Finance Score: 1

Governance Score: 3

Support Score: 4

Poor Liquidity: -1
Income diversified: +3
Strong growth: +2
Fundraising costs high: -3

Dynamic board: +3

Overall weighted support: +4

Overall GiG Score: 8

BOOMERANG CARDIFF

Boomerang Cardiff has been an ongoing project since our inception in 2017. Under the umbrella of our organisation we have 5 key areas.Homelessness/Prevention of homelessness In Work PovertySocial Isolation/LonelinessCommunity Engagement/EducationHealth/Physical Wellbeing

Analysis by Giving is Great

Positives:

Income generation is well diversified
There has been strong growth in spending over the last 5 years
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
The Board appears to be dynamic in terms of composition

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
Fundraising costs are extremely high relative to funds raised

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
31/12/22		£746	£549	£197	£197	£472	£37	0.8	17	90
31/12/21		£622	£409	£214	£1	£276	£43	1.3	17	20
31/12/20		£300	£301	£-1	n/a	n/a	n/a	n/a	n/a	50
31/12/19	*	£186	£173	£13	n/a	n/a	n/a	n/a	n/a	60
31/12/18		£107	£66	£41	£0	£0	£0	n/a	0	60
31/12/17		£40	£31	£9	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 30.9%
Fundraising Costs/Total Spending: 35.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 19%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 8%
Reserves/Spending: 0.8 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.3

Asset Split ?

Established: 7 years

www.boomerangcardiff.org.uk

paul@boomerangcardiff.org.uk

02920497724

Charity Commission for England and Wales

Tweets

Listed activities

Accommodation/Housing
Amateur Sport
Disability
Economic/Community Development/Employment
General Charitable Purposes
Other Charitable Purposes
Recreation
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Community food services

How it operates

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

Where it operates

Throughout Wales,

Who it helps

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

Major supporters in last 5 years

National Lottery Community Fund	£293,207
Virgin Money Foundation	£1,166
Woodward Charitable Trust	£1,000

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Empowering communities
£293,207	25/11/2021 36	Boomerang Cardiff will use £293207 over three years to formalise and expand its existing services. The organisation provides a range of services to homeless families and individuals moving into ....more Boomerang Cardiff will use £293207 over three years to formalise and expand its existing services. The organisation provides a range of services to homeless families and individuals moving into temporary and permanent accommodation as well as supporting low income families who are struggling to provide the essentials. It will provide volunteering and training opportunities to local people as well as a range of activities to engage and support the local community.
Virgin Money Foundation - Grant to Boomerang Cardiff
£1,166	20/03/2020	Grant through the Heart of the Community Fund to support the running costs.
Woodward Charitable Trust - Towards the furniture recycling project
£1,000	15/11/2019	Towards the furniture recycling project.
Virgin Money Foundation - Grant to Boomerang Cardiff
£500	15/05/2019	Grant through the Heart of the Community Fund used to help them build hampers including essential items for people who have experienced homelessness and are securing their first homes.
People's Health Trust - The Bridge Project
£8,648	21/06/2018	This two-year project is establishing a community action initiative, where volunteer Community Ambassadors meet monthly to share knowledge and ideas about the local area. These are open meetings that ....more This two-year project is establishing a community action initiative, where volunteer Community Ambassadors meet monthly to share knowledge and ideas about the local area. These are open meetings that can be attended by any local resident that wants to get involved, and will enable residents to create networks, connect to groups and individuals that might be able to help put their ideas into action and work together to build a better neighbourhood. This could range from setting up a community litter pick to setting up new projects, groups and activities. In its first year, a Project Coordinator will facilitate meetings and support local residents to develop a framework and build their confidence and skills so that they can take full ownership of the project in year two.
National Lottery Community Fund - In Work Poverty
£10,000	06/03/2018 12	In Work Poverty

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

CARMELO VELLA Appointed: 2022

MATHEW BRICKNELL Appointed: 2021

JONATHAN ACKERMAN Appointed: 2020

KONSA MICALLEF Appointed: 2021

STACEY GWILYM (Chair) Appointed: 2017

Legal constitution

Charity registered in England & Wales on 05/05/2017, number: 1172898

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

6 returns made; AR19: 144 days late,

Main office

Boomerang Cardiff
Unit 5
Templar Park Industrial Estate
East Moors Road
CARDIFF
CF24 5EW

Objectives

THE OBJECTS OF THE CIO ARE (1)THE PREVENTION OR RELIEF OF POVERTY IN CARDIFF AND SURROUNDING AREAS BY PROVIDING: ITEMS AND SERVICES TO INDIVIDUALS/FAMILIES IN NEED, AND TO WORK ALONGSIDE OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY;(2)TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF CARDIFF AND SURROUNDING AREAS WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND OTHER LEISURE TIME OCCUPATIONS WITH THE OBJECTS OF IMPROVING THE CONDITIONS OF LIFE OF THE SAID INHABITANTS; AND(3)TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE (HEREINAFTER CALLED 'THE CENTRE') AND TO MAINTAIN AND MANAGE THE SAME (WHETHER ALONE OR IN CO-OPERATION WITH ANY LOCAL AUTHORITY OR PERSON OR BODY) IN FURTHERANCE OF THESE OBJECTS.NOTHING IN THIS CONSTITUTION SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CIO FOR THE PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH[SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005] AND [SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008].

Data Sources

BOOMERANG CARDIFF

Analysis by Giving is Great

Positives: