Finance Score: 2

Governance Score: 9

Support Score: 4

Excess reserves: -3
Strong growth: +2
Fundraising costs low: +3

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

Award winner
Grant maker support: +4

Overall GiG Score: 15

CARETECH CHARITABLE FOUNDATION

This is a grant making charity, you can view its grants here

The Foundation is an independent grant-making body whose work is currently focused on the following three key objectives: 1) Physical and learning disabilities and mental health 2) Skills development for the care sector 3) Supporting local communities

Analysis by Giving is Great

Positives:

This charity is a recent Award Winner
There has been strong growth in spending since inception
Fundraising costs are low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £8,029,974 available, equivalent to 40 months of spending and so may not be able to utilise additional funding

Established: 5 years

www.caretechfoundation.org.uk

info@caretechfoundation.org.uk

01707601800

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
30/09/22	£2,377	£2,434	£-57	£150	£8,080	£8,030	39.6	7	0
30/09/21	£1,438	£945	£492	£0	£7,099	£7,022	89.1	3	0
30/09/20	£4,954	£660	£4,294	£0	£4,496	£4,468	81.3	3	20
30/09/19	£418	£346	£72	n/a	n/a	n/a	n/a	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 6.7%
Fundraising Costs/Total Spending: 6.2%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 15%
Liabilities/Income: 61%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 39.6 months
Net Current Assets/Spending: 31 months
Quick Ratio: 1.1

Asset Split ?

Listed activities

Disability
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Bangladesh, Pakistan, Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who works here?

7 employees

Who's supporting them? ?

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 10/11 persons

Age Range of Trustees: 31-68

BHAVNA KEANE-RAO Appointed: 2023, Occupation: Care Consultant, Other trusteeship: THE OXFORD FOUNDATION FOR ETHICS AND COMMUNICATION IN HEALTH CARE PRACTICE,

CHRISTOPHER DICKINSON Appointed: 2019, Occupation: Chief Financial Officer

DR MOIRA MARGARET LIVINGSTON Appointed: 2021, Occupation: Non-Executive Director At Caretech Holdings Plc

FAROUQ RASHID SHEIKH OBE Appointed: 2018, Other trusteeship: THE COSARAF CHARITABLE FOUNDATION,

HAROON RASHID SHEIKH (Chair) Appointed: 2018, Occupation: Chief Executive Officer, Other trusteeship: THE COSARAF CHARITABLE FOUNDATION,

HAMZA RASHID SHEIKH Appointed: 2021, Occupation: Company Director

HELEN CLAIRE BURTON Appointed: 2023, Occupation: Solicitor

JESSICA TAPLIN Appointed: 2019, Occupation: Charity Worker

NAVSHIR JAFFER Appointed: 2019, Occupation: Chartered Accountant, Other trusteeship: THE MUSLIM COUNCIL OF BRITAIN CHARITABLE FOUNDATION,

RICHARD LESLIE KRAMER Appointed: 2023, Occupation: Charity Worker

VICTORIA BOUAMAMA RN Appointed: 2023

Legal constitution

Charitable company registered in England & Wales on 21/03/2019, number: 1182567
Registered at Companies House on 30/10/2018, number: 11651094

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
Investment
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

4 returns made; all on time

Recent reorganisation events:

Asset transfer in from CARETECH CHARITABLE FOUNDATION on 21/05/2019

Main office

Caretech Charitable Foundation
Metropolitan House
3 Darkes Lane
POTTERS BAR
EN6 1AG

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT: 1. TO PROMOTE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PEOPLE WITH SPECIAL NEEDS AND PEOPLE IN NEED BY REASON OF ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER SIMILAR DISADVANTAGE ANYWHERE IN THE WORLD, BY AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS:A. TO UNDERWRITE THE COST OF ATTENDING ANY TENABLE PLACE OF LEARNING;B. TO PREPARE FOR ENTRY INTO ANY OCCUPATION, TRADE OR PROFESSION;C. TO ASSIST IN DEVELOPING THEIR MENTAL, PHYSICAL AND MORAL CAPABILITIES INCLUDING ASSISTANCE TO FIND EMPLOYMENT; ORD. TO DEVELOP THE COMPETENCIES AND LIFE SKILLS OF PEOPLE PRECLUDED FROM OBTAINING ANY FORM OF EMPLOYMENT BY VIRTUE OF THEIR IMPAIRED MENTAL OR PHYSICAL CAPACITIES;2. TO RELIEVE THE PHYSICAL AND MENTAL ILLNESS OF PERSONS ANYWHERE IN THE WORLD IN NEED, IN PARTICULAR BY THE PROVISION OF COUNSELLING AND SUPPORT; 3. TO PROVIDE SUPPORT AND ACTIVITIES WHICH DEVELOP THE SKILLS, CAPACITIES AND CAPABILITIES OF PEOPLE OF ANY AGE ANYWHERE IN THE WORLD WHO MIGHT OTHERWISE BE UNABLE TO ACCESS SUCH SUPPORT AND ACTIVITIES BY REASON OF ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR SOCIAL BARRIERS SUCH AS DISCRIMINATION WITH A VIEW TO EQUIPPING THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS;4. TO RELIEVE FINANCIAL NEED AND SUFFERING AMONG VICTIMS ANYWHERE IN THE WORLD OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE IN THE FORM OF:A. MONEY (OR OTHER MEANS DEEMED SUITABLE) FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED; ORB. THE SUPPLY OF MEDICAL AID TO SUCH PERSONS; TO PREVENT OR RELIEVE POVERTY ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISIONS OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT; AND5. TO ADVANCE SUCH OTHER CHARITABLE OBJECTS OR PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

Data Sources