Finance Score: -2

Governance Score: -1

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5

No volunteer policy: -2
Narrow trustee age band: -2
Gender balanced board: +3

No supporters identified

Overall GiG Score: -3

EA FOUNDATION

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

EA Foundation works to support the most marginalised communities on some of the most underserved issues. We fund projects in education, poverty reduction, basic services and sustainable development worldwide. We are also committed to supporting emergency response work that addresses the suffering of communities affected by conflict, health or natural disasters and other emergencies.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
The Board appears to be well diversified in terms of gender

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Although this charity works with volunteers it does not have a Volunteer Management policy
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £4,941,048 available, equivalent to 320 months of spending and so may not be able to utilise additional funding

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
31/12/22		£5,064	£185	£4,879	£0	£4,941	£4,941	320.4	0	7
31/12/21		£147	£96	£51	n/a	n/a	n/a	n/a	n/a	3

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 320.4 months
Net Current Assets/Spending: 320 months
Quick Ratio: 452.9

Asset Split ?

Established: 3 years

ea-foundation.org.uk

info@ea-foundation.org.uk

02033224100

Charity Commission for England and Wales

Listed activities

Education/Training
Environment/Conservation/Heritage
Overseas Aid/Famine Relief
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations

Where it operates

Bangladesh, Ethiopia, India, Madagascar, Malawi, Nepal, Syria, Throughout England And Wales, Turkey, Ukraine, Zimbabwe,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

Unknown number of employees
7 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 38-46

FREDRIK FOSSE Appointed: 2021, Occupation: Company Director

AMRITA SEN Appointed: 2021, Occupation: Company Director

DR TREVOR MICHAEL SIKORSKI Appointed: 2021

JESSICA CHARLOTTE MARY TALBOT Appointed: 2021, Occupation: Programmes Director

LUCY PHILIPA ANNE MORTIMER Appointed: 2021, Occupation: Fund Manager/Investor

RICHARD JONATHAN BRONZE (Chair) Appointed: 2021, Occupation: Company Director

Legal constitution

Charitable company registered in England & Wales on 21/04/2021, number: 1194169
Registered at Companies House on 07/11/2019, number: 12303342

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

2 returns made; all on time

Main office

c/o Energy Aspects Ltd
25 North Colonnade
LONDON
E14 5HZ

Objectives

3.1 THE OBJECTS OF THE CHARITY (OBJECTS) ARE:3.1.1 THE PREVENTION OR RELIEF OF POVERTY BY REASON OF FINANCIAL HARDSHIP OR OTHER DISADVANTAGE INCLUDING (BUT WITHOUT LIMITATION) BY MAKING GRANTS OF MONEY FOR THE RELIEF OF INDIVIDUALS IN NEED;3.1.2 THE ADVANCEMENT OF SUCH OTHER OBJECTS OR PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES IN ANY PART OF THE WORLD AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.3.2 IN THESE ARTICLES, CHARITABLE MEANS CHARITABLE IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES PROVIDED THAT IT WILL NOT INCLUDE ANY PURPOSE WHICH IS NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008. FOR THE AVOIDANCE OF DOUBT, THE SYSTEM OF LAW GOVERNING THE CONSTITUTION OF THE CHARITY IS THE LAW OF ENGLAND AND WALES.

Data Sources