GENERATION: YOU EMPLOYED, UK

Charity Number: 1183046
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Charity relieves unemployment in England and Wales through: (a) providing and promoting training and retraining; (b) facilitating access to work experience, apprenticeships and employment opportunities; (c) providing mentoring, guidance and advice;and (d) providing other support.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£4,958,382

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Donations and legacies £291.91k
Charitable activities £205.19k
Other trading activities £0
Investments £0
Other £4.46m

Total expenditure:
£4,952,067

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Raising funds £84.34k
Charitable activities £4.87m
Other £0

£0 investments gains (losses)

Total income includes £2,294,530 from 12 government contract(s) and £2,294,530 from 12 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £84.34k
Charitable expenditure £4.87m
Retained for future use £6.32k

People

74 Employee(s)

10 Trustee(s)

50 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 3
£70k to £80k 1
£150k to £200k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Other Charitable Purposes
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Other Finance
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 18 April 2019: Standard registration
Organisation type:
Charitable company
Other names:
  • GEN UK (Working name)
  • GENERATION (Working name)
  • GENERATION UK (Working name)
Company number:
11011652 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • 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
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Steve Holliday Mr Chair 01 October 2024
None on record
Imran Razzaq Trustee 01 April 2025
None on record
Jane Gibbon Trustee 20 October 2024
None on record
Kathryn Greenwood Trustee 20 October 2024
None on record
Caroline Carter Trustee 20 October 2024
THE ROSALIND FRANKLIN INSTITUTE
Received: 12 days late
Minh Huy Lai Trustee 01 October 2023
None on record
Eunice Olumide Trustee 27 November 2020
None on record
ALICE YVONNE BENTINCK MBE Trustee 22 May 2019
None on record
Saeed Atcha Trustee 22 May 2019
EDUCATION & EMPLOYERS TASKFORCE
Received: On time
ANDREW RATCLIFFE Trustee 30 August 2018
ACTION TUTORING
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £1.59m £2.67m £4.09m £4.78m £4.96m
Total expenditure £1.37m £2.65m £3.78m £4.78m £4.95m
Income from government contracts N/A N/A £1.44m £1.44m £2.29m
Income from government grants N/A £835.11k N/A £1.44m £2.29m
Income - Donations and legacies £777.08k £2.57m £155.66k £4.32m £291.91k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £611.67k £95.45k £214.70k £459.06k £205.19k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £370 £0 £0 £0
Income - Other £0 £0 £3.72m £0 £4.46m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.27m £2.54m £3.67m £4.74m £4.87m
Expenditure - Raising funds £102.32k £110.69k £110.53k £44.85k £84.34k
Expenditure - Governance £0 £179.95k £252.37k £252.37k £235.43k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £4.09k £30.79k £46.57k £106.35k £68.98k
Long-term investments £0 £0 £0 £0 £0
Other assets £511.62k £933.04k £1.95m £1.69m £1.95m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £292.56k £719.98k £1.44m £1.24m £1.45m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 05 September 2024 On Time
Accounts and TAR 31 December 2023 05 September 2024 On Time Download Open in new window
Annual return 31 December 2022 19 October 2023 On Time
Accounts and TAR 31 December 2022 19 October 2023 On Time Download Open in new window
Annual return 31 December 2021 10 November 2022 10 days late
Accounts and TAR 31 December 2021 10 November 2022 10 days late Download Open in new window
Annual return 31 December 2020 03 November 2021 3 days late
Accounts and TAR 31 December 2020 03 November 2021 3 days late Download Open in new window
Annual return 31 December 2019 05 November 2020 5 days late
Accounts and TAR 31 December 2019 05 November 2020 5 days late Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 13 OCT 2017

Charitable objects

THE OBJECTS OF THE CHARITY (THE ÔOBJECTSÖ) ARE, FOR THE BENEFIT OF THE PUBLIC: (1) TO ADVANCE EDUCATION BY THE PROVISION, ENCOURAGEMENT AND PROMOTION OF EDUCATION, INSTRUCTION OR TRAINING IN PROFESSIONS, VOCATIONS, INDUSTRIES, CRAFTS, TRADES OR THE TECHNICAL AND BEHAVIOURAL SKILLS NEEDED IN EMPLOYMENT; AND (2) THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT INCLUDING BUT WITHOUT LIMITATION BY: (A) THE PROVISION AND PROMOTION OF TRAINING AND RETRAINING; (B) FACILITATING ACCESS TO WORK EXPERIENCE, APPRENTICESHIPS AND EMPLOYMENT OPPORTUNITIES; (C) THE PROVISION OF MENTORING, GUIDANCE AND ADVICE; AND (D) THE PROVISION OF ANY OTHER REASONABLE SUPPORT IN CONNECTION WITH THE ABOVE OR ANY OTHER MEANS OF RELIEVING UNEMPLOYMENT. NOTHING IN THESE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

Contact information

Address:
Isosceles Finance Ltd
One
High Street
EGHAM
Surrey
TW20 9HJ
Phone:
07740703460
Email:
generationuk@generation.org
Website:

www.generation.org/country/united-kingdom Open in new window