Finance Score: -2

Governance Score: 3

Support Score: 3

Excess reserves: -5
Fundraising costs low: +3

Dynamic board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 4

THE FINCHLEY CHARITIES

The Finchley Charities, established in 1488, administer 172 flats for older persons on three estates in the Finchley area. Applicants should be over 55, in housing need, have limited means and have lived in the London Borough of Barnet for at least five years. Financial assistance may be granted to individuals or organisations in relieving persons in the area of benefit in need or hardship.

Analysis by Giving is Great

Positives:

The charity has received Government grants
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £16,367,154 available, equivalent to 95 months of spending and so may not be able to utilise additional funding
There has been a change of accounting period recently, so trends may be hard to determine

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

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		£2,091	£2,065	£26	£0	£16,569	£16,367	95.1	11
31/03/22?		£2,506	£2,099	£407	£0	£16,980	£16,792	96	10
31/12/20		£2,008	£1,654	£355	£0	£16,065	£15,893	115.3	11
31/12/19		£1,985	£1,580	£405	£0	£16,256	£16,097	122.2	10
31/12/18		£1,585	£1,184	£401	£0	£15,004	£14,856	150.5	13
31/12/17		£1,473	£1,141	£332	£0	£14,760	£14,623	153.8	13
31/12/16		£1,436	£1,093	£343	£0	£13,965	£13,840	151.9	13
31/12/15	*	£1,338	£992	£346	£47	£13,194	£7,041	85.1	14
31/12/14		£1,387	£990	£397	£5	£10,737	£7,895	95.7	13
31/12/13		£1,251	£926	£326	£67	£10,419	£7,508	97.4	13
31/12/12		£1,175	£833	£341	£47	£9,355	£7,192	103.5	13
31/12/11		£1,117	£1,052	£64	£5	£6,411	£4,615	52.6	13
31/12/10		£986	£909	£77	£6	£6,527	£1,969	26	12
31/12/09		£903	£985	£-82	£6	£6,168	£4,480	54.6	13
31/12/08		£841	£1,064	£-224	£6	£10,619	£4,489	50.6	17
31/12/07		£790	£1,104	£-314	£6	£12,115	£4,867	52.9	17
31/12/06		£704	£749	£-45	£0	£0	£0	n/a	0
31/12/05		£610	£1,129	£-519	£0	£0	£0	n/a	0
31/12/04		£557	£1,256	£-699	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.3%
Fundraising Costs/Total Spending: 1.1%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 16%
Liabilities/Income: 156%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 95.1 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.6

Asset Split ?

Established: 42 years

www.thefinchleycharities.org

info@thefinchleycharities.org

02083499167

Charity Commission for England and Wales

Tweets

Listed activities

Accommodation/Housing
The Prevention Or Relief Of Poverty

GiG Classification

Other facilities management and maintenance

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides buildings/facilities/open space
Provides human resources

Where it operates

Barnet,

Who it helps

Elderly/Old People
Other Charities Or Voluntary Bodies

Who works here?

11 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 9/11 persons

COUNCILLOR DANNY RICH Appointed: 2023

ADAM GHEASUDDIN Appointed: 2021

CHINYERE UGWU Appointed: 2022, Other trusteeships: THE SINGLE HOMELESS PROJECT, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANSELM,BELMONT,

GRAHAM OLD Appointed: 2018

IAN ANDERSON

LEILA SATAR Appointed: 2022

MICHAEL PUGHSLEY (Chair) Appointed: 2022

NIGEL BENJAMIN Appointed: 2022

REV PHILIP DAVISON

RICHARD MERRIN Appointed: 2021

SUSANNA MORALES Appointed: 2022

Legal constitution

Charity registered in England & Wales on 02/08/1982, number: 206621

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Homes England

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
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

Filing Record

19 returns made; AR15: 0 days late,

Main office

41A WILMOT CLOSE
LONDON
N2 8HP

Objectives

1) THE PROVISION OF ACCOMMODATION FOR BENEFICIARIES, AND ALLOTMENTS FOR THE BENEFIT OF PERSONS OF LIMITED MEANS IN THE AREA OF BENEFIT;AND 2)SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE. 3)RELIEF IN NEED FOR PERSONS IN THE AREA OF BENEFIT WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS. 4)PAYMENTS TO PARISH CHURCHES SITUATED IN THE ANCIENT PARISH OF FINCHLEY.

Defined Area of Benefit:

BOROUGH OF FINCHLEY

Data Sources