Finance Score: 1

Governance Score: 6

Support Score: 4

Poor Liquidity: -1
Strong growth: +2

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +4

Overall GiG Score: 11

BRITISH GAS ENERGY TRUST

The Trust contributes to the relief of poverty, with a particular focus on fuel poverty. It helps families and individuals experiencing hardship who are struggling with gas and electricity debts by awarding grants to clear those debts. The Trust also funds organisations across England, Wales and Scotland to provide fuel debt and money advice services within communities.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
There has been strong growth in spending since inception
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

Established: 6 years

www.britishgasenergytrust.org.uk

contact@britishgasenergytrust.org.uk

0121 348 7797

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
31/03/23	£24,883	£22,712	£2,170	£0	£6,109	£3,608	1.9	8
31/03/22	£8,300	£6,985	£1,315	£0	£3,939	£2,420	4.2	0
31/03/21	£6,003	£6,183	£-180	£0	£2,623	£2,623	5.1	0
31/03/20	£6,238	£5,782	£456	£0	£2,803	£2,803	5.8	0
31/03/19	£2,672	£325	£2,348	£0	£2,348	£1,644	60.7	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 5%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 59%
Reserves/Spending: 1.9 months
Net Current Assets/Spending: 3 months
Quick Ratio: 13.6

Asset Split ?

Listed activities

Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

8 employees

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
Department for Business, Energy and Industrial Strategy - TransmissION
£9,226	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10032777
Department for Business, Energy and Industrial Strategy - Autonomous quantum technologies (AutoQT)
£207,649	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10004359
Department for Business, Energy and Industrial Strategy - Altnaharra: Cryoelectronics for Quantum Circuits
£222,618	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10006186
Department for Business, Energy and Industrial Strategy - DISCOVERY: Developing UK Industrial Supply for Commercial Quantum Computing
£269,620	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=50133
Department for Business, Energy and Industrial Strategy - NISQ.OS
£160,581	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=48482

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Based on 7/8 persons

Age Range of Trustees:

ALBERT CHONG Appointed: 2019

HELEN CHARLTON (Chair) Appointed: 2019

MARK HOWARD MCGILLICUDDY Appointed: 2021

SUSAN CATHERINE DEACON Appointed: 2021

ARVINDA GOHIL Appointed: 2024, Occupation: Charity Ceo, Other trusteeship: VOLUNTARY ACTION CAMDEN,

LAURIE LEE Appointed: 2019, Occupation: Director

SHEILA WHEELER Appointed: 2019, Other trusteeship: ROMAN CATHOLIC ARCHDIOCESE OF SOUTHWARK,

WILLIAM GILLIS Appointed: 2019, Occupation: Retired, Other trusteeship: CENTRE FOR SUSTAINABLE ENERGY,

Legal constitution

Charity registered in England & Wales on 16/08/2018, number: 1179578

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
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

5 returns made; all on time

Recent reorganisation events:

Asset transfer in from BRITISH GAS ENERGY TRUST on 31/05/2019

Main office

FARRER & CO
65-66 LINCOLN'S INN FIELDS
LONDON
WC2A 3LH

Objectives

1 THE RELIEF OF POVERTY PARTICULARLY AMONG THOSE WHO ARE UNABLE TO MEET OR PAY CHARGES FOR THE SUPPLY OF ENERGY PROVIDED TO PREMISES USED OR OCCUPIED BY THEM; AND 2 THE PREVENTION AND RELIEF OF POVERTY BY EDUCATING THE PUBLIC IN RELATION TO DEBT AWARENESS AND PREVENTION.

Data Sources