Finance Score: -8

Governance Score: -4

Support Score: 2

Excess reserves: -2
Spending falling: -1
Multiple Deficits and declines: -5

Only 4 Trustees: -1
All male board: -3

Grant maker support: +2

Overall GiG Score: -10

THE ICELAND FOODS CHARITABLE FOUNDATION

The Foundation supports the good causes for which Iceland Foods and its employees undertake a wide range of fundraising activities each year. Since 1986 Iceland Foods and the Foundation have together given over GBP9m to charities including Alder Hey Children's Hospital (over GBP3m), Help For Heroes (GBP1.6m), Alzheimer's Research UK (over GBP3.0m) and The Prostate Cancer Charity (over GBP500,000).

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker recently

Regulatory & Governance issues to consider:

There are only 4 trustees
The Board is completely male

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £3,380,051 available, equivalent to 29 months of spending and so may not be able to utilise additional funding
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile and on several occasions in recent years less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
05/04/23		£1,635	£1,379	£256	£194	£3,527	£3,380	29.4	0
05/04/22		£959	£1,646	£-687	£119	£3,271	£3,200	23.3	0
05/04/21		£365	£963	£-597	n/a	n/a	n/a	n/a	n/a
05/04/20		£1,967	£1,566	£401	£0	£4,555	£4,536	34.8	0
05/04/19		£4,370	£3,105	£1,265	£0	£4,154	£4,154	16.1	0
05/04/18		£5,489	£2,805	£2,684	£0	£2,889	£2,889	12.4	0
05/04/17		£6,799	£6,825	£-27	£0	£205	£205	0.4	0
05/04/16		£3,343	£3,561	£-218	£0	£232	£232	0.8	0
05/04/15		£1,311	£1,160	£151	£0	£450	£273	2.8	0
05/04/14		£2,219	£2,006	£214	£0	£299	£299	1.8	0
05/04/13		£143	£296	£-154	£0	£0	£0	n/a	0
05/04/12		£1,175	£1,102	£73	£0	£239	£239	2.6	0
05/04/11	*	£1,737	£1,622	£115	£0	£166	£166	1.2	0
05/04/10		£125	£209	£-84	£0	£0	£0	n/a	0
05/04/09	*	£201	£100	£101	£0	£0	£0	n/a	0
05/04/08		£399	£399	£0	£0	£0	£0	n/a	0
05/04/07		£0	£0	£0	£0	£0	£0	NAN	0
05/04/06		£0	£0	£0	£0	£0	£0	NAN	0
05/04/05		£1	£210	£-209	£0	£0	£0	n/a	0
05/04/04		£1	£0	£1	£0	£0	£0	NAN	0

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Financial Ratios

Fundraising Costs/Relevant Income: 12.2%
Fundraising Costs/Total Spending: 14.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 10%
Liabilities/Income: 24%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 29.4 months
Net Current Assets/Spending: 33 months
Quick Ratio: 25.3

Asset Split ?

Established: 43 years

www.ifcf.org.uk

IFCF@Iceland.co.uk

01244842885

Charity Commission for England and Wales

Tweets

Listed activities

General Charitable Purposes

GiG Classification

Medical research

How it operates

Makes Grants to Organisations

Where it operates

Scotland, Throughout England And Wales,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Steve Morgan Foundation - Grant to The Iceland Foods Charitable Foundation
£10,000	22/03/2023	Discretionary grant awarded
Steve Morgan Foundation - Grant to The Iceland Foods Charitable Foundation
£10,000	01/03/2021	Discretionary grant awarded

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Gender Split

PAUL DHALIWAL Appointed: 2021

RICHARD MALCOLM WALKER Appointed: 2014

SIR MALCOLM WALKER

TARSEM SINGH DHALIWAL

Legal constitution

Charity registered in England & Wales on 03/03/1981, number: 281943

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints policy and procedures
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
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR11: 31 days late, AR09: 0 days late,

Main office

Second Avenue
Deeside Industrial Park
Deeside
Flintshire
CH5 2NW

Objectives

FOR THE BENEFIT OR IN THE FURTHERANCE OF SUCH CHARITABLE PURPOSES, CHARITABLE INSTITUTIONS OR CHARITABLE FOUNDATIONS IN THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND IN SUCH MANNER AND IN SUCH PROPORTIONS AS THE TRUSTEES MAY FROM TIME TO TIME IN THEIR DISCRETION DETERMINE.

Defined Area of Benefit:

NATIONAL

Data Sources