Finance Score: -3
Governance Score: 6
Support Score: 11
  • Fundraising costs high: -3
  • Good trustee age range: +3
  • Dynamic board: +3
  • Large volunteer base +3
  • Overall weighted support: +8
Overall GiG Score: 14 ?

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
  • 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

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
29/06/23£4,006£4,026£-20£1,025£1,677£1,5874.7513,082
29/06/22£4,134£3,639£496£1,211£1,801£1,4094.6452,319
29/06/21£3,496£3,278£218£1,116£1,306£1,0723.9402,510
29/06/20£3,064£3,323£-258£849£1,088£9273.3422,176
29/06/19£3,367£3,177£189£870£1,346£5172323,436
29/06/18£2,971£2,814£157£1,043£1,157£5712.4300
30/06/17£2,376£2,153£223£956£1,000£5232.9290
01/07/16£2,613£2,174£439£711£777£4602.5210
03/07/15£2,414£2,076£338£534£338£2531.5180

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 ?
Balance Sheet History
Established: 11 years

www.ey.com/eyfoundation

enquiries@eyfoundation.ey.com

02079513133

Charity Commission for England and WalesCompanies HouseInstagramX
UN SDGs
?
Listed activities
  • General Charitable Purposes
GiG Classification
  • Philanthropic intermediaries and volunteering
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 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.

Major supporters in last 5 years
CareTech foundation£140,000
Impetus PEF£100,000
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 improve their outcomes. In 2019, the Caretech Foundation ....more
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 opportunities in CareTech Community Service sites and ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)
Current Trustees appointed

Age Range of Trustees: 26-60
  • EDEL HARRIS (Chair) Appointed: 2023, Occupation: Consultant
  • EROL MUSTAFA Appointed: 2024, Occupation: Certified Chartered Accountant
  • 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

Charity Commission for England and Wales
360 Giving

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