Finance Score: -2

Governance Score: 2

Support Score: 8

Low unrestricted reserves: -2
Strong growth: +2
Multiple Deficits: -2

Only 4 Trustees: -1
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 8

HATCH ENTERPRISE

We provide community-based entrepreneurship programmes to emerging entrepreneurs, through an eco-system of support that includes the provision of knowledge, mentorship and workspace. We help entrepreneurs develop the spirit needed to access meaningful self-employment opportunities including starting or growing a business or social enterprise.

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

Regulatory & Governance issues to consider:

There are only 4 trustees

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending

Established: 9 years

www.hatchenterprise.org

hello@hatchenterprise.org

02079930074

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
31/03/23	£1,733	£2,081	£-348	£247	£735	£201	1.2	34	313
31/03/22	£1,796	£1,065	£731	£58	£1,083	£708	8	26	2
31/03/21	£876	£658	£218	£48	£352	£200	3.6	12	0
31/03/20	£527	£422	£105	£6	£134	£9	0.3	10	156
31/03/19	£291	£403	£-111	n/a	n/a	n/a	n/a	n/a	45
31/03/18	£369	£361	£8	£0	£0	£0	n/a	0	0
31/03/17	£283	£229	£54	£0	£0	£0	n/a	0	0
31/03/16	£233	£186	£47	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 14.3%
Fundraising Costs/Total Spending: 11.9%
Senior Staff Costs/Total Spending: 12%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 30%
Liabilities/Income: 18%
Unrestricted Funds/Total Funds: 27%
Reserves/Spending: 1.2 months
Net Current Assets/Spending: 5 months
Quick Ratio: 3.6

Asset Split ?

Listed activities

Economic/Community Development/Employment
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Throughout London,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

34 employees
313 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.

Specific Donations

Amount	When Months	To be used for
Barrow Cadbury Trust - Collective Leadership Group
£30,000	09/06/2021 18	To build connections and collaboration across enterprise support and capacity building providers under the Collective Leadership Group (CLG).
Paul Hamlyn Foundation - Covid-19 Emergency Funding: Collective Leadership Community Lead
£50,000	24/03/2021 12	Hatch Enterprise work with entrepreneurs from diverse, under-served communities to grow smart ideas into successful, profitable and sustainable businesses that have a positive and lasting impact on ....more Hatch Enterprise work with entrepreneurs from diverse, under-served communities to grow smart ideas into successful, profitable and sustainable businesses that have a positive and lasting impact on their communities. They are co-founders of the Collective Leadership Group, an initiative that seeks to create greater connection, collaboration and innovation across capacity-building and enterprise support providers for the UK social sector. This grant supports the appointment of a Community Lead who will map sector provision, support learning and insight, and grow membership.
London Borough of Southwark - Grant to Hatch Enterprise
£20,000	01/04/2019	High Street Challenge round 7 grant from the Chief Executive department for It's your business
City Bridge Trust - Grant to Hatch Enterprise (was One Planet Ventures)
£50,000	13/09/2018	£50,000 to deliver a 12-month pilot of the Social Enterprise Peer Accelerator.
National Lottery Community Fund - 55 East Community
£10,000	07/09/2018 12	The project aims to engage with local people, delivering activities and events which encourage the development of community relations.
Walcot Foundation - Young Enterprise Programme
£25,000	06/03/2018 12	Young Enterprise Programme
Lloyds Bank Foundation - Grant to Hatch Enterprise (One Planet Ventures)
£14,400	17/05/2017 12	To support the charity in the development of their financial sustainability, coupled with impact measurement and improved service delivery.
National Lottery Community Fund - Hatch Weekender 2017
£9,900	03/05/2017 12	This project will run a three day event, including workshops, talks and outdoor activities, for young entrepreneurs. This will develop their confidence and skills and signpost them to further ....more This project will run a three day event, including workshops, talks and outdoor activities, for young entrepreneurs. This will develop their confidence and skills and signpost them to further one-to-one mentoring and support.
City Bridge Trust - Grant to One Planet Ventures
£18,800	08/11/2016	£18,800 over 6 months towards business and development planning to help OPV prepare for social investment
Walcot Foundation - Hatch Enterprise Incubator
£75,000	21/07/2015 36	Hatch Enterprise Incubator

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 36-55

ANNE-HELENE SINHA Appointed: 2021, Occupation: Investment Manager

EDMUND CHARLES PAPWORTH Appointed: 2014, Occupation: Manager

TANIA RAHMAN Appointed: 2022, Occupation: Investment Manager

THOMAS MICHAEL SCHREIBER Appointed: 2020, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 22/05/2015, number: 1161801
Registered at Companies House on 13/08/2013, number: 08648338

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
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

8 returns made; all on time

Recent reorganisation events:

Asset transfer in from BRAND AMPLIFIER on 07/06/2022

Main office

53-63 East Street
Southwark
London
SE17 2DJ

Objectives

1. THE RELIEF OF FINANCIAL HARDSHIP IN PARTICULAR BUT NOT EXCLUSIVELY FOR YOUNG PEOPLE BETWEEN THE AGES OF 18-30 BY THE PROVISION OF TRAINING COURSES AND OTHER SUPPORT, TO HELP BUILD SKILLS AND CONFIDENCE.2. TO ADVANCE THE EDUCATION OF THE PUBLIC IN SUBJECTS RELATING TO SUSTAINABLE DEVELOPMENT AND THE PROTECTION, ENHANCEMENT AND REHABILITATION OF THE ENVIRONMENT. SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT WHICH MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS.

Data Sources