THE FOUNDATION FOR SOCIAL ENTREPRENEURS

Charity number: 1090393
Up to date

Charity overview

Activities - how the charity spends its money

Our mission is to find social entrepreneurs with bold solutions to today's challenges. Through funding and support, we help them to realise their potential and create lasting change. This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Income and expenditure

Data for financial year ending 31 March 2023

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.

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

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

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 01 February 2002: Standard registration
Organisation type:
Charitable company
Other names:
  • UNLTD (Working name)
Company number:
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment 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
  • Investment
  • 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
  • Volunteer management
Land and property:
This charity owns and/or leases 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

13 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
James Endean Trustee 20 March 2023
None on record
Vanessa Johnson Burgess Trustee 13 December 2022
None on record
Gary Stewart Trustee 02 June 2021
None on record
Mohammed Hashi Trustee 02 June 2021
None on record
Naveed Rigu Parvez Trustee 03 June 2020
None on record
Gillian Gamble Trustee 03 June 2020
None on record
Anne Glover Trustee 04 June 2018
None on record
Amma Mensah Trustee 04 June 2018
None on record
Krishna Vishnubhotla Trustee 05 June 2017
None on record
Elizabeth Sideris Trustee 05 June 2017
None on record
James Lawson Trustee 05 June 2017
None on record
Rachel Barton Trustee 05 June 2017
KING'S COLLEGE HOSPITAL CHARITY
Received: On time
Nicolas Farhi Trustee 09 June 2014
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Total gross income £6.34m £6.31m £21.78m £11.04m £10.12m
Total expenditure £8.64m £8.67m £19.01m £10.79m £11.19m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A £3.52m
Income - Donations and legacies £1.83m £748.67k £17.82m £7.13m £5.86m
Income - Other trading activities £18.81k £0 £0 £0 £0
Income - Charitable activities £404.00k £407.95k £471.89k £508.45k £300.61k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £4.09m £5.15m £3.49m £3.40m £3.96m
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £8.03m £8.11m £18.26m £9.81m £10.24m
Expenditure - Raising funds £607.42k £557.50k £754.02k £974.56k £952.28k
Expenditure - Governance £40.13k £69.00k £53.92k £59.67k £71.50k
Expenditure - Grants institution £2.26m £0 £12.85m £4.28m £0
Expenditure - Investment management £607.42k £557.50k £754.02k £974.56k £952.28k
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 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Own use assets £876.93k £852.24k £835.00k £830.00k £1.01m
Long-term investments £148.81m £128.31m £158.08m £167.61m £159.29m
Other assets £4.63m £3.12m £7.89m £7.14m £4.87m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £3.84m £4.98m £4.96m £4.30m £3.41m

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 March 2023 24 November 2023 On Time
Accounts and TAR 31 March 2023 24 November 2023 On Time Download Open in new window
Annual return 31 March 2022 03 October 2022 On Time
Accounts and TAR 31 March 2022 03 October 2022 On Time Download Open in new window
Annual return 31 March 2021 07 October 2021 On Time
Accounts and TAR 31 March 2021 07 October 2021 On Time Download Open in new window
Annual return 31 March 2020 15 December 2020 On Time
Accounts and TAR 31 March 2020 15 December 2020 On Time Download Open in new window
Annual return 31 March 2019 20 December 2019 On Time
Accounts and TAR 31 March 2019 20 December 2019 On Time Download Open in new window
Submit annual return Open in new window

Contact information

Address:
UNLIMITED
123 WHITECROSS STREET
LONDON
EC1Y 8JJ
Phone:
02075661100