Finance Score: 0

Governance Score: 2

Support Score: 6

No PartB

Only 4 Trustees: -1
Good trustee age range: +3

Grant maker support: +6

Overall GiG Score: 8

OLMEC

Developing the capacity and sustainability of community based organisations and social enterprises.Promoting community led initiatives.Brokering business support and investment into local communities.Delivering employment, training and work placement opportunities.Enabling local people to develop appropriate skills to influence change.Facilitating sharing of best practice.

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

There are only 4 trustees

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data

Established: 21 years

www.olmec-ec.org.uk

jmayford@olmec-ec.org.uk

07872 507489

Charity Commission for England and Wales

Tweets

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	Volun- teers
31/03/23	*	£258	£219	£39	n/a	n/a	n/a	n/a	n/a	0
31/03/22		£204	£196	£8	n/a	n/a	n/a	n/a	n/a	15
31/03/21		£204	£198	£6	n/a	n/a	n/a	n/a	n/a	15
31/03/20		£323	£305	£18	n/a	n/a	n/a	n/a	n/a	15
31/03/19		£339	£330	£9	n/a	n/a	n/a	n/a	n/a	0
31/03/18		£239	£233	£6	£0	£0	£0	n/a	0	0
31/03/17		£198	£192	£6	£0	£0	£0	n/a	0	0
31/03/16		£223	£255	£-32	£0	£0	£0	n/a	0	0
31/03/15	*	£336	£332	£5	£0	£0	£0	n/a	0	0
31/03/14	*	£333	£355	£-21	£0	£0	£0	n/a	0	0
31/03/13		£222	£262	£-40	£0	£0	£0	n/a	0	0
31/03/12	*	£270	£335	£-65	£0	£0	£0	n/a	0	0
31/03/11		£464	£495	£-31	£0	£0	£0	n/a	0	0
31/03/10		£553	£504	£49	£37	£214	£19	0.5	7	0
31/03/09		£580	£504	£76	£39	£165	£29	0.7	6	0
31/03/08		£467	£410	£57	£0	£0	£0	n/a	0	0
31/03/07		£243	£249	£-6	£0	£0	£0	n/a	0	0
31/03/06	*	£287	£287	£0	£0	£0	£0	n/a	0	0
31/03/05		£286	£260	£26	£0	£0	£0	n/a	0	0

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Senior Staff Costs/Total Spending: 36%
Highest pay band: £60,000-£70,000

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Throughout London,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin
People With Disabilities

Who's supporting 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
City Bridge Trust - Grant to Olmec
£37,500	05/01/2023 24	£37,500 over two years (£20,000; £17,500) towards the core costs of Olmec’s operations in London.
The Fore - Grant to Olmec
£15,000	01/12/2020 36	Olmec is a Stratford-based social enterprise that champions racial equality and addresses the disadvantages faced by minority and refugee communities (particularly those living in social housing) in ....more Olmec is a Stratford-based social enterprise that champions racial equality and addresses the disadvantages faced by minority and refugee communities (particularly those living in social housing) in accessing employment and positions of power. Its employment scheme with refugee women resulted in 211 people entering employment in two years, and its Black on Board programme now regularly sources trustees for local Housing Associations. The organisation is BAME-led and has an 100% BAME board. Olmec currently has a considerable waiting list for its programmes. It is using funding from The Fore to create a new online course based on the Black on Board programme, enabling the organisation to reach more people, operate more sustainably during Covid and generate additional revenue.
The EQ Foundation - Grant to OLMEC
£5,000	15/12/2017	Via Big Give
Walcot Foundation - Solid Foundations
£10,000	27/03/2015 12	Solid Foundations

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 38-77

BRUCE MALCOLM NOBREGA Appointed: 2016, Occupation: Retired, Other trusteeship: THE QUEEN'S COLLEGE OF GUYANA ASSOCIATION (UK),

DR CURTIS ASANTE Appointed: 2021

JASON BOWEN Appointed: 2019, Occupation: Communications Manager

ROWENA RICHARDS Appointed: 2019, Occupation: Student

Legal constitution

Charitable company registered in England & Wales on 10/10/2003, number: 1100007
Registered at Companies House on 17/01/2003, number: 04640278

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

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

Filing Record

19 returns made; AR23: 5 days late, AR15: 26 days late, AR14: 3 days late, AR12: 1 days late, AR06: 28 days late,

Main office

The People's Place
84-86 High Street
LONDON
E15 2NE

Objectives

I) THE RELIEF OF SICKNESS GENERALLY AND IN PARTICULAR BUT NOT SO AS TO LIMIT THE GENERALITY OF THE FOREGOING THE PROVISION OF NURSING CARE AND THE PRESERVATION AND PROTECTION OF THE HEALTH OF THE PUBLIC, THE PREVENTION AND RELIEF OF ILL HEALTH, THE PROMOTION AND IMPROVEMENT OF HEALTH AND A REDUCTION IN HEALTH INEQUALITIES,II) THE RELIEF OF POVERTY IN SUCH WAYS AS MAY BE THOUGHT FIT.IV) THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT,V) ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE, AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE,VII) THE PROVISION OR ASSISTANCE IN THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE AND/OR THOSE WHO, BY REASONS OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES,VIII) SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES.

Defined Area of Benefit:

NATIONAL

Data Sources