and experiences to connect them with employers
CareTech foundation - CareTech Futures
£99,520	16/10/2018	Funding for the Our Future and Smart Futures employability training programmes will go towards supporting 45 young people from disadvantaged backgrounds, aged 16-19, receive work experience ....more Funding for the Our Future and Smart Futures employability training programmes will go towards supporting 45 young people from disadvantaged backgrounds, aged 16-19, receive work experience opportunities in CareTech Community Service sites and mentoring from CareTech PLC's staff. The programme: 1) Our Future - Three cohorts of 10 each in three locations 2) Smart Futures - Two cohorts of five and 10 (each) in two locations.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Age Range of Trustees: 23-59

EDEL HARRIS (Chair) Appointed: 2023, Occupation: Consultant

EROL MUSTAFA Appointed: 2024, Occupation: Certified Chartered Accountant

JADE BARNETT Appointed: 2023, Occupation: Youth Worker

JULIANNA OLADIPO Appointed: 2021, Occupation: Pensions Professional

JULIE CAVIN Appointed: 2022, Occupation: Chartered Accountant

MARK HUTCHINSON Appointed: 2020, Occupation: Consultant

RACHEL MARY SANDY THOMAS Appointed: 2022

SALLY BARTOLO Appointed: 2022, Occupation: None

SARAH BAUGH Appointed: 2023, Occupation: Marketing Director

SAYEH GHANBARI Appointed: 2020, Occupation: Consultant

Legal constitution

Charitable company registered in England & Wales on 21/05/2014, number: 1157154
Registered at Companies House on 12/03/2014, number: 08935629

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

9 returns made; all on time

Main office

ERNST & YOUNG LLP
1 MORE LONDON PLACE
LONDON
SE1 2AF

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE BENEFIT OF THE PUBLIC TO ADVANCE SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY DECIDE FROM TIME TO TIME.IN THE ARTICLES, CHARITABLE MEANS CHARITABLE IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES PROVIDED THAT IT WILL NOT INCLUDE ANY PURPOSE WHICH IS NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008. FOR THE AVOIDANCE OF DOUBT, THE SYSTEM OF LAW GOVERNING THE CONSTITUTION OF THE CHARITY IS THE LAW OF ENGLAND AND WALES.

Data Sources