Finance Score: -2
Governance Score: 5
Support Score: 7
  • Deficit latest year: -2
  • No PartB
  • No conflicts policy: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +7
Overall GiG Score: 10 ?

SOCIAL ARK 

Social Ark supports disadvantaged young people from East London to set up social enterprises byproviding structured learning programmes, mentoring with business leaders including Barclays, ErnstYoung and PwC, and tailored 1:1 support from our team. Our Entrepreneurs also sell our workshopsto corporates, youth and community organisations.
Analysis by Giving is Great

Positives:

  • The charity has received backing from multiple prominent grant makers recently
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity does not have a Conflict of Interests policy
  • Over half the Board have joined recently

Financial issues to consider:

  • A PartB annual return has not been required and so detailed financial information is not available from the online data
  • Income was significantly lower than spending in the latest year

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income Spending Surplus/
Deficit
Volun-
teers
31/03/23£235,910£314,770£-78,86025
31/03/22£254,270£165,373£88,89740
31/03/21£197,653£166,323£31,33044
Senior Staff Costs/Total Spending: 25%
Highest pay band: £60,000-£70,000
Established: 4 years

www.socialark.co.uk

info@socialark.co.uk

07399523234

Charity Commission for England and WalesFacebookX
UN SDGs
?
Listed activities
  • Disability
  • Economic/Community Development/Employment
  • Education/Training
GiG Classification
  • Technical, vocational and continuing education
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides services
Where it operates
  • Throughout England And Wales,
Who it helps
  • Children/Young People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • People With Disabilities
Who works here?
  • Unknown number of employees
  • 25 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.

Major supporters in last 5 years
City Bridge Trust£69,920
Paul Hamlyn Foundation£39,600
National Lottery Community Fund£20,000
DCMS£9,900
London Legacy Development Corporation £3,000
Specific Donations
Amount When
Months
To be used for
London Legacy Development Corporation - Social Ark
£3,000 27/10/2022
​Grant funding for delivery of a 2-day ‘Set up your own Social Enterprise' course as part of the EAST Summer School 2022. On the 5th August the summer school students will present their pitch ....more
National Lottery Community Fund - Here Come The Girls 2022
£10,000 08/07/2022
The funding will be used to bring together women from different backgrounds to explore positive community action through weekly workshops based around social entrepreneurship and community building. ....more
City Bridge Trust - Grant to Social Ark
£44,000 08/04/2021
towards a core support team including an operational development manager and Volunteer development worker, as outlined in your application
National Lottery Community Fund - Social Ark & Our Community in Lockdown
£10,000 05/02/2021
6
The funding will used to provide virtual group-led wellbeing and emotional support sessions for disadvantaged 16-30-year-olds across East London. The project aims to increase mental health wellbeing ....more
Paul Hamlyn Foundation - Covid-19 Emergency Funding
£19,600 09/12/2020
3
Social Ark is a charity based in Tower Hamlets that supports young people from under-resourced East London communities to use their lived experiences to develop social businesses of their own. They ....more
DCMS - Coronavirus Community Support Fund
£9,900 27/07/2020
"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more
City Bridge Trust - Grant to Social Ark
£25,920 05/06/2020
£25,920.00 to fund the essential and urgent costs outlined in the application, so that the organisation can carry on providing support to Londoners.
Paul Hamlyn Foundation - COVID19 Emergency Funding
£20,000 07/05/2020
3
Support to aid the organisation in dealing with the challenges posed by COVID19.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)
Current Trustees appointed
Gender Split

Legal constitution
  • Charity registered in England & Wales on 12/03/2020, number: 1188519
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Complaints policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Social media policy and procedures
  • Volunteer management
Filing Record
3 returns made; all on time
Main office

Trinity Community Centre
East Avenue
LONDON
NEWHAM
E12 6SG

Objectives

TO ACT AS A RESOURCE FOR YOUNG PEOPLE UP TO THE AGE OF 30 LIVING IN LONDON AND THE SURROUNDING AREAS BY PROVIDING ADVICE AND ASSISTANCE AND ORGANISING PROGRAMMES OF PHYSICAL, EDUCATIONAL AND OTHER ACTIVITIES AS A MEANS OF:(A) ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS;(B) ADVANCING EDUCATION;(C) RELIEVING UNEMPLOYMENT

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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