Finance Score: -4
Governance Score: 9
Support Score: 8
  • Spending falling: -1
  • Volatile income: -3
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +8
Overall GiG Score: 13 ?

TEMPO TIME CREDITS LIMITED

Time Credit systems work on a simple hour-for-hour basis: for every hour you give to your community you earn one Time Credit, which you can then spend on an activity of your choice. You can give time in ways that match your skills and interests, and spend your Time Credits with our diverse range of fantastic partners across the UK who offer everything from swimming to learning a language.
Analysis by Giving is Great

Positives:

  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition
  • This charity is based in an area of extremely high deprivation

Regulatory & Governance issues to consider:

  • Over half the Board have joined recently

Financial issues to consider:

  • Spending has fallen significantly over the last 5 years relative to the previous period
  • Income has been volatile recently

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/23£1,008£1,076£-68£0£290£2903.2250
31/03/22£1,290£1,335£-45£0£358£3583.2260
31/03/21£1,742£1,662£80£0£403£4032.9350
31/03/20£1,737£1,898£-162£0£323£3162470
31/03/19£2,020£2,103£-83£0£499£4752.7420
31/03/18£2,125£2,015£110£0£567£4542.7400
31/03/17£1,785£1,691£94£0£457£3472.5320
31/03/16£1,583£1,651£-68£0£363£3282.4300
31/03/15£1,594£1,445£149£21£431£3953.3280
31/03/14£1,109£1,473£-365£15£282£2772.3210
31/03/13£1,024£1,205£-181£13£647£1761.8200
31/03/12*£1,292£513£779£11£828£922.2110
31/03/11*£292£290£2n/an/an/an/an/an/a

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 23%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 3.2 months
Net Current Assets/Spending: 1 months
Quick Ratio: 2.3
Asset Split ?
Balance Sheet History
Established: 15 years

www.wearetempo.org

hello@wearetempo.org

02920462045

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Legal & financial advice
How it operates
  • Provides services
  • Sponsors or undertakes research
Where it operates
  • Throughout England And Wales,
  • This charity is based in an area of extremely high deprivation
Who it helps
  • Children/Young People
  • Elderly/Old People
  • Other Defined Groups
  • People With Disabilities
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years
City Bridge Trust£202,000
Esmee Fairbairn£53,000
Paul Hamlyn Foundation£20,000
Hyde Charitable Trust£10,076
Specific Donations
Amount When
Months
To be used for
Esmee Fairbairn - Grant to Tempo
£3,000 13/02/2023
Towards unrestricted core costs as a Cost of Living Uplift
Hyde Charitable Trust - Promoting Volunteering to Islington Hyde Residents
£10,076 04/02/2022
Promoting Volunteering to Islington Hyde Residents
Paul Hamlyn Foundation - Covid-19 Emergency Funding
£20,000 09/12/2020
7
Tempo is a charity which runs Time Credits, a programme in which people earn credits for volunteering which can then be spent on cultural activities, products or services provided by a national network of recognition partners. This grant provides ....more
Esmee Fairbairn - Grant to Tempo
£50,000 05/05/2020
6
towards unrestricted core costs as a COVID-19 Fast Response grant
City Bridge Trust - Grant to Tempo Time Credits Ltd
£202,000 30/01/2020
48
£202,000 over four years towards the development of Time Credits networks in London.
Esmee Fairbairn - Grant to Tempo
£270,000 05/11/2019
48
Towards unrestricted core costs to enable the organisation to expand the reach and impact of Time Credits.
Garfield Weston Foundation - Multi-Year Grant (2 Years) award
£90,000 15/07/2019
24
Tempo Time Credits: a tool for stronger communities
Paul Hamlyn Foundation - Evaluating the impact of Time Credits in increasing arts access
£48,000 13/05/2019
18
To evaluate the impact of the use of Tempo Time Credits, an alternative currency earned through volunteering and exchanged for leisure and cultural activities, in supporting new audiences to engage with the arts.
Barrow Cadbury Trust - Policy Development
£28,600 23/07/2018
12
Building a policy approach and influencing for Time Credits.
Comic Relief - Giving power back to local communities with Time Credits
£47,000 16/05/2018
9
Spice run a successful Time Credits scheme, based on the principle of rewarding an hour of volunteering with a ‘credit’. These ‘credits’ can be redeemed by people in a variety of ways, including at arts and leisure venues. Currently the ....more
Sport England - Opportunity Fund
£153,881 19/02/2018
35
Funding under Sport England's Opportunity Fund funding programme for a Revenue project titled Opportunity Fund. This project is a Sport and Physical Activity project, with a focus on beneficiaries from a BAME background.
Garfield Weston Foundation - Main Grants award
£50,000 06/02/2018
Scaling Time Credits to enable a million volunteer hours
John Ellerman Foundation - Spice Time Credits
£96,000 30/11/2017
36
Towards the core costs of expanding their innovative volunteering exchange scheme to get people more involved in their communities.
Nesta - AC00627
£247,260 31/03/2017
33
Second Half Fund programme grant to Tempo Grant Ref AC00627
DCMS - Second Half Fund
£1,236,300 31/03/2017
Nesta is undertaking a programme called the ?Second Half Fund? (?the Programme?) which is supported and funded by the Department for Culture, Media and Sport through the Office for Civil Society. The aim of the Programme is to support the growth of ....more
Tudor Trust - Grant to Spice Innovations Limited
£100,000 29/01/2016
36
over three years towards salaries at an organisation developing community time credits in England and Wales
Esmee Fairbairn - Grant to Tempo
£455,488 24/04/2014
Towards core costs of an organisation that seeks to refine and develop the alternatives to the traditional time-banking model, tailoring it appropriately for specific contexts.
Nesta - AC00371
£343,972 11/02/2014
Centre for Social Action Innovation Fund programme grant to Tempo Grant Ref AC00371
National Lottery Community Fund - Total Timebanking - A New Engine for Mutualism
£244,764 25/05/2011
36
The project will enable the organisation to develop a new approach to time banking, by developing new models of design and practice that can then be accessed and replicated by public and community services across Wales. These will then be rolled out ....more
Esmee Fairbairn - Grant to Tempo
£99,759 30/09/2009
36
Towards Core costs Towards the salary and costs of the development manager to develop a new UK-wide social enterprise that supports organisations to increase levels of citizen engagement through time-banking.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)
Current Trustees appointed
Gender Split

Age Range of Trustees: 44-73
  • ANGELA BARRAAGO Appointed: 2023
  • CHRISTINA ISABELL TAYLOR Appointed: 2022, Occupation: Consultant
  • JOHN PUZEY Appointed: 2021, Occupation: Retired
  • KAREN JANE PENNEY Appointed: 2022, Occupation: Retired
  • REBECCA BOOTH Appointed: 2023, Occupation: Charity Worker
  • RON JARMAN (Chair) Appointed: 2021, Occupation: Chair Person
  • STUART MULLIN Appointed: 2019, Occupation: Director
  • TAMARA COLLARD Appointed: 2023
Legal constitution
  • Charitable company registered in England & Wales on 24/03/2010, number: 1135143
  • Registered at Companies House on 15/05/2008, number: 06593956
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment 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
  • 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
13 returns made; AR12: 63 days late, AR11: 2 days late,
Main office

The Maltings
East Tyndall Street
CARDIFF
CF24 5EA

Objectives

THE CHARITY’S OBJECTS (THE “OBJECTS”) ARE SPECIFICALLY RESTRICTED TO:TO ADVANCE EDUCATION OF SOCIETY IN THE BENEFITS OF COMMUNITY ENGAGEMENT, VOLUNTEERING AND THE OPPORTUNITIES THAT TIME CREDITS PROVIDE TO DERIVE THOSE BENEFITS, INCLUDING BUT NOT LIMITED TO THE DEVELOPMENT OF SKILLS AND PARTICIPATION IN SOCIETY. TO DEVELOP THE CAPABILITY AND CAPACITY OF COMMUNITY DEVELOPMENT THROUGH BRINGING TOGETHER LOCAL, REGIONAL AND NATIONAL ORGANISATIONS, IN ORDER TO DELIVER SUSTAINABLE SOLUTIONS THAT BENEFIT THEIR LOCAL COMMUNITIES. THIS PARTNERSHIP DEVELOPMENT WILL BE TARGETED AT THOSE IN SOCIETY LEAST ABLE TO TAKE ADVANTAGE OF ECONOMIC AND SOCIAL CHANGE. TO IMPROVE THE DIVERSITY AND QUANTITY OF VOLUNTEERING AT BOTH A LOCAL AND NATIONAL LEVEL, BY PROMOTING AND MANAGING TIME CREDITS AND ASSOCIATED DIGITAL SOLUTIONS. TO PROMOTE UNPAID WORK AND INCREASE AWARENESS OF HOW VOLUNTARY WORK ENRICHES SOCIETY AND COMMUNITY LIVING, FURTHER ENABLED BY THE PROVISION OF TIME CREDITS. TO PROVIDE RESEARCH AND CONSULTANCY TO SUPPORT DELIVERY OF OUR CHARITABLE ACTIVITIES AND OBJECTS.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, NATIONALLY AND INTERNATIONALLY.

Data Sources

Charity Commission for England and Wales
360 Giving

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