Finance Score: 6

Governance Score: -2

Support Score: 0

Liabilities <10%: +3
Fundraising costs low: +3

Narrow trustee age band: -2

No supporters identified

Overall GiG Score: 4

THE 10,000 INTERNS FOUNDATION

The 10,000 Interns Foundation exists primarily to challenge the under-representation of Black talent in the workplace through its internship programme, its Black talent network and its training and development opportunities. The Foundation also provides support for socio- economically disadvantaged and disabled students and graduates both within and beyond the internship programme.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end but this has been generated by an income surplus in the latest year and spending has been increasing rapidly

Established: 2 years

10000internsfoundation.com

REBECCA@10000INTERNSFOUNDATION.COM

07961031312

Charity Commission for England and Wales

Financial Data ?

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		£1,072	£586	£486	£44	£872	£762	15.6	3	0

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Financial Ratios

Fundraising Costs/Relevant Income: 4.2%
Fundraising Costs/Total Spending: 7.5%
Senior Staff Costs/Total Spending: 13%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 8%
Liabilities/Income: 7%
Unrestricted Funds/Total Funds: 87%
Reserves/Spending: 15.6 months
Net Current Assets/Spending: 16 months
Quick Ratio: 8.7

Asset Split ?

What it does

Economic/Community Development/Employment
Education/Training
Human Rights/Religious Or Racial Harmony/Equality Or Diversity

Who works here?

3 employees

Who it helps

Elderly/Old People
Other Defined Groups
People Of A Particular Ethnic Or Racial Origin
People With Disabilities

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides services

Where it operates

Northern Ireland, Scotland, Throughout England,

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 43-60

DAWID KONOTEY-AHULU Appointed: 2021, Occupation: Ceo, Other trusteeships: LEGACY OF WAR FOUNDATION, MISSION44,

FAYE BUTLER Appointed: 2021, Occupation: Human Resources

MICHAEL BARRINGTON HIBBERT Appointed: 2021

OLUWOLE OLATUNDE KOLADE Appointed: 2021, Occupation: Director

STUART GORMAN BREYER Appointed: 2021, Occupation: Chief Executive

Legal constitution

Charitable company registered in England & Wales on 24/05/2022, number: 1199061
Registered at Companies House on 02/03/2021, number: 13240146

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

1 returns made; all on time

Main office

Second Home
68 Hanbury Street
London
E1 5JL

Objectives

“The promotion of equality and diversity for the public benefit by:(1) the provision and facilitation of internships for the beneficiaries particularly in industries where such individuals are underrepresented; and(2) the provision of education and training to develop the capacities, competencies, skills and knowledge of the beneficiaries in relation to particular industries including Accountancy, Education, Health Data Science, Healthcare Management, Insurance, Investment Management, Law, Long-term Savings, Marketing and Advertising and Recruitment.For the purposes of this article the beneficiaries are defined as: (a) individuals who trace their ancestry to indigenous inhabitants of Africa including such persons of Caribbean descent and such African and Afro-Caribbean persons who are British citizens;(b) persons with a disability; (c) underprivileged and socially and economically disadvantaged persons; and(d) older people.”

Data Sources