IMPETUS - THE PRIVATE EQUITY FOUNDATION

Charity number: 1152262
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Impetus transforms the lives of young people from disadvantaged backgrounds by ensuring they get the right support to succeed in school, in work and in life. We find, fund and build the most promising charities working with these young people, providing core funding and working shoulder-to-shoulder with their leaders to help them become stronger organisations.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£22,206,602

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Donations and legacies £15.29m
Charitable activities £0
Other trading activities £1.85m
Investments £5.07m
Other £0

Total expenditure:
£42,308,927

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Raising funds £1.29m
Charitable activities £41.02m
Other £0

£0 investments gains (losses)

Total income includes £3,164,769 from 3 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.

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Raising funds and other expenditure £1.29m
Charitable expenditure £41.02m

People

102 Employee(s)

11 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 10
£70k to £80k 8
£80k to £90k 4
£90k to £100k 1
£100k to £110k 1
£110k to £120k 1
£130k to £140k 1

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:
  • General Charitable Purposes
  • Education/training
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 03 June 2013: Standard registration
Organisation type:
Charitable company
Other names:
  • IMPETUS (Working name)
  • IMPETUS - PEF (Previous name)
Company number:
08460519 Open in new window
Gift aid:
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
  • Investment
  • 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
  • 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

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
BILL BENJAMIN Chair 04 December 2024
None on record
Arnaud Emmanuel Frederic Bosquet Trustee 26 June 2024
None on record
Christian Yannick Lucas Trustee 26 June 2024
None on record
Alexander Walsh Trustee 23 May 2023
None on record
Andrew Thoms Trustee 10 October 2022
None on record
Satwinder Singh Trustee 10 October 2022
THE HISTORIC ENGLAND FOUNDATION
Received: On time
Natasha Porter OBE Trustee 12 December 2019
GET FURTHER LTD
Received: On time
Charles Edwards Trustee 30 September 2019
None on record
Filippo Cardini Trustee 25 June 2019
None on record
Shani Zindel Trustee 07 December 2017
None on record
Lisa Stone Trustee 29 June 2016
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/03/2023 31/03/2024
Total gross income £8.00m £13.15m £20.79m £27.16m £22.21m
Total expenditure £11.65m £24.94m £28.11m £42.23m £42.31m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £1.00m £4.00m £161.49k £3.16m
Income - Donations and legacies £205.50m £7.26m £8.54m £19.61m £15.29m
Income - Other trading activities £1.78m £1.00m £1.89m £1.83m £1.85m
Income - Charitable activities £0 £0 £5.42m £0 £0
Income - Endowments £200.00m £0 £0 £0 £0
Income - Investment £721.25k £4.85m £4.94m £5.72m £5.07m
Income - Other £0 £30.49k £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £8.74m £24.19m £24.26m £40.92m £41.02m
Expenditure - Raising funds £1.07m £744.66k £1.44m £1.31m £1.29m
Expenditure - Governance £82.97k £61.71k £105.80k £180.91k £126.88k
Expenditure - Grants institution £5.07m £16.50m £17.45m £23.14m £23.08m
Expenditure - Investment management £45.65k £402.95k £594.13k £576.15k £370.84k
Expenditure - Other £1.83m £0 £2.40m £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 31/03/2023 31/03/2024
Own use assets £2.95k £5.32k £147.35k £143.99k £131.13k
Long-term investments £195.29m £194.22m £192.17m £154.64m £150.89m
Other assets £9.59m £8.39m £12.80m £16.49m £13.90m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £688.27k £694.79k £1.32m £1.19m £6.29m

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 2024 27 January 2025 On Time
Accounts and TAR 31 March 2024 27 January 2025 On Time Download Open in new window
Annual return 31 March 2023 22 December 2023 On Time
Accounts and TAR 31 March 2023 22 December 2023 On Time Download Open in new window
Annual return 31 December 2021 09 September 2022 On Time
Accounts and TAR 31 December 2021 09 September 2022 On Time Download Open in new window
Annual return 31 December 2020 27 September 2021 On Time
Accounts and TAR 31 December 2020 27 September 2021 On Time Download Open in new window
Annual return 31 December 2019 30 October 2020 On Time
Accounts and TAR 31 December 2019 30 October 2020 On Time 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 25 MAR 2013

Charitable objects

THE CHARITY'S OBJECTS ARE TO ADVANCE ALL PURPOSES RECOGNISED AS CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES AND TO PROMOTE THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE PROMOTION OF THE EFFECTIVE USE OF RESOURCES FOR CHARITABLE PURPOSES.

Contact information

Address:
Impetus
Golden Cross House
8 Duncannon Street
LONDON
WC2N 4JF
Phone:
07774 437 701
Email:
info@impetus.org.uk
Website:

http://www.impetus.org.uk/ Open in new window