Finance Score: 2

Governance Score: 5

Support Score: 8

Excess liquidity: -1
Fundraising costs low: +3

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

Grant maker support: +8

Overall GiG Score: 15

THE FERRY PROJECT

Helping the homeless with love and support towards independence by providing personalised support and accommodation. We help to prevent homelessness by managing the Queen Mary Centre which provides a base for community organisations working with and for the local community. A central aim of the is to work closely with partners, including businesses, charities, churches and the public sector.

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
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:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income

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		£2,081	£1,799	£282	£12	£3,057	£2,738	18.3	44	24
31/03/22		£1,506	£1,544	£-38	£69	£2,787	£2,756	21.4	41	20
31/03/21		£1,418	£1,358	£60	£209	£1,419	£1,016	9	34	13
31/03/20		£1,788	£1,365	£423	£251	£989	£658	5.8	39	0
31/03/19		£1,123	£2,441	£-1,318	£240	£522	£216	1.1	27	37
31/03/18	*	£1,162	£1,298	£-136	£270	£770	£515	4.8	28	0
31/03/17		£1,230	£1,085	£145	£202	£907	£592	6.5	34	0
31/03/16		£1,078	£1,069	£8	£0	£1,206	£1,091	12.2	37	0
31/03/15		£2,097	£1,180	£917	£4	£988	£960	9.8	34	0
31/03/14		£1,158	£1,172	£-13	£4	£81	£14	0.1	38	0
31/03/13		£1,047	£1,037	£10	£3	£94	£36	0.4	27	0
31/03/12		£1,042	£966	£76	£4	£84	£-3	-0	29	0
31/03/11		£929	£952	£-23	£4	£9	£-1	-0	30	0
31/03/10		£838	£844	£-6	£5	£32	£5	0.1	26	0
31/03/09		£870	£846	£24	£5	£38	£5	0.1	24	0
31/03/08		£1,008	£892	£116	£5	£14	£4	0	32	0
31/03/07	*	£728	£964	£-236	£3	£-110	£-114	-1.4	28	0
31/03/06?	*	£699	£726	£-28	£0	£0	£0	n/a	0	0
31/12/04		£391	£397	£-6	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 10%
Liabilities/Income: 17%
Unrestricted Funds/Total Funds: 90%
Reserves/Spending: 18.3 months
Net Current Assets/Spending: 8 months
Quick Ratio: 3.7

Asset Split ?

Established: 25 years

www.ferryproject.org.uk

OctaviaAdmin@ferryproject.org.uk

01945 754080

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Other Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Services for homeless & excluded people & ex-offenders

How it operates

Other charitable activities
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Cambridgeshire, Lincolnshire, Norfolk,

Who it helps

Other Defined Groups

Who works here?

44 employees
24 volunteers

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.

Major supporters in last 5 years

Cambridgeshire Community Foundation	£168,600
Ministry for Housing, Communities and Local Government	£42,600
National Lottery Community Fund	£10,000

Specific Donations

Amount	When Months	To be used for
Cambridgeshire Community Foundation - Enjoy Yourself
£100,000	13/12/2023	to deliver a programme of creative activities designed to build confidence and deliver low-key mental health and wellbeing support to 1,500 vulnerable people in Wisbech including those who are ....more to deliver a programme of creative activities designed to build confidence and deliver low-key mental health and wellbeing support to 1,500 vulnerable people in Wisbech including those who are homeless or from migrant communities
Cambridgeshire Community Foundation - Swap don't Shop
£63,600	20/07/2023	to continue running the 'Swap Don't Shop' initiative and the Donations Hub facility, which also involves a time swap sessions and volunteering opportunities
Cambridgeshire Community Foundation - Grant to The Ferry Project
£5,000	15/05/2020 10	to pay staff costs for their Central Food & Donations Hub, to provide meals and weekly/monthly care packages to 500 homeless people currently accessing support
Ministry for Housing, Communities and Local Government - MHCLG Homelessness Fund
£42,600	07/05/2020	Organisations supporting homelessness
National Lottery Community Fund - Octavia's Furniture Project
£10,000	07/08/2019 12	Octavia's Furniture Project
Garfield Weston Foundation - Main Grants award
£10,000	05/06/2018	The Emergency Night Shelter

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 40-70

JAMES MARCUS HULME Appointed: 2020, Occupation: Director

LUCY MCKITTERICK Appointed: 2021, Occupation: Director

DR IAIN HAROLD MASON Appointed: 2021, Occupation: Gp, Other trusteeships: FLORENCE HYLDA DENNIS TRUST, ST. AUGUSTINE'S DAY CENTRE,

ANNE DAVIES Appointed: 2017, Occupation: Accountant, Other trusteeship: CHURCH STREET ROOMS,

Legal constitution

Charitable company registered in England & Wales on 07/05/1999, number: 1075389
Registered at Companies House on 29/03/1999, number: 03742477

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 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
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; AR18: 1 days late, AR07: 2 days late, AR06: 158 days late,

Main office

The Ferry Project
Octavia View
10a-14 South Brink
Wisbech
Cambridgeshire
PE13 1JQ

Objectives

1) THE RELIEF OF POVERTY, IN PARTICULAR BUT WITHOUT PREJUDICE TO THE FOREGOING, BY THE PROVISION OF ACCOMODATION AND EDUCATION, VOCATIONAL TRAINING AND TRAINING IN LIFE SKILLS TO ENABLE SUCH PERSONS TO GAIN EMPLOYMENT IN THE GEOGRAPHICAL COUNTIES OF NORFOLK LINCOLNSHIRE AND CAMBRIDGESHIRE.2) THE ADVANCEMENT OF THE CHRISTIAN RELIGION IN THE GEOGRAPHICAL COUNTIES OF NORFOLK LINCOLNSHIRE AND CAMBRIDGESHIRE

Defined Area of Benefit:

NORFOLK, LINCOLNSHIRE, CAMBRIDGESHIRE

Data Sources