THE EY FOUNDATION

Charity number: 1157154
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Our mission is to create and support pathways for young people and entrepreneurs into education, employment and enterprise to help build stronger communities and a more sustainable economy. The programmes we deliver, the independence of our fundraising and the support we provide to other charities sharing our mission, makes us a pioneering force in the UK's charitable foundation sector.

Income and expenditure

Data for financial year ending 30 June 2024

Total income:
£3,648,670

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £3.14m
Charitable activities £493.71k
Other trading activities £990
Investments £18.19k
Other £0

Total expenditure:
£3,755,868

Text alternative for this canvas graphic is in the data table below.
Raising funds £1.02m
Charitable activities £2.73m
Other £0

£0 investments gains (losses)

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 £1.02m
Charitable expenditure £2.73m

People

51 Employee(s)

11 Trustee(s)

2010 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£70k to £80k 2
£80k to £90k 1
£90k to £100k 2
£110k to £120k 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:
  • General Charitable Purposes
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
Where the charity operates:
  • Throughout England
  • Scotland

Governance

Registration history:
  • 21 May 2014: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
08935629 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • 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 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

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Edel Harris Chair 06 December 2023
None on record
Ashley Hodges Gibson Trustee 12 March 2025
None on record
Lucia Wilde Trustee 05 December 2024
None on record
Chelsea Hargreaves Trustee 04 December 2024
None on record
Erol Mustafa Trustee 13 March 2024
None on record
Sarah Baugh Trustee 06 December 2023
None on record
Julie Cavin Trustee 07 December 2022
None on record
Rachel Mary Sandy Thomas Trustee 16 March 2022
None on record
Julianna Oladipo Trustee 25 January 2021
None on record
Mark Hutchinson Trustee 17 July 2020
None on record
Sayeh Ghanbari Trustee 17 June 2020
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 29/06/2020 29/06/2021 29/06/2022 30/06/2023 30/06/2024
Total gross income £3.06m £3.50m £4.13m £4.01m £3.82m
Total expenditure £3.32m £3.28m £3.64m £4.03m £3.76m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A £80.71k £170.65k N/A
Income - Donations and legacies £2.61m £2.97m £3.30m £3.20m £3.14m
Income - Other trading activities £0 £0 £0 £8.88k £990
Income - Charitable activities £434.32k £522.73k £832.61k £797.91k £493.71k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £18.19k
Income - Other £22.17k £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £2.47m £2.16m £2.43m £3.00m £2.73m
Expenditure - Raising funds £848.68k £1.12m £1.21m £1.03m £1.02m
Expenditure - Governance £60.34k £80.76k £76.79k £73.69k £58.35k
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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 29/06/2020 29/06/2021 29/06/2022 30/06/2023 30/06/2024
Own use assets £41.52k £58.29k £50.29k £42.29k £34.29k
Long-term investments £0 £0 £0 £0 £0
Other assets £2.09m £2.17m £2.20m £2.39m £2.22m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.05m £920.39k £448.66k £750.00k £512.44k

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 30 June 2024 03 March 2025 On Time
Accounts and TAR 30 June 2024 15 January 2025 On Time Download Open in new window
Annual return 30 June 2023 18 March 2024 On Time
Accounts and TAR 30 June 2023 18 March 2024 On Time
Annual return 29 June 2022 01 March 2023 On Time
Accounts and TAR 29 June 2022 01 March 2023 On Time Download Open in new window
Annual return 29 June 2021 24 March 2022 On Time
Accounts and TAR 29 June 2021 24 March 2022 On Time Download Open in new window
Annual return 29 June 2020 27 January 2021 On Time
Accounts and TAR 29 June 2020 27 January 2021 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 12 MAR 2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17 OCT 2017 as amended on 19 Nov 2019

Charitable objects

THE OBJECTS OF THE CHARITY ARE FOR THE BENEFIT OF THE PUBLIC TO ADVANCE SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY DECIDE FROM TIME TO TIME. IN THE 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.

Contact information

Address:
ERNST & YOUNG LLP
1 MORE LONDON PLACE
LONDON
SE1 2AF
Phone:
02079513133
Email:
enquiries@eyfoundation.ey.com
Website:

www.ey.com/eyfoundation Open in new window