Finance Score: 8
Governance Score: 9
Support Score: 12
  • Liabilities <10%: +3
  • Strong growth: +2
  • Fundraising costs low: +3
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Large volunteers +3
  • Grant maker support: +9
Overall GiG Score: 29 ?

BOW FOODBANK 

Operation of an independent foodbank in Tower Hamlets
Analysis by Giving is Great

Positives:

  • This charity has been successful in attracting volunteers relative to its size
  • The charity has received backing from several prominent grant makers recently
  • This charity has a robust balance sheet
  • There has been strong growth in spending over the last 5 years
  • There have been no material income shortfalls in recent years
  • Fundraising costs are unusually low relative to funds raised
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • Over half the Board have joined recently

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£809£670£140£1£554£4367.813200
31/03/22£523£579£-56£1£414£3537.314300
31/03/21£1,057£646£411£0£470£4197.80200
31/03/20£127£115£12n/an/an/an/an/a100
31/03/19£80£69£10n/an/an/an/an/a70
31/03/18£73£53£20£0£0£0n/a00
31/03/17£44£43£1£0£0£0n/a00
31/03/16£48£38£10£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 0.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 79%
Reserves/Spending: 7.8 months
Net Current Assets/Spending: 10 months
Quick Ratio: 49.1
Asset Split ?
Established: 9 years

www.bowfoodbank.org

info@bowfoodbank.org

07305103479

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
Listed activities
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Community food services
How it operates
  • Provides advocacy/advice/information
  • Provides services
Where it operates
  • Tower Hamlets,
Who it helps
  • Other Defined Groups

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
National Lottery Community Fund£297,400
Department for Environment, Food and Rural Affairs£86,800
The London Community Foundation£43,300
Garfield Weston Foundation£40,000
DCMS£40,000
Co-Operative Group£22,115
Specific Donations
Amount When
Months
To be used for
Co-Operative Group - Grant to Bow Foodbank and Bethnal Green Foodbank
£3,120 22/10/2022
We wish to have food and other essentials on hand to help those in need when they are in crisis. We provide this service two days per week and will help anyone who comes to the sessions.
Co-Operative Group - Grant to Bow Foodbank
£8,252 23/10/2021
We would like to continue to supply emergency food and other essential hygiene items to those who are struggling, especially families.
London Catalyst - The Bow Foodbank Limited - 1
£2,000 07/09/2021
Food support - Bow and Bethnal Green
National Lottery Community Fund - Bow and Bethnal Green Foodbanks
£297,400 28/07/2021
The group is using funding to support two staff posts a CEO and Operational Manager to manage two foodbanks operating from Bromley By Bow Centre and Bethnal Green on a day-to-day basis and to develop ....more
Garfield Weston Foundation - Main Grants award - COVID19 response
£40,000 11/06/2021
Bow Foodbank and Bethnal Green Foodbank
The Grocers' Charity - 2021 - Bow Foodbank Limited
£5,000 24/03/2021
A grant of £5,000 would allow help provide emergency food support to around 1,100 children during the school holidays in August. £2.75 x 1100 x 4 weeks = £12,100.
DCMS - Coronavirus Community Support Fund
£40,000 22/09/2020
"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more
The London Community Foundation - Grant to The Bow Foodbank Limited
£38,300 30/06/2020
We have seen such a dramatic increase in numbers that we have had to move to larger premises ( temporary use while their project is closed). We believe that the numbers in food poverty and seeking ....more
Department for Environment, Food and Rural Affairs - Covid-19 Food Charity Grant Scheme
£43,400 15/06/2020
The aim of this activity is to provide immediate support for a limited period of time to keep food charities and front-line charities that provide food aid open and supporting those most vulnerable ....more
Department for Environment, Food and Rural Affairs - Covid-19 Food Charity Grant Scheme
£43,400 15/06/2020
The aim of this activity is to provide immediate support for a limited period of time to keep food charities and front-line charities that provide food aid open and supporting those most vulnerable ....more
The London Community Foundation - Grant to The Bow Foodbank Limited
£5,000 14/04/2020
Providing food and essential hygiene items to those in need. We are also supporting other local organisations who have approached us for help. We see the need to establish ourselves as a hub for the ....more
Co-Operative Group - Grant to The Bow Foodbank Ltd
£10,744 15/11/2019
We want to buy food and other essentials to increase stocks at our independent local food bank helping local people in need.
Co-Operative Group - Grant to The Bow Foodbank Ltd
£6,214 29/11/2017
Help us buy non-perishable food items for people in crisis and suffering from food poverty.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)
Current Trustees appointed
Gender Split
Based on 9/11 persons

Age Range of Trustees: 30-70
  • LATIKA SHAH Appointed: 2022, Occupation: Public Relations Consultant
Legal constitution
  • Charitable company registered in England & Wales on 15/06/2015, number: 1162185
  • Registered at Companies House on 20/01/2014, number: 08852728
Gift Aid
  • 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
  • Investment
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
8 returns made; all on time
Main office

177 Bow Road
London
E3 2SG

Objectives

THE RELIEF OF POVERTY IN TOWER HAMLETS, LONDON, THROUGH THE PROVISION OF FOOD AND ESSENTIAL ITEMS TO PEOPLE IN CRISIS.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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