Finance Score: 2

Governance Score: 3

Support Score: 2

Poor Liquidity: -1
Fundraising costs low: +3

Dynamic board: +3

Grant maker support: +2

Overall GiG Score: 7

ZERO GRAVITY FUND

To advance the education and career prospects of talented students from low income backgrounds in particular but not exclusively by : 1) the provision of bursaries during university2) assisting them to achieve relevant experience to pursue their chosen careers

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
There has been a change of accounting period recently, so trends may be hard to determine

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

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
31/12/22?		£1,000	£912	£87	£9	£513	£76	1	0	0
31/07/21		£51	£1	£51	n/a	n/a	n/a	n/a	n/a	1

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Financial Ratios

Fundraising Costs/Relevant Income: 1%
Fundraising Costs/Total Spending: 1%
Highest pay band: Less than £60,000
Liabilities/Assets: 51%
Liabilities/Income: 75%
Unrestricted Funds/Total Funds: 15%
Reserves/Spending: 1 months
Net Current Assets/Spending: 5 months
Quick Ratio: 0.5

Asset Split ?

Established: 4 years

zerogravity.co.uk/fund

fund@zerogravity.co.uk

03301339110

Charity Commission for England and Wales

Tweets

Listed activities

Economic/Community Development/Employment
Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Academic support

How it operates

Makes Grants to Individuals

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Children/Young People

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
Quartet Community Foundation - Grant to Zero Gravity Fund
£3,000	14/04/2023	Zero Gravity Fund is a registered charity that provides hundreds of £3000 grants to our most engaged students from low-opportunity areas who have overcome significant challenges to achieve top ....more Zero Gravity Fund is a registered charity that provides hundreds of £3000 grants to our most engaged students from low-opportunity areas who have overcome significant challenges to achieve top grades and university offers.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

IDE KEARNEY Appointed: 2023

KERRY PHILLIP Appointed: 2022

GREGORY MOOK Appointed: 2024

KIRSTY PREST (Chair) Appointed: 2021

MARK LAMBERT Appointed: 2023

Legal constitution

Charity registered in England & Wales on 25/02/2020, number: 1188177

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures

Filing Record

2 returns made; all on time

Main office

FIRST FLOOR
10 QUEEN STREET PLACE
LONDON
EC4R 1BE

Objectives

THE OBJECTS OF THE CIO ARE TO ADVANCE THE EDUCATION AND CAREER PROSPECTS OF TALENTED STUDENTS FROM LOW INCOME BACKGROUNDS IN PARTICULAR BUT NOT EXCLUSIVELY BY:(1) THE PROVISION OF BURSARIES FOR THEIR MAINTENANCE WHILE IN EDUCATION AND TO SUPPORT THEIR ACADEMIC AND VOCATIONAL TRAINING; AND(2) ASSISTING THEM IN ACHIEVING THE NECESSARY QUALIFICATIONS AND WORK EXPERIENCE TO PURSUE THEIR CHOSEN CAREER

Data Sources