Overall GiG Score: 7 ?
Finance Score: -3
Governance Score: 0
Support Score: 10
  • Reasonable growth: +1
  • Volatile income
  • spending growth: -1
  • Fundraising costs high: -3
    • Large volunteers +5
    • Grant maker support: +5

    FOUNDERS4SCHOOLS 

    Mission:

    To advance and promote the education of people under the age of 25 in such ways as the charity trustees from time to time think fit including by promoting, facilitating and assisting in the provision of careers education and advice.
    Analysis by Giving is Great

    Positives:

    • This charity has been very successful in attracting volunteers relative to its size
    • There has been reasonable growth in spending over the last 3 years relative to the previous period
    • There have been no material income shortfalls in recent years
    • A significant proportion of recent income was derived from major grant makers including the Government

    Financial issues to consider:

    • Income has been volatile recently but spending has been maintained
    • Fundraising costs are high relative to funds raised
    Comment by the Charity:
      In 2020/21 Founders4Schools launched and funded a new initiative in response to the Covid-19 pandemic called Digital Boost (https://www.digitalboost.org.uk/about-us-2) to provide digital skill support to charities and small businesses to help them grow their revenues and be more productive. As a result, the reserves figure in our 2019/20 accounts is skewed as the funding was put towards this project. It is our \'free reserves\' that represent unrestricted funds that are freely available to spend on any of the charity’s purposes, which were £177,368 in our last audit.
    Established: 9 years

    https://www.founders4schools.org.uk/

    charity@founders4schools.org.uk

    07579050714

    Charity Commission for England and WalesFacebookInstagramXYouTube
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    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
    30/06/22£1,414£1,536£-123£347£1,041£9577.5266,071
    30/06/21£1,322£1,336£-14£175£1,164£9468.5156,430
    30/06/20£2,040£1,221£818£140£1,848£1,69016.6135,587
    30/06/19£1,371£1,197£175£177£1,029£8648.7225,709
    30/06/18£1,856£1,196£660£185£854£4874.9174
    30/06/17?£1,201£1,048£153£0£195£1952.2140
    31/12/15*£189£147£42£0£0£0n/a00

    Financial Ratios
    Fundraising Costs/Relevant Income: 29.7%
    Fundraising Costs/Total Spending: 22.6%
    Senior Staff Costs/Total Spending: 43%
    Highest pay band: £140,000-£150,000
    Liabilities/Assets: 26%
    Liabilities/Income: 26%
    Unrestricted Funds/Total Funds: 92%
    Reserves/Spending: 7.5 months
    Net Current Assets/Spending: 2 months
    Quick Ratio: 1
    Asset Split ?
    What it does
    • Economic/Community Development/Employment
    • Education/Training
    • General Charitable Purposes
    Founders4Schools (F4S) improves student\\\'s employment prospects by ensuring role models are accessible to all, without barriers, through a free, quick and easy platform which allows educators to arrange inspiring role model encounters to take place in the classroom or virtually.
    Who works here?
    • 26 employees
    • 6,071 volunteers
    Who it helps
    • Children/Young People
    • The General Public/Mankind
    How it operates
    • Provides advocacy/advice/information
    • Provides human resources
    • Provides services
    • Sponsors or undertakes research
    Where it operates
    • Scotland, Throughout England And Wales,

    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
    DCMS - Digital Boost: Boosting Digital Capability of SMEs and Charities
    £27,378 01/04/2021
    This business case requests œ250,000 to provide funding to support the additional development costs of the Digital Boost platform until June 2021. This funding will allow the Digital Boost platform ....more
    DCMS - Digital Boost: Boosting Digital Capability of SMEs and Charities
    £196,330 27/07/2020
    This business case requests œ250,000 to provide funding to support the additional development costs of the Digital Boost platform until June 2021. This funding will allow the Digital Boost platform ....more
    Nesta - AC00729
    £20,000 13/03/2018
    7
    Inclusive Economy Partnership 2.0 programme grant to Founders 4 Schools Grant Ref AC00729

    Data sourced from Donors via 360 Giving

    How is it governed?

    Trustees (8)
    Current Trustees appointed
    Gender Split
    Based on 7/8 persons

    Legal constitution
    • Charity registered in England & Wales on 15/06/2015, number: 1162197
    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
    7 returns made; AR15: 0 days late,
    Main office

    DIXON WILSON
    CHARTERED ACCOUNTANTS
    22 CHANCERY LANE
    LONDON
    WC2A 1LS

    Objectives

    3.1 The objects of the CIO are to advance and promote the education of: 3.1.1 young people under the age of 25, with a focus on those from under-represented, under-served and diverse communities; and 3.1.2 people of any age in digital skills, including those employed in micro, SME and large organisations, in such ways as the charity trustees from time to time think fit including by promoting, facilitating and assisting in the provision of careers and skills related education and advice with the intention of: (i) encouraging and enabling young people to leave formal education with a skill set that is appropriate for or consistent with future jobs; and (ii) encouraging and enabling people of any age to advance their skills, reduce the skills gap, and to support young people to develop their employability skills.3.2 The CIO will advance and promote its objects with particular reference to entrepreneurship in the fields of technology, applied sciences and related subjects; or other areas and fields as considered appropriate by the trustees from time to time.3.3 Nothing in this constitution shall authorise an application of the property of the CIO for a purpose which is not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act (Northern Ireland) 2008.

    Data Sources

    Charity Commission for England and Wales
    360 Giving
    CharityBase

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